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Paralysis: how did you overcome the fear of starting a business?

 
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mrsmuir

posts: 7

Jan 22, 2009 10:11 PM ET    Quote  Report Abuse
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 I am new to this.  I don`t even know since the postings are so old that this will be seen as this is only my second day devouring this site.  I just wanted to say thank you for your answers.  You are giving me hope and a renewed outlook.  I have been trying for a couple of years to get my product out.  It is a great product that my instinct says will do well- I just don`t know how to go about doing it without being afraid someone will take advantage of my ignorance.  I will try again though as you have really made me realize if I don`t do it, I will always wonder if......
Thanks
CraigL

posts: 9051

Jan 22, 2009 11:01 PM ET    Quote  Report Abuse
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Hi there Mrs. Muir,
ALL of us have stage fright, worries about inadequacy, anxiety about lack of knowledge and the fear of appearing foolish. That`s not only a given for people in general, but it goes triple for entrepreneurs. :-) It`s part of the "risk" formula, and ends up disguised.

The best you can do is understand that you`re not alone. Plenty of people are right here with you. And then, toss your head, keep your chin up, and proceed. What`s that old battle cry, "The hell with the guns! Full speed ahead!" :-) Ah...now I remember: "Damn the torpedoes! Full speed ahead!"
CraigL2009-1-27 16:16:56
MarkEssel

posts: 3

Jan 27, 2009 12:24 PM ET    Quote  Report Abuse
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You must look within yourself to determine if your fear is
  1. stopping you from doing something you truly desire or
  2. a manifestation of your true desire; that`s trying to prevent you from pursuing a path you think you want, but is ultimately just a social illusion of "success". 
Your life path may be far from Entrepreneurship, business in of itself is not a solution for purpose.  It is merely a means for generating profit amongst many.  Entrepreneurship to me is like building castles in the sand.  Your vision may become incredibly powerful (influential), but like all things in the long run it will wash away with the waves of time.  What does your business concept do for you (and those who work on it) in the short term?  Is it of value now?  Is it fun?  Will it be a great way to spend your time?  What "real value" does it bring to humanity?

One of my personal fears about Entrepreneurship or starting any business, is that a business of my design will in time become a prison.



MarkEssel1/27/2009 12:42 PM


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WebJunky

posts: 549

Jan 27, 2009 3:03 PM ET    Quote  Report Abuse
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by preparing as much as possible. preparing involves research research research, a full developed and reviewed business plan....communication with others in the line of business you are getting in to. in a nutshell, proper preparation. you can never be prepared enough!
 
how do you overcome nervousness before presenting? one way to do it is to learn your material well and believe in what you are presenting.  in many ways starting a biz is the same.
 
"there is no greater fear than fear itself" - one of my favorite lines of all time!
 


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posts: 24

Jun 03, 2009 8:43 PM ET    Quote  Report Abuse
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Hello Garfield,
 
I found you and I am the same way as you. I quick my job to start my own business.
I new to this site and know that your post are around 4 years old.
I am just wondering what really happen to you. Did you became a business owner??
 
I will be happy if you can answer my post.
 
Hope you are doing great
 
Juan
 
My fear is closer to the "doing something radical but rational".  I do have some financial support, fortunately.  However, I am accustomed to being self-sufficient and getting my own paycheck so this is a very uncomfortable period for me. To ease my discomfort, I have thought of returning to my old job.  But, my old job really did not afford me time to plan a business.  I know that if I went back, it would be even harder to ever get my business up and running.  I recognize that, ideally, one would have his job and have laid the groundwork for the business.  As I don`t, I`m trying to get this business together as quickly as possible (which I think lends to the pressure I`m feeling and hence, my situation of being stuck).

Jan 15, 2010 9:20 AM ET    Quote  Report Abuse
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I had no fear when I first started business when I was 18 year old. I got much more fear later when I was already successfull, as then I got to know what to fear

Jan 20, 2010 9:19 PM ET    Quote  Report Abuse
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Starting a business isn't risky -- it's about managing risks. It's good that you're seeing risks now, before you launch your business! That's what's supposed to happen. Your planning activity's goal is to discover how you'll manage and reduce those risks. Then, when you launch your business, your risk level will be low.

GCGirlfriend

posts: 2

Jan 28, 2010 9:12 PM ET    Quote  Report Abuse
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Opportunities have changed since this post was started. No longer do you need to quit your job to create a business. You can start smaller--on a micro level. Become an expert in your field using the vast and varied technologies available on the internet.

10 years ago, I started a business the old fashioned way. I invented a product, did all the development, turned the idea into a boxes and boxes of inventory in my garage. As a stay-at-home mom, I thought the website I paid $5000 to have developed would help me sell. I didn't realize I still had to do all the work. I eventually licensed the product and closed up shop. Invested several thousand dollars and though the product never made money, I still consider the experience invaluable.

Fast-forward to now. I'm still a stay-at-home mom, but I am now using the internet to start a new business. This time following the start-small, dip your toe in, approach. The ability to promote my business via the internet has expanded, web sites are easy to develop, and I can truly test the waters without sinking the ship.

So that's my advice to you wanting to start a new business...test it out first. Take one step at a time and go where the business takes you, but don't quit the paying gig until the experimental steps show positive results.



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johndiv23

posts: 108

Aug 31, 2011 1:15 AM ET    Quote  Report Abuse
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In my case me and a couple of friends started our business. It was quite intimidating at first but its also partly fun. Watching your investment go down the drain and so on. but we  did managed to survive it. :D 



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GaryBarzel

posts: 157

Sep 01, 2011 6:21 AM ET    Quote  Report Abuse
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Starting a business is always very scary, especially if you're giving up a decent and secure job. One of the ways of getting rid of this fear is to prepare and research the business you are going into. Write down all the reasons why you want to start a business to begin with, and study it carefully. By reading it, it will make it more real and help you realize why you want and/or need to do this. You will also need to learn how to deal with your fears, this will take time but the more you work on it the easier it will become. Know that your fears are normal, and this is what most people feel before starting a new business so you are not alone with this.



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