I have
encountered many obstacles in the last 7 years when I took a dive in the
entrepreneurship pool in order to grow my small business idea to a brand name
of my dream. At some point, I have been rejected and my proposal turned down
many a times, not because my idea is neither fantastic nor needed but rather,
maybe it was not just my luck. However, I have also had cause to secure
contracts where I least expected and sometimes those opportunities arrived on a
platter of gold. From my personal experiences and research, I have identified
some limitations often faced by start-up businesses and entrepreneurs and these
are the recipe to overcome such fear:
1. START ON A SMALL SCALE: To overcome
business fear well ahead of time, it is usually more advisable to start your
company on a little scale and gradually figure out ways to expand the exact
same without wasting more cash on wrong resources. If you don't get to a
greater degree, you will lose the chance for further business. In regards to
your own business you don't want fear since it will prevent you from stepping
from the comfort zone and also you won't have the capacity to grow. When it
comes to second example of what the majority of individuals fear in starting an
extra business, it's the financial strain of the startup expenses, regardless
of your financial status.
2. BEGIN YOUR BUSINESS WITH A PROFITABLE
SMALL BUSINESS: No matter your sort of business, if you're in sales, you may be
required to do a little bit of form of `Prospecting' for leads and customers.
Be certain to identify a profitable small business model, and then you have
limited your exposure to risk or loss. This is sometime applicable if you're
into a small business opportunity. Fear begins in your thoughts and you have to
employ your mind to conquer fear particularly if you desire to increase sales
for your personal business. Selling doesn't have to become a fearful
experience!
3. IDENTIFY YOUR GREATEST FEAR IN
BUSINESS: Many small business owners I've related with had one small business
fears or the other. Small business success is all about realizing the real
fears from the ones which are self-imposed. In truth, it really is subtle and
the majority of people don't recognize this is holding them back from having a
prosperous business and a great life. If your inner drive is weaker than the
physical energy propelling your business, there is bound to be apprehension and
this could lead to business failure and eventual shutdown of such business
venture. The final move is to consider the objections which are stopping you
from closing the company.
4. BE READY TO TAKE A PLUNGE: When I
left Gtbank in 2009, I never wished to go back into the banking job for any
reason whatsoever due to so many reasons which are currently manifesting as a
result of economic recession, job insecurity, career growth, delusional bankers
life, etc. The anxiety about success will allow you to avoid taking action to
surely have a thriving business enterprise. Don't forget, small business
success isn't about the amount of times you fail but about how many times you
have overcome the challenges of being a successful business personality.
5. SEEK MENTORING AND TRAINING: I have
lost counts of how many trainings, seminars and business mentoring attended in
the last 10years after my National Youth Service scheme (NYSC) and I still
attend trainings till this very moment despite offering such to people as well.
You need to ask the leaders of your own enterprise whether they have training
along with a proven way that will help build your business. You need to master
a few techniques to boost your communication skills in order to
