Obstacles that get in the way of your success as an entrepreneur
Being an entrepreneur takes guts.
It isn’t for the fate of the heart. As you take on the task of building your own business, there will be a lot of hurdles. But while you may be anticipating the external hurdles like financial stressors, you should also consider some of the more personal obstacles that you will have to work through.
Perfectionism
According to YouInc, trying to do everything perfectly can result in tunnel vision. When you have tunnel vision as an entrepreneur, you become more rigid, and it becomes more difficult to adapt when new situations come your way. For example, as a young used car dealer, you will face situation after situation where a buyer backs out or where a seller is late, or where a car has issues that you did not expect.
Learning to let little issues slide to achieve your bigger goals will help you not only move forward and be successful but will also help you feel more motivated.
Fear
Being afraid of failure might also be inhibiting you from building the business of your dreams. For a lot of prospective entrepreneurs, the main fear they face is not being able to make enough money to get the business up and rolling. According to Franchise Gator, not getting the financing needed is a common fear among entrepreneurs. And then, they fear not having success when they finally do.
Figuring out how to combat this fear is different for everyone. But start by developing a solid business plan. Work through the gaps and the holes in your ideas. As you do this, you’ll be able to make your fears into more concrete and specific issues to figure out instead of looming scary amorphous threats.
Stubbornness
Another big obstacle for entrepreneurs is their own stubbornness. When you build a business from scratch, you naturally get attached to it. But becoming so attached to your business and its current setup can result in missing opportunities or becoming irrelevant quickly.
Figure out how to channel your stubbornness differently. According to EBI Career College, instead of trying to hold onto your current business plan when your data shows it’s not working, you should direct that stubbornness towards finding the best way to tweak your business approach to maximize your offerings and attract the most customers.
While working through things like perfectionism and stubbornness will certainly help you as an entrepreneur, don’t let yourself get too hung up about these things. Ultimately, you can position these different obstacles as strengths. And if you work at it and are willing to pivot when necessary, you’ll be able to get your business off the ground.
Read this next: How to Overcome Obstacles to Your Career Success
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