How do we use fear as motivation to start a business

How do we use fear as motivation to start a business

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How do we use fear as motivation to start a businessPhoto by Tyler Franta

Originally Posted On: https://businessforfamily.com/how-do-we-use-fear-as-motivation-to-start-a-business/

 

What stopping you?

Did you know that there are nearly 28 million small businesses just in the in the United States alone?

They make up over a whopping 99.7%of all U.S businesses. Keeping those numbers in mind, ask yourself what’s stopping you from adding onto this glowing demographic?

If you’re passionate about starting up a business, like many people are, you probably find that fear keeps you from pursuing that dream.

You most definitely are not alone in that aspect.

According to an article in USA Today, nearly 1/3 of Americans claim that the idea of starting their own business is just as frightening as the idea of skydiving.

It’s understandable that fear plays a part in starting up a business, but that fear doesn’t have to cripple your dreams.

Let’s talk about how we can harness those fears and make them work for us, rather than against us!

Let’s use our fear and transform it into motivation!

You weren’t given your passions to simply place them on a back burner.

You can make your dreams a reality, despite your fear and uncertainty.

So, let’s jump right into it!

The biggest questions: Will my business be successful?

One of the biggest questions that people ask when they dream about starting their own business is, “will my business be successful?”

This is obviously a very important question because if a business fails, that means that a lot of time and money were put into something that didn’t work.

This is a very understandable fear. But what you’ve got to realize is that we live in an age where we have endless information at our fingertips

Do you want to know whether or not your business will be successful or not?

Well, a little bit of research will be able to tell you everything that you need to know.

Get on the web and search for existing companies in your chosen area. Learn what current brand leaders are doing and figure out a way that you could do it better.

The internet will be able to tell you so much about other similar business, how they are doing, and what sets them apart!

Could you do the same thing for faster, cheaper, or in a way that is more unique and/or exciting?

If so, then your business shouldn’t fail, with the right amount of work and promotion.

You have to know your competition and what you’re up against.

This fear of not knowing where your business might end up, can easily be figured out with some research.

Instead of letting competition intimidate you, learn how you can do it better.

This is the first step in transforming a fear into a strength!

You’ve got to get comfortable with the uncomfortable because the things that often make us uncomfortable, are really only in our heads.

We have to embrace learning and embrace hard work.

Money: Fear of not having enough

Another common worry when starting up a business is money.

Not having enough and estimating costs incorrectly can certainly be a daunting part of trying to plan any business.

Money is a huge part of building a successful business, but it doesn’t have to scare you.

The trick is having more than you need before you decided to funnel money into your dreams.

One of the first steps in building a business is discovering everything that you’re going to need.

There are going to be permits, construction, product, you name it.

So, instead of letting the costs scare you, jump ahead of the curb.

If you need $20,000 to start up your business, make $30,000 or even $35,000 before you jump in.

This way, you are guaranteed to have a little cushion in case you stumble across an expense you might not have factored in or forgot.

You’ll also have a little extra cash squared away until you can start making a profit.

And there are so many ways that you can earn extra money nowadays; freelancing, online gigs, part-time jobs, you name it!

It’s always going to be scary when you’re investing a lot of money into something, but as long as you have more than you need, you can rest assured that you won’t go broke trying to make your business successful.

You deserve to have the best, is it?

Another great way you can cut back on costs is determine what is necessary and what is luxury. A lot of people get wrapped up wanting their business to be the best that it can be. And there is nothing wrong with that. You deserve to have the best, but fall into it gradually, rather than going all in. Once you begin to make a profit, you can use that extra money to upgrade things and add some sparkle. There is nothing that says you have to start out being big, being flashy, being glamorous! Not at all, start small and work your way up. This will make the money aspect seem a lot less dauting. Spend a little bit here and there and save more than you spend.

Classic: I do not have time

Not having enough time is another common fear that many people have when starting up a business.

Obviously, it can take time and energy to make your business dreams come true.

But, even if you’re far away from your goal, it’s no reason to give up or start thinking that you just can’t do it.

Get online and search for ways to make extra money, keep researching what you’ll need to make your business dreams a reality, and work hard every day.

It isn’t going to be easy, but nothing worth having ever is. Don’t let time be a deterrent.

If you put your mind to it, you might be surprised at how much you can do and even earn when you set your mind to it.

We live in a glorious age of technology that enables us to do so much and learn so much!

We have all the tools that we need, it’s just a matter of using them.

Final Words

Mindset is what separates the best from the rest

“Americans think about quitting their jobs twice a week,” said David Rusenko, Weebly’s 28-year-old chief executive and co-founder.

There are so many people out there who dream of doing something different but they just don’t realize that a lot of what they fear is actually easy to overcome, with the right work and the right planning.

You’ve got the world at your finger-tips! Seriously, just the touch of a button on your cell phone or computer.

You have all the tools that you need! So, transform that uncertainty into power!

You can make more money than you need, do more than you need, and become successful more than you realize.

Now quit reading this article and go get started!

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