Business Fears That Help You Become Stronger

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Fear of competition.

There are often cases when businessmen start to implement some new idea, in their opinion, and suddenly it turns out that their competitors are doing the same. If you are faced with such a insurance leads for seniors situation, do not give in to emotions. Fear of failure will only harm. Remember: it is not enough to give birth to an idea, you need to implement it competently.

The opposite of perfect competition

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It is difficult to open a successful business selling household appliances in a city where there are already stores of well-known companies working in the same direction. But if you find some competitive advantages, then everything can work out. Modern technologies open the way to the most unexpected projects. For example, venture investors invested a million dollars in the Yo mobile application - and did not lose. The main thing in business is not to be afraid of competitors, but to find advantages in your products and think about the needs of consumers.

Fear of lack of privacy.

The fear that doing business can negatively affect your personal life is quite common. Especially since many marriages break up precisely because people do not have enough time for each other. Patience is required here. Sooner or later, the necessary balance between business and family will be found, and then life will improve. You just need to support your partner and understand that doing business requires a lot of time, that a person who is fired up by an idea thinks about it both at work and at home.

Fear of betrayal.

Fear of betrayal

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This fear can harm a business like no other. It prevents you from correctly assessing people and organizing a team correctly. Finding a suitable business partner is no easier than choosing a life partner. This person will not only know all the ins and outs of the company, but will also share all your fears and failures, doubts and mistakes. It is difficult to trust strangers with certain things, so many entrepreneurs prefer to build a business with friends or close relatives.

But this approach is not always successful either. After all, it is often not competent specialists who are invited to work, but people who have little understanding of the specifics of business.

What can you do to get rid of the fear of betrayal? You need to get information about how the person worked in other companies or managed a business, understand how he behaves in stressful situations. But even in this case, there are no guarantees. According to the founder of Paramount Pictures, Michael Eisner, you can meet a selfless business partner once in a lifetime, and even then, if you are very lucky.

Fear of growth.

After overcoming the fear of starting a business, many entrepreneurs face another problem: they begin to fear for their business. They constantly ask themselves questions about how to keep the enterprise afloat, how to cope with competitors, how and where to find new ideas.

It turns out that the hardest thing is not to start a company, but to make it grow and generate income. According to statistics, only half of entrepreneurs eventually achieve success, the rest cannot hold out for even five years. But if your company has managed to survive, then coping with the fear of business becomes much easier thanks to the accumulated experience and acquired endurance.