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The $100 MBA Show

MBA2091 Are You Afraid to Start a Business?

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.91.2K Ratings

🗓️ 14 July 2022

⏱️ 13 minutes

🧾️ Download transcript

Summary

Thinking about starting a business? For how long now? Getting honest with ourselves about our motivations — and our fears — might be the most fundamental step toward becoming an entrepreneur.

Transcript

Click on a timestamp to play from that location

0:00.0

Heyo! Welcome to the $100 MBA show, Business Lessons You Can Count on every single day with our daily 10 minute business lessons for the real world

0:18.6

I'm your host your coach your teacher Omar Zenholm. I'm also the co-founder of Webinar Ninja, an independent software

0:25.4

company I start with my co-founder back in 2014. And in today's lesson we're going to take

0:30.0

a deep dive and discuss a question many of us need to ask ourselves, are we afraid to start a business?

0:38.4

The biggest problem with this question is that many of us will not recognize the fact that we are afraid.

0:45.6

In fact, the more afraid we are, the more we don't recognize it.

0:49.3

It manifests itself with things like thinking about starting a business for months, maybe even years.

0:56.0

On and off planning and researching and evaluating and what I call playing business day after day, month after month, year after year.

1:06.0

And never actually launching, not actually putting your business idea out there, not actually selling a product or service and having the actual opportunity

1:17.0

to fail. Yes, I said opportunity to fail and I'll explain why in today's lesson.

1:22.8

We play it safe to protect ourselves.

1:25.9

We're worried if it falls flat, we'll disappoint others,

1:29.4

but most of all disappoint ourselves.

1:31.3

What does that mean about us and our dreams? And one of the ways to make sure

1:35.2

your dream never dies is to never actually launch or think, to protect it from failure. In today's

1:40.8

lesson we're going to examine this. This is one of the biggest hurdles for anybody

1:45.6

starting a business. I'm going to give you some mindset strategies to help you overcome this.

1:51.7

I'm going to give you some techniques to build your muscles, your

1:55.4

mental muscles, to fight this fear and take it head on and understand there's really

2:00.6

actually nothing to be afraid of. But most of all we're going to

2:04.1

conquer this so you can actually start your journey in entrepreneurship. So you can

2:09.4

launch that business, get some wins, get some successes, and move forward.

...

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