One of the scariest things about starting up a business (especially if for the first time) is that nagging “Angst Factor”. You know, the voice inside that keeps saying How the heck am I going to make this work?
The primary reason for thinking this way is when you decide to make the leap from executive to entrepreneur, there are so many unknowns. You can do all the research and preparation in the world, have your “shingle” ready to hang out, your vision and mission in place, but somehow those tangible, practical things can suddenly take on a different feel when you’re not sure if this is what you really want to do (or you can’t pluck up the courage to move forward).
The ground feels shaky. And that’s because you’re breaking new ground!
It’s not that you don’t know what you’re doing. You’ve already proven yourself in the corporate world in high-level positions that you’ve worked hard to attain.
However, just like a world-class athlete, if you let your mindset defeat you…well, you know what road you’ll find yourself on…
They say that entrepreneurs can only see “3 steps ahead” at any given time during the start-up phase. So it’s natural to feel fear of the unknown. Unfortunately, this is why so many people never make the move to make their dreams happen.
The reality is this is part of the entrepreneurial journey. So know that you’re not alone! I went through the Angst Factor, too. And more than once! That’s why I love teaching others to move quickly past this so they can design their dream business while actually enjoying the process!
Here’s a little of my own personal journey
About 15 years ago, I set out to create the framework and programs for my first Solopreneur business called Vision Street. I spent some quality alone time at a friend’s cottage for a couple of days so I could have the physical and mental space to do the work. But all I did was frustrate myself. I couldn’t seem to find the inspiration or creativity I needed to get into the zone. Then I had an epiphany. I realized I couldn’t possibly have all the answers! So I did a clarity exercise that really helped. See the “Ask and You Will Receive” exercise on my previous blog called: Why Are So Many People Afraid to Start a Business?
Common self-limiting business start-up beliefs
Money fears are a huge part of the self-sabotage A Factor effect, too. After all, if you’ve just left (or are thinking of) a cushy 6-figure salary and corner office for the joys of running your own business, you might just start worrying about how you’ll bankroll the thing as you face the months ahead.
In your Angst frame of mind, you may constantly worry:
- How can I start a business and make money right away?
- Will people actually pay me for what I do?
- Will I get enough clients to make it worth it?
- How will I support my family on a consistent basis?
- What if I super-max out my credit cards while waiting to get more business?
- Who am I kidding? Who am I to create a business, never mind a thriving one?
- What if my friends or spouse don’t think I can cut it?
And I’m sure there are other self-defeating thoughts you tell yourself are good reasons to throw in the towel. Don’t let yourself go down that path…change your perspective, starting now!
The good news is these are common fears – and they typically don’t end up coming true (and take heart, even if one of these things happens, if you’ve got the right strategy in place, you’ll know how to handle it with ease).
Tips for putting the A Factor in its rightful place – nowhere!
- Dealing with negativity and doubts from those around you? Ask yourself the question – the people who are expressing these doubts – have they started up a business before? If not, they have no right to give an opinion about it.
- The fact is the business world is changing and coaches and consultants will be needed more and more, particularly due to corporate with downsizing and because of disruptive technologies and industries.
- Your fears feel real but don’t let them control you. Feel the fear and do it anyway! Be sure to do that “Ask and You Will Receive” exercise I mentioned above.
- Watching the Rio Olympics has really reminded me of how struggle, angst and doubts make us stronger, regardless of the outcome. The athletes who have lost but come back again and again – their struggles have made them stronger.
- In order to have the confidence to leave secure employment to “create your own destiny” you need to have great trust in yourself (and potentially a higher power) that you will be guided every step of the way.
- The other thing that can happen is sometimes it isn’t the right time to start a business. And that’s perfectly okay, too. If you keep asking questions, you’ll intuitively know when the time is right for you. No one else can make that decision for you.
- Sometimes my clients decide to get that one last role before venturing out on their own… however doing that with a different lens – meaning they go forward with the mindset that they will prepare themselves and be able to “hit the ground running” once they do start up their consulting or coaching business after the next role. That’s what I had to do. I had to close down my first business Vision Street and went back to a job as a Sales Performance Executive. That experience provided me with new perspective, insight, experience and the credibility I needed to make my current business “Dream Business Creator” the success that it is.
The bottom line is if you have the desire and really know deep down that entrepreneurship is the path for you, then go for it! If you are persistent, you will succeed.
I love the quote by Deepak Chopra “Inherent in every intention and desire is the mechanics for its fulfillment. . .” If entrepreneurship is calling you, then trust the Universe to guide you on the path to your dream business. You can do this!
© Kim Chernecki 2016
Kim Chernecki is the President and Founder of The Dream Business Creator (and parent company Freedom Street Inc). Kim works with executives transitioning out of corporate North America and entrepreneurs who want to define, design, launch, and grow their dream consulting or executive coaching business so they can be on their way to a 6-figure + income and financial freedom. Her proven and practical methodology helps new entrepreneurs save thousands of dollars and months of time idling in start-up mode; and small business owners jump over the “not-seeing-the-results-I wanted” hurdles that keep them stuck. Visit Kim’s website at www.dreambusinesscreator.com.