Managing the Fears of Starting a Business

Only a fraction of the people who consider starting a business actually follow through and launch one. Many factors hold them back. But none is more daunting than fear.
Fear itself is inevitable. We never know when some unforeseen event may trigger it. This leaves us but two choices. We will either manage our fears. Or our fears will manage us. Success with your business startup depends largely on which choice you make.
Here then is a seven-step process for managing the fears which may come with owning a small business.

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Is a Home-Based Business Right for You?

The reasons for choosing to base your business out of your home typically revolve around three issues: reducing the cost for office space, having more time for interaction with the family, and eliminating the commute. Another consideration is convenience. Convenience is a biggie; for me. Based on your personality and self-discipline, however, convenience can be a two-edged sword..Even though people often start a home-based business to have more time with their family, the very convenience of having an office down the hall frequently works against that goal. It’s just too easy to have dinner with the family, then slip back to the office to do a little more work.

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