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How to get over the fear and start your own business

17 pointsby webwatchabout 17 years ago

5 comments

redorbabout 17 years ago
make a win-win situation, save enough and leave your current company gracefully enough to come back. Think about the cost then multiply 3x to get what you need to save, then head out and give it a shot..
smalterabout 17 years ago
the piece here reminds me of an article about entrepreneurship and overconfidence. (see <a href="http://icf.som.yale.edu/pdf/overconfidence.pdf" rel="nofollow">http://icf.som.yale.edu/pdf/overconfidence.pdf</a>, i think). the paper writes that the most common trait among entrepreneurs is overconfidence under a kind of evolutionary understanding. paul graham writes similarly but from a different perspective when he writes about the power of the marginal (eponymous article, i think). outsiders have the naivate to understand why something novel will work, where as insiders are well-versed in the rationalizations for the status quo. i think it's the same naivate that gives outsiders that overconfidence to pursue ventures that insiders "know" will fail.
bootloadabout 17 years ago
Fear is not to be feared Conquer Fear and Fear is not your foe Fear is your friend<p>My favourite phrase is <i>"sine metū"</i> or "no fear" ~ <a href="http://forum.wordreference.com/showthread.php?t=596798" rel="nofollow">http://forum.wordreference.com/showthread.php?t=596798</a> Most of what you find with Fear is really the fear of failure or unknowns. You can also use fear to your advantage by tempering your (over) confidence.
colellmabout 17 years ago
"I am pretty sure that starting a business involves some level of desperation."<p>I agree. People do have to be pushed up against a wall to some extent and feel they are left with few options, otherwise, it is too easy to convince yourself not to startup.
edw519about 17 years ago
"You realize that the only way to do what you want to do is to start your own thing."<p>I never heard it said quite this way. It perfectly describes my situation.<p>Thank you, Melissa!