2. Fear
Entrepreneurs’ resolve is tested from the very first step of starting a business. In fact, one of my entrepreneurship professors compared starting a business to jumping off a cliff and assembling your parachute on the way down. While it is that scary, if you succumb to your fear and never take the plunge, you have zero chance of succeeding.
In addition, entrepreneurs must overcome the fear of rejection. Here’s one exercise: Send out applications for awards, incubators and programs for which you are afraid you might not be qualified. It worked for me. I took a chance and applied for the NYSE Big StartUpSM competition in 2012 and soon found myself standing on the podium ringing the Closing Bell.
Not giving in to fear of failure or rejection was the secret to my success.
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