Everyone starting a home business fears something. Whether it's monetary, mental, emotional, or even physical, a small business entrepreneur must confront her fears and seek to overcome them in order to succeed. The following is a list is common fears that business owners face:
Don't let your fear of failure prevent you from starting a home business. You don't know whether your business will succeed or not, but the same thing can be said about a job.You don't know whether you'll be employed tomorrow or months from now. Rather than focus on failure, do your research and work hard towards achieving your goals. Take comfort in the fact that all entrepreneurs have failures along the way, but failures are learning experiences that can help make your business stronger.
2. Running Out of Money
You may be using your savings to live, and fear that starting a home business will cause you to run out of money. It does take time to build a business and turn a profit. You can overcome this fear of running out of cash while you're building your business by selling your assets. Do you have used books, jewelry, an extra car, baby clothes and other household items that you can sell on Amazon, Craigslist;or Ebay to raise extra cash? This can provide you a small cushion until you generate sales. You can also provide a related or unrelated service right away to earn money until you can run your home business full-time.
3. Being Alone
Workplaces have become a second home to many workers. Their social needs are met in addition to wages. When you're starting a home business, you may fear the opportunity to interact with peers. However, there are many opportunities to build relationships with people online and offline through joining groups, associations, forums, and social media sites. It's essential to build relationships for business, and in the process, you may even gain a few friends. Thinking of the opportunities to grow your business through networking and relationships will help you to overcome your fears of being alone.
4. What Others Might Think
Family and friends may not agree with your decision to become a small business entrepreneur. They have jobs and expect you to have one too. If you're a stay at home mom, they may think it's impossible to juggle raising children and running a business. They might have concerns about job security and want you to have a "safety net:" a paycheck. You can overcome your fears about what they think by planning your business and establishing goals. Write down how you plan to market yourself, generate sales and make money. You can then share your plans with close family members to alleviate their fears.
5. Lack of Education and Training
Many entrepreneurs fear that they don't have the smarts or experience to run a business. In some cases, this fear is valid and you can overcome it by getting the right education and training you need to start your business. Others, however, have the skills and education needed to start their business and use this as an excuse not to get started. The root cause of this fear is usually laziness. Working on becoming diligent in everything you do will help you overcome this fear.
Fear is the last thing that should prevent you from doing one of the most rewarding and profitable things in life: starting a home business. Confront your fears and think through how to solve the problems underlying them. Planning and seeking help from others when needed will help you tremendously.
Daphne Mallory, Esq. is the co-owner of Mallory Writing Services and has written more than 100 articles helping home based business owners and entrepreneurs start and market their business. You can learn more about her here.