Do you ever have the feeling that you’re caught in a rut? Do you lack focus or feel that you’re not moving forward? If your business needs that little spark, you can’t seem to break free and enjoy running your business. It’s likely fear that has you paralyzed, but don’t let it keep you from expanding your business. You might be amazed by what you can do.
To conquer overwhelming fears, you need clarity of self-knowledge,direction, and environment. Why is this important? When everything is clear and on the right track, you will do more of the important things you enjoy and less of the unimportant or that you dislike.
Fear is an overwhelming feeling for most people, and it can cause them to accomplish nothing. What’s more frightening is that many small business entrepreneurs fail because they succumb to their fears rather than overcome them.
How Can I Conquer My Fear in Business?
When you’re starting a business, growing it, and moving it to the next level, there is a lot of fear involved. It is something that every entrepreneur must deal with. However, to be successful at any stage of your business, you must confront your fears.
At the age of 27, I felt trapped in a profession that I hated. I had two rental properties and two children. I tried part-time real estate sales and quickly discovered that I couldn’t meet my goal to provide better service and do things correctly.
I went into debt, refinanced my investment homes, and quit my work. Most people thought I was nuts!
Of course, I had fearful feelings. But I learned how to integrate the fearful thoughts and use them to move forward instead of avoiding them.
To conquer fears in business, you must have a well-aligned business, as it also puts you ahead of the competitors and external factors such as the economy. The importance of alignment cannot be overstated in conquering your fear in business. My internal turmoil caused me to spiral out of control and nearly destroy a six-million-dollar corporation.
What Do Business Owners Fear the Most?
Most people will acknowledge that they are afraid of failing if they start a business. In particular, business owners have the following fears:
- Fear of financial failure
- Fear of loss of health, relationships
- Fear of being “not enough”
The trick isn’t to make your fears vanish or to act as if they don’t exist at all. To be a successful entrepreneur, you must recognize, confront, and overcome your anxieties by integrating them, not avoiding them, so they do not rule your life.
Most entrepreneurs overlook the importance of clarity of direction, strategies, and a prioritized action plan aligned with your values. Strategies like using the appropriate technology framework or delegating work you can no longer handle.
How Can I Become a Better Small Business Owner?
The good news is that, because you are the source of your concerns, you can also be the source of their resolution. Here are 23 strategies to help you overcome your fears and become a better small business owner.
1. Writing Can Help You Recognize Your Fears
There may have been instances when you’ve been terrified but couldn’t put your finger on why. You allow your thoughts to determine how you feel if you keep your fears hidden.
To avoid becoming confused in the first place, figure out what your worries are before moving on to figuring out how to deal with them.
Make your private journal, a spreadsheet, phone notes, anything you have on hand. Put your fears into words to validate them. What you can learn about yourself will astound you.
When we don’t accept or even realize our fear, it might lead to various harmful behaviors to prevent achievement. This is why so many people know what they need to do, have the abilities and means to achieve it, but fail to do it.
2. Re-train Your Brain
Another critical fact to remember about overwhelming fear is that it can be unlearned, and avoidance only amplifies fear. Identify the habits you’ve created to keep yourself from succeeding.
Do you run away from opportunities that need you to speak in front of a group? Do you intentionally surround yourself with people that don’t push you to grow? Is it as subtle as a self-deprecating remark when someone appreciates you?
Keep track of these avoidance strategies and take small actions to fight them. Begin with something simple. There are no quick fixes for retraining your brain to embrace achievement, but you can build successful habits.
3. Be In Control
Some will argue that there are some aspects in business that we cannot control, but if you look closely, the problem is just a lack of prioritization and task management.
You may be unaware that you have unclear processes or procedures, do not know what you need to get done, do not get life tasks/financial commitments done, and so on.
Aside from the fear, it can make you feel like you’re playing catch-up, under pressure at the last minute, or like you’re living on the edge. What you need is a clear direction in this situation. The strategy will then be used to establish an environment that supports the actions and tasks in order of priority. You’ll spend your days with high-value activities while ignoring low-value duties.
Finally, instead of your days controlling you, you can take charge of them! Prioritized productivity allows you to save time and get closer to your final VISION.
4. Educate Yourself
The more you learn about the industry, your company, and the startup process, the less intimidating it gets. The goal is to become familiar with all of the stages involved in beginning a business and to become knowledgeable about your company’s aspects.
Fear typically stems from a lack of knowledge about what is ahead. So the more information you have, the more confident you will be in pushing through.
