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Fear of Failure and the Entrepreneurial Mindset

Fear of Failure and the Entrepreneurial Mindset

Fear of failure drives many people. They get stuck in status quo. An entrepreneurial mindset can help anyone conquer the fear of failure.

We launched “The Professor & Mary-Lynn” on YouTube today. We talked about the key to overcoming the fear of failure: think like an entrepreneur. Here’s a summary of what we talked about:

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Zig Ziglar F-E-A-R Quote_featured

F-E-A-R Has Two Meanings

Zig Ziglar F-E-A-R Quote

Hear George & Mary-Lynn discuss F-E-A-R on the BIGG Success Show Podcast. Click PLAY to listen

We love this quote from Zig Ziglar:

“F-E-A-R has two meanings:
‘Forget Everything and Run,’ or, ‘Face Everything and Rise.’
The choice is yours.”

He nails it on the head, doesn’t he? Fear is something we all have faced, and will face again. It’s inevitable, and it rears its ugly head our life, career, or business.

Based on our experience with it, here are 4 things to keep in mind about fear:

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Ask These Two Questions or Expect to Fail

ask these 2 questions for BIGG SuccessAn inquisitive nature is one of the secrets to BIGG success. But there are two questions which you can’t afford not to ask.

If you don’t ask these two questions, you can expect to fail. One of them will help you think bigger. The other one will help you move forward.

The question to think bigger

There’s a question children ask incessantly. They ask it so much that it can drive us adults absolutely crazy.

It’s a simple question but it packs of powerful punch. The question is:

Why?

Kids have a certain natural curiosity and a sense of wonderment about the world around them. It’s one of the secrets behind their creativity.

Yet we seem to lose it quickly. In fact, research shows that we lose most of our creativity by the time we leave the first grade.

We need to learn to ask “Why?” all over again. Only there’s not much to learn.

It’s more a state of being. But as adults, we have to begin with a state of consciousness.

We need to make asking “Why?” a habit. It won’t happen overnight. But you can develop this practice day by day.

What in your world demands asking “Why”?

The question to move forward

However, there’s another question which is just as important. In fact, it may be more important. Ask:

Why not?

What do you really want to do with your life? What’s holding you back?

Why not ask yourself “Why not”?

Why not go for it? Why not try? Why not just do it?

Why not stop regretting? Why not start living?

Why not give up the grind? Why not pursue your passions?

Most people are driven by fear. So ask yourself “Why not” so you really start to understand what you’re afraid of.

Many people tend to magnify the negative possibilities. They quickly get too scared to try to do anything to make their lives better.

People who reach BIGG success understand the negatives. They quickly work to minimize the negatives so they can take action without much risk.

Why not start living life on your own terms today? If you’re not sure where to start, maybe we can help.

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The Number One Reason You Are Not Getting Ahead

getting ahead in life for BIGG SuccessBIGG success is life on your own terms. The number one reason people don’t get ahead can be stated in just one term:

Choices.

Choose something

Many people are frozen by fear. So they do nothing. They don’t see this as a choice, but it is.

It’s a choice to remain average and ordinary. It’s a choice for the status quo. It’s a choice to remain stuck.

If you want to get ahead, do what the winners do: Choose to do something – even if it’s wrong!

When you try something, you learn. You now have a competitive advantage over the person who chose to do nothing.

Choose to live now

Okay, so you got out of your comfort zone. You tried something. Things didn’t turn out the way you hoped they would.

It’s at this point that many people make another harmful choice. They choose to demean themselves for the choice that didn’t work out.

For some people, there’s a ritual revolving around experiences like this. They feel bad. They feel like they failed. They start to beat themselves up – and not just for this one choice, but for almost every choice they ever made.

It’s a death spiral. It kills the spirit.

Winners know that outcomes won’t always equal expectations. So they choose to not worry about coming up short. They choose to tweak what they’re doing or to try something else.

They choose to live now, rather than in the past. They choose to only invest additional energy on things they can control, not things they can’t.

They choose to persevere, even if that means starting from scratch. And ultimately, it leads to BIGG success!

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Conquer This Paralyzing Pair of Fears

overcome paralyzing fears for BIGG SuccessMany people are too afraid to succeed. They are driven by the fear of failure.

The fear of the unknown is a frequent companion to this fear of failure. With this pair, it’s easy to get stuck like a wooly mammoth in a tar pit.

Only with humans, it leads to emotional death rather than a physical one.

BIGG success is about entrepreneuring your life – taking control to create the life of your dreams. Your life is your enterprise and you are the owner.

Do entrepreneurs experience this dismal duo – the fear of failure and the fear of the unknown?

Certainly.

As the entrepreneur of your life, how can you conquer these frightful fears? Let’s take them one at a time.

The fear of failure

You probably won’t really think about it this way. But you’ll feel it when it happens.

It will eat at you. You’ll have a sick feeling in the pit of your stomach. It will spur you to overcome inertia and take action.

Once you sense it, you will use the replacement technique. You will replace one fear with another.

Wait just a minute…isn’t fear something you need to stare down? Can fear be positive? Can fear drive you forward?

Absolutely.

You will replace your fear of failure with the fear of not trying.

More specifically, you’ll know you’re ready to do something BIGG when your fear of not trying overwhelms your fear of failure.

It’s really a conscious choice. You get to choose your regret.

The regret menu only has two items on it. You can regret what you did or you can regret what you didn’t do. Order one and it will be yours.

Most people don’t think about the second one. They are driven by the first. If they try something and fail, they’ll feel regret.

But both research and anecdotal evidence from people close to death show that regrets about what you didn’t do are tougher to overcome.

John Greenleaf Whittier said it best:

“For all sad words of tongue and pen, the saddest are these, “It might have been.”

You’re not most people. You’re a winner. You will be driven by what might be.

You can live with failure. You cannot accept not trying.

But it’s more than just that…

The fear of the unknown

We live in incredibly uncertain and volatile times. It terrifies the average person.

But you’re no ordinary human being. You’re extraordinary.

You accept the fact that you can’t predict the future. You have to create it yourself.

This isn’t a naïve point-of-view. In fact, it’s quite sophisticated. Because with this realization, like all successful entrepreneurs, you focus on the downside.

More specifically, you work to limit the risk of trying something. You begin actively engaging your mind with how to make it work.

Note that, while you’re doing this, most people are still listing off all the reasons that it won’t work. They continue to convince themselves that they would be a failure. And they will be.

But you’re busy mitigating the risk. Once you get the downside to an acceptable level, you give your idea a try.

You start small. You test it. You’re still in the research & development stage.

You’re learning while most people are worrying. Learn. Grow. Prosper. It leads to BIGG success.

How did you conquer your fears?

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