The number one reason people pass on starting a home business is fear of failure - they are scared to take a chance and see their hard work amount to nothing.
However, you can get past that paralysis by asking yourself a few simple questions and intelligently analyzing the results.
First, borrow a common phrase: what's the worst that could happen? Then consider two factors: probability and severity. What's the probability, on a scale of zero to 100, that the business will fail? Then look at the severity (cost) of that failure. The answers might not be a scary as you think.
While dwelling on the negative sounds risky, sometimes you need to look under the bed to convince yourself there are no monsters there.
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However, you can get past that paralysis by asking yourself a few simple questions and intelligently analyzing the results.
First, borrow a common phrase: what's the worst that could happen? Then consider two factors: probability and severity. What's the probability, on a scale of zero to 100, that the business will fail? Then look at the severity (cost) of that failure. The answers might not be a scary as you think.
While dwelling on the negative sounds risky, sometimes you need to look under the bed to convince yourself there are no monsters there.
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