Almost everyone has a fear of something and this blog post is about some of the fears that entrepreneurs face. These fears can make the difference between being wildly successful and just getting by.
There may be times in your business life that fears of financial challenges, temporary setbacks, fears of speaking in front of a group of people may make you feel like throwing in the towel and giving up.
You made the choice to strike out on your own. Maybe you were downsized, perhaps you got fed up with being the employee, maybe you found the nine-to-five life restrictive and wanted more freedom – even though it means longer hours, you feel more fulfilled.
But, there may be some fears that are holding you back and may make you feel like quitting.
One or a combination of these fears can lead to holding you back from:
- making sales calls
- being confident enough to make a presentation
- speaking in front of large groups of people
- being the success you deserve
You have two choices. And they both are acronyms of the word F.E.A.R.
- Forget Everything And Run
- Face Everything And Rise
Which will you choose?
5 typical fears that entrepreneurs face
The fear of failure stops many people before they even get started. You may still be in your day job and doing okay in your business which may be a side hustle right now.
If this is your fear, you could use this time while you are still working as an opportunity to bank that extra money you are earning on the side to have a safety net of six months’ worth of money in the bank which may give you the comfort level to strike out on your own.
2. The Unknown
Even though you have a great business plan and know your product or service like the back of your hand, there is still the inherent risk of the unknown.
Steven Covey said, “If there’s one thing that’s certain in business, it’s uncertainty”.
Which means that unless you’re a psychic medium you have no way of knowing what’s going to happen in the future. And even mediums are only really accurate about 75% of the time.
3. Feeling like you aren’t good enough, AKA “Imposter Syndrome
Maybe when you were younger parents, family or even classmates may have made you feel like you weren’t good enough to achieve what you want.
Everyone is good at something. For example, a girl in high school may have been the best cook in her home economics class but sucked at economics or math classes.
As an adult she would love to open her own restaurant but fear that she couldn’t handle the business side of things might hold her back from achieving her dream.
Here’s a secret, most successful people have this fear. In the business world people like Sheryl Sandberg (Facebook), Howard Schulz (Starbucks), Arianna Huffington (Huffington Post) have all admitted that they have felt like they weren’t good enough at some point in their career.
You’re not alone!
4. Being Too Late or Too Old
Some people may not take the leap into entrepreneurship because they feel like that ship has sailed for them. That they’re too old.
Some of the most successful business people achieved their best work when they were older. The founder of McDonald’s started that business at the age of 52. Colonel Saunders franchised KFC when he was 62. The Model T was created by Henry Ford at the age of 45.
So what are you waiting for? As the Chinese proverb says, “The best time to plant a tree was 20 years ago. The second best time is now”.
5. Fear of Success, maybe one of the biggest fears that entrepreneurs face
This may surprise you, or maybe not. People may fear success because of limiting beliefs they learned when they were younger.
Their parents may not have been all that well off financially and their way of justifying their place in life was the feeling that people who did well must have done something illegal to earn that mansion or those fancy cars or those ski trips to Switzerland.
Or their parents told them that people like them didn’t deserve to be successful. That they should put up with a limiting job and be grateful. Our parents’ beliefs around money and success can shape us at a very young age.
But you can overcome those fears that entrepreneurs have!
Near the top of the page I said that you have two choices and gave you two acronyms for the word fear. They were “forget everything and run” and “face everything and rise”.
I’d like to share one more acronym for fear with you.
False Evidence Appearing Real
All of the limiting beliefs and fears we have live in our subconscious mind. That programming was installed a long time ago and may be the reasons that you have any of these fears. And that programming may be the reason that you are not as successful as you would like to be.
Fears are learned behaviours. You weren’t born with these fears. You were born with only two fears, falling and loud noises. Learned behaviours can be unlearned. You can re-write your story.
Hypnosis can help you re-write that story. It can help change the underlying reasons why you have these fears and help you be the success that you deserve to be.
Hypnosis can help change that false evidence that appears real and give you the momentum to face everything and rise.
Why not book a free strategy call with me to discuss how hypnosis can help you get on the road to success. It could be the conversation that changes your life!