8 Steps To Becoming A Fearless Entrepreneur (And Step Away From Being A Fearful Employee)

8 Steps To Becoming A Fearless Entrepreneur (And Step Away From Being A Fearful Employee)

You have been working your 9 to 5 for some time now but there’s been an idea growing on your mind lately - running your own business. If you’re still stuck in your job, it means the thing that’s holding you back is probably the fear of not making it. That much dreaded word 'failure' is a huge obstacle.

Entrepreneurship does not come easy. However, having the right plan and taking concrete steps to build up your own business can be rewarding in the long run despite the risks. There is no right time to quit your job and start a job and there never will be. If you want to quit your job and start a business, now is as good a time as any. All you have to do is prepare for it and bite the bullet.

If you want to be your own boss and work for yourself, you cannot just sit around nurturing idly on your ideas. You have to make the hardest step first – getting started. Many people hold themselves back because frankly they don’t even have a clue how or where to start in the first place so they get overwhelmed and give up before they have even started.

Truth is, you have to start with a proper plan in mind and perseverance. If you’re ready to quit delaying and postponing until the time is right (hint: the perfect time  NEVER arrives) then, to get you started, here are some basic steps to point you in the right direction.

1. Research, Research, Research!

The last thing you want to do is jump off a cliff without a safety net. You leave your steady job just to find out the idea you had was not as viable as you thought after all. That's why there are no alternatives to a well-thought out research of your business idea. Ask questions like, does my service solve a problem people are having? Is there heavy competitions in what I want to do? (note heavy competition doesn’t necessarily mean you shouldn’t enter a market and can be an indication that there are plenty of people with a problem that needs solving) What are my strengths and unique selling point? Have these done before? These questions will help you narrow your research down to more granular questions and gives it purpose.

2. Make Sure Your Idea Is Viable

Your idea can be a very good one, addressing and solving real needs of people. But if it can't be produced or delivered to the people successfully, it will most certainly fail. Look into the logistics of how you plan to get this idea to fruition and move on from there.

3. Prepare A Comprehensive Business Plan

You have researched your idea and made sure you can deliver and the produce services. What to do now? Put the information into something tangible for you to follow. An organized business plan is one of the most effective tools to help you make executive decisions about your new startup.

A good idea will only be as successful as the execution and implementation of it. Many ideas have fallen flat on their faces not because the ideas were not good, but rather the execution of it was a pure disaster. A good business plan should discuss all the major aspects and tackle the possible challenges. Starting from the financial aspect to your day to day to operations and also your marketing and promotional strategies, everything should be outlined.

4. Pinpoint Your Sources Of Funding

Look into the ways you plan to acquire funding for your new startup. In the meantime, it’s also a good idea to analyze your own personal finances. Remember you’re planning to quit your job to achieve this. You need to have your personal finances in check and see if you can function through the grind of your startup until it starts to give you a profit. A good benchmark is having either 6 months (optimistic approach) or 12 months (cautious approach salary saved up. You’ll be surprised how quickly those savings can whittle down and growing a business from a place of scarcity is not a good place to be. If you are more risk averse, you can consider starting your business as a side hustle whilst still in your 9-5. This will require strong time management skills and focused work but around your day job but gives you that extra bit of comfort.

5. Sort Out All The Legal Requirements

Make sure you look into all the legal aspects and obligations you and your new business startup has to comply before going into market. The last thing you want is to start up an operation which is giving you healthy profits only to be surprised with a government notice causing a major inconvenience and ruining your flow.

6. Use Your Current Network

Do not think of your current job and the professional network that you have created within as an anchor holding you back from achieving your dreams. Instead, leverage them to create bridges that might help you. Use your already broad list of professional connections to maybe jumpstart your venture. For example, you may know a web developer who can give you a discount when creating your new venture’s website. Use all the resources at hand to their best potential. That’s what successful entrepreneurs do!

7. Prepare To Actually Act Like An Entrepreneur

Modern-day concepts of an entrepreneur have misinformed people of the idea of entrepreneurship pretty badly. Entrepreneurship is not about ordering people around and maybe coming up with an idea and then expecting to make a fortune out of it. It's about hard work to make your dream come to true. Some early entrepreneurs may even have to work harder than their employees to see through every little aspect of the business. Yes, you can achieve that Hollywood portrayal of an entrepreneur life but do not expect the results without putting in the hours and efforts needed behind it.

8. Leave With A Good Relationship With Your Employer

You have made up your mind and ready to take the plunge. All there is to do now is to actually let your current employer know and leaving. But you must do this professionally and the right way. Respectfully let them know you plan to leave and start of your own venture.

You could also wait around and help to find a suitable replacement for your position. You can never be sure when you may need the help of your previous employer with your new venture. And if you leave in an unprofessional manner, you’ll be burning a bridge and losing a possible helping hand. NB. Once your business is picking up steam, propose a term where your new venture and your previous employer can go into a mutually beneficial partnership. It never hurts to give it a go, right?

 If you’re ready to overcome your fears and mindset blocks and create your dream business, then go ahead and join my free Facebook Community for free resources, training and sisterhood and support on your business journey.

