Kevin Dam
Kevin Dam Digital Marketing Strategist at E-Web Marketing (Platinum CMO)

Asked this question on 21/10/13 -Entrepreneurship

What is your biggest fear as a business owner?

What's your biggest fear when it comes to running your business?

Is there something that's stopping you from really succeeding and pushing through to the next level?

Top voted answer
Phil Joel

Phil Joel Director at SavvySME

10% Customer Acquisition

Fear of failure. The fear of failure can potentially stop people from trying new things. 

Kevin Dam

that's a good one. how did you get over it?

Phil Joel

Got to back yourself (nobody else will if you don't) and give it 200% so if you do fail then at least fail quickly and learn from the mistakes.

Philippe Flatt

Philippe Flatt Owner & Photographer at

10% Hardware and Software

I wouldn't call it a fear as such but the biggest psychological hurdle for me is to remain motivated when business slows down a lot. When I'm not as busy I have the time to work on building the business but when I feel less motivated to whereas when I am busy my motivation increases.

Neil Steggall

If you are afraid you should perhaps condider a different life as business is not for the faint hearted, however, to be concerned is the default position for SME entrepreneurs.

Growing a successful business is to chart a course through many years of challenge and uncertainty but if you have an identified end point in mind and show persistance, determiniation, courage and an open mine you will get there.

I think it was Franklin D. Roosevelt who said "the only thing we have to fear is fear its self" and when I have found myself in a tight spot I think of this and concentrate on the solutions.

Good Luck.

Philippe Flatt

Good advice Neal although the first paragraph of your comment confuses me as I didn't indicate that I was afraid of anything.