Use Fear of Failure to Fuel you Future Success
Are you letting self-doubt and fear of failure paralyze you?
Are you afraid to start a new business or accomplish something new?
What’s the worst that could happen?
It doesn’t matter to you what other people think. They are not the determiners of your success—you are. Most of those people whose judgement you fear, you don’t care about or even like. So why are you letting them and what they think stop you from achieving your goodness?
Use fear to propel yourself forward to achieve your goals. Find out what’s on the other side of fear. Step outside of that box of safety that fear has you in. You’re not going to find anything good in there.
Let’s talk about the Fear of Failure. You cannot have success without failure they are like yin and yang. You can’t achieve something if you don’t try. Sometimes you have to try again, and again, and again as many times as you need to become a successful.
I am embarking on a scary journey this year. I’m going to spend the next year trying to match my current j.o.b.’s income from my side hustles and then depart from my main hustle completely. Making the switch to my side hustles full time.
I am fearful, but I’m not letting it stop me because I know that if I work hard, I can achieve anything, and if I invest in myself just one percent a day, I can have exponential greatness at the end of this next year.
I know that I am great beyond measure, do you?
The founder of Spanx, Sara Blakely, said at dinnertime her father would ask her and her brother what they failed at that day. He did this in an effort to encourage them to try new things, and if they didn’t have an answer, he was genuinely disappointed. It made her put herself out there and not be afraid to try new things. Her father wanted her to be a no-limit person and to achieve whatever it was that she wanted to accomplish.
Look at her now, a billionaire brand, and she did it all by herself. Of course she had help behind the scenes, because Team Work Makes the Dream Work, but she came up with it all by herself, and she put in the sweat equity to reach that goal. I want you to look at failure and reframe it, instead of looking at failures as the end of a race or the end of a long journey, look at it as a necessary step to get to the next thing.
The following concepts will help you to overcome your fear of failure.
The first concept I have is what’s the worst that can happen when you try to start a business? You might get embarrassed, and you might lose some investment (represented as time, money, and people.) That’s honestly about it. That’s about the worst that can happen.
Let’s talk about embarrassment.
If you look at one of my YouTube videos where I said “I don’t care what they think,” and I mean it. Why do you care what someone else thinks? Why do you care about what “they” believe enough to let yourself feel embarrassed or let it stop you from trying to achieve your goals?
Again, most people you’re afraid of being embarrassed in front of don’t care about you.
Let’s talk about loss of investment.
Time and money. This is why I recommend starting with a side hustle before starting a full-time business. It gives you a chance to wade into the process. You can invest a smaller amounts of money and time than if you switched entirely to a full-time business versus your side hustle.
Invest what you can afford to lose. Do your research. Do your planning. Write out an action plan and make sure it’s sound, and then go forward. There’s no reason you should really lose out, and if you do lose some of your investment, you usually have something to show for it. For instance you’d have capital if you bought equipment. You can sell it back. Establishment of a business, an LLC, or partnership, etc. You’ll still have that, and you can use it for another business. You don’t have to dissolve it.
Let’s talk about time.
I’ve embarked on this journey to do multiple YouTube videos a week and bring you this blog as well as the Military Transition Blog. I already realize that I bit off a lot, not more than I can chew, but a lot, but I’m going forward because I want it.
I want the result at the end. I want to see what can happen. I want to help you receive the, education, and knowledge you need to be the best entrepreneur you can. I want to weaponize your hustle and your grind, and teach you about building generational wealth.
At the end of the year, when I want to quit my main job, I’ll have the income, the resources, and the email lists, to build more and more businesses. That’s worth the investment to me.
So if you’re ever afraid of losing time or money, ask yourself, “Can you repurpose that investment?”, then it’s not really a loss, and it’s definitely not a failure. I want you to ask yourself, what was the last thing you failed at? If you have to think too hard and too long, you’re in a box, and you need to get yourself out of that.
The next time you fail, ask yourself these five questions.
- What didn’t work?
9 out of 10 times, it was probably the effort you put into or the research that you did for. That’s probably why it failed, not anything outside of that. So put in more effort, and do more research, and maybe you’ll succeed the next time.
- How much of that failure was in the realm of my control?
If you can control it, fix it, and if you can’t control it, work around it.
- How can I use my influence to turn this failure into a success?
What do you know?
Who do you know?
How can you overcome this the next time?
Who can you get to help you?
- What steps I need to take to try again?
Repurpose your plan. Switch up your plan of action and try it again.
- What can I do every day to make sure this doesn’t happen again?
So you can do it more intelligently the next time. I want you to know that failure does not define you. You need failure to succeed. It’s like Yin and Yang. It’s like darkness in light. One cannot exist without the other.
Invest in yourself just one percent a day and reach exponential and phenomenal greatness at the end of the year.