One major reason why so many persons are yet to start your own business or give a particular career part a try is simply because they are scared fo failure. They do not want to try and fail, so they assume it is better not to try at all. Failing in business is not the end, though no one plans to fail, but when it happens see it as an opportunity to learn and grow.
Fear of failure in business
- Thread starter eldavis
- Start date
Fear of the failure in the business is very real. With the ongoing inflation, the sustainability of newly created businesses is really at steak and for the people that are curious in starting business they should worry about it.
But the truth is that one can't even blame those people considering what they have seen other people experiencing huge losses in business. It really takes courage to start a business especially now.
Failure is so scary indeed. If you can change your mindset and view it as a stepping stone to success, you will find yourself overcoming the fear. Many people have gotten put of that shell of fear out out that there is nothing to be scared about really.
This fear has kept so many entrepreneurial dreams down. Till you get to the point that you say to yourself, if I perish, I perish. You would not be able to move with your entrepreneurial dreams.
Fear can be a good thing if you utilize it well. A business benefits from fear by avoiding mistakes and being careful when dealing with customers and other processes. When it comes to starting though, you have to overcome that fear and start.
Definitely!! Because I always believe that somethings in business are better learnt when they are experienced by the entrepreneur first hand, but as the saying goes, the downfall of a man is not the end of his life, same thing should also apply to business, the downfall of a business is not the end of the business.
It is one of the biggest challenges that a lot of people are facing today and it's what is keeping them from starting a business of their own.
Starting a business involves risks. Fear of failure is natural. However, if an entrepreneur has a good business idea and conduct feasibility study, the chance of failure can be reduced. Determination and confidence together with good planning are essential to the success of a business.
The main problem for online businesses is the lack of orders especially for service providers, if the correspondence of the business is robbed or diverted, after labelling them a security threat without proof. Without paid work, the business makes a loss.
I think this is very common and being in the mind of every business individual because they feel if they fail they may incur a big loses which is really true, but of course there are really some risks in business and if we will be afraid of it then we will end up quitting.