Is Fear of Failure Holding You Back?

The fear of failure is a silent killer. It sneaks up on you when you are not looking, and takes your plan out without mercy. One of the main issues in entrepreneurship and what is communicated through the many personal development books: The Fear of Failure. Here are ways to conquer the fear of failure and stop drifting:

  1. Understand it and embrace it

An issue many have is understanding what the failure is. This one trick is from The Four Hour Workweek by Tim Ferris: Imagine the worst case scenario that can happen in your situation, now imagine the solution for your worst case scenario – how much would it costs you to fix the worst case scenario? In over 90% of the cases the worst case scenario is not even that bad when dissected properly. This means that if you try to understand where the fear comes from and pin point what MIGHT happen, you can convince yourself that it is not that bad. Be critical, but do not beat yourself up.

  1. Name the fear

Part of understanding it and embracing it is naming the fear for what it is. Is it fear of failing in front of your family, your friends, your girlfriend or your kids (all of the above)? Is it something else that you are afraid of (like fear of poverty)? Napoleon Hill makes a great point in his book “Outwitting the Devil” on the subject of drifters (people who have no particular goal in life and just “drift along”): One of the main de-motivators of the success mindset is the fear of poverty. This is one way to make sure that you keep drifting instead of focusing on your bigger purpose. This brings us to the next point.

  1. Think about the bigger picture

Think about why you are doing what you are doing, and you will see that your fear is just small aspect of your journey and going through it is only right. It is all about your bigger purpose, that is why it is so important (Think Simon Sinek!) that you figure out what your “WHY” is. Simon Sinek’s book is not only applicable to businesses (entities) but also personal brands and personal life. There should always be a bigger purpose. Something bigger than yourself.

  1. Educate yourself

Educate yourself on the subjects you think you lack in, or you can be added to your arsenal to lower your chance of failure and therefore your fear. This means that you have to invest some time in self-reflection. But it is worth it, as you will be finding out more about yourself.

  1. Always be prepared (ABP)

ALWAYS be prepared for your meetings, content creation, business development, customer service and other functions of business. If you are prepared, you will never feel that you have no material to present. Even if your material is not as creative as you think, you doing your best to create new ways or improve the old ones is one sign that you are moving forward to a better place.

  1. Visualize success

What does your success look like? What does it feel like? Go into depth even to the point of what clothes you are wearing, what you are doing at that time. Make a vivid picture of what your success looks like, and you feel like this on a consistent basis. Do this first thing in the morning and before going to sleep to get the benefits! This could be seen as a form of meditation.

Combining all these points, there is one main question you need to ask yourself when you feel fear: WHY am I feeling like this? HOW can I make sure that I can drastically lower the chance of failure? WHAT type of material/resources do I need to make that happen? Be self-reflective and you will be able to embrace the fear of failure without fear.

Please check out our previous “Improve Now” post for more information that help motivate you. All the information taken are from books and articles that we recommend daily. And remember to follow us on Instagram!

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