How to overcome a crisis of confidence?

edited 30 November -1 at 1:00AM in Small Biz & Charities' MoneySaving
4 replies 2.7K views
timehastoldmetimehastoldme Forumite
211 Posts
Eighth Anniversary 100 Posts Name Dropper Combo Breaker
✭✭
edited 30 November -1 at 1:00AM in Small Biz & Charities' MoneySaving
Was wondering how other people deal with this (or even if they have it?)

A couple of years ago I had an idea for a small educational business. I've made prototypes, tried it out in school, costed, made a development plan, made a blog, website, logo...

Then completely lost confidence and backed off. Not good enough, not original enough... even though it's been tested and is fine!

Any experience/advice?

Replies

  • martindowmartindow Forumite
    9.2K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    I think most people have wobbles like this - if you don't you are probably hopelessly unrealistic following your dream.

    Have you asked someone else to look over what you are doing to get their reactions? This adds confidence but it needs to be someone who is going to be honest and realistic. Close family and friends will not be truly objective.

    Can you start the business up without leaving your current job? That takes the pressure off and lets you see how it goes until you get to the point you can be confident that it is going to work.

    If you abandon the idea without trying it you will be thinking 'What if...' for years to come. Give it a try and I hope it works out.
  • fewgroatsfewgroats Forumite
    774 Posts
    Fifth Anniversary 500 Posts
    ✭✭✭
    I think having to spend your own money has a divisive effect and people just stop.

    Maybe freelancing then? Look at the various freelancing sites around? No investment needed.
    Advent Challenge: Money made: £0. Days to Christmas: 59.
  • timehastoldmetimehastoldme Forumite
    211 Posts
    Eighth Anniversary 100 Posts Name Dropper Combo Breaker
    ✭✭
    Thank you both,

    I did run it by some trusted educational specialists who thought it was a good idea. Took redundancy and a much more part time job to give it a chance, guess it is just the wobbles/self doubt. Going to force through.

    Thank you!
  • Percy1983Percy1983 Forumite
    5.2K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    ✭✭✭✭
    I think in my case I just got my services out there and didn't chase work, I had one customer which got me a second, which got me another two.

    By that point I was getting a lot of feedback and praise to which I then setup a website and started get more work, past that I got on facebook and things started really going.

    I suppose its just getting going initially which is the problem, to which I have to say just do it.

    The other way of thinking is yes it may fail, but if you don't try you will never know.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
This discussion has been closed.
Latest MSE News and Guides

A guide to council tax bands

Lower your band & save £1,000s

MSE Guides

Cinema MoneySaving tips & tricks

Including year's 2for1 movies for £1

MSE Deals