Rules female entrepreneurs should live by

2015-04-13 15:00

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Following your dream to become your own boss can be scary, but there are strategies to help you crush unfounded fears

When I became an entrepreneur, I was motivated by one thing: freedom. I wanted the flexibility to follow my dream. Entrepreneurship allowed me to do work that was engaging and empowering. I’m not alone.

According to a Cox Business study, 61% of female entrepreneurs started a business to be their own boss and more than 50% became entrepreneurs to have greater control over their future.

So what holds more women back from taking the plunge? Sometimes, a “good enough” life is a deterrent.

College, the corporate ladder, a family; these things often feel comfortable.

But there’s no magic formula for entrepreneurial success, of course. Stepping into the unknown is scary and many women doubt their abilities, feeling like impostors.

Other women hesitate to pursue entrepreneurship for fear of not having enough time for themselves or their families.

Here are five strategies to help you crush these types of entrepreneurial fears and succeed even as you step into the unknown:

1.?Stop seeking validation and embrace your crazy

This is your business. It’s yours because no one else has had the vision you did to start it. Stop seeking validation before you launch a new product, programme or idea. The most successful people are those who were once believed to be crazy.

2.?Celebrate the smallest of wins

To maintain a go-getter attitude requires positive reinforcement. Have you worked up the courage to make that call you’ve been putting off? Finally got through that stack of paperwork? Kick off your heels and celebrate. That energy will carry you forward.

3.?Get specific

Now that you’re trusting your own instincts and celebrating along the way, challenge yourself to break down your vision into smaller chunks. With the freedom to do what you want during the day comes the increased need to stick to a plan.

What do you want to achieve this month and what do you need to do this week to reach your goals?

As we know, writing down your goals significantly increases your chances of success.

4.?Know that making money is like making broccoli

A mentor once told me that making money is like making broccoli. You’re not afraid of using up the broccoli in your fridge, are you? You know you can always get more. Similarly, if you’re committed to growing your business, you can’t be afraid to invest in your growth or do the things that excite you. Rather than worry about the money you’re spending, focus on making each investment worthwhile.

5.?Comparison is the root of despair. Decide to be grateful

My dad used to say that no matter how good or bad you have it, there is always someone who is better off than you and someone who is worse off than you.

Comparison is the root of despair.

Every day, we get to choose to be grateful for what we have, regardless of where we want to be.

Like anything worthwhile, being an entrepreneur isn’t easy.

However, all of us can be grateful for the opportunity to pursue meaningful work and build a life we love.

What more could we ask for?

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