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Fear is a motivating factor in our lives. In some ways it’s healthy–it prevents us from driving too fast or stepping too close to the edge of a cliff. In other ways, though, it can inhibit us from doing things that’ll benefit us.

Many women who consider starting a business encounter unexpected mental roadblocks that prevent them from moving forward. Here are some of the most common fears experienced by women who want to launch their own businesses–and how you can overcome them.

Fear of Financial Consequences
This fear is natural and completely rational. After all, if you’re investing time and money in a business, you assume some level of risk. There’s the fear of losing money invested, the fear of losing collateral, such as a home, and the fear of being unemployed if the business fails.

How can you deal with these fears?
Arm yourself with knowledge. If you don’t understand the financial aspects of your business–how to read a balance sheet, how to forecast and how to price–fears can mount. While it may not be practical to go back to business school, mentors can help. Try contacting your local SCORE chapter, which provides counselors to small businesses. The National Association of Women Business Owners also offers resources. And don’t forget to ask for help from your accountant and read as many business books and magazines as you can.

Women Entrepreneur