realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Overcoming the fear of failure

By James Short
13 April 2021 | 1 minute read
Overcoming the fear of failure

Whether you are already a full-fledged business owner or just planning on starting your own company, there is one thing that has always hindered most of us from moving forward. The fear of failure.

Business owners who are already running their own business and planning on expanding might not go ahead with their plans when facing the possibility of failure. Individuals who are planning on opening their own business might become hesitant when they include failure into the equation. The big obstacle in these scenarios is not the possibility of failing itself but the fear of it. The fear that your ideas may not be as brilliant as you initially thought. The fear that you might not have what it takes to run a business or run a bigger operation. Yes, failing is a possibility, but so is succeeding. You’ll never know unless you overcome the fear and just go for it.

This is the age of social media. With just a simple click or tap, we get a glimpse of other people’s success and achievements. Being exposed to this on a daily basis makes failure seem so much worse than it really is. The fact is, it’s not. Failing is as normal as having bad weather. Does your life stop when the weather is bad? Do you refuse to go out because of the possibility of bad weather? I think not. Don’t be paralysed by the fear of failure. Don’t get hung up on the what-ifs. Start succeeding by overcoming the fear of failure.

Understand that failure is healthy

To be more specific, a certain amount of failure is healthy. Change your mindset from “failure is the end of the road to success” to “failure is part of the process”. The fact that you are failing just means that you are way out of your comfort zone, which in turn means that you are on your way to success. If you are not failing, it just means that your goals are too small and are still within your comfort zone. Going for small goals is awesome at building confidence, but eventually, you have to go for the big ones.

Create a list

Just like when you’re creating a list of goals to fully visualise them, it would also be beneficial to create a list of the things that you fear. Create a list of the worst-case scenarios, what you could do to prevent it, and what you will do to repair it. For each fear, write down all of the things that you could benefit from it. You will find out that the positives will almost always outweigh the negatives. This list will help you push yourself to just go for it and, at the same time, have a plan just in case things go sideways.

Everyone’s experiences are different

Just because someone failed at something does not mean that you will also fail in trying to achieve the same thing. Everyone’s experience will be different. Change your mindset. Instead of focusing on the failures, focus on the successes. Instead of “That person failed in that line of business, I might also fail”, go with “That person succeeded in that line of business, so should I”.

Overcoming the fear of failure
James Short reb
lawyersweekly logo
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings
Do you have an industry update?

top suburbs

12 month growth
Bawley Point
Walla Walla
Byron Bay
Kiama Heights
South Hobart
Lennox Head
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.