What is a Start-Up?
A startup company is one that is in the early stages of its operations.
Often bankrolled by their entrepreneurial founders, most are small-size operations and are not sustainable in the long term without additional funding.
Congratulations on that situation! You’ve just embarked on a high-risk endeavor that could possibly fail. “As an entrepreneur, I know about failure,” said Neil Patel, a Forbes contributor.
Fear of Failure
What is the source of your fear of failure?
A Fear of Failure may keep you from taking the required efforts to build a successful company. Hard work and courage is required for success, and whether or not you do well with your start-up, is contingent on how much labor, study, and due diligence you put into it along the way. Starting a business is much like going back to school — each milestone could take up to 40 hours of research and effort! Success is, in essence, the consequence of hard labor and perseverance. So, if you’re prepared to put in the effort, and not give up, you don’t have to be afraid of failure. Because you will eventually succeed.
Some fear of failure can be a healthy thing, but it should motivate you. Who wants to be a failure, right? Remember that 90% of us will fail many times, before we succeed. That does not make us failures as persons. We have to recognize that the initiative or venture, not the people, failed. It’s an incredible asset to be willing to work hard, learn from mistakes, and keep going. It’s what you learn from your mistakes that will help you succeed next time. Look at Steve Jobs, the Apollo Program, or Google as examples, their failures did not prevent them from achieving extraordinary success. In each case, the individual, team, or corporation was unafraid of the challenges that lay ahead. They were all amazing success stories, eventually.
Your Next Start-Up
As you embark on your next startup venture, your aim is not to focus on fear of failure, but to adhere to success principles.
- Surround yourself with positive people who recognize that success comes from hard work.
- Accept and celebrate the opportunity when a challenge arises.
- Understand how to pivot (quickly). Also, failure should never be taken personally. Rather, treat each setback as a stepping stone toward success, and be grateful for the wisdom that is earned through trial and error.
Congratulations on your next big victory, and on everything you learn along the way!
If you need the support of a trustworthy partner like Pushleads, we’d love to connect with you!
Thank you for stopping by today. If you enjoyed this article you may also like: How Do I Pick a Name for My Business?
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