5. Don’t Doubt Yourself
You know how it feels to be overwhelmed as a small business owner. You have so much to do, yet there never seems to be enough time in the day to complete it all. It’s all too simple to start doubting yourself and your business ability.
Fear might prevent us from taking moves ahead or pushing past our comfort zones to accomplish greater achievement.
6. Remember Why You Want to Establish a Business in the First Place
Having a larger, overarching vision for your life and business is important. Knowing why you want to be a business owner will help you assess your readiness for the long hours and financial commitment that owning a business entails.
- Why are you in business?
- Why do you want to be successful?
- What do you want your life to be like when you’re successful? How will your business serve that?
- Why is this business important to you?
A clear, compelling vision will accomplish this.
7. Success Means Change
You can always go back to what you know if you attempt and fail. You return to your comfort zone.
What if you succeed? Then everything changes.
Be aware of that and include a plan to move through the discomfort of change. It does not mean you are not good enough or capable.
8. Develop a Network of People
You can’t always do everything on your own. Finding like-minded people you can trust and count on is one of the most effective ways to overcome fear. Look for folks who understand what you’re going through and who you can trust to be on your side.
The only way to develop in your profession, no matter what industry you work in or your ambitions, is to help and accept help from others.
Seek out people who are now in the role you wish to be in and talk to them about it, whether it’s setting long-term objectives or refocusing your vision. You can consistently profit from tapping into your network at any point in your process.
When things get tough, your network can help you stay afloat. They can provide you with advice, open doors for you, or connect you with others who can assist you. More significantly, they can communicate with you and listen to you when your fears and questions arise.
9. Make an Effort to Find or Create a Supportive Environment
Delegating to the right people relieves stress and overwhelm.
You’ll be relieved to know where you’re going, what your environment should be, and what kind of help you’ll need. The pressure and stress will be relieved by clarity. You will have self-assurance. You’ll feel more focused and motivated as you work to create a welcoming environment for your company. Your clientele, referral partners, and leadership team will notice your shift in enthusiasm.
10. Proper Delegation
Work is not completed correctly or on schedule, causing problems with customer relationships. You wind yourself doing the same task that you had delegated, resulting in unnecessarily increased expenses.
You will not hire by chance or because your brother is looking for work. You’ll know what roles you’ll play and what you’ll delegate far ahead of time. You’ll be able to develop and update job descriptions, as well as onboarding and training. You’ll have established clear expectations, policies, and processes aligned with your vision, strategy, and plan.
Delegation that is done correctly helps your team members grow their ability and feel valuable to the organization. It also promotes job satisfaction by instilling a sense of shared responsibility and breaking up the monotony of a subordinate’s daily tasks and routine. Plus, it relieves you of effort, allowing you to focus on other vital responsibilities.
11. Be Your Advocate
Many people, regardless of their abilities, never advance in their business. There are a variety of causes that contribute to this, but most of the time, it is due to their failure to advocate for themselves. They either hold back their advancement or wait for someone else to push them. Your self-advocacy should be your first line of defense.
Many of the suggestions above require the help of others, but for them to work, you must first take the first step: set your goals, begin studying, and connect with others.
12. Keep in Mind That You Are Not Alone
Any form of fear can be isolating. And, as entrepreneurs, we are expected to strive for success at all times. This is why, in a professional setting, the fear of success may be humiliating and even painful.
While you can identify and overcome your fear of success on your own, it’s never a bad idea to seek assistance. This isn’t the first time it’s happened, and it won’t be the last.
Contact a mentor to talk about your anxieties and hold yourself accountable for taking measures to overcome them. Enlist the assistance of others to help you overcome obstacles or complete tasks. Being overwhelmed by your thoughts or a mound of to-dos can sometimes contribute to the tension and anxiety that comes with achievement.
13. Remain Focused
Make sure you don’t get sidetracked or distracted. Align activities by being completely objective about the tasks one performs. Connect tasks to a larger goal based on values.
To build a business that is completely aligned with you and your life, you must have a clear vision, a strategic plan, and specific, prioritized, executable goals. Because you’ll be living up to your highest principles, you’ll have inner motivation and drive, which boosts your energy, concentration, and happiness.
14. Recognize That Making Major Decisions Can Be Difficult
It’s natural to be worried and feel some tension and worry when you have an important decision to make. This is why some people invent reasons to turn down fresh possibilities. It’s easier (for now) to turn down an opportunity than it is to deal with stress.
