Fear of failure in business is expected. After all, you are starting a business to be successful. When you intentionally confront your fears, they lose power over your actions.
You’ll be able to read on to learn more about the four fatal fears, how to overcome them, and how to improve your mindset for the better.
Psychologist Maxie Maultsby’s concept of the Four Fatal Fears includes:
Although these are four fatal fears, some professionals may add dozens. Fears in business are normal. How you react in the face of fear will define your leadership style and the success of your business. In Play to Win by Larry and Hersh Wilson, we learn that ego is tied to many of the above fears. “I don’t want to be wrong, so I must be right” leaves little room for reflection and thought adjustments.
Consider your younger self and your older self. What advice would they give you? What would you do if you didn’t have fear?
The four fatal fears are just names for emotions and scenarios that likely aren’t true. If you can pick up a fear, you can also put it down.
To overcome fear, consider these exercises:
Sometimes, entrepreneurs have a fear of being unsuccessful, but they also have a fear of being successful.
Asking “If I succeed, what will my friends think of me?” has as much influence as “If I fail, what will my friends think of me?”. This slight shift in perspective can help change your perspective of the four fatal fears. Fear can be a good motivator initially, but you cannot live in fear without it negatively affecting you, your business, and your relationships.
We all harbor fears, and my coaching clients have heard me refer to it as “head trash.” If you would like to explore solutions for your fatal fears in your business, click here for a complimentary video meeting with me. I am an expert at exorcising your head trash fears.
Coach Dave
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