Good ideas are literally a dime a dozen. Individuals conceptualize revolutionary new products and new services with each passing minute of each day. Although there is such a steady stream of ideas that can be marketed successfully and developed into a lucrative business, there are actually few new businesses that make it past the initial stages into actual existence. Why is this, and what factors contribute to the abandonment of great ideas that could’ve possibly netted the creators a small fortune? Fear can also be unhealthy when an individual experiences such fear that it leads to inaction and the business never really gets off the ground as a result. They can be seen by their family and friends as mere schemers/ daydreamers.
There seem to be two major psychological forces at work when a great idea is abandoned before completion or a business fails for no apparent reason. These two psychological syndromes are. It is a very frightening prospect to start and maintain a home-based business. There’s no doubt about that. And every business owner feels the “fear” of being responsible for their own destinies, and for their own futures. It’s quite common, to be somewhat nervous and stressed about our businesses, especially in the beginning. Conquering this fear is a necessity, however, as no one can be effective in a business if they allow the fear to overwhelm them. Fear can be healthy in a way, as it can keep an individual alert and aware of any failures of the business, which thwarts problems before they start.
The two fears above seem to be the most prominent among new business owners. In the first, Fear of Success, a new business owner may have a great idea, and may develop every facet of the business thoroughly, yet they never seem to “open” the doors of the business. They may find excuse after excuse, why they can’t really put the business into play, although all facets of the business are established. They may find that they run into repeated crises in their lives, sickness of themselves or a loved one, disasters that are not “really” disasters crop up repeatedly. This is simple Fear of Success, and part of a psychological pattern.
Although crises do occur to us all, we go on with life despite these, and no one has crises that are continuous. A business owner with this syndrome is merely afraid that success will “change” their lives and they are afraid they won’t be able to cope with the changes. Of course, success will change someone’s life. However, the Fear of Success can be so overwhelming, that some new business owners simply let the business fall by the wayside, thereby ensuring its failure. After all, if the business fails to get started or to succeed, they never have to face the reality of their Fear of Success.
The second fear is just as detrimental as the Fear of Success. This fear is the Fear of Failure. This fear seems slightly more common and is characterized by the inability of future business owners to even get “started” with any plans or any concrete method of establishing a business. They constantly procrastinate in even the most simple of business chores. They fail to ever establish the business in any way, and for the most part are always promising to “start tomorrow”, only tomorrow may never come. They also may jump from “idea to idea” always hatching a new plan for the next great business. Unfortunately, the plans are the only thing that is ever hatched, as nothing concrete ever materializes.