Fear can be an ally, but it can also be our worst enemy when worries about what could go wrong prevent us from stepping forward in new and potentially rewarding directions. The fear of financial disruption or failure can often get in the way of your business goals, but learning to properly measure risk and mitigate it can go a long way in moving you forward.
While anxiety about the future can be difficult for anyone, it is especially daunting for those who are responsible for others. Perhaps you have a family and are worried that chasing after your dream will leave them facing financial hardship. Maybe you run a business and are concerned that an innovative project could seriously disrupt the organization if it doesn't work out. Developing strategies to safeguard against these types of outcomes is vital to overcoming any worries about letting others down so you can pursue important ambitions without fear.
The problem when fear holds us back
The challenges of trying to achieve lofty goals, especially when facing personal and professional barriers, can be daunting. This was an issue mentioned by Ivette Mayo, entrepreneur, business coach, and author, at our Detroit Comerica Bank Women's Business Symposium. She explained that moving beyond fear can be empowering.
"Fear is something that we all have ... You need to stop believing in fear and start anticipating what is to come," said Mayo.
This outlook highlights the problem of fear. If you are so worried about risk that you're focusing on the negative, you can end up missing out on opportunities for growth and advancement. If you take a more thoughtful, strategic approach to growth - moving beyond fear and becoming pragmatic - you can start to look for financial services that can help you get ahead.