What Is Keeping You From Starting Your Own Business?

Retro style image of a rustic wooden sign in an autumn park with the words Courage - Fear offering a choice of reaction and attitude with arrows pointing in opposite directions in a conceptual image.
Starting a personal business is one of the financial dreams that many people wish could come true. Although most people think that it is the lack of resources, a complex market situation, or some other significant factor that stops them from initiating their own company, the most potential element is actually themselves resisting to get into entrepreneurship. In essence, the only thing that can hinder you from starting your business is YOU!

This is because entrepreneurship begins with taking calculated risks, accepting responsibility, and striving for turning the idea into reality. Until and unless you do not take a smart risk, you cannot initiate a business.

There is no perfect or ideal time for starting your business. Rather, you have to find the time to start it regardless. You don’t need permission form anyone. You are the only obstacle standing between your idea and its fulfillment. And, you are the only person who can turn your idea 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, and a photo studio. Here are the five most common, yet biggest fears most people face that you must overcome to effectively land on the road to entrepreneurship.

1. 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. 

In order to overcome this fear, you have to redefine the meaning of success. You have to realize that a decent job with handsome pay and so-called financial security with employment is not the definition of success. Rather, chasing your dreams and achieving your goals is a real success. Once you realize it, you will begin working towards your dream instantly.

2. Inadequacy

There may be a voice in your head repeatedly telling you that no one would take your idea seriously. Rather, your idea is a poor thought that can barely produce fruitful results. Also, the voice may be reassuring you that your current job is a necessity, at least for now.   

To conquer the fear of inadequacy, spend time with entrepreneurs who are naturally confident and go through their past and present successful biography, telling you how they transcended their fear. You will know that successful entrepreneurs think of success, networking, and confidence instead of feelings of inadequacy, insecurity, and unworthiness which is common with others who only dream of having a business. Once you realize the truth, your fear of inadequacy will diminish, thus starting your business will become easier for you.

3. Humiliation

The fear of ridicule and rejection can be more damaging than the fear of failure. Being anxious 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 idea and efforts instead of criticizing you for your bold step. Also, many people will rally to join your venture.

4. Poverty

Poverty is another big fear stopping you from starting your business, especially with individuals who have grown up in a poor family and feel worried that they would stay poor if they do 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 have to sacrifice something to ‘gain’ something. A closed fist cannot hold anything. You must open your palm to get anything special.

5. Separation

The self-contemplated sense of separation from your resources, as well as even very 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 and then you will find many other following 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 as well as bad times, it will certainly help you in fulfilling your dream. With that in mind, take the first step!

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