Is Your Fear Beast Out of Control?

By , The Growth * Success * Acceleration Expert

Solo-E Certified Solo Entrepreneur Expert

Laureen Wishom - The Growth * Success * Acceleration Expert

It is a recognized maxim that fear is the greatest barrier for most people when it comes to achieving goals.  Fourteen years ago, I worked 50+ hours a week for an oil and gas company.  I knew that I wanted to start my own company, but deep within I had a definite fear of failure.

After holding numerous leadership positions during my tenure in corporate America, I finally realized that I did not want to break the “glass ceiling” and I did not want to settle for an annual three to five percent increase for the rest of my employment.

During the last four years of my corporate career, I followed my dream founded Masterpiece Solutions LLC now Dr. Laureen International.  Subsequently, in 1998, I bid adieu to corporate America and began a full time career as the CEO and the Growth, Success & Acceleration Coach of my dream company.

As a budding entrepreneur, I was well aware of the typical seven stages of a business life cycle and can associate each phase of my fears into one of the seven stages of a typical business life cycle (Seed, Startup, Growth, Established, Expansion, Decline and Exit).

I completed the Seed Stage (financial planning and the development of a business and marketing plan) during the last four years of my corporate employment. Now I want to share how I handled fear throughout the remaining six stages and the stage that most people forget about or do not plan for: the Turing Point Stage.

Start-up Stage

After leaving the corporate world, I entered the Startup stage.  Like most new business owners, I experienced the fear of wondering if I made the right decision.  Do I really know enough to run my own company?  Can I afford to do this?  Have I researched enough?  Did I select the right target market?  Am I really competent enough?  What about this one:  Do I possess the necessary business and leadership skills?

One of the things that I did on a daily basis during this stage was to write and to make a daily practice of reading an affirmation, which stated:  “I will not fail, but if I do, I’ll use the failure as a stepping stone to my next success.  I will not let a little thing called fear have dominion in my life.”

Here are the building blocks I used to face and combat the fears during this stage:

  • Find a mentor and become a protégé
  • Set aside money to run my household and business (for nine months)
  • Allocate money for marketing materials (most new businesses forget to set aside money for marketing expenses)
  • Build an extensive database to advertise online or by word-of-mouth
  • Know that you are a success and you can achieve your dreams
  • Network, network, network

These building blocks to face or combat fear helped me through the Startup Stage and prepared me for the next stage: The Growth Stage.

Growth Stage

I define these years as the ones of developing the competencies to become a successful CEO.  I often had to read my affirmation statement five or six times a day to suppress that dreadful feeling called fear.

There was still so much to accomplish:  learning, growing and earning.

Here are the building blocks I used to face and combat fear during this stage:

  • Stay focused on the vision
  • Stay connected with like-minded individuals
  • Develop a “gratitude attitude”
  • Give back more than I receive (become a mentor)
  • Gain the knowledge and training needed to be successful
  • Generate multiple streams of income
  • Leverage, grow, amplify
  • Read, read, read
  • Network, network, network

At this point in my business life cycle, I truly believed that “as high As I reach, I can grow; as far as I see, I can go; as deep as I look, I can see, and as much as I dream, I can be”.

Typically in a traditional business life cycle the next stage would be the Established Stage.  But before we get to that stage, I want to discuss what I call the Turning Point Stage.

Turning Point Stage

This stage is not part of the typical business life cycle, but for me it was a stage that required creative problem solving with a plan for moving forward.

Having finally overcome the fear of business failure, I then had to face the fear of failing health and I was not sure what was going to happen if my health did not improve.

How could I continue to operate my company?  So, here is what I did to face my health fears and grow my business at the same time:

Here are the building blocks I used to face and combat fear during this stage:

  • Stop wearing all the hats, use outside resources to assist in crunch times
  • Develop systems and processes for repetitive tasks
  • Instead of networking without focus, I began to network in the places where potential clients could be found, and also where I could build high-end relationships
  • Develop a prosperity and healthy body mindset
  • Walk the faith walk, instead of the fear walk, every moment of the day
  • Read inspirational materials
  • Each day, I wrote five things I was thankful for in my “Gratitude Journal”
  • Exercise daily and schedule time for: 1) self and relaxation, 2) getting healthy, and 3) family and friends

Your turning point may not be your health, it may be another setback or unexpected situation that is truly a turning point and will have an impact on how you step forward – be prepared.

Just so you know fear will never go away – it will always come back again and again throughout your life. What I can tell you is – it is up to you on how you chose to wear your fear beast and how you allow fear to be part of your life.

Now let’s take a look at the Established and Expansion Stages.

Established and Expansion Stages

This phase of the maturation encompasses two stages of the typical business life cycle (established and expansion).  It was at this point that I began public speaking in order to gain national recognition and expand my footprint.

It was also during this time that I developed my signature products and I was comfortable with being me and ready for the next whole new level of success.

I also began questioning whether I was ready, and yes fear told me “You will never be ready”, but faith said, “You are ready.”  I chose to listen to faith.

Here are the building blocks I used to face and combat fear during this stage:

  • Up-level my daily thought process
  • Leverage every opportunity
  • Close the gap between words and actions
  • Network with a purpose
  • Think globally and continue to generate multiple streams of income
  • Take it to a whole new level (business, personal, and professional)
  • Continue to write five things to be thankful for in the “Gratitude Journal”
  • Mentor, mentor, mentor (in 2007 I was the recipient of the Stevie Award:  Mentor of the Year)
  • Become saturated in the learning process, it allows no time for fear (I attend over twenty teleseminars each month)
  • Maintain a protégé status
  • Re-invent, re-purpose and re-position
  • When fear knocks at your door, send faith to answer

By the way, the remaining stages of the typical business life cycle are Decline and Exit.  I have not yet entered these two stages.  They will manifest in the future and I am sure they will have their own unique challenges and fears.

I have conquered my fears at every stage of the business life cycle and I know that when the time comes for these two stages, fear will not win.

Now, I want to share my lifelong mantra with you and hopefully it will help you as you face your fears:  “Maintain a positive attitude, change your mindset and keep the faith, learn to overcome obstacles, become a systems thinker, keep balance in life, become a teacher and leader, eliminate fear daily and get rid of whatever makes you stop.”

For those of you who wish to conquer your fears and to start a business remember the words of Henry Hartman, “Success always comes when preparation meets opportunity.”

By realizing that we are the creators of our own reality, we can choose to fear, or we can choose not to fear.  So let me close with this thought:

You are the sum of the five people with whom you spend the most time.  If your five people maintain a “fear mentality” . . . . well do the math.  “What is your sum?”

Dr. Laureen Wishom is dedicated to teaching high-achieving women entrepreneurs, executives, non-profit leaders and career professionals how to master Growth, achieve Success and live in strategic Acceleration.  Through her workshops, VIPs, coaching programs and products, Dr. Laureen shows high-achieving women (and enlightened men) how to bring about radical success in:  1) Visibility and Positioning 2) Business Growth/Career Success, and 3) Revenue Acceleration.  She is known for creating “WOW”, providing an unique customized experience and educating women on “doing different things and then doing things differently”™.  To receive Dr. Laureen 5-day e-course entitled: How to "Show Off" Your Credibility for Revenue Acceleration or the audio: Are You Making a Cardboard Connection or a Brand Connection, visit Drlaureen.com

© Copyright 2013 Laureen Wishom

Leave a Reply

Search
Generic filters
Match phrase exactly
Search in title
Search in content
Filter by Custom Post Type
Posts
Articles
Self-Studies
Free Templates