Dealing with Fears and Failures as an Entrepreneur
I don't know about you but being an entrepreneur and trying to start your own business is really hard. It's one of those things that, after you put in all this time and energy, and you see little to no results it can get... depressing to say the least.
I don't want this to be a debbie downer type of post, but instead, I would like to encourage you when you are feeling a little depleted, a little down, and maybe even dealing with the fear of putting something out there...
This is for you.
Here are some reminders to keep your head up and keep going. Trust me, this is for me just as much as it is for anyone else :)
Failing in Business is Inevitable
Its just a fact that you will get rejected at some point in your business. Business visionary Elon Musk said, “Failure is an option here. If things are not failing, you are not innovating enough.” (source)
Failure is a given when trying new things, attempting something you’ve never done before and taking a risk. Take inventor Thomas Edison who attempted to create the light bulb and after 10,000 tries, he finally succeeded. And he said, he didn’t fail 10,000 times, he found 10,000 ways that didn’t work. It’s all about perspective and perseverance.
For me, I'm prepared to fail. Not that I want to or I'm planning on it, but I'm prepared for when I don't get the response I was hoping for or a few leads don't pan out. I try to keep a futuristic mindset, meaning I know what I want for my future so it's worth it to press on, keep trying new things and continue to make things happen.
Resolve to keep moving forward.
Despite what people say or think, you must make a commitment to yourself and your dreams that you will continue to press on working toward a life you want and the goal you’ve set for yourself.
Don’t put all your self-worth into your business
There must be a boundary from where you and your business meet.
It’s easy to get completely wrapped up with “your baby,” –this wonderful and challenging rollercoaster that is business.
But you must differentiate yourself from where you and your business meet.
Even if you have a personal brand, you must separate your self-worth from the success or failure of your business.
Just because you succeed doesn’t mean you’ve arrived, and just because you fail doesn’t mean you’re done. Continue on in the knowledge that you have something great to give others and you must give it to people who need it.
Feelings won’t last forever
Feelings are fleeting.
If one minute you feel elated by a compliment you can just as quickly become discouraged by a backhanded remark. Take feelings for what they are: fickle, fleeting, and fluctuating. They are not truth and they are not going to last forever. Remain grounded in yourself, who you are, and the greatness you contribute to the world.
The key to overcoming these fears and feelings is to keep going.
As Barbara Corcoran said, her most successful employees are the ones who get up faster after rejection.
The more you pivot, the more you have a chance at succeeding said by Entrepreneur on Fire Founder, John Lee Dumas.
Don't be afraid to fail, and don't be afraid of fear. Those feelings and fears come with the territory. It's all about continuing on knowing who you are, what you're passionate about, and what you can give the world.
Keep Humor Alive
You just have to laugh sometimes. It's tough enough as it is, with all the stress and worry to drag you down. Sometimes you just need to relax, laugh a little, and take a deep breath. I keep this little quote in my planner and it always makes me laugh. I reference it to business.
I just think that how it is sometimes. You hate one thing of your business, you love another... One minute you're in the depths of despair the other minute you're on cloud nine. Keep those emotions in check.
How are you doing in your business?
Do you struggle with the fear of failure when you're about to do something new?
What strategies do you use to overcome fear?