Personally, the fears of starting a business would always freak me out and it was something I could never entertain.
However after reading Robert Kiyosaki’s Rich Dad book series, I have always known it was the only way to get a head in life especially if you’ve had some major life set backs.
The following are a few of my fears of starting a business which have stopped me dead in my tracks.
What if this business isn’t the right fit for me?
This question would strike fear to the very core of my being because I never wanted to spend a great deal of time or money starting a business, be a year or 2 in and say to myself, “Oh, I can’t stand doing this, what have I done?”
Being able to work in the business you are looking to start, reduces your fears of starting a business by getting a feel for the industry and the actual business itself.
The advantage of doing that is, you are still earning while you’re learning, giving you the opportunity to pay your bills while exploring your idea. It creates an opportunity for you to see the good and bad things about the business allowing you to make an informed decision looking at all angles.
If working in the business while you’re leaning is not an option, then I would highly suggest to do the business on the side while holding onto a full time job. This would lower your fears of starting a business because you can still maintain your current lifestyle while working on your business.
Fear of the unknown.
Just the thought of starting a business, any business can be frighting for anyone who has never been in business before. Even more so if no one in your circle of influence has a business of their own to bounce ideas off.
Starting a business just like anything else, offers a whole new level of learning. It is always a good idea to talk to an accountant and a solicitor about starting a business. This would ease up the tension of not knowing.
Finding out everything you can about the business you are looking to get into will also help.
If your fears of starting a business are still strong after doing all the research you can about the business, then the question has to be asked, are you fearful because you don’t have enough information about the business and the industry it represents?, or are you fearful because it is a completely new thing that you have never done before, but still have a burning desire to start anyway?
If you’re leaning to the second question, I would have to say to, feel the fear and do it anyway. You will begin a personal growth journey which will not always be comfortable and sometimes be in your face, but what you will learn about yourself will be priceless and empowering.
Fear of Change.
Change isn’t always welcomed by everyone and can affect people in different ways, even if it is a positive change.
Life is always changing. Wouldn’t it be good to have some control on how and when that change is going to be, what it will be and why?
Maybe your life partner is feeling the fear of change. You might feel the fear of losing them, not being supported or understood.
Having a strong reason for starting a business in the first place makes a big difference. Standing strong and true, based on the research you have done and the reasons why you believe this is a great move for you and your family, makes explaining the business to your loved ones easier.
It is always better to have your partner on the same page with you when starting a business. Just like everything else, your business will have it’s ups and downs. So being able to work together to create the life you both wanted is always a great thing.
If you and your partner are not on the same page, you really need to way up the emotional cost of starting a business and the affect it could have on your relationship.
Are the fears of starting a business and the change that will come with it, something you are with willing to face together or is one going to be pulling against the other?
Only you can decide that, it is always best to talk to each other first to find out where the other stands on such a topic. It could save a great deal of time, money and heartache down the track.
Fear of success.
This could be related to 2 things I can think of…
1. Not feeling that you are worthy of being successful or
2. Feeling that once something good, like some level of success coming into your business and awareness, you fear that for some reason it will be taken away.
These fears of starting a business are based on your up bringing, life experiences and limiting beliefs about money, success, business and self worth. These run much deeper than you might realise and it would be a good idea to take the time to look deeper into that.
I spent a great deal of time and money going to councillors. Although they did help, my major breakthrough with this was doing the Emotion and Body code with Zazeh Morfittis at atotalapproach.com.au. This is a technique which releases trapped emotions and negative imbalances from the body by using a form of muscle testing.
I also did the Demartini Method with Sarah Susac at mindcode.com.au. This method helps to challenge the way you think about your past and current life experiences so you have a balanced perception of the event. It truly helps to shift and move past things which would normally have you stuck.
These are just a couple of suggestions that released my fears of starting a business that worked well for me, there are so many options for self development and growth you could try and get amazing results from. Be open minded enough to realise that if you want something different in life, you have be different and change the limiting beliefs you may have. I know I had too.
What if I am not good enough?
In starting a business, you will be doing new and different things you have never done before which will prompt you to ask yourself this question. Be patient with yourself knowing that if you take things one step at a time, it will be come second nature to you.
However if you are going to play the “What If” game, it’s always best to play the game properly by asking and answering the question on both sides, “what if you are good enough?”
There is the saying “Anything worth doing, is worth doing poorly until you get it right.”
The product or service you are looking to provide could help so many people in so many ways, why hold back and stop yourself from moving forward based on this question. You are affectively ripping off the people who could greatly benefit from your product or service.
The richest place in the world is the cemetery. Full of people who had wonderful ideas of how they could help and serve people but never did anything just purely based on this question.
What if I fail?
This was one of my strongest fears of starting a business especially having 2 little boys to support. I asked a very successful business man how he over come this fear, he said he thought of all the things that could go wrong and come up with a solution for each problem before doing anything. He said he was able to start his business with a level of confidence, feeling as though all his bases were covered.
His business has been running for well over 30 years now and is very successful. It would be safe to say it worked very well for him to think that way.
In saying this, no one has a crystal ball, and things do happen. This is where the term “Failing Forward” is helpful. With every failure you have, you learn great lessons to build and grow from. The mistake becomes the lesson. Looking at things this way helps to take the sting out of failing, giving you the strength to keep moving forward.
What if I run out of money?
To help reduce this pressure, it is always best to have a full time job and start your business on the side. This way you are able to pay your bills while building your business.
Creating a budget for the expenses of the business, knowing before hand just what those expenses will be, gives you peace of mind and a sense of confidence, especially having planned for them in advance.
Coming from a head space of “how can I be of service?” in stead of “I need money” or “I don’t have enough money” will make the difference to the level of success you will see in your business, especially when you are genuine in wanting to serve people.
Who do I turn to for help?
This was a very important question to help me over come my fears of starting a business. Knowing that there is someone or a community I could plug into to get answers to my questions was huge
It is always a great idea to get around people who are like minded. Find and join groups, forums, business and wealth creation clubs. The business I got into already had a community I could get involved with and to be honest it has made all the difference for me.
From those groups you will find people who are where you want to be. Some may be able to share how they got started and give you ideas about the business you are looking to get into. This alleviated many of my fears of starting a business and gave me the courage to just keep going.
I would definitely not go to anyone who doesn’t have a business, and I sure wouldn’t go to people who are more likely to shut your idea down and discourage you completely. Be picky with who you share your ideas with.
The ultimate fear
Being on my death bed and asking the questions I know I will be asking myself which are, did I live my life fully? and did I give it my all?
This fear makes me want to do something especially if the answer to these questions is no. Being on your death bed taking your last breath would be way too late to do anything.
This is something I really don’t want to feel when I am leaving this world, however in saying that I know not everyone feels the same as I do. This is personal for everyone, so on this final point, I encourage you to follow what feels right for you, and go with that. Life is way too short.
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Dedicated to your journey of prosperity and personal growth.