Entrepreneur

Keys to Success and The 5 Fears That Hold Entrepreneurs Back

88 comments

Success (and failure) is a choice.

There are plenty of fears and excuses that hold us back from getting what we want as entrepreneurs.

When I started out in business, this was my conversation:

“I’m young and I’ve never had a real job, why would anyone hire me without the experience?”

and…

“I still don’t have my college degree so I’m not smart enough to teach anyone this stuff.”

and..

“I’m just a washed up football jock who didn’t even make it to the NFL. If I couldn’t make that happen how will I make this happen?”

and…

“I’m sleeping on my sisters couch, if my client finds that out, they will drop me for sure!!!”

The thing is, there will always be some conversation that will try to hold you back.

It’s up to you to listen to it, or break through and make greatness happen no matter what.

In today’s video we’re going to discuss the 5 fears that are holding entrepreneurs back and how to unlock them to reach your success:

Keys to Success for Entrepreneurs

“The worst lies are the lies we tell ourselves. We live in denial of what we do, even what we think. We do this because we’re afraid” – Richard Bach

The 5 Lies and Fears of Entrepreneurs

Ah yes.  Those dirty little lies.

What have you been telling yourself all these years?

What’s really holding you back?  Here’s the five common ones I hear from most entrepreneurs:

1. Don’t Believe in Yourself –

The key to breaking this is building small wins each day so you can gain the confidence you need to take on a bigger game in your business.  Make it a game to see how many small victories each day you can have.  This can as simple as not checking email every hour, or completing one simple task each day by the deadline you create for yourself.

2. Need a Product Before You Can Sell-

This is a common one.  You think you need to have the perfect product finished before you can start selling it.  When you can use the bootcamp model or presell something to see how many people are willing to buy it before you spend months and months creating something that no one will buy.  Sell your product before you create it.

3. You Try to Be Perfect

“I NEED THE PERFECT LOGO!!!”  I hear the logo design story so much it makes me want to puke.  No one cares about your logo, nor the font size that’s on your site.  Yes it’s important to make things great and you can certainly do this by upgrading over time, but good and profitable is better than perfect and never done.  Get things done.  Be a person who finishes even if it’s not yet perfect.

4. You Need Funding or an Investor-

This is BS.  I know so many entrepreneurs who started in debt, and built everything with hustle, relationships, building their audience, and sweat equity.  Time to get creative and start thinking like an entrepreneur instead of thinking like someone who works in a cubicle.  Jump out of your box!

5. Lack the Experience/Knowledge-

Come on now.  With everything that’s available online you are telling me you can’t learn what you need to?  You can either find a mentor, study free resources online, or mimic successful processes. There are so many ways to find the knowledge and get the experience you need to prove that you have the chops to be a great entrepreneur.

What’s Your Fear?

##

These are just 5 big things that hold entrepreneurs back – but there are a lot more.  Each person has different fears that keep you from your greatness, and it’s your responsibility to identify them.

In the comments section below share what your fears are.  Are they any from the 5 above, or something else?  Thanks for sharing and be sure to post this article on Twitter of Facebook for your entrepreneur buddies who are in denial of their fears as well :)

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79 comments
krystal1982
krystal1982

Hi Lewis

My biggest fear is that I dont succeed yet again, I get so far then something always happens and it gets put on the "backburner" money is always an issue to move forward or if people are negative towards not only the business but myself personally. Trying to find that one thing to succeed in is also hard

Any suggestions greatly appreciated

Krystal

jwphoto
jwphoto

My butt fits in my chair to the point of not wanting to get out of it. Fear of failure & my biggest demon FAILURE....en theos,,,j

Great_Yo
Great_Yo

My greatest fear is that I'm starting to believe my critics. I seem to have the bad luck, misfortune (fill in the blank) of attracting negative people. I believe this stems from a poor relationship with my Mom. She's a very hard person to love; kinda mean actually. (Her story is very long, so I won't get into it, but I "get" her pain. She's just never grew from it.) So since I know that personality so well, when I come across someone like that, I show empathy & friendship; it's not long before I'm in over my head & the person starts to take advantage of my good nature. It's been hard to shake this. Anyway, logic tells me all the right stuff, but that little voice in my head whispers "give up". I get exhausted trying to convince myself to keep going, keep pushing, keep moving forward. I've made some slow strides at building distance between myself and negative people, but some of these people are unavoidable. I've thought about going back to school to become a counselor, but I feel unworthy. If I could flip things around... still attract negative people, but in my domain: an office setting where I'll get paid! And the chances of my client turning things around on me is diminished because I'd be in the drivers seat. There's so much more I want to do, but on the topic of "fear"... my counselor interest fit best as an example.

mbridges
mbridges

I love how you embrace and reverse the fears. My biggest fear is not being good enough or have the quality to success

coachgreeno
coachgreeno

Great stuff! You are right on the money with me that's for sure.

