Inspirational tips and thoughts to motivate and stimulate thought.
Entrepreneurs, new business owners and even bloggers often pop up on the scene with vigour and motivation. Driven by determination to see our projects succeed we invest time, money and effort in the project or business to ensure that it has the best chance to succeed.
When we start doing something new it can be very intimidating – especially if it is the first time we are doing it. There is risk involved in entrepreneurship as in all business ventures and it is possible to be paralysed by the fear of failure to the point that we miss valuable business opportunities
Profits may be the most popular metric of measuring the success of a business venture but it is by no means the only (or the best) method for measuring success. Most start-ups are not profitable at the beginning of operation and many are not profitable for years.
A lot of people are scared of competition because they fear they will lose business. Thoughts such as “what if the competion is cheaper?” or “what if they offer better quality products or services?” tend to creep into the mind of small business owners when someone new enters the industry.
It is not always easy to wake up and go to work. It may be a bit easier if you work for yourself but there are still days when you just are not in the mood to do any work. If you do not make a conscious effort these days may occur so often that it hinders productivity and performance.
The world can be a scary place for an introvert with a great business idea, but a reluctance to express these views in public. Fear of ridicule, criticism, failure and doubts of one’s own ability can be crippling to the point of holding back ideas and stifling creativity.