When it comes to starting a side hustle, you're likely not alone in feeling scared. Whether it's fear of failure or trepidation about where your hard-earned money is going, there could be other things holding you back from getting started with your own.

African american woman holding dollar bank notes with happy face smiling doing ok sign with hand on eye looking through fingers

The idea of starting your own business is scary to some people. The thought of having to leave the comfort of a steady paycheck and enter into uncharted territory can be scary because we are never sure what will happen when we take that leap. But it doesn't have to be! With side hustles, you can test out entrepreneurship without quitting your day job or investing money into a company.

It might sound easy enough, but there are some fears that keep most people from making the leap.

Here are some things that could hold you back from taking on a side hustle:

1. You are scared of failing. Failure isn’t the enemy – fear is. 

Side hustle - scared of failing

If you can welcome failure, your fear will subside.

Why should you welcome it?

Because every time you fail, you learn one way or another that something needs to change in order for it to be better next time!

You are either scared of failing because this may bring about a sense of inadequacy and self-worthlessness.

If so then why not give yourself permission as well as support in learning how to make mistakes become an empowering force instead by welcoming them with open arms into our lives?

Every time we fail (and believe me I've failed plenty), we learn from our mistakes; which makes us stronger going forward on any other task or goal with less weight dragging behind us!

2. You are not an expert. The feeling that we don't know enough often keeps us from pursuing our goals.

Side hustle - not an expert

It can be tempting to try and study away any fears.

However, taking action is the best cure for this - as Romanow can attest to when he says "you will never know everything."

This is why you need to take action and pick yourself up after your early failures. It's easy to get caught up in the knowledge, but it’s not enough if that information goes unused.

There are countless examples of people who didn't know everything like Jerry Seinfeld or Michael Jordan, yet they managed a transformation through taking hard work and picking themselves back up again when life threw them down for their efforts.

You don’t need more knowledge — you just have to start from where your current understanding starts.

3. You have too many competitors. Competition is unavoidable and we should not  be afraid of it.

Side hustle - too much competition

In fact, there is a certain amount of healthy competition that keeps us on our toes!

But sometimes people can get so focused on competing against their competitors that they lose sight of why they started in the first place - to provide something valuable for the customers who need them most.

It can be easy to get discouraged when looking at a competitive industry.

But instead of feeling defeated, take that as your opportunity for creative thinking.

What are the things you’re doing differently than other companies?

4. You back off when fears show up. Starting a side hustle is not a walk in the park.

Side hustle - back off

You have to be able to trust yourself enough and take on many roles that you may not be used to.

You need to know that if something doesn't happen for you today, then it's only a matter of time before it does!

The key to success is not about denying your fear, but rather how you deal with it.

You might feel some degree of anxiety at every level if the road ahead isn’t clear or there are any possible outcomes of either failure or success in sight.

It's what you do when confronted by this emotion that counts; whether you act scared and give up on yourself before even trying -or- take a deep breath and move forward anyway despite the feeling.

Don't try to hide from feelings like fear because they will always be present; instead focus on how we react to them which can determine our future successes.

 

 

Have you recognized some of these excuses?

If you do, pay attention.

Next time they speak to you in your head, realise that procrastination is trying to keep you safe.

Remember, your mistakes and setbacks can be turned into learning opportunities that will help you achieve greater success.

You can do this!