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3 Negative Beliefs That Hold Entrepreneurs Back


3 Negative Beliefs That Hold Entrepreneurs Back

“The moment you doubt whether you can fly, you cease forever to be able to do it.” – J. M. Barrie, Peter Pan


Our lives are a reflection of our beliefs. Most of us know this, yet we cling to old negative thoughts – even when they hold us back.

Discarding them and creating new beliefs seems to be a Herculean task. These beliefs (which are usually assumptions and misconceptions) color our world views and justify our actions.

Yet, if we stopped to think about it and ask ourselves, “Where did we get these beliefs from?”… we’d realize that most of them were ingrained in us by our parents, teachers, and other “well-meaning and sensible” adults when we were young.

In most cases, these self-limiting and defeatist beliefs will impede your progress when you decide to become an entrepreneur. You’ll be setting yourself up for failure from the get-go.

Let’s look at some of the most common beliefs that are injurious to your goals:

1. Money makes money

This is probably the biggest fallacy of the lot. This misconception creates a catch-22 situation. You want to get into business to improve your financial standing… but you need money to get into business – and that’s money you don’t currently have.

So you’re doomed.

But is this reasoning valid? Do you really need money to start?

A quick look at some of the biggest business successes on the planet will show you that most of them invariably began from humble beginnings. They started off small and slowly built their way up.

In the same vein, nothing stops you from starting off small and climbing the ladder of business success. It’s resourcefulness and not resources that you need.

Do not count yourself out just because you lack the finances. Rest assured that enthusiasm, confidence, passion, and hard work will help you find the resources you need. In turn, you will be able to employ them to forward your business.

2. Following instead of leading

The world loves a winner and tends to put them up on pedestals. The media gives them coverage. Books are written about them and so on.

Parents, teachers, etc., often tell us to model successful people and read biographies. The goal is to be like these larger-than-life people who define the epitome of success.

Millions of people dream of being the next Michael Jordan or the next Elon Musk. Or the next pop star… and so on.

And yet, if you asked Michael Jordan who he wanted to be, he’d most probably say that he wanted to be Michael Jordan.

Herein lies a contradiction – the leaders of the world (whichever field they may be in) are almost always trailblazers who march to the beat of their own drum. They’re so focused on being the best they can be that they don’t have time to try and be like someone else.

Using a role model to inspire you is a start … but if you want to truly see success, you will need to lead rather than follow. You will need to put yourself in the limelight and be willing to be seen by the masses rather than quietly skulking in the shadows.

You will get accolades and recognition, but you will also get brickbats and hate. This is par for the course. Just remember, leaders, lead. You must lead if you want massive success.

3. Expecting overnight success

A lack of patience has sounded the death knell on more goals/dreams than any other cause.

The current society we live in encourages impatience.

Instant notifications, text messaging, microwaves, instant meals, entire 22-episode seasons of Netflix shows are presented all at once. All that has made us believe that anything can be gotten fast.

We want results, and we want them now. Preferably yesterday.

Life, however, has quite a different setup. Any worthy goal will take you time to achieve. Usually, it will take you longer than you believe.

Like Jeff Bezos said, “All overnight success takes about 10 years.”

You can’t shrink the journey to fit into a 90-minute Hollywood movie.

There is no rousing soundtrack to inspire you. Success is an ugly, dirty fight where you will have to claw your way to the top.

It has ALWAYS been that way.

So, start on an entrepreneurial journey and are expecting overnight riches without struggle. You will be in for a rude shock.

It’s just a matter of time before you discover pitfalls, hurdles, pain, struggles, and a myriad of other problems that you’ll need to constantly overcome.

You may wonder, “Why is this happening to me? Why is it so hard?”

The truth is that it doesn’t just happen to you. It happens to every entrepreneur who wishes to level up. This is the turbulence you need to get past until you reach cruising altitude.

And it will take you time. So, if you lack patience, it is time to tell yourself that you are in for the long haul.

Now that you’re aware of these 3 negative beliefs, you can take steps to fix them and be on your way to success.

To Your Success!
Herb Ratsch