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FEAR

WEEKLY THOUGHT: Godwin Start-Up School

If you look in the Entrepreneur’s Dictionary (no, this book doesn’t actually exist…yet.) for a definition of “fear,” you will likely find phrases like “is attached to entrepreneurship like skin,” or “lack of fear is a sure sign that you’re dead and just don’t know it yet.”

Fear and entrepreneurship go hand-in-hand. If you woke up today feeling a tinge of fear about being an entrepreneur, then congratulations! You’re ALIVE!

Seriously, feeling fear as a start-up entrepreneur or as an experienced one is nothing to be ashamed of. In fact, I would say that you need to embrace and use fear to help you move forward. The worst thing you can do with fear is let it paralyze you into inaction. That’s when you find yourself in trouble. If you can embrace your fear and let it drive you to do even better than you did yesterday, you’ll learn to master it and not let it ruin you.

Some typical fears are:

  • Fear of failure
  • Fear of running out of money
  • Fear of hiring the wrong person
  • Fear of becoming irrelevant in your market
  • Fear of being mediocre

See what all those fears have in common? They haven’t happened yet! By definition (the real one, not the fake one I made up in the first paragraph), fear is tied to an expectation of a future event, one that hasn’t yet occurred, and for all you know won’t occur at all. So, letting fear hold you in place so you can’t succeed isn’t the best way to handle it. I say run headlong into it and acknowledge it for what it is…somewhat irrational at the moment, and definitely not a certainty.

Are there fears that you have on a daily/weekly basis which hold you back? Let’s talk about those. I bet I’ve had the same fears, and I’ll share with you how I moved past them. This entrepreneurship stuff isn’t for the faint of heart, is it?

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