About Me

Hey, I'm Tasmin! I'm a Mindset & Business Confidence Coach for new and aspiring female entrepreneurs. I help overcome their fears and ramp up their confidence so that they can escape the corporate drudgery and create a life and business on their terms.

Want to chat about how I can help you? Apply for a Free Session with me here. I'm excited to talk to you :-)

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How to Find the Confidence to Start and Run Your Business Without Fear

How to Find the Confidence to Start and Run Your Business Without Fear

Are you struggling to find the confidence to turn your dream business into a reality? 

Would you love to start your business but are feeling blocked be fears, limiting beliefs and insecurities? 

If you’re ready to overcome your fears and mindset blocks and create your dream business, then go ahead and join my free Facebook Community for free resources, trainings and sisterhood and support on your business journey.

About Me

Hey, I'm Tasmin! I'm a Mindset & Business Confidence Coach for new and aspiring female entrepreneurs. I help overcome their fears and ramp up their confidence so that they can escape the corporate drudgery and create a life and business on their terms.

Want to chat about how I can help you? Apply for a Free Session with me here. I'm excited to talk to you :-)

Sharing is caring!

3 Mindset Shifts to Make in Your Business for Great Results

🌟3 mindset shifts to make in your business for great results🌟

I know that many women have fears, limiting beliefs and resistance that arise when it comes to promoting themselves, getting visible putting themselves "out there" in the online world.

Even though deep down they know they have a big impact to make and are passionate about what they are doing.

I struggled with this myself when I was starting and launching my business and in fact, I for a while, I hid behind another business that I was running which was product based. Hiding behind the product seemed a safe option.  

It was a way for me to remain nameless and faceless and not have to face rejection but it wasn’t the way to do what my heart’s desire was – which was to create my coaching business.

Here are three mindset shifts I made to change my reality.

I believed it was going to be easy

For a while I made all the excuses under the sun about how hard it was to run a business. There weren’t enough hours in the day, the learning curve was too steep, I was crap at technology. Then all the excuses about why it was hard for me in particular. I wasn’t tall (5ft on a good day and I think I shrink a little when I don’t drink my two litres of water!), or pretty, or thin. I even told myself no-one would buy from me because I was Asian!

Ridiculous right!

It’s when I decided that these excuses were not true and were not serving me and when I believed in my message and my ability to help and serve my clients that things started to change. The excuses had to go. Period.

And so did the “it’s all so hard” script. I monitored all the negative thoughts and replaced them all with empowering ones.

I decided it was going to be easy.

And then strange things started to happen.

People sought ME out, I signed up clients in the park (yes really!), the right mentors came to me at the right time. The Universe responded to what I was putting out there and gave me ease.

I'm not saying that building a business isn't without it's ups and downs but you can totally reframe what you think about it and choosing to go for ease rather than struggle and hardship is a much better option. 

I like to think Jim Rohn's words in this situation "here's my definition of "easy." It was something I could do. I figure that if it's something you can do, it's easy."

How reassuring does that sound already right? 

So, what about you? What are you telling yourself about building your business? What stories do you have running through your mind that aren’t serving you? What do you need to get rid of?

I invested in my business with faith

For a while I tried to do things alone in my business. I was coming from being an employee and it wasn’t natural for me to ask for help. In fact, most times, we were told to just get on with things.

I took the same ethos through to my business.

I thought I could figure things out on my own. I thought if I built a website they would come (they didn’t!). I thought that asking for help was a sign of weakness and I thought I could save the money and make it go further. I was wrong.

Asking for help is a sign of strength. It shows that you are saying yes to yourself. That you’re believing in your dreams, your ability to step up and for the Universe to deliver. It’s a leap of faith.

I also realised there was an energetic mismatch between what I was expecting from my clients and what I was doing myself. After all, how could I expect my clients to invest in THEMSELVES if I wasn’t prepared to invest in myself.

So, If you’re trying to sell high end packages expecting people to invest in you when you’re not prepared to invest in yourself, it’s not going to happen. The energy is too mis-matched. So ask yourself – have I invested in myself fully? If not, how can I change that?

I took responsibility for my own success

The first few coaching sessions I ever had with my mentor, I spent a good portion of them complaining about my lot in life. Making excuse after excuse about why I hadn’t made more progress or done more.

By the time a few sessions passed, I was sick of the sound of my own voice and realised I was wasting precious minutes and hours in the coaching call looking back and wallowing, instead of moving forward.

I decided then that I would take responsibility for my success and quit the excuses.

When the excuses went, the results came. Simple.

What about you?

Where are you making excuses?

Which past stories are you clinging onto that you need to let go of?

Where are you not showing up to your fullest?

What changes will you make today to stop that?

If  you’re ready to overcome your fears and mindset blocks and create your dream business, then go ahead and download the Ultimate Confidence Toolkit and Free Audio Training where I share how you can ramp up your confidence and make the mindset shifts you need to make to bring your dream business into reality.

About Me

Hey, I'm Tasmin! I'm a Mindset & Business Confidence Coach for new and aspiring female entrepreneurs. I help overcome their fears and ramp up their confidence so that they can escape the corporate drudgery and create a life and business on their terms.

Want to chat about how I can help you? Apply for a Free Session with me here. I'm excited to talk to you :-)

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