How can you overcome the fear of starting a business?

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My answer to How can you overcome the fear of starting a business?

Answer by Ken Larson:

Starting my enterprise was a logical extension of the work I had been doing as an individual contractor, so the transition seemed easy enough.

What I had to learn very quickly was the business planning, marketing and competitive analysis aspects of operating an enterprise, as opposed to negotiating single person efforts. Industry teaming, having others work for me and dealing as a company instead of a person were all challenges.

I sought advise, developed a strong business plan and learned by doing, willing to make mistakes and correct them as I went.

Sometimes the best way to deal with fear is to not be afraid to accept the help of others, then use their assistance to manage risk.

The result – confidence to proceed and a road-map for a successfully launch.

How can you overcome the fear of starting a business?

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About rosecoveredglasses

2 Tours in US Army Vietnam. Retired from 36 Years in the Defense Industrial Complex after working on 25 major weapons systems, many of which are in use today in the Middle East. Volunteer MicroMentor. I specialize in Small, Veteran-owned, Minority-Owned and Woman-Owned Businesses beginning work for the Federal Government. MicroMentor is a non-profit organization offering free assistance to small business in business planning, operations, marketing and other aspects of starting and successfully operating a small enterprise. You can set up a case with me at MicroMentor by going to: http://www.micromentor.org/ key words: "Federal Government Contracting"

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