5 important tips to overcome business fears

5 Tips to Overcome Business Start Up Fears
Small business start up

5 Tips to Overcome
Business Start Up
Fears


Being an entrepreneur is about taking risks. Find out how you can minimize
those risks by developing a strategic business plan for your business. If you
fail to plan, you plan to fail. Click here to find out how you can create value
for your clients and escalate your profit.

Just a week ago, I met two of my college friends. It's been (4) years since
we've last seen each other, so we decided to have a cup of coffee to do
some catching up.

We mostly talked about our life back in college, how the school culture has
evolved, the people we were with, the education system our school had,
and our careers. Apparently, when we got to talk about our careers, they
were so shocked to know that I already have two businesses. They even
got more shocked to learn that I have been investing in the stock market
and still kept my day job. (If you knew me in college days, I bet you'd also
be shocked.)

They were really intrigued with the fact that I already had two businesses
and could even afford to to keep my full time job in one of the biggest
companies in the Philippines. They asked me questions like - how I started,
how big was my capital, how much do I earn, and many other questions. (I
wanted to tell them to join our Truly Rich Club with Bo Sanchez and they
will be able to start their own business as well.)


I had so much fun telling them my story, and even told them about my
future business plans like acquiring real estate properties and renting it out
to receive cash flow.

After telling them my story, I encouraged them to start their own business
as well and ironically, both of them seemed to look like "squirrels trying to
get back to their hole" to hide from people. The feeling in their eyes
suddenly changes from excitement to sadness or worse - fear.

At one moment we were so happy talking about business and how it
drastically grew my income, and eventually changed my life but when I
asked them to do the same, all they could think about was the negative
factors in starting a business. Both made excuses like I do not have the
capital, I don't know how to start, I'm not the business type of person, I do
not have the time, I do not have the time and I do not have an idea what
business to start.

It really saddens me to think that a lot of people really want a business of
their own yet only a few even try to start. They complain about their
income and how they are treated at their job, but they still work anyway.


In my case, I started dreaming about having a business of my own even
when I was still very young. Hence, i unconsciously pursued that dream
without even realizing it. Now, it wasn't really that easy, I even failed
tremendously. But as I tried more and more, I became better and better.

To help you with overcoming your business start up fears, here are (5) five
tips and ideas that have greatly helped me in my business success:

Tip #1

Have A Strong Burning Desire - A Dream Life!

I put this as the number one tip because I believe that this will be the key
to your business start up success. Having a strong dream will keep you
going no matter how many times you will fail. Mr. Kiyosaki coins it very
well when he said, "It is the WHY that is important in achieving financial
abundance, not the HOW." Know why you want a business, and the how
will slowly unfold right in front of your eyes.


Tip #2

Stick To Your Guns

When I started doing business, I tried to do it all at once and never got a
single result. I tried flipping foreclosed properties, opening a retail store,
joining a networking business, started a logistics business, and on top of
that I kept my full time job (yeah I know what you are thinking, I was
crazy right.) My belief during that time was hitting a single bird with
thousands of stones. I told myself, I want to succeed I must open many
businesses at the same time.

Big mistake!

I ended up frustrated, emotionally drained and broke. Even worse, my
friend who invested with me got all mad at me.

Now I learned my lesson. In starting a business, stick to your guns. In fact,
just start with one gun first. Do not diversify and "reduce risk" (diversifying
is only good when investing in the stock market). Focus your efforts in just
one business first. Set-up a system to automate it and hire people and
professionals to take care of it.


Based on my experience, it would often take at least two (2) to three (3)
years to fully automate a business depending on your experience (learning
curve) and the nature of your business.

Tip #3

Start Small Always

This inevitably reduces the fear you have inside you knowing that you are
not using your entire savings to start a business. There are many ways to
start small and I will discuss this also in my future posts. The important
thing is, you do not loose food on your table, and be able to sleep at night
knowing you still have enough to survive.

Tip #4

Learn To Sell And Market

No matter how great your business start up idea maybe, at the end of the
day if nobody knew your product existed, getting sales will always be very
difficult. Hey we all admit that apart from fulfilling our life mission to be
successful businessmen (yes, I believe that is my life mission, I hope you
too) we also want to earn money right? So how can your start up business


be successful if you can't sell a single cent from the services or products
your start up business offers.

Remember this, sales and marketing will be the life blood of your business.
So please be sure that your business start up has a strong sales and
marketing system, that will back up your thriving business.

Tip #5

Get Yourself A Mentor

Yup, you heard it right. I had a mentor during all the times I was doing my
trial and error in starting a business. Remember that in business, there is
really no guarantee. The market is actually free and a lot of things could
happen to your business.

Having a mentor on your side, gives you an advantage against your
competitors since you are getting valuable advice from someone who has
gone to the route that you are about to partake. Your business mentor will
be short of a fortune teller of your future. Since he has gone to the process
of failure, success, failure, success, failure and success again.


Now where to find those fabled mentors?

Actually finding a mentor is not as hard as it seems, they are actually
everywhere. They can be your parents, your rich uncle, your quiet
neighbor who owns hundreds of rental properties, or the old woman who
goes to the same gym with you. It doesn't have to cost you a fortune to
get a mentor, you can trade services with him so that he will mentor you
for free.

Ask him this question - "What is your biggest project right now that I can
help you with? and of course you offer your services for free. With this
effort alone, you gain his trust and his ideas on how he handles his
business.

Let me end this business start up idea with the true definition of FEAR. It
actually means:

F - False

E - Expectations

A - Appearing

R - Real


So when you come up with a very good business start up idea, remember
that your fears are just false expectations that appear real but in real life it
does not exist until you have done it. Instead of feeling fear, think of your
dreams and take action, action, action, action.... until you meet success.

Being an entrepreneur is about taking risks. Find out how you can minimize
those risks by developing a strategic business plan for your business. If you
fail to plan, you plan to fail. Click here to find out how you can create value
for your clients and escalate your profit.


My name is Jake Bere, an entrepreneur from the Philippines. I am formally trained in the art of
face to face selling and marketing. I currently own a Sales and Distribution business in the
Philippines and a thriving real estate investor. I am very interested in the world of marketing,
making money online, the Philippine Stock Market, business strategies, and serving our country

My business blog is:

http://businessstartupideaslondon.blogspot.com/

Article Source:

http://EzineArticles.com/?expert=Jake_Bere

5 important tips to overcome business fears

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