Entrepreneurial Fears
This emotion can either motivate an entrepreneur to work harder or cause decision paralysis.
What is fear of failure?
Passion is important, but too much of it can negatively affect this aspect of a startup.
What is team performance?
More than two-thirds of startups fail to deliver this to investors.
What is a positive return?
Entrepreneurs who actively analyze their emotional responses practice this key skill.
What is emotional self-awareness?
This allows entrepreneurs to stay focused and think clearly even when faced with uncertainty or high-pressure situations.
What is emotional control?
According to research, this financial concern often motivates entrepreneurs rather than deters them.
What is personal financial security?
Teams with members who are passionate about different things tend to struggle with this.
What is decision-making?
This common mistake leads startups to misinterpret early market demand signals.
What is a false positive?
Seeking out flaws in a business and addressing them early is an example of what approach.
What is problem-solving?
Successful entrepreneurs use this skill to manage their emotions and make better decisions.
What is emotional intelligence?
Entrepreneurs often fear losing this group’s approval, affecting their confidence.
What is social esteem?
According to research, there are three types of entrepreneurial passion: inventing, founding, and this.
What is developing?
Many founders fail because they focus too much on action and not enough on this essential step before launching a product.
What is customer research?
Entrepreneurs who continuously educate themselves to counter fear of failure are engaging in this.
What is learning?
This term describes entrepreneurs who focus on creating new products and identifying opportunities.
What is passion for inventing?
This common fear can cause entrepreneurs to hesitate in making decisions, leading to "paralysis through analysis."
What is fear of personal ability or self-esteem?
High diversity in team passion is more harmful during this phase of a startup.
What is the later stage of venture development?
Startups that attract the wrong investors, partners, or employees suffer from this issue.
What is bad bedfellows?
One way to combat the negative effects of fear and passion is to rely on these experienced individuals for advice.
What are mentors?
Fear of failure can either motivate an entrepreneur or cause this negative outcome.
What is paralysis through analysis?
Entrepreneurs sometimes avoid making difficult choices due to this economic concept, which represents lost alternatives.
What are opportunity costs?
Founders should consider this when thinking about bringing new members on board.
What is Passion Diversity?
This mindset, often encouraged in startup culture, can backfire by making founders launch too soon without enough data.
What is "fail fast" mentality?
Instead of avoiding failure, successful entrepreneurs learn from mistakes using this structured improvement process.
What is iteration?
Instead of seeing setbacks as failures, entrepreneurs should adopt this mindset to continuously improve.
What is a growth mindset?