Fear No.1: Failure

Without a doubt, an entrepreneur’s biggest fear is failing–understandably, because 95 percent of all businesses fail within the first five years.
The list of what-ifs is endless: What if I’m not cut out for entrepreneurship? What if I can’t get this last deal? What if I go bankrupt?
One of the most common warnings you will hear is about risk. Everyone will tell you that it is risky to start your own business. Sure, starting a business is risky, but what in life isn’t? Plus, there’s a difference between foolish risks and calculated ones. If you carefully consider what you are doing, get help when you need it, and never stop asking questions, you can mitigate your risk.
You can’t allow the fear of risk to stop you from going forward. Ask yourself, “what am I really risking?” and assess the risk. What are you giving up? What will you lose if things don’t work out? Don’t risk what you can’t afford. Don’t risk your home, your family or your health. Ask yourself “If this doesn’t work, will I be worse off than I am now?” If all you have to lose is some time, energy and money, then the risk is likely worth it.

Fear No.2: Economic uncertainty

Five years ago, the economy may not have been of forefront concern for a startup entrepreneur. But today, businesses big and small, young and old, are worried about what the declining economy means for them.
But many small businesses have started, innovated and grown during a recession.
Entrepreneurs are notorious for going against the current, so a bleak market can actually mean more opportunity.

Fear No.3: Being your own boss

It’s often called the “lemonade-stand fear. It’s the feeling the entrepreneur first gets when he starts any kind of business: the feeling that he’s operating a lemonade stand, this low-budget operation that doesn’t feel real. As a small business, especially during the startup stages, there’s very little stability and security. Unlike traditional employment, you probably don’t have an office, employees, benefits or a paycheck. And what you definitely don’t have is a boss, someone guiding you along.
Working for yourself is both the best and worst part of being an entrepreneur.

Fear No.4: Consuming your life

The idea of not having any time for yourself, neglecting your family and giving up your social life can be terrifying.
A lot of entrepreneurs think, If I own my own business, then I have to eat, breathe and sleep this business. There’s a lot of guilt where they think any downtime should be spent on the business. You have to give your mind a break.
And lastly, don’t be afraid to ask for help–whether it means hiring people to do the tasks you don’t have the time or know-how for, forming a discussion group or advisory board, reaching out to peers, or taking advantage of the small-business resources available.

Fear No.5: Staying afloat

You need money to start up; you need money to operate; and you need money to grow. Throw the dismal economy into the equation–when people are spending less and it’s taking longer for small businesses to get paid and money is even harder to come by.
We at Leap Workshop, believe that failure is a necessary component of successful entrepreneurship. It is impossible for us to improve, learn better ways and to innovate without experiencing a series of small failures. How and what we learn from the failure is what ultimately determines our success.
Many would-be entrepreneurs are also faced with discouragement by others… for people around you to discourage you from pursuing your entrepreneurial journey. Some will tell you they have your best interests at heart and that they just want you to be realistic. Some may even envy your courage, while others may resent you for having the resolve to actually transform your goals into reality. Ironically enough, those naysayers often end up becoming yaysayers! In fact, once you get an idea for a business, the most important trait you need as an entrepreneur is perseverance. When you set out to launch your business, you’ll be told “no” more times than you’ve ever been told before in your life. You can’t take it personally. You must get beyond the “no” and move on to the next person, because eventually, you will get to a “yes.”
Finally, lack of knowledge, resources, and support can be major challenges encountered by future entrepreneurs, preventing them from transforming their business idea into an actual business…
Employing Leap Workshop, Inc. as a key resource to develop, ___, and assist in executing your small business idea is a smart first step in pursuing your entrepreneurial endeavors. It is our passion to be a partner in helping you transform your business ideas into successful businesses. We are strong believers in doing something with your business ideas, instead of sitting back year after year running the same pattern of simply talking about your business ideas. The time has come for you to actually put your ideas into action and allow Leap Workshop Inc. to do what they do best….
Most importantly: Do something. Don’t sit back year after year, as you continue to run the same pattern in life and say “This is the year I’m going to start my business.” Make this the year you really DO it!

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