MINDSET SERIES: Fear & Money (How they can stop your progress)

Today we’re talking about fear and how it can stop us from making progress on our goals.

Because let’s face it, when we’re experiencing fear of failure, success or what others might think, it can stop us dead in our tracks even when we have the best intentions.

*Note: This is Part 3 of a 4-part Mindset series. Over the course of these 4 weeks I’m bringing you episodes related to your mindset as an entrepreneur, running your amazing yoga business.

Check out the previous episodes here:

Episode 149 - Marketing is Relational, Not Transactional

Episode 150 - Finding Balance Using the 8-8-8 Framework

So today we’re digging into this topic of fear and guess what else showed up in this episode as I talked through it? … Money!

As you can imagine, money is weaved into the topic of fear as it shows up often when we are fearful of something. So today we’re really talking about fear and money. Oh, it’s a good one friend!

Let’s jump in and talk about fear and money!

**This was also a podcast episode (episode #151. Use the player below if you'd prefer to listen to this message.

Fear defined by Merriam-Webster Dictionary

Fear - "an unpleasant often strong emotion caused by anticipation or awareness of danger."

It’s interesting to me that our body doesn’t know the difference between the danger of a bear chasing us or an unpleasant email. They both cause us to sweat and all the other lovely things that happen with fear. The body is an amazing thing, and I’m glad we have these happen so our body can protect itself in the best way it can, but in the case of an unpleasant email, I wish we could take it down a notch.

The truth is that fear happens and it’s not fun at all. As we dive into the fears we encounter as an entrepreneur, I promise I’m not trying to make light of the emotional response we have to fear. We all process this differently and in all the suggestions I share today, please take what helps you and leave the rest, but know that I’m coming from a place of seeing fear as something that unnecessarily holds people (and myself) back from taking action.

We aren’t talking about fear for life or real danger, those are completely different and should be handled differently, but the fears I’ll talk about today are the kind that will lead to not taking action on your dreams and goals.

That’s where I come in friend! I love to help you take action and make progress on your goal because that will lead you to living the life you want. So let’s do this!

5 Fears All Entrepreneurs Face by Entrepreneur Magazine

  1. Fear of failure - 33% of Americans say fear holds them back from starting their business; research also shows that failing the past makes entrepreneurs more than twice as likely to succeed in the future.

  2. Fear of uncertainty - But the unknown is only unknown until you start and you know what they say…the only thing that’s certain in life is uncertainty.

  3. Fear of rejection - Whether it’s worried about hearing ‘no’ from a potential client or hearing “your idea is dumb” from a friend, it’s scary to think of these things but you don’t need to hear “yes” from everyone, you just need to hear “yes” from the right people for you and every “no” gets you closer to a “yes”

  4. Fear of not being good enough - This is a big one, we are our worst critic so this is more internal than it is external. Understanding what ‘enough’ is for you is the key to battling this one.

  5. Fear of success - Sounds silly, but it really does creep in and it can actually stop you from making progress. Thoughts of ‘what if it works?’ are signs that this is happening. Capture them and talk to a trusted business friend. '

3 common fears I hear from yoga teachers

  • “What if it doesn’t work?”

  • “What if it does work?”

  • “What will so-and-so think?”

"What if it doesn’t work?”

This can come in the form of “What if no one registers?” or “What if only one person registers?” or “What if no one joins my email list?” or “What if no one responds to my instagram post?”

Regardless of which “what if” you’re battling, here’s how I combat the “What if it doesn’t work?” thoughts: I ask myself “What’s the worst thing that can happen?”

We don’t want to live in the doom-and-gloom world, but taking a realistic look at what’s the worst that can happen can often help pull you out of this thought process. Most of the time the answer is “I won’t make the money I want/need to”.

Yes, that reality sucks, and I don’t want you to think I’m making light of this, but here’s the next thing I would say…I need you to trust your resources. You’ve figured out life up until today and you’ve done amazingly so what makes you think you can’t figure this out? Trust yourself and your resources.

Maybe you stay at your full or part time job longer than you hoped.

Maybe you get a part time job for a while.

If you need to bring in money to your family budget, you w