AMARTIN89
AMARTIN89

Hi Lewis! Thanks for sharing this video with me. The things holding me back are lack of confidence, being afraid of failure, and not knowing where to start. I know exactly what I want to do, but I don't know how to get it started. I suppose these are the things that make people give up so easily. Hopefully I will beat my fears and figure this thing out because I know it is a great idea and could help thousands of people. I just have to figure out how to get it started and make it work. 

Johnnie_L
Johnnie_L

Hi Lewis,  Great post and great information.  I recently lost my job and have been using the last couple of weeks to try to find that "thing" I can be passionate about to enable me to own my own business and create a life for my family and myself better than I could ever dream of. 

Your challenge question at the end of "What's holding me back?" really got me thinking and analyzing myself. What I realized that's holding me back is my fear of what others will think of me.  This is a big one for me and I now realize that I need to build a bridge and get over it.  Others will always have an opinion no matter what I do or they may not even care, I just think they do.  Now I just need to figure out a way to make that mental switch in my head and not care and focus on my goals.  Any additional advice on overcoming this would be appreciated.


soahum_b
soahum_b

My biggest fear is that I've started thinking that what I have is enough. I know that I want more ... But I'm not motivated enough to aim for more. It's like I'm content but I'm not ... Im so confused. I want to but I don't know what I want to.

Alex TF
Alex TF

Thank you Lewis, really insightful information.


My personal biggest fear:

- I believe I have to be in the perfect environment to start working in my product or service. I believe the market is not adequate or developed enough to offer some product or service. I fear that what I have will not be interesting enough  in the place where I am launching it.


 - How I plan to overcome this fear?  Entrepreneurs see opportunities where others don't, look for things that need to be fixed or that simply can work better. Create a market need. And of course it involves having confidence in what I can deliver, my skills.


Feedback will be welcomed... 


ravimgnair
ravimgnair

My biggest shackle is the fear that I should have to take advantage of my friends, colleagues and my group members in the event of my stepping to market a thing, and what happens if it turns out to be unsuccessful. Nature’s law is that if you turn out successful in anything for that sake, people will start accepting you, if not they will not approve your failure irrespective of the efforts taken by you. Just one example, how many athletes and Olympic participants are not recognized just because they could not make their way at that point in time, whereas for those who could at that point in time are. Your short video was so exciting and there is a beautiful lesson; what if one fails in one or two or many attempts, take it as a challenge and leverage it as a step to your success. Awesome…Lewis…

becoming_a_millionaire
becoming_a_millionaire

My biggest fear is needing the money or sometype of money from outside investors. I have barely any money and I have products that I want to sell on Amazon. Help what do I do

David Archer
David Archer

1. Why sell when you can promote. If you can promote current products in Amazon. Don't expect your product to be able to do the same. Amazon has customers. It is your job to market not create. When you can sell existing products. You can sell your.

2. If have barely any. Take any jobs. Get your meals settle. If you can't. Watch nightcrawler. Very good for hustling.

QuietFire
QuietFire

My fears are what you have described in your video, nothing out of the ordinary. I am sick and tired of procrastinating and living in self doubt and coming up with excuses. UGH!! This is the first time I have posted these feelings or posted anything online! so doing this is a big step for me. I have been listening to and have been inspired by you Lewis and by these other great people - Tim Ferriss, Peter Sage, Ryan Holiday, Joel Runyon, Daniel Pink, Tai Lopez and the amazing Jim Kwik. 

janetmarie55
janetmarie55

Way to go! Making your voice public an sharing your thoughts and awareness has just impacted the universe. Thanks

etalgrp
etalgrp

Hi Lewis,

All the way from Australia would like to thank you for the positive vibes and how influential you have made in my life, I am humbled and in gratitude with your learnings. Have made it now my life goal to change the inner demons from within and face my fear of failure. Look forward to one day see you do the circuits in Australia preferably Melbourne.

Luis

Austin_Hulsey
Austin_Hulsey

Lewis...Great insight bro! I would have to say my biggest fear or block would be lack of belief in myself and lack of money. It's great to find someone who is passionate about helping others succeed. Thanks man!

QueenofDiamonds
QueenofDiamonds

Mine is not having a live mentor (vs virtual ones like you!) who I can go to for guidance specifically in tourism real estate development.

janetmarie55
janetmarie55

Lewis... how I got led to your info is a God sent and yes the twinkle in your eyes shows passion for your mission.

All fears ring true... the one that's the stopper for me is belief in myself and my product.

Shiny objects/distractions through me off track, but I'm using more blinders and getting better.

Thanks for the great insight and happy new year!


