By Young Enterpreneur Council
Every company and entrepreneur faces obstacles on their way to success. No matter how much effort is put into risk assessment and management, the reality is that the unexpected occurs — whether it’s a disaster or some other problem that takes time to overcome. As an entrepreneur, I’ve seen these situations happen.
What happens as a result can be summed up in a four-letter word that then becomes the largest obstacle of all to overcome. That four letter head is “fear“ and it’s something all entrepreneurs need to work through. Otherwise, they risk sabotaging themselves, their businesses and their success.
Fear appears in the minds of enterpreneurs for many reasons. It could be fear of failure, fear of losing capital, fear of putting themselves out there, fear of losing their hard-earned reputation, or fear of leaving behind a stable paycheck and going into the unknown.
You may be wondering why you would do something associated with any of those fears. However, if you want to continue as an entrepreneur, it’s critical that you find a way to work through these worries.
Here are three things you can do to start the process of working through fear so you can release your full potential.
Start small Rather than focusing on the things you fear, concentrate on the little successes you’ve been able to achieve to date. One of my favorite examples of what I mean by this is James Watson and his discovery of the structure of DNA alongside his research partner, Francis Crick. Although it sounds large — and it is — the key here is that they could have stopped every time they had a setback on the way to this discovery.
But, they didn’t because it was the small steps toward progress that kept them going. As they built the model with each step, they could see it take shape. Each of those steps led them to the final model. If you want to understand that more, I highly recommend you read Watson’s memoir, The Double Helix.
Apply that same idea of small steps to whatever you are building as an entrepreneur. For me, I built a car wash. If you can believe it, that little success served as the catalyst for my current endeavor.