It’s a common theme I hear when I talk to people about plans – fear. Many of us don’t want to face the fact that there’s fear in business. There have certainly been moments I’ve been scared. I’ve looked at how things are developing in my business, I’ve looked at the ways I’ve grown more, and I’ve looked at the future of my business, and I’ve honestly been scared. Fear is common among entrepreneurs. Most people get scared or concerned at some point, it’s normal. But could fear be getting in the way of your plans for your future?
It’s all too common that we see entrepreneurs that don’t fully commit to their plans. They take half-baked actions because they’re afraid of fully committing or don’t give their businesses the resources they need – all because of one big thing, fear. Business is about risk. If you’re doing it right, you’re understanding the risks, you’re controlling your risks, and you’re maximizing your chances of success. But there’s basically nothing you can do in business to avoid some degree of risk. You want to take smart risks, and you want to take the risks for which you’re going to get compensated. You obviously want to get rid of all the risk you can.
At the end of the day, you’re going to have to take some risk. You’re going to end up deploying resources on things that don’t work. You’re going to end up wasting time or end up spending money on failed projects. These are things that are going to happen. We’ve talked entire blogs about it, experimentation and worth in certainly. You need to understand your emotions. You need to understand why you’re feeling fear and then you can start to think about how you can be more successful and how you can do more with your business.
Have you let fear control you and your business? How has fear held you back? What can you do to overcome those fears in the future? Join us in the comments below.
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This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer John Boyer.
About the Author
R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.