Ask yourself the following questions the next time you have to make a career pivoting decision:
- Is this what you want?
- Are these the people you’d like to work with?
- Is it the direction you want for your company or career?
15. Stop Trying Everything
What does this have to do with your fears? If it doesn’t work out, you’ll feel like you’ve wasted your time, money, and effort, and you’ll begin to question your choices.
It’s not about adding more stuff to your business. Most of what you’ll need is probably already in your hands, and everyone has unlimited resources at their disposal. However, if you’ve never used the previous shiny lure, the following one won’t function any better than the previous one.
16. Concentrate on Your Necessities
There are some necessities that you need to make non-negotiable:
- Eating for energy
- Exercising for stress relief
- Meditating for highest-level thinking
- Checking in weekly with your most critical connections
Investing in those “piggy banks” will supply you with the insights, energy, and support systems you will undoubtedly require as an entrepreneur.
17. Find Some Peace
It may appear trendy, yet meditation has been a powerful tool for calming the mind and reducing stress for thousands of years. Begin by sitting still for five minutes, and count your breaths or use a background noise app on your phone.
18. Keep Your Expectations in Check
When your expectations are too high or too low, fear sets in. Have a stable business and personal financial plan and methodology for reporting and projections to keep your expectations intact. You’ll get more and better customers. Since you’re dealing with ideal clients more frequently, you’ll get more repeat and referral business.
You’ll have faith in your ability to attract a large volume of business. You’ll feel safer knowing that you have enough reserves in your business and at home.
19. Take Breaks and Workout Every Day
An entrepreneur’s mind, body, and soul can be ravaged by stress and anxiety. It’s critical to exercise self-care regularly. Listening to music, exercising, eating a healthy diet, and taking long walks are all beneficial.
Take a break if you’re feeling overwhelmed by the prospect of launching a project with your new client or if you have any remaining reservations about the journey. Go out, spend time with your family and friends, relax, and find another way to pass the time.
Allow yourself a few hours, if not days, to enjoy life without the stress of attempting to launch a business.
Get your mind out of the way and get into your body! Sweating for 20 minutes is the most effective approach to relieve stress. Find time to exercise no matter how busy you are. You will notice a boost in productivity after 30 days.
20. Maintain a Positive Attitude
Many individuals ignore the significance of emotional business management, which is critical to your success and well-being. Invest in people and activities that will aid you with your thinking regularly, and develop everyday habits that will help you stay positive.
21. Align Your Objectives With Your Available Resources
Choose a business that has fewer risks, mainly if you have limited finances. If you have bad credit and no savings, don’t start an organic cleaning product that will cost millions to produce and advertise.
22. Have Faith in Yourself and Your Company
Fear arises when you are uncertain, which causes you to doubt your abilities and your company’s value. You start asking yourself, “Can I do it?” and other such questions.” or “Will my company’s concept succeed?”
Shake off all of your doubts, refocus your thoughts, and trust that your company fills a need. Your confidence in yourself and your business will rub off on others, causing them to become believers as well.
23. We Can Sabotage Our Most Success Without Even Knowing It
Recognizing the fear of success and understanding that it affects most people is a crucial first step. If you’ve made it this far, you already know that knowledge is half the battle.
Don’t Forget: Connect With a Mentor
You should never forget to connect with a good mentor as they will help identify aspects of your career that you may explore, highlight chances that you may have ignored, and establish vital industry links.
If you’re seeking a mentor, look for people whose careers you desire to adopt, and listen to others whose messages you find compelling. Your mentor may already be a member of your organization, or because the world is more connected than ever, it could be someone from outside of it.
If you believe you’ve found a prospective mentor, invite them out for coffee or send them an email. I have personal experience with how other people’s support has helped me in my life.
The Bottom Line
Understandably, you’re feeling overwhelmed in today’s world, with so many anxieties and uncertainties correlated with managing a business. We all have our particular problems to tackle each day, whether it’s a fear of failure or losing control. However, as a small company owner, there are several steps you can take to overcome your worries and take control of your budding business.
One thing that every entrepreneur has in common is a fear of the unknown, but it doesn’t have to stop there. We need to do something about it. Your fear is most likely the result of a lack of clarity of self, clarity of direction, and clarity of environment. What you need is internal and external alignment in those important areas.
Stop wasting your time and energy on things that don’t work. Take a look at the programs and set up a free strategy session. Let’s talk about it!