Tweet

Are You Afraid Of Home Based Business Success Or Failure?

Written by: Chris Simpson

Article Overview: When you start a home based business, two things happen. First, your nerves fire up and let you know what losing sleep feels like. Then comes the second part; a fear of failure. The nerves can be calmed with time and a few deep breathing exercises. But how do you deal with that nagging fear? Here are a couple of tips to get you through it.

Are You Afraid Of Home Based Business Success Or Failure?

When you start a home based business, two things happen. First, your nerves fire up and let you know what losing sleep feels like. Then comes the second part; a fear of failure. The nerves can be calmed with time and a few deep breathing exercises. But how do you deal with that nagging fear? Here are a couple of tips to get you through it. Fear of failure -

At the beginning, there will be doubts and fears. Let's face it; you probably have a substantial financial stake in this and it's a scary thing. You have exposed your weak spot and are vulnerable. This is part of the process and we, as humans, do not deal well with the unknown. The best thing you can do at this time is to surround yourself with a business team you KNOW you can trust. Add a supportive family and you're on the way to your dream(s).

Do not let that irrational fear of the unknown stop you from achieving your dream of financial independence. Remember the excitement you felt when you got the idea and did your research? Bring all that to mind and use positive affirmations to build yourself up and know that you will emerge victorious.

Fear of success -

Now this sounds like a contradiction in terms doesn't it? Who in their right mind would be afraid of success? In reality, a lot more than you would think have this fear. It comes from the base of "What happens if my business really takes off? Am I ready for that?"

Well, the best defense is an awesome offense. First, gather your business partners and put your heads together. Figure out your responses BEFORE things start happening. In other words, have a business plan. After all, an architect can't erect a building without a blueprint, can he? No, he can't because he needs to know each step before he takes it. So do you and so does your business.

Your business needs to grow at a pace that is comfortable and doesn't overwhelm you. This is another area where planning is the way to go. If you know your reactions ahead of time, you will never be taken by surprise. Recall the story of the three little pigs? Be like piggy #3 and plan ahead.

Of course it always helps to have a family that supports you, so bring your family on board. Let them know that you need their approval and support all day, every day. Keep them up on improvements and positive things, because if you succeed, THEY succeed, right? Make them feel like a part of what you are doing and they will pitch in gladly.

As your business begins to grow, it will be a little rough for a little while. Even though you have planned and plotted your success, you will need to acclimate yourself to the situation. This is natural and will take care of itself with time. The fear and anxiety will jump up and make you feel like you can't handle it. You can and you will.

A fear of success is part of the natural progression in opening a new business. It is, however, not necessary to respond to it. Make the choice to keep moving forward.

Related Articles
  Fear Free Selling
  The Truth About Failure
  The Magic of Thinking Big: Developing the Power of Belief
  When Starting A Successful and Top Home Based Network Marketing Business - You Can Either Fail or Succeed
  Why Failure Is Essential To Online Entreprenurial Success

Article Tags: afraid of success, architect, blueprint, business partners, business plan, business team, contradiction in terms, deep breathing exercises, doubts, fear of failure, fear of success, financial independence, financial stake, home based business, irrational fear, losing sleep, nerves, positive affirmations, supportive family, weak spot



Related Forum Posts
Books for Women Entrepreneurs - There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here. It doesn't matter how successful you are in your business - it's always possible to learn something new. In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment! 1. The Old Girl's Network 2. Mother's Work 3. The 7 Greatest Truths About Successful Women 4. Pitch Like A Girl 5. Workplace Warrior 6. Treasure Hunt: Inside the Mind of the Modern Consumer 7. Contingency Planning & Disaster Recovery 8. She Wins, You Win 9. Napoleon On Project Management 10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do 11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years 12. The One Minute Millionaire 13. Talking From 9 to 5 14. Soloing: Realizing Your Life's Ambitions 15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success 16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded 17. Fail-Proof Your Business: Beat the Odds and be Successful 18. Confidence: How Winning Streaks and Losing Streaks Begin and End 19. Women Don't Ask: Negotiation and the Gender Divide 20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen 21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business 22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker 23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business 24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises 25. Net Ready: Strategies for Success in the E-conomy 26. The Promotable Woman 27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it 28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home 29. Secrets of Six-Figure Women
Elevator Pitch in 10 Words - "Winning Business Design For Aspiring Entrepreneurs Based On Their Idea"
These maybe the coldest franchises out there: - Here are the worst 15 performing franchises in regards to having the highest Small Business Administration (SBA) loan failure rates. The list is dotted with sub sandwich shops, fitness centers and car shops. WORST FRANCHISE LOAN FAILURES Failure % 1 OBEE'S SOUP SALAD SUBS 55.56% 2 LADY OF AMERICA 41.94% 3 COUNTRY CLUTTER (BED & BREAKFAST) 41.18% 4 COPY CLUB 36.36% 5 ALL TUNE AND LUBE 35.71% 6 PICKERMAN'S 35.71% 7 PHILLY CONNECTION 35.59% 8 ROLY POLY ROLLED SANDWICHES 34.78% 9 COTTMAN TRANSMISSION 34.48% 10 HAIR COLOR EXPRESS 33.33% 11 LEE MYLES AUTOMOTIVE TRANSMISSIONS 33.33% 12 GODFATHER'S PIZZA 33.33% 13 SMOOTHIE FACTORY 33.33% 14 BLIMPIE 31.39% 15 GOLF U.S.A. (RETAIL GOLF EQUIP.) 30.77% Source: Small Business Administration, SBA Loan Performance Within Franchise Code for the Period of FY 2001 - 2005
Re: How do you budget your life? - Here is my financial management categories for today: 15% Long Term Savings; 10% Home Expenses; 45% Business and Marketing charges; 10% Friends (Meeting); 20$ Scientific and Law Books. But this will change when it is August or September. Orxan
My entry - 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read - this is a fascinating book about the history of Business theory, and I'd recommend it to anybody. 2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto. 3. PADI: The Business of Diving Book Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Paint A Word Picture - Excite Your Customer

Promoting your company and self with verve

The Future of Online Marketing

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.