Top Ten Fears of Starting a Business

Most people have fears about starting and maintaining a business. Fear will cause you to procrastinate and constantly put things off, including starting a business. If this happens, eventually you will find out that anything you start you never finish. It is important to deal with your fears so that you can get things accomplished and be able to move on with your life.

Listed below are the top ten fears people have about going into business.

1) Lack of financial resources such as obtaining loans


2) Record keeping and taxes


3) Lack of self confidence


4) Lack of self-esteem


5) Finding trustworthy employees


6) Business Failure such as bankruptcy


7) Security


8) Lack of knowledge on starting a business


9) Rejection such as too much time away from family members and friends


10) Long hours/hard work

Just like anything else that you are afraid of doing, you will stay away from it. For example, some people are afraid to fly so they stay away from airplanes and they use other means of transportation to get them where they want to go. Even though it takes them longer for them to get to their destinations, the fear of flying keeps some people from boarding an airplane. A few people do get enough courage to face their fears' head on and take that first airplane flight, while many others don't because of fear. Those who take their first flight will say later than it was not bad at all and that they do not know why they were so afraid to fly. What I am saying is that your "fear is real" and it can stop you from doing a lot of things including starting and running your own business.

Make a list of the fears that you believe have caused you to put off starting your own business. Once you have control over your fears, you will be more successful with starting and managing your business.

Are you interested in starting a business?

To the new and experienced entrepreneurs, getting help with your small business is very crucial to your success. Getting the right help will cause you to avoid costly mistakes, and it can also help you to save a lot of time, money and energy. You will need to get the right help to form the legal structure of the business, financial, management, procurement/certification, marketing, pricing products, preparing a business plan, and more. If you are a business owner who is wondering if you can take your business to new heights, contact Dr. Waters at tina.waters@waienterprises.com