The 7 Fears of Starting A Business

The 7 Fears of Starting A Business


The 7 Most Common Fears People Have When Starting a Business

By QUINN TARANTINO


Entrepreneurship has always been a fear for most people. Fear of failure. Fear of money. Fear of loss. But for some reason, fear of success doesn't seem to get much attention.

Entrepreneurship is defined by the ability to risk everything in order to pursue a dream. The decision to quit your job and start your own business is one of the biggest risks you will ever take. It’s why so many people avoid entrepreneurship. But the rewards of entrepreneurship can be life changing and they can be even greater for the entrepreneur themselves.

When most people start a new business, they have no idea what to expect. They are scared out of their minds. In today’s blog post, I will talk to you about the 7 most common fears people have when starting a business, and how to overcome them.



"What if I don't make any money?"

One of the top reasons why people don’t start their businesses is the fear of not making money from it. Many times people who want to start their own business decide to wait until they’ve saved up some money, and then jump into the fray. This is a mistake. While it’s true that you won’t make any money right away, there are several ways to get started on your new business without worrying about losing a bunch of money.


"What if people don't like what I offer?"


This is a tough one because there is often a lot of talk about “not wanting” things. People will talk about the “disease of desire” as if it were something real. And we all know that desire is something that drives us to do almost everything. But “want” and “desire” are very different things. When it comes to selling, desire doesn’t have anything to do with the end product. Desire, if it exists, is for the process itself. Give them a fantastic customer experience and they'll sing your acolades.

Here are two things to consider in the face of a potential rejection. The first is that people usually prefer things that are more familiar to them than they do things they are unfamiliar with. It's better to be better. So if you’re selling a new type of wine or an online service that’s quite different from anything else out there, you’re going to be competing with people who have been consuming products like yours for years. The second thing is that people like new things and hesitate to buy, but can't stop thinking about it. In this case, different is better than better. If someone says no, it could just mean that they need more time to think about it.


"What if I get board or annoyed or find that I hate the process?"


You’ve heard it all before: “I’m so excited about my new business, but what if I get bored or annoyed or find that I hate the process in my business?” That’s what worries some first-time entrepreneurs. They get scared that they won’t be interested in their businesses and aren’t sure how to avoid that situation. But there are strategies to avoid that scenario, and we’re going to share them with you here.

The first principle is: if you want to make sure your content is useful, interesting, and engaging, keep in mind that you’ll have to work for it. Just writing a blog post doesn’t mean that it will magically convert into business. Sure, there are plenty of times that people have a good idea for a blog post but then they end up getting distracted by a new project or feeling that they don’t have enough time to dedicate to blogging.

The second principle here is creativity. When you’re feeling overwhelmed, anxious, or just plain bored, it’s difficult to remain creative and open to ideas. To avoid falling into this trap, try to remind yourself that boredom doesn’t have to mean you are stuck—it means you are open to ideas and possibilities that you’ve never considered. Creative people are always curious, even when they feel stuck. And there’s nothing wrong with boredom—the point is to recognize it and take advantage of it.



"What if I can't attract customers?"


Your first impulse might be to focus on marketing. After all, people often say things like, “I need help getting traffic to my website,” or, “My site isn’t getting any visits.” But in fact, marketing isn’t the answer to this problem. You might be getting traffic to your site and spending a lot of money on advertising, but that doesn’t necessarily mean you’re attracting the kind of customers you want.

The truth is, many small businesses are starting up and they don’t know how to market themselves, and it’s a challenge they face. But there is a solution. If you’re having trouble attracting customers, the first thing to consider is: Are your services or products really necessary? If so, is it even possible to make that kind of impact? There’s no doubt that marketing is a huge challenge for small businesses. Even if you have all the money in the world, there’s no guarantee that your efforts will be fruitful. But if you have a unique offering, you can bet that there are people who will appreciate your product or service.


"What if my business doesn't take off?"


Once your business is up and running, how do you maintain the momentum? How do you keep it growing? One simple answer is to grow your audience. There are many ways to do this. One of the best is to focus on reaching and engaging potential customers. In the beginning, you're looking to find people who share your passion and interests. After all, what's the point of starting something that no one else cares about? If you want people to care about your new business, you need to provide them with a reason to care.

One of the best ways to build an audience is to engage your target audience. You should find people who enjoy engaging in topics you care about. They might be the ones who can be interested in your services or products. You can do this through social media or other online platforms. You should also try to connect with bloggers and other influencers in your niche. You can make friends with them, too.


"What if I have no time to do what I need to do?"


It’s a great question. This crosses the minds of most people, and it’s a valid concern. However, it should never be a reason to give up on your business. There are lots of ways to make time in your life, just as there are lots of ways to make time for your business. And that’s why I recommend this as a useful tip for entrepreneurs who are struggling with this question. Think about what’s going on in your life right now that’s causing you to feel overwhelmed. How can you repurpose that energy and time into making your business a success?

If you’re looking for ideas on how to build a business without having to devote all of your time to it, there are a few things you should be thinking about. You need to ask yourself some questions about your ideal situation, such as what will make you feel successful? What do you need to accomplish to feel that you are succeeding? Who do you want to be in life? If you are going to take up an endeavor that isn’t fully under your control, are you willing to devote the time necessary to see it through?


"What if I can't handle success?"


Here's a scary question. People are so focused on avoiding rejection or how to handle rejection, or how to minimize rejection. "What if people tell me 'no'?" Well, what if people tell you 'yes'? Can you handle the orders coming in? What if too many people want your services at once? Though these are great problems to have, they are still problems.

You need to be prepared. You have to prepare yourself for the problems that might come your way. You will always face challenges when you are building a new business. But just as you have contingency plans for when things go wrong, have everything ready for when things go right!

There will always be challenges in life. There will be times when you fail and other times when you succeed. When you succeed, you will receive a lot of attention. People will be excited about you. They will praise you and admire you. It's okay to receive compliments, but you need to take them the same as you would take rejection: with a grain of salt. 



So, what is the cost of not trying?


Every day, there are hundreds of thousands of people who wish they had an opportunity to start a new business. These people spend hours, days, and even weeks looking for ways to make money. They think that if they find a good business opportunity, they may not be able to earn enough money to support themselves. It can happen, but know that the accumulated knowledge you learn in the process is also a form of success, even if the business itself fails. In order to start a business, you need to be ready to put in some time and some money. If you find a business opportunity that you think you can turn into a profitable business, you should try to do the best you can with what you have. We miss 100% of opportunities we don't take.


Conclusion


In conclusion, If you aren’t willing to overcome your fear, you’ll never be able to succeed in your venture. Your fears are a constant companion, and you need to find ways to deal with them. By dealing with them and learning to overcome them, you can get through your startup phase much easier and faster.


For news, freebies, and podcasts. If you'd like to begin your journey to become an entrepreneur, click here.


To join our Facebook group click here.