What Is Stopping You From Starting Your Own Business?

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Mostly, it is the fear of the unknown.

Uncertainty also comes with it, but the biggest factor is the lack of confidence that it can be done even though it seems too insurmountable a task at the beginning. Why not make an honest assessment and figure out what you can and cannot do?

Ask yourself, are you better off working for someone else, with restrictions and not able to do everything you want or would you rather be your own boss and explore all the possibilities out there at your own risk? What is great about the latter? You get to reap the rewards, too! You are not limited to what your employer tells you. You tap your creativity and you can explore, fail and try again. You can do these things without worrying that you’d lose your job if you commit a blunder.

It is alright to be worried and to have reservations, but it is part of the journey. After all, you should not be too confident either. In most cases, what you dread about hardly ever happens and when it does, it is nowhere near the thing you were scared of.

Read on below and learn the common fears people face when they think about starting a business and how they can be overcome based on Han-Gwon Long’s own experience.

Do you have your own fears? Please let us know and share how you overcame them.

6 Fears That Keep You From Starting Your Own Business

Starting my own business was the last thing on my mind when I graduated from college.

Here are the six biggest fears I had to overcome.

  1. Failure

How I overcame this fear: I had to redefine success…For me, success meant chasing my dreams and achieving my goals.

  1. Inadequacy

How I triumphed over this fear: It’s how we deal with these feelings that determines how far we can go professionally.

  1. Humiliation

How I rose above this fear:I didn’t know what my friends or family — who’ve known me since I was a dorky kid — would think…In fact, they’ve been nothing but incredibly encouraging and supportive.

  1. Poverty

How I let go of this fear: I believed that I had to hold onto the few “wins” in my life, or I would lose everything…So I let it go and opened myself up for success.

  1. Separation

How I separated myself from this fear: I realized the people in my life wouldn’t vanish if I wasn’t successful.

  1. Success

How I stopped being scared: I decided to try, because I knew I desired success.

If you think you have what it takes, you owe it to yourself to try. At the end of the day, no one is stopping you but you.

–by Han-Gwon Long

To read the entire article, please go to Entrepreneur.com.

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