How To Deal With Fear Of Failing In Your Business Journey
Updated 02 May 2021
Introduction Accepting defeat is the same as giving up, and that can hinder the progress of a business. Every business is on a journey, and the destination is usually unknown because some challenges can kill a business. Today, most big companies are known worldwide because they passed through many challenges; this could be disturbing to some entrepreneurs who are not ready to go after what they want for their business. Understand that failure can happen to any business. Some companies could fold up because of this. But the ability to stand tall in times of challenges is when the skills of a good entrepreneur manifest. Some restaurant companies had their products in the news as harmful, but they took the challenge to ensure that their food is as healthy as possible. Even though they lost a lot of money, they still love their customers and put them first in their decisions. And today, most of those restaurant companies are succeeding and making a profit. Understand that your mindset determines failing or succeeding. People can say whatever they want, but what you say is what matters; people can call you a failure, but you have to believe you are not a failure; that’s what matters. Many people have their opinions. They will always want to pass it across, but you can decide to reject or accept it. People usually don’t care about how you feel, but they want you to care about what they think and feel. As an entrepreneur, you are on a journey alone, and you decide who can join you; not everybody should be allowed to follow you; they might not be as inspired or focused as you. And they can easily influence you to join them. That can divert your attention from what you want to achieve as a business person. When you choose to start up a business, you attract bills. And depending on the startup, the amount you would have to pay every month differs. For those who go into business and have a physical location, one of their monthly troubles is to pay the rent. Time flies by so fast, so you can see there’s no need to keep friends that cannot help you; all they want is to party all night. As a business person, that distraction is what you need to cut or take out from your life. Focus on your business because when the bills come, you’ll have to pay.
1. Be Optimistic Whenever you venture into something, just believe there will be positive feedback. However, it might not be the case. Still, it makes you hope for the best in your endeavors. Dream for the best; take out negative people around you. Have faith that you will have one of the most successful businesses in the world. If that is your dream, you have to believe it and chase it because it will not happen if you don’t.
2. Never Give Up Spirit Many people could easily give up when they are chasing their dreams. Maybe it’s because they don’t have enough capital or their customers do not like them anymore. They feel that business is no longer profitable, so there's no need to stay in it. But unknown to them, the company might have become one of the biggest in the world if they were a bit patient. You never can tell until you try. You never know the outcome. Most founders did not know that their company would grow to where it is today.
3. Plan Better Without a plan, it is just a wish or dream. Action is needed to bring what you think to life; you cannot keep hoping for years and do nothing and expect something to happen. The fact is that if you do nothing, nothing will happen. Understand that action is what defines what you wish for; you learn as you go. You keep getting better at making decisions that can help your business. A good idea can sit on the shelf for many years or forever. Make use of what you know so that you can grow your business.
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