GOLDEN VALLEY, Minn. -- Most people don't like their jobs today, according to Gallup's 2013 State of the American Workplace Report. Just 30% of employees are engaged and inspired at work. The rest, not so much.
Many people would really like to start their own business, but don't. Why? Fear of the unknown.
Neil F. Anderson, President of The Courage Group, Inc., joined KARE 11 News @4 to talk about the blocks to starting a business and how to overcome them.
Anderson's The Three Commons Start-up Fears:
1) Starting up in a down economy
2) Fear of failure
3) Emotion- fear of cutting off your salary and benefits
Anderson's tips for overcoming start-up fears:
1) Starting up in a down economy-You are in good company. Many successful entrepreneurs started up during very difficult recessionary time including, Walt Disney, Amazon, FedEx, Apple, Home deport, Southwest Airlines and Microsoft.
2) Fear of failure-You need to have a "Failure is Not an Option" mindset, right from day one, for small business survival and growth. Need to understand, even before you start your own business, why so many start-ups fail.
3) Emotion-fear of cutting off your salary and benefits-If you are worried about income coming in, take on a part time job. And for health benefit purposes, here are some ideas:
- Tap into your spouse or partner's health benefits
- Work for a major company that offers fill time health benefits for part time work. I.e. FedEx, Costco, Starbucks.
Anderson's Tip-Search Google to find out more companies.
To buy your own insurance today, go to eHealth Insurance.
Obtain coverage through new exchanges beginning in October, as part of Affordable Care Act
Starting your own business is very popular, except in Minnesota. According to Kauffman Index of Entrepreneurial Activity, 514,000 people started their own business, each month during 2012. Yet in Minnesota, we came in dead last in the U.S. for startup activity. (With only 150 per 100,000 adults)
These are quotes from famous entrepreneurs that inspire Anderson-
"If you can dream it, you can do it." Walt Disney
"Your time is limited. So don't waste it living someone else's life." Steve Jobs
"The important thing is not being afraid to take a chance. Remember, the greatest failure is not to try." Mrs. Fields
The Courage Group, Inc. is a professional entrepreneurial services company. We provide services, especially to baby-boomers, centered on start-up planning, organization and implementation.
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