The idea of taking a risk can get really scary, especially if you are an entrepreneur. After you have started your own business, the fear of failure can really take over and lead to a whole lot of stress and anxiety.
Of course being an entrepreneur is not simple and taking risks are very natural for people belonging to this field, but that of course doesn’t mean you cannot overcome this feeling.
We have compiled some really interesting and unique ideas that will hopefully dissolve these feelings and allow you to handle risks like a pro. Don’t believe us? Keep reading!
Tips to Overcome Fear of Risk Taking and Achieve Success:
1. So what does it really mean to take risks?
Taking risks is not easy. It means to go out of your way for something that could either uplift you or crash you down.
If we put it in simpler words, risks involve uncertainty and the possibility of failure and rejection. And of course this can get very scary, especially if you haven’t taken any risks before.
However we can help you develop an interesting pattern using which you can overcome the fear of taking risks and become more comfortable with situations like these.
2. Start off with tiny goals:
Set yourself some really small goals if you want to overcome the fear. Plus if you want to become comfortable with situations like this, make sure you have focused on something small at first. After that, you can build your way up.
Some of them should scare you while others should make you feel comfortable. That is of course a great way to start off. So by the time you reach a position where a big risk comes your way, you will not be all that stressed.
3. Know the benefits of taking risk:
Even though it isn’t very easy to take risk, you must know that fear is not going to help your business in any way to become successful.
Even though success is something that can never be promised, fear is something that makes zero sense and is completely illogical. What you worried about could be a very unlikely result.
So try not to stress over something like that. You should always learn and understand that failure is something that will not always hurt.
It is just the fear of losing, that will hold you down. In fact, great men like Michel De Montaigne have said that people who worry will have to suffer because he is worried so much in the first place.
4. Know that risks are a part of life:
Mark Organ who happens to the founder and CEO of a marketing software known as Influtive came up with his own company when he was only a teenager. And before this happened in his life, he was also the founder and CEO of another famous company and software organization called Eloqa.
Since he is one of the most popular and well established entrepreneurs of all times, he spoke about this life as an entrepreneur and mentioned how risky this field can be.
He said that if you want to be successful in life as an entrepreneur, you have to know how to take risks. The more risk you take, the bigger your chance of making a profit.
5. Learn more about the market and current affairs:
Organ had once also said that one of the best ways in which you can handle risk is by developing a good and deep understanding of the market. He also mentioned that when we was young, he did spend a whole lot of time on the road speaking to all customers and dealing with prospects. He tried to learn about the new technologies and how they have an impact on the products.
The whole point is when you happen to have research like this, you tend to keep away from all the mistakes that occur. The more you know about the market, the more you know whether taking risks would be worth it or not. You also get to know about the customer base and in that way you can minimize the loss.
6. Be with people who are in the same page as you:
If you want to overcome the fear of taking risks, surround yourself with people who are on the same page as you are. By this we mean, be with those who are also taking risks. This will keep you encouraged and you will automatically work hard towards reaching your goals.
What risk takers do is that they push you to take more chances and that could help you gather more experience. Some successful entrepreneurs today have mentioned in their biography that their friends kept them going in this field.
7. Do not allow risk to scare you:
If you want to be successful in any kind of business, do know that it is very important to overcome the fear of risk and uncertainty.
Experts have also said that it is important to just look at risk like it is natural and that it can be used to your advantage.
The entrepreneurs should also make sure to find any opportunity they can to overcome the risk… whether it includes the customers or even themselves. They should also continue to charge a very good amount for the service being provided.
8. Do not stress yourself about the pros and cons:
When you are going to take some risk, make sure you have done some research. Also go with your gut. If you are having a good feeling about this, probably it will turn out right.
But never make the mistake of weighing the pros and cons all the time. That will make you feel very upset and you might lose courage as well. So if your gut is saying yes, then don’t let fear take over your life and dishearten you.
Instead try to adapt yourself according to the situation. Plus the faster you begin to take action about something, the quicker you will get good results.
9. Write it down on a piece of paper:
This is one of the most useful techniques you can implement if you want to overcome the fear of taking risks. Sometimes the things we are so worried about are absolutely illogical.
So what should you do?
Write down on a piece of paper all the things that you are worried about the most. Read them all and see whether they are all logical or not. You will also realize that some of the things you are thinking of actually don’t make any sense. It could be a great way to overcome fear and stress.
10. Be aware of yourself:
When you are aware of yourself, half of your problems will be solved. You should know what you are so scared of. Is it fear of failure or change or rejection Fear of failure infact is one of the most common fears people have often faced. Another kind is rejection.
A lot of people are worried about whether their work or business will not be good enough to satisfy the client. This is why a lot of others limit themselves and at the end, they are not able to achieve what they are truly capable of.
When you think of failure and rejection or maybe even humiliation, you are often filled with fear. But if you become aware, maybe it won’t be that hurtful.
Now this is something you will rarely hear, but if you want to overcome fear you should meditate. A bit of yoga will also do you no harm.
In fact, meditation and yoga will quieten your mind and help you achieve peace and tranquillity. It could be a great way to overcome feelings of fear and tension.
People who meditate tend to be more aware and fearless than those who don’t. So if you want to be a risk taker, meditate.
12. Challenge Yourself:
The final thing you should do is challenge yourself. When you realize how silly your fear or risk was, you should begin to challenge yourself. Believe it or not, it will take you a very long way.
Not just that, you will begin to feel more liberated after this. Plus when people challenge themselves, they become more aware of who they are as people and what can really help them overcome the situation.
At the end of the post, we would like to challenge you to take a risk. Always remember that losing and gaining is a natural part of life. But you must know how to take control of your emotions so that you can overcome fears when the time comes. Hopefully this article has helped you in some way.
If you have some ideas or opinions you would like to express, feel free to drop a comment below. Also in case you have a couple of questions, we would like to answer them all. So drop in your thoughts right away.