How To Deal With Fear Of Failing In Your Business Journey
Updated 08 December 2020
Introduction Accepting defeat is failure 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 or make a business, most big companies today became known all over the world because they passed through a lot of challenges, this could be disturbing to some entrepreneurs who are not ready to go after what they want for their business. Understand that what looks like failure can happen to any business, some business could fold up because of this, the ability to stand tall in times of challenges is when the skills of a good entrepreneur comes in, some restaurant companies were accused of some ingredients that made a lot of people sick, but they took the challenge to make sure that their food is as healthy as possible, even though they lost a lot of money, but they love their customers and put them first in their decisions and today most of those restaurant companies are succeeding and making profit.
Understand that failure is the mindset and people can say whatever they want, but what you say is what matters, people can call you a failure but if you believe that you are not a failure that is what matters, so many people have their opinions and they will always want to pass it across but you can make a decision to believe or accept their opinions or to discard them. People usually do not care about how you feel, but they want you to care about how they 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 like you and they can easily influence you to join them and that can divert your attention from what you want to archive as a business person.
When you choose to start-up a business, you attract bills and depending on the startup, it shows the number of bills you would have to pay every month, those who go into business and have a physical location, when renting a store one of their monthly bill is to pay the rent and time flies by, so you can see that there is no need to keep friends that cannot help you positively, all they want is to party all night, as a business person that distraction is what you need to cut or take them out totally from your life and focus on your business, because when the bills comes by, you have to pay.
1. Be Optimistic Whenever you venture into something just believe that their will be a positive feedback, it might not be the case, but it makes you hope for the best in your endeavours, dream for the best, take out negative people around you, have faith that you will have one of the biggest business in the world, if that is your dream, you have to believe it and chase it, because it will not happen if you do not chase it and give it your best.
2. Never Give Up Spirit Many people could easily give up when they are chasing their dreams, maybe because they do not have enough capital or their customers do not like them anymore and they feel that business is no longer profitable, so there's no need to stay in that business, but unknown to them that the business would have been one of the biggest in the world if they where a little patient, you never can tell until you try, you never know the outcome or the end, most company 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 of 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 and you keep getting better in making decisions that can help your business, a good idea can sit on the shelf for many years or forever if it is not put to work, so make use of what you know and take actions that can help your business, there are negative actions, which could be not taking actions at all or not making good decisions to grow your business.
Do not take any advice you find on this website or on any material of thePAYEE as a professional advice. Before any action on your side, talk to your financial advisor for directions. Information on this website or on any platform that represents thePAYEE, could be opinions for educational purposes. The display of third-party trade marks and trade names on this site does not in any way indicate affiliation or endorsement, we may be paid commissions from partners. We can allow ads and affiliate offers to be showed to you.