What Entrepreneurs Need to Know About Overcoming Fears of Failure

What Entrepreneurs Need to Know About Overcoming Fears of Failure

"Its fear that give you proper prospective on success"

-ELLEN DEGENRES

“95 percent of all businesses DO fail within the first five years” and that can without a doubt take you mind down a scary rabbit hole of doubts and fears. The fear of failing is so deeply entrenched within our core, that stats don't really help either way. The TRUTH is simple, we ALL fear something.

ü  FEAR of not succeeding if they try something New: FEAR of not "making it" doing what they are passionate about

ü  FEAR that keeps them from following their heart: FEAR of JUST starting

ü  FEAR of not keeping up with the digital marketing: FEAR of economic uncertainty

ü  FEAR of losing the passion and drive: FEAR of not TRULY believing in yourself

ü  FEAR of not being ready: FEAR of not being good enough.

ü  FEAR of business consuming your life FEAR of hiring employees

ü  FEAR of making sales: FEAR of scaling

ü  FEAR of prospecting, marketing, cold calling: FEAR of being too successful to fast

ü  FEAR of taxes: FEAR of legal and administrative structures

ü  FEAR of the digital age and customs: fear of using latest technology in business

The sum of all these fears add to one common thought: FEAR of FAILURE

There are no of ways that help us to overcome failure:

Think and Implement “Persistence”:

                   It’s essential that you keep going even in the pursuit of constant letdowns, rejections and failures.

  Walt Disney put it perfectly when he said even on the worst of days; put a smile on your face. Giving up is a symptom of helplessness which leads to quitting and can surface full depression and increased chances of failure within the individual. Rejection is going to happen; it’s an inevitable in business and is out of your control.

Begin to speak to yourself more optimistically:  

               Everyone has a positive and negative way of speaking to themselves.

   Entrepreneurs are often perfectionists who promote negative thinking and harsh self-critics telling yourself that you’re stupid after making a mistake is a lot less productive than analyzing the mishap, formulating preventative measures and understanding that every unsuccessful attempt is one step closer to the solution. If you think of failures as a permanent problem that’s out of your control, you’re going to be more prone to falling victim to rejection, depression and failure.

Reflect upon your successes:

            In any given year, we have 500 successes and 500 failures. So, why do we tend to only think of our failures? The answer is complex, but the solution is to take some time every day and think about everything that you’ve done correctly. You’ll quickly notice that you’ve achieved more than you may think.