Facing Your Fears As An Entrepreneur




The inhibitions

Most entrepreneurs I have talked with have had to come face to face with their fears. I’ve had to as well. I want to share with you some of the techniques that were utilized to face and overcome them. The first step is not to be in denial. You have fears even if you don’t readily acknowledge them. They sometimes take the form of that little guy – or gal – in the back of your head that says you can’t do it.

Fear is such a huge factor in preventing people from becoming entrepreneurs. I’ve heard from the CEO of a real-estate based network marketing company that even though he has people packing into company seminars, that maybe 2-5% of them will actually go out and apply the knowledge by putting offers on real estate. He is convinced that the rest are paralyzed by fear. Following are some of the techniques I have used as I learned them from the entrepreneurs I’ve known and dealt with.

Your goals and work plan

Think about what you do want in the form of goals and objectives, and when you find yourself spinning the wheels in your mind over and again about your worst case scenario, turn it around and focus on what you DO want. Visualize yourself getting what you do want. See the new house. See yourself talking to the interested person as they become a part of your business. You get what you focus on.

Change the inner voice in a manner that when you hear yourself telling you that you’re not good enough – you’re going to fail, just change the voice from yours to that of Mickey Mouse or Pee Wee Herman or something else that would hold little weight with you anyway! Who cares if Mickey Mouse thinks you’re not good enough? Is Mickey Mouse an entrepreneur?

Discussion and research material

Share them with a trusted friend or associate. Hopefully you have been able to find some level of support from at least one other entrepreneur. Ideally, you have a significant other that supports you. If not, then you should have some kind of support network from your team, upline, or a top producer that you can talk to. Some people may tell you that it is silly you could even believe that you’re not good enough. For me, my wife has been a constant source of support. However, don’t go looking for support from all those people who doubted you and told you it was crazy to go out on your own. They will never understand the entrepreneur.

Have a personal development library. I draw tremendous support from my library. It is not just filled with how to resources, but also stories of others who conquered their fears. I couldn’t begin to list the many sources I have, but if you contact me I can recommend something based on your own description of your circumstances, although I am in no way a trainer or instructor.

Visualize. Act. Persist

Go ahead and “just do it”. Sometimes just making the smallest step will help get you going enough that the fear of not doing something can go away. An example would be neglecting to write an article such as this one out of fear of failure. Just starting it can create enough momentum to see it through.

Visualize the result, but make the action the goal. There is a subtle difference here for the entrepreneur. Of course you want the result, but maybe that’s not in your direct control. Visualize the result in your mind, but make your goal is the consistent and persistent action of the entrepreneur. Visualization and action will eventually produce the result and you can certainly achieve that goal.

Never, ever quit! I hate to even use that q word. If you do quit, you cease to be an entrepreneur! Not quitting ensures that you’re not beaten, you are moving ahead!

Handling Failure The Successful Entrepreneur Way


There are many differences that separate the winners in business and life from those who are struggling and falling by the wayside. One big difference is how they handle failure. Successful entrepreneurs have a positive mindset around the experience of failure. When they fail, they look at it as a result. In other words, they took “x” steps which produced “y” result. Since “Y” didn’t work, it’s back to the drawing board to change the formula and try again.

Many new business owners don’t make it out of the gate because as soon as they fail, they figure, “Who am I kidding? I knew it wouldn’t work” and then quit. In other words, they were unable to convert stumbling blocks into stepping stones which inevitably lead to failure. If everyone had that mindset, we wouldn’t have electricity, airplanes, vaccines … actually, we’d have pretty much nothing.

Every single success in this world was preceded by one, two — a thousand failures! Babe Ruth set a record for the most home runs. Did you know he also had the record for the most strikeouts? Thomas Edison failed more than a thousand times before he perfected the light bulb.

If you’re not failing, you’re not pushing yourself enough. You are remaining in your comfort zone and cannot expect to reach the level of success you’re capable of. Failure is what allows you to learn and grow. If you quit as soon as you meet with failure, you will always remain exactly where you are.

Albert Einstein once said, “You cannot solve a problem with the same level of thinking that created it.” And, “The definition of insanity is doing the same thing over and over and expecting a different result.” What these statements teach is, in order to overcome failure, you must think differently and act differently. It is what separates the ordinary from the extraordinary.

You might have to seek out guidance from someone else who can offer the expertise you need. You may need to inject new perspectives and talent by forming a team around your project, but fear of failure is one of the biggest obstacles that hold new business owners back. Failure should not be feared, but embraced because a life lived in fear is a life half lived.

If you’re stuck and unable to move forward because of fear of failure or because you have failed in your previous attempt, bring someone else into the mix to offer support and guidance. Tweak your plan and give it another go.

Engrave the words of the following masters into your mind and never, EVER give up:

  • Anyone who has never made a mistake has never tried anything new. – Albert Einstein
  • He who fears being conquered is sure of defeat. – Napoleon I
  • Problems are not stop signs, they are guidelines. – Robert Schuller