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Abstract

and those who have already achieved success and feel like a fraud.</p><p id="db95">To conquer imposter syndrome, appreciate your successes. Acknowledge them even if you don’t believe in them.</p><p id="a761">Acknowledge that it’s okay to not know everything and to accept that we're all learning. Be open and with colleagues if you need assistance or further clarification.</p><p id="6e2a">Accepting imperfection in oneself is a sign of a strong character, and thus a strong leader.</p><h2 id="d064">Afraid to succeed</h2><p id="b757">We can fear success on many levels.</p><ul><li>Fear of showing off or being ridiculed by peers or friends</li><li>Fear of failure or disappointing others</li><li>Fear of the unknown</li><li>Fear of embarrassment by gaining success and quickly losing it</li></ul><p id="cf57">Dr. Carrie Baron, M.D. of <a href="https://www.google.ca/amp/s/www.psychologytoday.com/ca/blog/the-creativity-cure/202001/why-do-i-fear-success%3famp">Psychology Today</a> suggests “naming our fears” which provides a sense of relief. Accepting the possibility of mistakes or failure can be freeing, she claims.</p><p id="37e6">Managing anxiety and accepting humiliation is a strengthening force.</p><h2 id="430c">Lack of strategic planning</h2><p id="2fbe">A strong business plan can make or break a new business. As per <a href="https://www.google.ca/amp/s/www.forbes.com/sites/forbesbusinesscouncil/2020/10/06/15-strategic-approaches-to-accurately-forecast-sales/amp/">Forbes</a>, a well-

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organized start to any business begins with business forecasting. A topic far too complex for this article but it’s clearly explained <a href="https://www.google.ca/amp/s/www.forbes.com/sites/forbesbusinesscouncil/2020/10/06/15-strategic-approaches-to-accurately-forecast-sales/amp/">here</a>.</p><h2 id="99bc">Uncertain on the day-to-day details</h2><p id="201b">Education is important, however, experience in the industry is crucial to run a successful business.</p><p id="eb71">To mediate this challenge, start by offering to work for someone else in the same field to get a feel for the day-to-day grind. You would be surprised at how helpful other business owners can be. Depending of course on whether you would be in direct competition with them. A lot of times people just want to see others succeed as well.</p><h2 id="e940">Passion</h2><p id="3461">This is probably one of the most important barriers to overcome in order to run a smooth business.</p><p id="84c7">We need to be willing to take risks, continuously study the market and keep up with daily mundane tasks.</p><p id="52fe">The novelty of entrepreneurship will eventually wear off. The business must be rewarding for you, and the results will depend on your passion and commitment.</p><p id="93ba">Entrepreneurship is a dream for many, but keeping a strict mindset and committing to hard work will hopefully bring success and joy. Overcome those barriers while your business is still just a thought on paper.</p></article></body>

Top 5 Barriers to Crush if You Want to Become an Entrepreneur

Experts explain the qualities to build a successful business

Photo by Mateus Campos Felipe on Unsplash

The satisfaction of running your own business and working for yourself is a dream for many.

Unfortunately, our own attitudes and flaws get in the way. This can keep us from truly reaching financial freedom and success.

Whether you’ve been dreaming of entrepreneurship, or already knee-deep, here are some factors that can prevent you from reaching that magic plateau.

You feel like a fake

Imposter syndrome is real. It can begin as early as high school. Some may not feel they’re on the same level as the other students. Even if they get good grades, they may believe it was a fluke or luck.

According to an article in Forbes; Imposter syndrome can be clear in both those who are just starting out and those who have already achieved success and feel like a fraud.

To conquer imposter syndrome, appreciate your successes. Acknowledge them even if you don’t believe in them.

Acknowledge that it’s okay to not know everything and to accept that we're all learning. Be open and with colleagues if you need assistance or further clarification.

Accepting imperfection in oneself is a sign of a strong character, and thus a strong leader.

Afraid to succeed

We can fear success on many levels.

Fear of showing off or being ridiculed by peers or friends
Fear of failure or disappointing others
Fear of the unknown
Fear of embarrassment by gaining success and quickly losing it

Dr. Carrie Baron, M.D. of Psychology Today suggests “naming our fears” which provides a sense of relief. Accepting the possibility of mistakes or failure can be freeing, she claims.

Managing anxiety and accepting humiliation is a strengthening force.

Lack of strategic planning

A strong business plan can make or break a new business. As per Forbes, a well-organized start to any business begins with business forecasting. A topic far too complex for this article but it’s clearly explained here.

Uncertain on the day-to-day details

Education is important, however, experience in the industry is crucial to run a successful business.

To mediate this challenge, start by offering to work for someone else in the same field to get a feel for the day-to-day grind. You would be surprised at how helpful other business owners can be. Depending of course on whether you would be in direct competition with them. A lot of times people just want to see others succeed as well.

Passion

This is probably one of the most important barriers to overcome in order to run a smooth business.

We need to be willing to take risks, continuously study the market and keep up with daily mundane tasks.

The novelty of entrepreneurship will eventually wear off. The business must be rewarding for you, and the results will depend on your passion and commitment.

Entrepreneurship is a dream for many, but keeping a strict mindset and committing to hard work will hopefully bring success and joy. Overcome those barriers while your business is still just a thought on paper.