Overcoming the Fear of Being Your Own Boss

in Small-business

"I'd like to start a small business but..."

Does this describe you at this point? What's holding you back?

Because of economic times, price of computing, and high unemployment rates, many people are considering starting their own small business, some of them even work from home.

About.com has information that can help you move forward with this idea:

"If fear of failure is what is preventing you from starting a small business, you have to get around it and forge ahead.

"How can you break your paralysis and do this? There are two things you can do: The first is to prepare to succeed; the second is to change your attitude to failure.

1) Prepare to Succeed

The first thing you need to do to prepare for success is to learn how it is done. You already know how to fail. You can fail by doing nothing or you can fail by doing dumb things, but how do you succeed? Start by discovering exactly what you would need to be successful and ensure that those needs are in your plan.

For instance, suppose that you want to start a small business selling herbal soaps and bath products. For this business to be successful, you will need to have essentially three things:

1. Enough people who want to buy the soaps and bath products you are selling;

2. A product whose quality and price is competitive enough that people want to buy it; and

3. Ways to bring people and product/service together

"So there are the basic needs. Now all you have to do is figure out how to meet these needs. The best way to do this is to work through a business plan. The Business Plan Outline will lead you through the process of writing a business plan of your own. Working through a business plan will fill in the gaps in your knowledge and provide the details of how you're going to do what needs to be done to start and run a particular small business successfully. Your business plan will be, in effect, your blueprint for success.

2) Change Your Attitude Toward Failure

Why do you think you afraid of failure? Most people fear failure for one of two reasons: Failure makes you a bad person, a loser that others look down on; you could lose all or most of your money and/or your possessions. Both of these are misconceptions.

"Failure doesn't change your genes or your personality. It affects some people's actions negatively, but it is not negative in itself. Will you be a loser if you fail? Only if you allow yourself to be. It's not being down; it's staying down that makes you a failure.

"Will others look down on you? Some people might, but you can't control the thoughts or actions of other people, so why lose sleep over them?

"As for losing all your money and or possessions, it is really not very likely. You can structure your business in such a way as to limit your liability by incorporating or by forming a partnership."

The main point is that, while it is true that failure can be uncomfortable and unpleasant, it is not life-threatening. Failure is always an opportunity of one kind or another - an opportunity to stretch beyond your accustomed boundaries and to learn something valuable. Remembering this positive face of failure will go a long way toward changing your attitude about it.

"Starting and running your own small business could be one of the most enriching experiences of your life. Don't let your fear of failure make you miss out."

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JD Hoopes has 1 articles online

Go to yourbetterbuy.com to start your own Home Based Internet Business, like sweetlyyou.com now selling premium Bath Body products online.

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Overcoming the Fear of Being Your Own Boss

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This article was published on 2011/01/01