The Entrepreneur’s Relationship with Fear (Excerpt from ‘Inside an Entrepreneur’s Mind’)

“You might fail at what you don’t love. So you might as well take a chance on what you do”


The entrepreneurial mind is unique. It approached problems creatively. It’s ambitious and brave. But are there any specific reasons why this is? One such reason is their relationship with fear.


As a serial entrepreneur myself I love to push and encourage others to explore their ‘great ideas’ further. We all know the conversations people have. You are sat around a table at a dinner party, the wine and conversation are flowing, then someone pipes up with ‘Listen if got this fantastic idea for a business, I can’t believe no one has thought of it already!’. The fact of the matter is talk is cheap and more people than not don’t take that plunge into the great unknown of self-employment and start-up business. More often then not when I have these conversations I am confronted by the lines ‘I wouldn’t know where to start’ and, ‘Im not brave enough’. An entrepreneur’s attitude to fear is quite different as marks them apart from others.


I class entrepreneurs into two categories.

  • Those who have an absence of fear. Immensely positive, definitely always a glass half full. The attitude can be encapsulated by the late, great Steve Jobs


“Because almost everything- all external expectations, all pride, all fear of embarrassment or failure- these things just fall away in the face of death, leaving only what is truly important. Remembering you are going to die is the best way I know to avoid the trap of thinking you have something to lose.”


  • Those who use fear as a motivator. These people are best described by the following quote from Mark Twain


“Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did do”

So its all about attitude.   Positive mindset in different form is a powerful tool and one of the most important in an entrepreneur’s armoury. Its something some are lucky enough to be born with, others may need some support and guidance to get there. But for all those still fearing the leap we thankfully with start up loan schemes and partners like Start Up Direct, this pathway is steadily becoming more accessible and less intimidating. Imagine a society dominated by entrepreneurial spirit and the free thinking creativity that comes with it. Rather than sit on phones and compare our lives to millions of people we have never met we will get out and do. I wonder, what kind of entrepreneurs are you?


Pete Wilson