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4 fears that prevent you from starting your own business

Starting your own business sounds great until you think too long and hard and feel bogged down by all of the things that could go wrong. While 70 percent of Americans aren’t engaged in what they do daily for a living; it’s nerve-racking to leave a stable job with dependable income and vacation time. If the years continue to go by and you know that the eight-to-five day in the office isn’t for you, it’s time to revisit the idea of starting your own business. Here are 4 of the biggest fears to overcome to make your pipe dream a reality.

Failure

This is a really common fear that prevents eager business owners from leaving their day job. It’s not easy to put everything you have – your hopes and dreams and finances – all on the line. No one wants to invest everything in a business and have to suffer through it crashing and burning. Fear of failure is scary and not easy to overcome. Redefine success to conquer your fear of starting a business. Maybe you feel that success is trying new things, and being complacent is failing. If that’s the case, staying put at your current job is actually failure. Remember that there are social marketing tools and apps to make your life easier – you just have to take advantage of them.

Feeling incapable

Starting a business is a lot of work. It requires you to get your business license, register your trade name, complete necessary tax forms, secure funding and more. It’s often quite overwhelming, and all of those “musts” can make an aspiring business owner’s head start to swim. If you’re really contemplating starting your own business, don’t let these details deter you. Take one thing at a time and be patient. If you have trouble securing a bank loan, opt for personal loans with guaranteed approval. Prepare and condition yourself to be flexible; you’ll find flexibility is a key part of starting your business, and also a key part of successfully running it.

Inadequacy

If you hear a little voice in your head telling you that no one will take you seriously as a business owner, tell it to back off. While it may seem that other colleagues and business owners are naturally confident and born for success, that’s not true. There are times everyone feels insecure and inadequate. Learn to deal with these feelings so you can push yourself to go far professionally and grow your business quickly.

Humiliation

The fear of rejection can be just as strong as the fear of failure. It’s natural to feel anxious about what others think of you; don’t let made-up embarrassments limit what you do. It’s easy to say, but don’t worry what others think of you. There’s an excellent chance that your family and friends will be beyond supportive and encouraging and root for you every step of the way.

There is no denying that your life will change significantly when you make the leap and start your own business. Recognize that you have what it takes to run a successful business and that you owe it to yourself to give it a try. There is no one holding you back but you.

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Megan Totka

Megan Totka is a freelance writer, business expert and consultant. She was the marketing & editorial director at ChamberofCommerce.com for over a decade. As a business expert, she specializes in reporting the latest business news, helpful tips and reliable resources, as well as providing business advice. She has significant experience with the topic of business marketing, and has spent several years exploring topics like copywriting, content marketing, list building, social media and any hot topics to help businesses run their business successfully. When she's not writing articles to educate businesses on the vast importance of building up their web presence, she likes to keep her finger on the pulse of the latest small business products, services, apps and other reviews. With a strong suit for managing business partnerships and developing partner relations, she often cultivates topics around the partnerships she's established by reviewing and highlighting what makes each business unique. She prides herself on keeping up with the diverse variety of services each business specializes in to spotlight new offerings.

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