How to overcome fear and doubts to start a new business?

 "I'd like to start a small business but..."

What's holding me back? What if I fail? What if I would not be able to run it? Where would I get money for it&

The truth is that I’m afraid of failing

People like me say things such as “I'd like to start a small business but I don't know if enough people would be interested in buying this product.” Or “I'd like to start a small business but I’m not very good at selling.” Or even “I’d like to start a small business but I don’t know if I could make enough money to live on.”

See? The obstacle to starting a small business is not actually about products or selling or money – it's fear. As for me. I think I am afraid of responsibility the most. Not that I am really irresponsible, but often have lacking money for myself…how then I would be able to pay to others.

I don’t think that this fear that prevents me from doing things that I want to do that will enrich me is a good thing.

Let me share with you my business idea to make the example brighter. I am planning to start a local travel agency providing tourist information and free tours to foreigners in Kyiv (Ukraine) for free. This scheme is successfully working in some European countries, so why would it fail in Ukraine? People like the idea of free service, when they have a chance to pay the reward relying on they own judgment and budget. I liked it myself when visiting Prague. My friends and I joined a city tour and liked it a lot. I was free of charge, but we were offered to leave some tips if we liked it. We left good tips to the guide as well as other 30 people in the group. Kyiv is a popular tourist place now with approximately 1 mn foreigners visiting it annually.

So what stops me?

I have several fears concerning this idea:

1) I do not have a special education in Tourism and Advertising which are important for this kind of business.

2) I do not have enough money to rent premises. Rates are extremely high here in Kyiv. I would need up to U.S $2000 a month to cover it.

3) I am scared to leave my current job, as in case I lose I would be unemployed.

I know that I shouldn’t think so, but can’t do nothing about it.

On the other hand I know that I’m losing my time and can fail by doing nothing or can fail by doing stupid things like fearing.

But how do I succeed? How to find enough strength to start it from the scratch? Should I wait and get some more experience in this sphere?

So what do you think friends? Who of you face the same problems and how have you overcome them?

Please, share it with me. I believe you support could help me out.

Comments ():

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Conscious person greenguy greenguy

People are a interesting bunch , they seem to flock to free stuff. Free tours is a great idea. How about a free basic tour of the surroung area. Then for a fee you could offer a walking tour with dinners included of which you would get a discount from the restaurant for bringing in customers. Or a tour of a haunted mansion with a stop off aferward at a coffee house. I wish you the best in this endevor, sounds like fun.

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Conscious person MarinaKryvunchenko MarinaK...

thanks a lot for the ideas! i was thinking a lot about extra options on getting money! haunted tours are something new for Ukraine....we have tons of legends! )))) making personal with tourists is a great advantage, because guides could recommend different places to visit or to stay this is a verbal ad based on trust and it is free! )))) that is what i like about the idea!

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Conscious person sinotechian sinotec...

Starting a new business is full of risks and therefore it is right to be fearful. That said, starting a new business has potentially fantastic rewards (financially, personally and edcationaly). I started a number of business's (my current one being a digital marketing company called, 'SinoTech Group') and there is a couple of common truths- don't do something unless you are very passionate about it, surround yourself with people that you respect their business knowledge and experiences, be truthful to yourself. My thoughts :)

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Conscious person sinotechian sinotec...

Starting a new business is full of risks and therefore it is right to be fearful. That said, starting a new business has potentially fantastic rewards (financially, personally and educationaly). I started a number of business's (my current one being a digital marketing company called, 'SinoTech Group') and there is a couple of common truths- don't do something unless you are very passionate about it, surround yourself with people that you respect their business knowledge and experiences, be truthful to yourself. My thoughts :)

Reply | Replies (0) added 
Conscious person sinotechian sinotec...

Starting a new business is full of risks and therefore it is right to be fearful. That said, starting a new business has potentially fantastic rewards (financially, personally and educationaly). I started a number of business's (my current one being a digital marketing company called, 'SinoTech Group') and there is a couple of common truths- don't do something unless you are very passionate about it, surround yourself with people that you respect their business knowledge and experiences, be truthful to yourself. My thoughts :)

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