Starting a personal business is one of the financial dreams many people wish could come true. Most people think the lack of resources, a complicated market, or other factors stop them from initiating their company. The most potent element is their resistance to get into entrepreneurship. The only thing that can hinder you from starting your business is YOU!
This hesitation is because entrepreneurship begins with taking calculated risks, accepting responsibility, and striving to turn the idea into reality. Complete Controller can help keep you on the path to success with your small business. Take a look at all our great articles in our blog.
There is no perfect or ideal time for starting your business. Instead, you have to find the time to create it regardless. You don’t need permission from anyone. You are the only obstacle standing between your idea and its fulfillment. You are the only person who can turn your vision into reality and build a business you have always desired.
Consequently, there is no reason to wait for someone else to start your business, such as a digital agency, a bookkeeping and taxation firm, a bookstore, a real-estate company, or a photo studio. Here are the five most common yet biggest fears most people face that they must overcome to effectively land on the road to entrepreneurship.
Fear of Failure
According to psychologists and mind experts, the fear of failure is more bitter and unbearable than the loss of autonomy and the fear of separation. It is one of the leading factors stopping you from starting your business.
To overcome this fear, you have to redefine the meaning of success. You must realize that a decent job with handsome pay and so-called financial security with employment is not the definition of success. Instead, chasing your dreams and achieving your goals is a real success. Once you realize it, you will begin working towards your vision instantly.
Inadequacy
A voice in your head may repeatedly tell you that no one would take your idea seriously. Instead, your idea is weak and can barely produce fruitful results. Also, the voice may reassure you that your current job is necessary, at least for now.
To conquer the fear of inadequacy, spend time with naturally confident entrepreneurs and go through their past and present successful biographies, telling you how they transcended their fears. Successful entrepreneurs think of success, networking, and confidence instead of feelings of inadequacy. Once you realize the truth, your fears will diminish; thus, starting your business will become easier for you.
Humiliation
The fear of ridicule and rejection can be more damaging than the fear of failure. Anxiety about what others will think and how you could be embarrassed is another factor stopping you from starting your business.
Once you start taking steps towards initiating your business, you will be surprised to see that people will incredibly encourage and support you. They will appreciate your ideas and efforts instead of criticizing you for your bold steps. Also, many people will rally to join your venture.
Poverty
Poverty is another fear keeping you from starting your business, especially those who grew up poor and worried they would stay poor if they did not have a secure job. For them, compromising on the job is like inviting poverty into their life.
To overcome the fear of poverty, you must realize that you must sacrifice something to ‘gain’ something. A closed fist cannot hold anything. It would help if you opened your palm to get anything special.
Separation
The self-contemplated sense of separation from your resources and even close relationships for working towards your dreams is another factor stopping you from becoming an entrepreneur. On the contrary, starting your business begins with taking the first step alone. Then, you will find many others following in your footsteps. Remember, even if your first attempt to fulfill your dream fails, you will know who your real friends are and see the true face of life. Once you know who is always with you, equally in your good times and bad times, will undoubtedly help you fulfill your dream. With that in mind, take the first step!
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
