Makarand Utpat

5 Fears That Every Entrepreneur Must Conquer

In every aspect of life, there are fears and uncertainties that facet. It can cause inaction, procrastination or behavior that makes people less and less proactive. This is especially true if you’re running a business.

It’s not that the successful entrepreneurs have no fears.
All of them have it.
But, they are are good at recognizing it and conquering it.
If you’re looking to become a successful person, you just can’t brush aside those fears hoping that they will go away by themselves.

Here are the 5 fears that every entrepreneur must conquer in a bid to become successful in business.

1. The Fear Of Taking Risks

To start off the list of fears that every entrepreneur must conquer, it is the fear of taking risks. If you want to become a successful entrepreneur, you must realize that taking risks is important for continual success in the world of business.

Of course, it is easier said than done. Risks are risks for a reason. Things can go either way. Instead of avoiding risks altogether, there is a better way to go about it. When you are facing a situation where you might need to make a risky decision, conduct your research. Crunch all the numbers and find out as many facts about the situation as possible and make a decision based on the information you obtain.

The fact of the matter is that nothing in life is exactly certain. If you are facing an uncertain situation, you should do your level best to recognize what the risks are and how you can minimize them.

The more you find out about the options you have to consider the more the anxiety fades away and you can formulate an actual plan.

2. The Fear Of Losing Creativity

One of the best aspects about an entrepreneur is the fact that they are very creative individuals. Their ability to create is what drives them. It is the reason why they’re able to take absolutely nothing and create a living, breathing and thriving business out of it.

One of the fears that every entrepreneur must conquer is their fear of losing their creativity. You see, once an entrepreneur gets on track with having made a business that has started to gain traction, as an entrepreneur, you’ll never want to go back to working as an employee for another business or organization. The problem arises when the success of your business gets to a point where things start to become monotonous and you lose the creative aspect of it.

There is a reason it’s a fear that every entrepreneur must conquer because such a point can definitely come along in every business venture. Don’t worry because it is not that difficult to overcome if you really think about it.

Make sure that you always encourage creativity inside as well as outside your business.

Give yourself some space to creatively express yourself so that your need for creative expression does not get bottled up because of your business.

3. The Fear of Not Being Good Enough

All entrepreneurs pursuing any kind of business across all industries have one thing in common; Their desire to attain excellence.

Being just another run-of-the-mill entrepreneur is not something that anybody entrepreneur will be okay with. That’s why another fear that every entrepreneur must conquer comes to a head; the fear of being mediocre. In order to get over that fear, you just need to keep yourself on your toes and ask yourself a few things.

Are you someone that can be considered an expert in the industry you operate in? Do you feel like everything is slipping away from your grasp? How much do you apply your strengths in order to improve your business in the course of a day?

If you’re looking for what is the right or wrong answers, you will not get any. It’s not about the right or wrong answers to these questions. These questions will help you find out if you are on the right path towards achieving excellence or if you’re border lining on mediocrity.

Using these questions, help adopt a different approach and make improvements where you feel you can make to work more efficiently towards your goals.

4. The Fear of “Fears Becoming A Problem”

It almost sounds like it’s too crazy to be an actual fear but among the fears that every entrepreneur must conquer, the fear of fears is an actual thing. Being afraid of fear itself is something that might seem irrational but it exists in more entrepreneurs than they would care to admit. It’s completely understandable.

Entrepreneurs are great overcoming fears. They have incredible ability and want to deliver greater impact by changing the world.  So, it only makes sense that one of the fears that every entrepreneur must conquer is the fear of fear itself. If any fears come up, you are going to confront them and you are going to overcome them.

5. The Fear of Failure

In a list that is talking about the fears that every entrepreneur must conquer, the fear of failure is definitely something that has to be there. In fact, among the fears that every entrepreneur must conquer, it is the most important one.

It is one of the fears that is experienced most commonly by people everywhere. It is the one thing that can really cripple a person’s ability to go out there and do something. It is the fear of failure that makes you the kid who’s just looking at everyone else playing while sitting on the side.

The fear of failure is not something to be ashamed about. Among the fears that every entrepreneur must conquer, it actually happens to be the one EVERY entrepreneur will have faced at one point or continues to face. When you are facing the fear of failure, you should just ask yourself: What’s the worst thing that can happen to you?

See, there’s a difference between accurately judging the factors in situations you’re facing and imagining all the worst possible things that can happen. Building up those scenarios just adds fuel to the fire of crippling anxiety. Instead, you should analyze the situation subjectively and think of the good and the bad.

Yes, you should prepare for the worst, no doubt but you should hope for the best. That’s the way to go forward.