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Six limiting beliefs of an entrepreneur

Updated: Mar 17




Starting a new business can be a daunting task, and many new business owners may have to limit beliefs that can hold them back.


Limiting beliefs are negative thoughts or attitudes that hold individuals back from reaching their full potential. These beliefs can be rooted in fear, self-doubt, or past experiences, and they can impact every area of a person's life, including their career, relationships, and personal growth.


Limiting beliefs can manifest in a variety of ways, such as self-doubt, negative self-talk, procrastination, or avoidance. These beliefs can be deeply ingrained and may be difficult to overcome without intentional effort and self-awareness.


These six limiting beliefs of an entrepreneur can impact the success of the business and prevent the owner from reaching their full potential. Here are some common limiting beliefs that new business owners may face, that if I got a nickel every time I heard it, I'd give Bezos a run for his money:


"I'm not good enough."

This limiting belief is often rooted in fear and self-doubt. New business owners may feel that they lack the skills or experience needed to run a successful business, and may be afraid of failure. This belief can hold them back from taking risks and pursuing their goals, and may prevent them from seeking out help or advice from others.


"I don't have enough money."

Starting a new business can be expensive, and many new business owners may feel that they don't have enough money to get started. This limiting belief can prevent them from taking action and may lead them to procrastinate or give up on their goals. It's important for new business owners to create a budget and seek out funding options, such as loans or grants, to help them get started.


"I don't have enough time."

Starting a new business requires a lot of time and effort, and new business owners may feel that they don't have enough time to devote to their business. This limiting belief can lead to procrastination and may prevent them from taking action on important tasks. It's important for new business owners to prioritize their time and create a schedule that allows them to focus on their business goals.


"I don't know enough."

Starting a new business can be overwhelming, and new business owners may feel that they don't know enough about their industry or the business world to be successful. This limiting belief can prevent them from taking action and may lead them to hesitate or second-guess their decisions. It's important for new business owners to educate themselves and seek out advice and guidance from others in their industry.


"I'm afraid of rejection."

Starting a new business can require reaching out to potential customers, partners, and investors, and new business owners may be afraid of rejection. This limiting belief can prevent them from taking action and may lead them to avoid networking or marketing their business. It's important for new business owners to overcome their fear of rejection and be persistent in pursuing their goals.


"I can't do it alone."

Starting a new business can be overwhelming, and new business owners may feel that they can't do it alone. This limiting belief can prevent them from taking action and may lead them to hesitate or procrastinate.


It's important for new business owners to build a support system and seek out advice and guidance from mentors, coaches, and other business owners.


It's important for new business owners to recognize these limiting beliefs and work to overcome them. By shifting their mindset and focusing on their strengths and abilities, new business owners can overcome their fears and achieve their goals. It's also helpful for new business owners to seek out advice and guidance from others, and to stay focused on their vision and goals for their business.


In other words, don't believe the hype.


Of course, there are other limiting beliefs that can block you from giving yourself and your business the chance it deserves, but in my opinion, these ae the most common ones heard in my coaching sessions. Be mindful of these negative beliefs that can sneak up in your small business journey.


Ready to start your business venture but don't know where to start? Come talk to me!



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