5 Tricks for Conquering Your Entrepreneurial Fears
By: Lance Cody-Valdez
Perhaps you’re tired of working at a traditional 9-to-5 job, but the thought of starting your own business is nerve-wracking. Even if you’re holding onto big entrepreneurial dreams, it’s normal to feel apprehensive about executing your business plans, especially when you consider all the risks that are inherent to entrepreneurship.
If you need help with certain aspects of running your business, like figuring out your brand strategy, you can benefit from the expertise of KJMdigital. In the meantime, here are a few ways you can find peace of mind as a brand-new entrepreneur.
Create a Business Plan
Maybe you’re worried that you’re overlooking aspects of operating a business, and you don’t want to jump into entrepreneurship until you’ve worked out the details. You can pull together a comprehensive business plan that includes information about everything from your legal structure to your marketing ideas to your budget projections. Having a clear plan will help you stay organized, focus on what matters most, and know when it’s time to hire employees.
Get Paid on Time
Being a business owner means that your financial stability is reliant on your customers’ timely payments. You may be worried that if you don’t have a regular paycheck, you won’t be able to make a living, simply because you’re always at the risk of a late payment. In order to solve this issue up-front, you should choose customer invoicing software to manage your books accurately. Ideally, the software you pick should enable customers to easily pay online just by clicking on the invoice - and once they view or pay an invoice, the system will notify you! You should also be able to conveniently schedule invoices to facilitate recurring payments.
Seek Out a Mentor
Working with a mentor can help you master lessons about business ownership, keep your confidence up, and overcome challenges and setbacks. Your mentor can provide you with sound guidance grounded in years of experience. But how can you go about finding the right mentor? Jeff Goins recommends making sure your mentor has a set of strengths that you truly want to emulate - and, of course, that the two of you genuinely get along!
You might be worried about keeping up with trends in your industry, staying ahead of your competitors, or even understanding new technologies as they become popular in your field. The best way to let go of this fear is simply by making a commitment to continuous learning. Educating yourself as the years go by is the best way to keep your business moving forward - you’re not just an entrepreneur, you’re always a business student, too! To keep up with your professional development, you can read business books, attend conferences, and take online classes.
In the world of business, cultivating a strong, supportive network can help you achieve things that you would have never dreamed possible on your own. If you don’t know many people in your industry, you can start prioritizing networking! Startup Grind recommends joining various online communities for people in your field, preparing a scripted pitch about your business so that you’re always ready to strike up new conversations with people, and attending lots of social events - you just never know who you’ll meet!
It’s true that no entrepreneur can avoid obstacles entirely - but with a little advance planning and strategic thinking, you can make smart decisions that help you avoid common obstacles. You do not have to put off your entrepreneurial goals due to fear. Instead, by following these tips, you can build your confidence and get your company off to a strong start.
Want to overhaul your company’s brand strategy? Turn to KJMdigital for all of your strategy needs! Head to our website to chat with us today and get started.