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It saps the life out of your business like nothing else can.
It erodes your confidence in your own abilities and undermines the faith people have in your ability to lead.
Entrepreneurs are faced with hundreds of decisions, both big and small, each and everyday.
If they spend too much time second guessing themselves because they want everything to be perfect, they're not getting as much done as they should.
Fear of making mistakes is what keeps people from actually learning.
Adjust your mindset.
Don't strive for perfection.
Aim for excellence, that's a lot easier to achieve.
Recognize that fear comes from no other source than you.
Only you can make yourself be afraid of something.
This is especially true when we fear the unknown.
Entrepreneurs need to be able to face any challenge with confidence.
There simply is no point to worrying about things you can't control.
Adjust your mindset from worrying about the future to strengthening your position in the present to deal with any contingency.
Fear has its place.
It's there to warn us of dangers and help us to survive.
But when you're an entrepreneur running a business, there's simply no room for fear in decision making.
Adjust that mindset one more time.
Instead of thinking in terms of fear, think in terms of risk management.
You can do something concrete to reduce your exposure to risk, but if you allow fear to set in, you've taken yourself out of the game and are now fighting a losing battle against yourself.
One of the hallmarks of great leaders throughout history is their ability to act decisively when the chips are down.
Your own ability to do the same in a business context is what will keep people loyal to you.
Fail to provide them with a leader they can trust to weather any storm and you fail as an entrepreneur.
If you really want to be in charge of your financial future, then you have to adjust your mindset.
Think of the difference between an employee whose mindset is centered on keeping his job and working his way up the corporate ladder.
Very few people make it past a certain point along that ladder yet so many people think that's how they'll achieve financial security.
That's not all.
If this recession has taught us anything, it's that jobs don't provide the level of security we thought they did.
Entrepreneurs, whose mindset is fixed on owning a business (or businesses) instead of being employed, have the advantage of earning passive residual income long after they've past the age of retirement.
If you ask me, that sounds a lot more secure than hoping not to be laid off from a job.
Being an entrepreneur doesn't require you to give up your day job.
There are a lot of opportunities for people to earn money even in their spare time.
What's important is that you take that first step towards taking control of your future.
Don't be afraid.
It will be worth it.
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