Making excuses holds back many entrepreneurs and limits their chances of achieving business growth. By finding reasons not to act on your ideas, avoiding risk and responsibility and sticking to a comfortable routine, you are missing many opportunities and chances to improve and expand your business. Risk aversion and entrepreneurship can never go hand in hand. Making excuses holds entrepreneurs back from success, yet many startup founders fall into the trap (or may be are lured by the comfort!) of making them.
If you wonder what is the strongest thing that stands on your way to becoming successful – just look in the mirror. Your mindset determines your actions. The reasons for making excuses that hurt your business can be many and here we will emphasize on three of them. Undoubtedly, by understanding better the causes of something, you will get a better perspective on the possible ways to avoid the negative outcomes.
Fear or taking responsibility
Entrepreneurs must have strong leadership skills and the ability to effectively delegate tasks. Taking full responsibility for everything that is happening in the company is a great challenge for people, who are not mentally tough enough to deal with difficult situations and are unable to work under pressure. The fear of being fully responsible for something as big as running a company is one of the key character traits that distinguish unsuccessful entrepreneurs from the ones, who are capable of achieving all of their goals.
Fear of failure
Coming up with countless excuses not to take the leap, not to get out of your comfort zone and not to start working on your ideas for growing your business can be because you feel the fear of failure. Every new project is a risky venture. Even though the entrepreneurs try to minimize the risks by taking well-informed decisions, every entrepreneurial venture carries its high risks. By fearing to make mistakes, the entrepreneurs often hold themselves back from acting on their ideas, which is the reason why they rarely achieve something more than ordinary. Don’t hold on past mistakes – learn from them and let the unbearable fear that something similar may happen again go.
Fear of success
This may sound unusual, but many entrepreneurs are afraid to take a step towards executing their bravest ideas because they are afraid they may actually succeed. As much as every business owner desires success and growth, with this achievement come a lot of challenges, responsibilities and high expectations. The fear that they will not be able to handle all of this keeps them away from reaching their full potential. Don’t let the doubt and lack of self-confidence to hold you back on your way to greatness and success.