Finance

How to Overcome Your Hesitation When Going into Entrepreneurship

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Working for yourself sounds great, until you start thinking about all of the risks that come with entrepreneurship. Hesitation about those things is normal, and probably smart. However, it shouldn’t hold you back from pursuing your dreams and ambitions. If you’re a budding entrepreneur, here are a few ways to overcome the hesitation that’s holding you back.

Work With a Business Coach

While being an entrepreneur is all about owning your own business and being your own boss, you don’t need to do everything alone. Especially in the early stages of your business, guidance is so essential to avoid common pitfalls and blind spots. A business coach can give this to you, showing you how to get started while mitigating the risk that comes with entrepreneurship. According to Entrepreneur, your business coach can help you navigate this new terrain and turn your idea into something marketable. They can help you find ways to have a good work-life balance, make excellent business goals, and learn what risks you should and shouldn’t take.

Start a Franchise

If one of your biggest concerns is the success of your business, then one way to set yourself up for it is by joining a franchise. A franchise is a much safer investment for many reasons. According to Franchise Gator, franchise owners have an easier time securing SBA loans. This is because there is generally more security in a franchise, so it is less of a risk to provide one with a loan. Franchises already have an established customer base, brand recognition, and fairly high profits. You may have slightly less creative power, but in turn have more support behind you and less to worry about as far as creating revenue.

Learn to Set Goals

Having clear organization and a plan can help you to overcome your hesitancy. If you have a vision of what you want and a way to achieve it, then there is less for you to be worried about. Start by learning how to make goals. First and foremost, University of Notre Dame recommends you know what the aim of your business is as a whole. Then you should break that down into smaller goals. Your goals need to be specific and easily measurable. It can be helpful if you tell someone who will follow up with your goals, because then you have external accountability.

Going into entrepreneurship can be nerve-wracking for anyone. If you want to find success as an entrepreneur, you need to first find ways to overcome any worries or hesitancy you may be experiencing. Once your worries are resolved, you can move forward with confidence!

Read this next: How to Feel Confident for a Networking Event


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