Fear in business, in life, and especially in investing can play a much larger role in the outcomes of your goals than you might think.
Obviously, avoiding inner conflict in business can change outcomes. If you bought in, a stock starts dropping and all of that research, that analysis goes out the window.
All you can think about is how much more money you stand to lose. It’s not rational and you know rationally not to sell but if you let that fear govern your decisions, then you’ve already lost.
Fear is rampant in business too. Fear of where to start. Fear of how to start. Fear of not doing it perfectly the first time. Fear of losing too much money too fast. Fear of a business failing. Fear of succeeding. Fear of being ridiculed. At times, fear is sneaky.
In the business world, conflict can take many forms, some of which involve people and others that involve practices. Waiting until you have a conflict at your company may be too late to solve the problem before it causes damage. Understanding some of the most common conflicts that arise in business situations will assist you in identifying potential problems before they occur and taking preventative measures.
In this blog post, we’re going to talk about:
Why Does Inner Conflict in Business Happen?
Growing your business is exciting, but it can also be frightening, especially if you’re not sure you’re ready. There are numerous issues that you may face along the route, but if you wait too long, your business may never take off. But how can you know when you’re in the right frame of mind? As you scale up, it’s critical to strike a balance between growth (hiring new employees, increasing revenue, etc.) and demand for your products.
You have no problem getting started. In fact, you’re working almost all the time but you’re never getting anywhere. If you were to objectively look at your tasks, you’d probably soon realize that you’re avoiding all the priority A tasks and doing busy work. But why?
Fear. You’re afraid it’s going to be too much. Too hard. You’re afraid you’re going to get overwhelmed by the big complex problems you actually have to figure out to make your business stick.
It can feel impossible to get past sometimes.
When starting a business, you are under even more pressure to succeed, not just because of the employees, partners, and investors who are counting on you, but also because you are proving to yourself, your family, and your friends that your concept is worthwhile and that you have the courage to pursue it.
Wakefield Research revealed that one-third of Americans are more afraid of starting their own business than jumping off of a plane, according to a survey commissioned by Weebly.
Ways to Avoiding Inner Conflict in Business
So, I want to share 4 quick and simple exercises that have helped me in the past when I’ve hit roadblocks and experienced a lot of fear towards something I wanted to achieve in business, in investing, or in life. I really hope they can help you too.
- Dealing with the pain of being afraid is not as bad as dealing with the pain of regret if you don’t try something that you really want to do. Either way, you have to deal with pain so choose the shorter-lived, easier pain.
- Don’t let yourself slip into the “I should” or “I have to” mindset about big, complex projects. That puts you in immediate conflict with yourself.
Part of you is saying to yourself “you should do so and so…” which immediately means there’s another part of you saying “but I don’t want to…”
Instead, try thinking “I choose to do so and so…” Really mean it, and notice how your attitude almost immediately shifts towards more confidence as your whole body unconsciously prepares for the task at hand.
Overthinking things and building up anxiety in your head almost always comes from inner conflict – at least it does for me! – when I adopt this almost authoritarian “I should be doing so and so..” or “I have to do so and so…” attitude.
- Avoid judging where you are right now. This also creates inner conflict and makes it impossible to focus on a problem in a calm, logical way.
Instead of thinking “you should be at so and so stage already”, try thinking “when can I start working on my project”.
- Schedule work on your project AROUND fun things to create motivation and urgency in a non-threatening way.
Let’s say, you love brunch. Schedule a 30 minute – 1hr work period where you ONLY do priority A work. The really hard stuff. No phone calls. No e-mails. None of the fluff. This is when you do the work that could really change your business or your life.
Don’t judge how far you get and don’t create expectations for how much you should get done. Your only job is to START at the time you set for yourself in your calendar and to focus 100% during the short time you have.
Then, you reward your focus by going and doing something fun.
- Set attainable goals and stop being a perfectionist
What do you do first? There is an excessive amount of detail to consider and processes to implement. If there’s one quality that all business owners share, it’s the ability to create goals. Begin by determining your business’ main aim, and then break it down into smaller, more manageable activities that serve as stepping stones toward achieving that goal.
My Final Thoughts
These tiny goals will not only make the company mission more digestible and less frightening, but they will also show you where to start. Business owners are frequently type-A perfectionists, but keep in mind that nothing has to be perfect to start testing different versions of your product, establishing your own website, and talking to everyone who will listen about your business.
In my experience, doing this over and over again is the best way to get really hard things done in a way that you can actually enjoy and not feel like you’re constantly fighting with yourself.