Everyone on the planet is afraid of failure, we all do. It’s a natural feeling that comes into our minds and spirit once we decide to get out of our comfort zone and do something we have never tried before.
As entrepreneurs or someone who is deciding to start a business it becomes quite overwhelming starting out with something new which in most cases everyone around us is telling you it’s not going to be successful, right before you even start out.
Today we would be looking at how you can use the fear of failure to your advantage without having to lose sleep over failure or getting worked up at the thought of it before starting a business.
5 Helpful Steps to Overcome the fear of failure When Starting a Business
1) Re-position your Goals
Before now your goal in starting a business might have been to make sales, get profit and live a comfortable life from the benefits your business will bring but then the fear of failure jolts you back to the reality of losing your investment and being laughed by friends and family who told you it wasn’t going to work at the first place.
My advice is decide to do something honorable by creating or offering a product or service that will actually help people in a unique way which is not available in the marketplace right now.
Choose to develop yourself to become that exceptional individual that sees a problem and decides to solve that problem and you will see even when you fail in the process you will discover you’re learning the little secrets of how to solve the problem.
When you do this the fear of failure will disappear because you’ve shifted your goal from making a profit (which will always come when you meet a need) to actually going all out to solve a problem.
2) Prepare for Obstacles ahead
When starting a business always know that it is not going to be a jolly ride to profits and prosperity just because you said you are starting a business. Like anything of value, success comes from days, weeks or months of hard work, dedication and commitment to your goal and passion.
So instead of day dreaming about the profits and the good life that comes with being a successful entrepreneur rather plan and draw a strategy for the challenges ahead but at the same time keeping your focus on your mush desired result.
When you take this approach you become ready for those gloomy days when all you do just seem not to work but ask those who’ve become successful in business, they’ve all experienced and had those bad days.
3) Decide to learn from your experience
Once you decide that you’re going to learn from the experience of starting out a business rather basking in the fear of failure or the business folding up, make a decision to learn ways of how not to do it even when you fail in your business venture. Learn to take risk.
Most successful business today was born by entrepreneurs who decided to do the unusual and damn all consequences. They were visionaries and pioneers who decided to start something new and learn through the process and along the way the universe brought them that desire they imagined before they started out.
Ask most successful entrepreneurs about the high points of their business and they will tell you it was when they first had that first breakthrough after years or months of failing and learning how not to do it.
4) Get a mentor
Most times the fear of failure for most prospective entrepreneurs is the fear of starting out all alone. Truthfully it can be scary especially when you’re charting a course your contemporaries have not charted before.
The best thing for you to help overcome fear is to find a mentor or someone who has done exactly the same thing or something close to what you’re trying to achieve. As they say “experience is the best teacher”.
Once you do you will find out that mentors play a huge role in determining our success because they help you avert all the mistakes and huge consequences that come with those mistakes.
5) Follow a proven blueprint or system.
To overcome the fear of failure when starting out a business it is recommended you search for a proven system or technique that simplifies the whole process of running a business or starting out experimenting. This will help shorten your learning curve, save your resources and time which can lead to frustration or throwing in the towel.
Are you at the crossroad of starting a business or doing something new you’ve never done before? The video below will help you overcome the fear of failure.
I believe you have overcome the fear of failure and you feel more confident about taking that decision.
If you’re looking for a business that helps you:
-Re-position your goals (Focus)
– Prepare for Obstacles Ahead (Right Mindset)
-Learn from your experience (Development)
-Get a mentor (Trusted Leadership) and
-Follow a proven system (Trusted & Failure Proof)