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When I transitioned from an employee to an Entrepreneur, I had variety of emotional conflicts that prevented me from taking consistent action to operate my business. I am sure you can relate to this feeling. From my coaching experience I learned that the emotional conflicts arose due to fear.Apart from having several fears, the following three types of fears made a huge impact on an Entrepreneur
Three Major Fears That Affect An Entrepreneur
Fear of loss: As an employee, we were bound by certain rules and regulations of the employer. As long as we followed these rules and performed well, we got paid. Our regular paycheck motivated us to work consistently. However as an Entrepreneur, you are your own boss. Even though initially you may feel very good to be your own boss, you must be prepared to pay for your mistakes and poor judgments with your own money with a possibility of incurring a loss.
Fear of failure: We are mentally programmed to think that having a job is secure (which is not completely true). Hence when we lose our job, we tend to feel helpless. When you operate your business, fear of failure is stronger because you put your reputation not just with one employer, but with each new customer.
Fear of Rejection: In a job you, as an employee normally work with your boss, peers and subordinates. As you get to know them gradually, there is hardly any fear of rejection. However when you operate your business, you must find ways to market effectively. You will have to contact several prospects/ potential customers/Service Providers. Not all of them will say yes to your services or product. Hence you must be prepared to face the fear of rejection.
Action Points For A Frightened Entrepreneur
It is very important to become AWARE that these three fears can affect you as an Entrepreneur and eventually, the growth of your business. Once you are aware, you can make a decision right now to take consistent action to conquer these fears. It could be by way of reading an empowering book or listening to an audio or getting Coaching or doing activities that can help you become a courageous and empowered Entrepreneur. I invite you to leave your comments.