February 26 2010
Top 5 Fears Entrepreneurs Experience
Tagged Under : Economic Uncertainty, Fear of Being Your Own Boss, Samual Adams, Your Business Will Consume Your Life
I’ve worked with dozens of potential entrepreneurs over the last 10 years and it’s always the same old song and dance. They continuously think about an idea and research it to death! Now, I am no stranger to this myself. I have been a victim of such fear. When I started my online sports store I spent a year and a half researching it and making sure I knew all that I could know.
Well, guess what? It was one of my biggest mistakes. I should have just jumped right in and got at it. As a result of my inaction I wasted a lot of time because the majority (90%) of the research I did was never used. It meant absolutely NOTHING. Experience is the best learning tool you could ever have. That is why I constantly tell entrepreneurs to dive in head first and learn to swim.
Failure
People get immobilized when they think about failing. Some people cannot face failure head on, but successful entrepreneur’s can! Failing is a part of life. It’s a huge part of finding out what works and what does not work. That is why I tell entrepreneurs to fail as fast as possible so they can find out what is working. The more times you fail the faster you find out what works!
