7 Top Fears that Can Kill Your Business!

Courage - Fear signpost with forest backgroundFear is the enemy of entrepreneurs. When you feel afraid, your brain freezes and you can’t think straight.  When you feel afraid, you tell yourself things that aren’t in your best interest. When you feel afraid, you get stuck and you can end up creating exactly what you feared.  I know because I’ve been there. Everybody feels afraid at times.

You might feel afraid when trying a new task or  putting yourself out there where people can criticize you or your work.  And, nobody wants to feel humiliated or rejected.  But, staying where you are is not an option because you will never reach your goals if you don’t take risks.

So, let’s look at the top 7 fears that hold entrepreneurs back.

1. Not believing in yourself. If you don’t believe yourself, it feels impossible to get anything done. When I started my business, it never occurred to me that I wouldn’t be successful so I just jumped in and success came very quickly. But, then the recession hit, the Internet changed, and I failed a lot. So, I kept learning to learn what was working. I also had to decide what it was I really wanted to do and be honest about my skill set. There were times when I thought it would never get better.

But, I kept going anyway and guess what….it did get better! And as it got better, I became more confident again.  Too many people thing they need confidence first and then they will move forward, but it doesn’t work that way.  You have to have enough faith to take action and if you enjoy it, the confidence will come. If you don’t enjoy it, congratulations, you’ve learned what you don’t want to do, so try something else. Be persistent and eventually it will fall into place.

2. Needing to be perfect. One of the great lessons for me has been learning that I don’t have to be perfect to be a leader.  In fact, people want to know that you are real, that you have flaws and that you have succeeded in spite of them because it gives them hope that they can too.  It also takes some of the pressure off when you know that you can make mistakes and still be successful.

If you don’t believe me, I’d like to share a true story with you.  Early on in my career, I had the opportunity to interview a well-known publicity expert. I was using Instant Teleseminar, and I didn’t really understand how it worked yet. When you want to do an hour call, you are supposed to set it for 1 1/2 hours so you don’t get cut off, but I set it for an hour, and it shut off before we were done.

This expert started screaming at me thinking that nobody could hear us, but everyone was listening. He tore into me so bad, I thought I would never recover. But, you know what happened?  My listeners thought he was the biggest jerk ever and rallied to my side. And I’ll bet they NEVER bought anything from him ever again! But, some of them are still subscribers, clients , and even friends of mine to this day!

3. Thinking you lack enough experience and knowledge to get started. When I got on the Internet, I must have listened to hundreds of free calls! I also started taking classes, and I hired a coach. My background was as a copyeditor and layout person before I went into the music business and became a Grammy-nominated songwriter, so I had skills. I started by doing what I knew: writing copy and editing.  But, I learned very quickly that I didn’t like doing it as a full-time job for two reasons: 1. It wasn’t duplicatable and 2. Most people who hired me didn’t have a clue about what made good copy, and I got tired of trying to convince people that they needed copy that sells regardless of their personal opinion.

About that time,  I was writing my first ebook, and when I didn’t find a writing coach who taught what I wanted to learn, I decided I could do it better and I would become one. In fact, I became the very first ebook coach in the world! I spent about $15,000 right off the bat learning, and then my Internet coach said to me that it was time for me to stop learning so much and start teaching.

I thought he was crazy. Who was I to teach? But, then he said something that made a lot of sense to me. He said that I only had to be one or two steps ahead of my clients to teach. So I did, and I made $13,000 in my first 6 weeks and went on to make a 6-figure income in 2 1/2 years and train many other coaches and experts, some of whom are now millionaires!

4.  Believing failure is fatal. It isn’t! Now, nobody likes to fail, but the truth is that you have to fail to succeed. I know it sucks, but that’s just the way it is.  Michael Jordan said it best, “I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game-winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.” Just accept failure as part of the process and remember that failure is the key to success!

5. Afraid you don’t have enough time to get everything done. Everyone has the same amount of time in a day, so why do some get everything done that they want to do and other’s don’t? I believe there are three reasons why this happens. 1. They don’t know what they want so they don’t go after it. 2. They don’t set priorities.  3. They don’t outsource the tasks that are not their money-making endeavors and 4. They don’t have the right mindset so they always feel overwhelmed and feel like they are in a hurry to get things done when in fact you have to slow down to speed up success!

6. Afraid that you don’t have enough money to do what you want to do. Getting the money to do what you want to do can sometimes be a challenge, but it doesn’t have to stop you from moving forward. First, check out the free resources that are available.  Then, figure out what you can do and what you can outsource. (You may be thinking, “I don’t have money to outsource!”) First, of all, it can be a lot cheaper to outsource than you think, and there are ways to get around having to use your own money.

Hire someone on fiverr.com to help; hire a college student for credit; or hire an intern. Barter or start a crowdfunding campaign. Get sponsors. Think outside the box, but don’t give up. Or, start small and go from there. For instance, write a book and only publish it as an ebook to save money.  Do a small offer on JVZOO and get affiliates to help you grow a list and your money.

And don’t believe for a minute that you are the only one going through this. I once heard Frank Kern talk about how he wanted to start a membership site and it was going to cost a lot of money and he wasn’t even sure if it would do what he wanted it to do. He was just about to give up, but then decided to make his offer without building a membership site, and it brought in a million dollars!

7. Fear of rejection. A lot of these fears overlap. For instance, maybe you don’t want to reach out to get the money you need because you don’t want to be rejected. Or,  you are trying to be perfect because you don’t want to be rejected. Let’s face it, rejection hurts! But, the truth is that when you are confident in yourself and your abilities, you come to realize that not everyone is going to love you or want to help you and that rejection is just part of the game.  Mark Victor Hansen and Jack Canfield were rejected 144 times with Chicken Soup for the Soul.

Learning to handle fear is one of the most important things you MUST do to be a successful entrepreneur! Handle your fear and miracles will happen!

To learn more about fear and how to get rid of it once and for all, listen to:  How to Get Clear of Fear. To register, go to: www.bestsellerbusinessblueprint.com/clear-fear

Ellen Violette is a book-creation, book-marketing, & business coach. She is a 6-time #1 Bestselling author and creator of the Bestseller Business Blueprint. Ellen is also a 2-time eLit Award winner, recipient of the “Be the Change” Award, and a Grammy-nominated songwriter. She creates book and business strategies using publishing and content marketing for thought leaders, coaches, independent professionals, speakers, and authors. To learn more go to: www.BestsellerBusinessBlueprint.com and register for a FREE PDF “11 Steps to Getting Bestseller Ranking in Kindle With Your eBook”.

 

 

 

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