DaveGoodwin
DaveGoodwin

Finding the right business opportunity, a reliable and trustworthy mentor and the disposbale income to start it

RomeVanService
RomeVanService

Very useful content, I would say that you are to modest  to be millionaire. Thanks a lot Lewis for your honesty...

peach2C
peach2C

For me, it's the lack of sufficient knowledge. This video was a really big inspiration because I'm no longer afraid only empowered to seek out what I really need to get going here. Thanks Lewis!

RomeVanService
RomeVanService

I founded what I was looking for, basic knowledge, modesty, experience and professionalism not meaningless words.Thank you very much Lewis...

Cheg84
Cheg84

1. Self doubt

2. Don't believe

3. Aptitude

Kamal60
Kamal60

1. Knowledge

2. Startup money

3. Inferior

taranrgrace
taranrgrace

Fear of not knowing how to market effectively to reach my target group!!

AntwonMorris
AntwonMorris

I am so glad to have found this site. I actually promoted an event for a free Ebook that I eventually plan on selling. Your information has been golden is really pushing me to do what I have always felt! I'm sucking up as much Knowledge as possible on here. 

Thanks for Everything Lewis!

CoachJohnKim
CoachJohnKim

Being an information junkie and getting distracted overwhelmed

SoupToni
SoupToni

Not having a concrete idea of what online business to set up

JockV
JockV

No excuses, Just Do and Learn

DianaLidstone
DianaLidstone

I have just found you!  And this is the first set of tips!  Right to the heart of the matter.  I always thought I was a rather confident person.  However, over the last year I discovered I didn't believe in myself and have always 'played small'.  That 'negative choir' that sat on my shoulder is dwindling thanks to a mindset coach but it is a daily challenge.  My word is BELIEVE.  I believe in myself and my abilities.  All this to say -- there are many out there with these 5 fears (and some don't know they have them)!  Thanks

JohnMaduforo
JohnMaduforo

Jeez... Lewis you hit the nail on the head when you mentioned "we always try to be perfect" and end up doing nothing with so much time. After this video and your podcast on how to make one million online. I realized the need to just start. And then taliking about mentors, its really key and you are a mentor who is not so afar as I have access to you via these resources. Thanks man.

John

kara_proehl
kara_proehl

My biggest shackle is feeding into the need to prove myself instead of just being...being myself 100% and knowing it's the most important thing each of us can do in this life. Working on it!

Ivan Milkovic
Ivan Milkovic

I scored 2 of 5 haha! Thanks Lewis! Great material!

ADBrown
ADBrown

Perfectionism. Fear of being judged if I launch a product that isn't perfect.

Mermere
Mermere

Indecisiveness and an inability to choose WHAT of all the many ideas I have to choose from that I'm going to implement into successful ventures.

Gibbo13
Gibbo13

Hi Lewis,


Thanks for the great video very true. 

Biggest fear is definitely following my passion and failing.

hashimPola
hashimPola

My biggest shackel may be the environment i live in sometimes.

darronhilaire
darronhilaire

Hi Lewis,


Thank you for this. This post is practical, relevant, to-the-point, and mind altering. It has dispelled so many myths that I held when I considered taking the next step as an entrepreneur. You have become my mentor. I feel like a window has opened, and I so look forward to working with you, and learning from your insights and what you share with the world. Continue to be awesome! 


Thank You!

GraceChan
GraceChan

Hey Lewis,


Thanks for the cool video. I've drastically changed my life and at least temporarily burned my bridges to help me become more dedicated towards starting my own business, so that there's nowhere to run but forward. Deep down I do believe in myself and my ability to land on my feet, I guess just currently I'm lacking confidence. But yeah, listening to your story and watching your videos helps.

Cheers for putting this resource out there,


Grace

NavidMoazzez
NavidMoazzez

Hey Lewis,

Awesome video and very valuable post, thanks for sharing this with us!

I am Lifestyle Entrepreneur from Stockholm, and I just started my entrepreneurial journey not long ago. I tried to make everything perfect for a very long time till I just decided to start, take the first step and take massive action to achieve my ultimate goals and dreams in life. It doesn't have to be perfect to start, and now I just try to get things done instead, and improve over time. I can relate to all the 5 fears listed in this post, great stuff!

All the best,

Navid

PeterScottIV
PeterScottIV

Hey Lewis - Thanks so much man for this incredibly valuable content.  As a fellow Lifestyle Entrepreneur from Ohio, I can relate to all 5 of these fears. 

Keep sharing your authentic and vulnerable self.

Peter

Jan Koch
Jan Koch

Hi Lewis,

this post is so incredible valuable, thanks for sharing this!

Entrepreneurs just need to make the first small step to become successful, that's what resonates with my experiences most.

Best regards,

Jan

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