Discover How To Overcome Fear Of Failure in Business By Following These 5 Steps
Going into business is daunting at the best of times and your mind plays many tricks on you and you become fearful so learn how to overcome fear of failure in business.
Hi Trish Davies, here, founder of Build Your AU, entrepreneur, and business owner for over 15 years. Whenever you start something in life there is always self doubt wondering if you have it in you to succeed.
Also, there is an element of fear that enters your mind and body which is totally natural. Fear is an emotion that is brought on when you experience a perceived threat or danger. This can happen to you if the danger or threat is a physical one or a psychological one.
When it comes to business the fear you experience is not of a physical nature, more it is emotional. Specifically, the most common fear in business is the fear of failure and how that will affect you.
What I will say right now is that is experienced by every entrepreneur and business owner, myself included. Successful entrepreneurs and business owners know how to overcome their fear, this is what sets them apart.
You have it in you to become a successful entrepreneur, but you must learn how to overcome fear of failure. I am not going to sugar coat anything and the reality is you may find it hard, but you must overcome the fear. If you don’t then it will hold you back from taking the necessary actions to move your business forward.
I am going to share with you 5 steps to help you overcome your fear of failure staring right now.
How To Overcome Fear Of Failure Starts With Developing The Right Mindset
All successful entrepreneurs and business owners have a growth mindset. You must develop this to gain momentum in your business and then take it to higher levels. One of the fears is not understanding what you need to do in business.
An example of this would be marketing and advertising. You must do this for your business to generate revenue and at first you won’t know what you are doing. Therefore, a growth mindset approach would be to learn the skill sets needed to market your business.
That is just one example and there are many more which you may be experiencing at the moment. You must get comfortable with feeling uncomfortable which may sound a strange thing to say.
What I mean is your fear of failure is taking you to those outer boundaries of your comfort zone. Those boundaries are where you feel comfortable within, but you can see the possibilities beyond those boundaries.
This is where your fears lay so you must face those fears head on and take the actions needed. If you do take the action then potential fortune awaits, if you don’t then you will let your fear of failure win.
Always Be Optimistic
When you are in business you must be optimistic and think positively. When you are optimistic for your future and the future of your business it energises you. Therefore, you will feel empowered to take powerful actions so that you succeed in business.
If you don’t feel this air of optimism, then negativity will immerse you and your life. When this happens the chances of failure increase significantly.
Fear is a destructive thing if left to its own devices. You can eliminate fear if you are optimistic about the future of your business. This will help you break down those barriers which are holding you back and take action.
Educate Yourself
One great way to overcome your fear of failure in business is to educate yourself and learn from others. All successful entrepreneurs and business owners read regularly, many of them read 1 book a week. This is what you must do to help you grow, gain confidence, and break those fear barriers down.
Look at successful people in your industry, business in general and personal development. Learning and growing is vitally important for you and the future of your business.
It will help you gain those skill sets you need that I mentioned earlier, and it will enhance your overall knowledge. Some of the people you learn form will be your competitors so study how they became successful. Don’t copy what they do, use them as a model for your business and add your unique perspective into the mix.
If you adopt the mindset of learning more than anyone else, it will help you overcome the fear of failure.
Develop A Plan Of Action
There is an old saying that “if you fail to plan then you plan to fail”. That saying is so true because if you enter a business venture half-cocked then the probability is that you will fail.
Thinking things through right from the outset is critical to your success and the more confident you will feel. Planning will help eliminate the fear of failure that you may have because it gives you a roadmap to follow.
You will know what to do and when to do it. Each step is planned out, written down so all you need to do is execute that plan, to the letter. You start at point A and your final outcome is point B. What’s in between those two point is the structure for your business. When you have this structure in place the fear of failure is nulled.
Think Like An Entrepreneur
To become a successful entrepreneur, you must think like one. Entrepreneurs are fearless and embrace challenges. They also see opportunities all around them and then act accordingly.
You must think like an entrepreneur and never see anything as a failure or set back. Times will get tough but make sure you learn from them, keep going to achieve the highest level of success.
When you think like an entrepreneur then it will change your life!
Those are 5 steps to overcome fear of failure in business, and in life. What I want to share with you now is a video that I shot a few short months ago. I did this for the members of my exclusive Build Your AU mastermind which helps entrepreneurs create their own authority business models.
Anyway, I have been in business for many years spanning different industries and niches. Over that time, I have developed assets in the form of subscriber lists, basically lists of contacts.
I have been developing the Build Your AU program and wanted to get it out there to my contacts. I wanted to tell my contacts what I had been developing but even with my experience I had a fear of failure. The fear of putting myself out there.
I won’t go into it anymore hear as the video explains all what I was feeling and what I did to overcome that fear. Click on the video below.
As you can see, I found out how to overcome fear of failure and it was through taking action. If you have any fears of failure in business, then I have something that may quell that fear. My Build Your AU program is designed to help you take an idea and create a business around it. The program will help you overcome any fears that you may have. To learn more about the program please click on the button below.
Helping you build your authenticity, authority and audience.
Trish Davies
Build Your AU
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