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Entrepreneurial skills – Overcoming fear of failure

Fear of failure is the feeling of being afraid to carry out an activity to avoid any disappointment, anger, frustration or shame from not achieving a goal. People that usually have a fear of failure refuse to try new things, they procrastinate and talk in a non-respectful way to their own selves, and often they are also perfectionists.
One out of four startups fails because of the fear of failure. What is the one thing that the world’s greatest entrepreneurs all have in common? They aren’t afraid of failure. In fact, they embrace it! They are willing to fail and fail often. Successful entrepreneurs don’t crush it their first time up to bat…on average they fail almost 4 times before hitting one out of the park! (e.g. angry bird example).

Entrepreneurial skills – Ability of creative imagination

Creative imagination and goal visualisation is where it all begins if you want to increase the probability of reaching your goals. All top performers, regardless of profession, know the importance of picturing themselves succeeding in their minds before they actually do it in reality. Boxing legend Muhammad Ali was always stressing the importance of seeing himself victorious long before the actual fight. As a struggling young actor, Jim Carrey used to picture himself being the greatest actor in the world. These top performers, among many others, have mastered the technique of positive visualisation and openly credit it as a success tactic.