As you know, life as an entrepreneur involves risk in a variety of ways. This means that the ability to handle risks and associated fears lies at the heart of being successful as an entrepreneur…
1) They Get Fear Handled
It’s always tempting to say you must be fearless to be successful. However, that’s not exactly correct. Most sane people will feel fear in a lot of risky situations, as well they should. After all, fear can be a valuable tool, alerting us to danger and helping us as we navigate tricky situations.
On the other hand, it’s important to be able to function effectively despite the fear. Susan Jeffers wrote an excellent book, called “Feel the Fear and Do It Anyway.” I highly recommend that book to any aspiring entrepreneur. It captures the essence of how to handle fear perfectly.
2) They Make Plans And Take Action
Entrepreneurs are not afraid of planning, setting goals, and taking action. In fact, they need to plan to be successful – and those plans have to be acted upon to get things done.
3) They Understand Income vs. Cash Flow
Talk about handling fear. When it comes to dealing with money, a lot of people are tempted to chicken out. Successful entrepreneurs must be up to the task – and they also understand the difference between income and cash flow.
They are also prepared to deal with maintaining adequate cash flow to help their business thrive. Getting help and/or working with a proven winner will go a long way towards making that happen.
4) They’re Willing And Able To Self-Promote
Shyness has no place in the life of a successful entrepreneur. If you want to be successful, you have to be able to stand out, let people know about what you have to offer, and promote yourself and your products and services. Here’s what can make it easier: Create something valuable you’re really proud of, something you’ll want to let the world know about.
And since self-promotion also involves speaking in public (another common fear!), I would highly recommend joining Toastmasters to get that handled – and to improve speaking and persuasion skills. It will also help with leadership skills, something else that’s needed as entrepreneurs run their companies.
5) They’re Not Afraid Of Change
Just read about Apple and Virgin and you’ll know that change is inevitable, and can be used to create ever greater success. So when things get tough, it’s important to keep in mind that change also means opportunity, and keep your focus on making the most of each and every opportunity that presents itself.
In the meantime, we’ll be here all summer to support you in making your business thrive. If you need anything, just call us on 0800 007 5566 or connect with us through our Live Chat.
We’d like to help you shine!