Everything you’ve always wanted is on the other side of fear.
Being an entrepreneur means confronting your greatest fears and insecurities and overcoming them.
Many accomplished professionals and business people give the impression that they have never made a single mistake or a wrong decision, but in reality, the road to success is a winding one and usually paved with failure, disappointment, and a string of obstacles.
The thing is that dreaming big includes its fair share of nightmares, and sometimes you can be your own worst enemy.
So, if you want to succeed and make your dream come true, you need to learn how to embrace your flaws and stop beating yourself up about them as that’s the only way to unleash your creativity and reach your goals.
Come to Terms With Your Failures and Learn From Them
Elon Musk is one of the greatest entrepreneurs and innovators of our time, and yet his success story has been riddled with all kinds of mistakes, such as a number of unsuccessful SpaceX rocket launches.
But all these expensive and frustrating crashes can’t prevent him from trying to take humans to Mars –every failure is an important lesson and it pushes the SpaceX Project at least one inch closer to its goal.
Your failures might not be of such a magnitude, but the principle is the same. The idea of losing a client sends shivers down every entrepreneur’s spine, but it doesn’t have to be the end of the world. You can use this unpleasant experience to analyze what happened, improve your product, customer support, or anything that needs to be tweaked, and land yourself many new clients.
Ask Yourself Where You’d Like to Be Five Years From Now
While it’s true that you might end up in a totally different place, it’s still important to know where you’re headed.
A good tactic might be writing a letter to your future self. Imagine how you would like your venture to pan out and what you’d like to achieve within a five-year period.
This will help you see whether you’re going in the right direction as well as what you should adjust if you want to get there.
However, try to be flexible and leave some room for upgrading your vision over time so that it matches your potential and capabilities.
Start Taking Risks
But not by making some educated guesses and throwing darts in the dark.
Risk assessment is at the core of every successful business. You need to understand the worst-case scenario that may happen to your business and see whether you can handle it.
So it’s important to weigh potential risks and rewards, and if what you can get is attractive and lucrative, and the worst-case scenario is manageable, then you should go for it.
Perfectionism can be detrimental to your business, as it means setting high, and sometimes even unrealistic, standards and this desire for everything to be perfect might paralyze you and prevent you from taking any risks. And that’s something that keeps you stuck in the status quo and is a huge obstacle to the growth of your business.
Stop Comparing Yourself to Authorities From Your Field
While it’s good to have a role model and someone you can look up to for inspiration, comparing yourself to other successful entrepreneurs from your industry can be a bad idea.
Namely, you don’t know much about their skills, background, and circumstances, and their public persona may give you the wrong impression. It’s also a bit far fetched to expect to achieve greatness immediately and find yourself among the best of the best.
Finally, there are different definitions of success and you need to come up with your own and start working towards it.
So instead of chasing after pie in the sky, identify your strengths and focus on them by learning new skills and polishing your existing ones.
Ask for Help
There’s nothing wrong with admitting that you can’t do everything on your own.
By trying to pull all the strings and control every single task that needs to be done, you’ll just spread yourself too thin and that will affect your productivity and your business.
That’s why asking for help is a perfectly acceptable, and even desirable, way to handle things.
Enlist the help of your friends and family if you can’t afford to hire employees. Outsourcing is another good idea, as it’s much affordable to hire contractors than having an additional person on your payroll.
It’s ok not to be a superhero, who can work around the clock and handle different aspects of running a business. There’s no need to risk turning into a jack-of-all-trades which isn’t particularly good for either your personal or professional life.
Take Your Time
Success takes time and it’s essential to understand that you can’t grow as quickly as you might want to.
Your company won’t be bringing any profits during the first year, and you have to accept that and be ready to rely on your nest egg. This means that you need to prepare and start saving in advance because 29% of small businesses fail because they run out of cash.
In a hectic culture where everybody’s rushing things and trying to succeed overnight, it’s crucial to keep your pace and make sure that you don’t put too much pressure on yourself because you’ll end up in the fast lane to burnout.
It’s much more important to set your priorities and manage your time properly, as that’s what will make you more productive.
Being able to spend some quality time with your family and friends is something that you shouldn’t give up on. Perfectionists tend to direct all their resources to their business and neglect other parts of life, which can hinder their chances of success in the long run.
Following your dream is the best way to succeed. However, different insecurities and imperfection can put a spoke in your wheel, so follow these tips to set yourself free and fulfill your entrepreneurial potential.