5 Ways To Overcome Your Fears When Starting A New Business

It’s easy to compare starting a business like moving into a new home. You truly don’t realize how much goes into it until you’re there. Suddenly it’s overwhelming, and you’re walking on eggshells hoping you’re not making any mistakes.  But the truth is, mistakes are how we learn, and accepting them is your first step to embracing the new business adventure you’re on. It’s intimidating and scary, but when has trying new things ever been easy? Here’s a comprehensive breakdown of common thoughts you’ll have when starting a business, and steps you can take to overcome them.

overcoming business fears

  1. “This is unpredictable, and I don’t know if I can handle the instability and insecurity.” Well, you’re not wrong. Of course working a normal 8:00am-5:00pm is going to have financial and mental stability and security. But this is a risk you have to be willing to take short term, for a better result in the long term. This is your chance to get out of your comfort zone, and be the leader you want to be. So roll with the punches; it’s only temporary.
  2. “I have a fear of the unknown.” This is genuinely the root of why all decision making is incredibly hard, whether it’s choosing between two cars or two different sandwiches at the deli. It’s fear of missing out. We always want what we can’t have, and the grass will always be greener on the other side. So ask yourself this; is the potential outcome you’re hoping for worth the risk? Or would you rather be complacent, and regret the decision later? If things don’t work out, remember; it’s not the end of the world. You will find your way.
  3. “Maybe right now isn’t the right time.” Let’s put this into a scenario. Say you’re dating someone, but things aren’t going well, and you don’t know how to break it to them. So you tell yourself “I’ll wait until after that concert we go to next week. Or “his birthday is in a month; I’ll wait until after that.” Truth is, there’s rarely a perfect time for everything. You just have to go for it.
  4. “I don’t even know where to start.” While everyone hopes there’s an answer to this, sad news is there isn’t. The best tip out there is to find someone that’s achieved the goal you’re working towards, and ask for their advice. If you’re just starting photography and have no idea where to begin, network! Try to get as much information as you can. It will provide a clearer outline and give you some piece of mind.
  5. “What if I run out of money?” Wouldn’t it be nice if money grew on trees? Only in a perfect world. In most cases our finances are tight, and the biggest risk starting a new business if the financial repercussions. If you’re worried about your personal investment loss, consider crowd funding or seeking business grants from the government. It’s a process, but if you have enough faith in yourself and your ideas; it will all work out the way it should.

What fears did you have while starting your small business, and how did you overcome them? Share your thoughts!

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