UNIVERSITY OF

CENTRAL PUNJAB
ASSIGNMENT NO: 3
SUBJECT:
Fundamental of Entrepreneur
TOPIC:
How fear helps entrepreneurs to achieve
their goals?

NAME:
Asma Ghulam Rasool
ROLL NO:
G1f22UBSCS202
SECTION:
BSCS (B)
SUBMISSION DATE:
22-02-2023
SUBMITTED TO:
PROF: Amir Ilyas
 How fear helps entrepreneurs to achieve their
goals?
We defined fear of failure as a temporary cognitive and emotional reaction to a threat to
potential achievement. Our research shows a more nuanced picture: Fear can inhibit and
motivate. Rather than simply stopping people from being entrepreneurial, fear of failure can
also motivate greater striving for success. Fear helps protect us. It makes us alert to danger
and prepares us to deal with it. Feeling afraid is very natural and helpful in some situations.
That being said, fear can sometimes be a useful tool for entrepreneurs if it's balanced with
other sources of motivation and a strong support system. For example, fear of failure or
losing one's business can motivate entrepreneurs to work harder and make smarter decisions.
However, this approach can be risky and should be balanced with a sense of purpose, passion,
or a desire to make a positive impact. Fear can be like a warning, a signal that cautions us to
be careful. Fear is a powerful motivator because it makes us uncomfortable, and we want to
move away from that discomfort toward our comfort zone. While it is powerful, the problem
with fear motivation is that it can become stressful over.
However, fear should not be the primary source of motivation for entrepreneurs. A more
sustainable and effective approach is to focus on a positive vision of success, and to be driven
by a sense of purpose, passion, and determination. By cultivating a growth mindset and a
commitment to continuous improvement, entrepreneurs can overcome obstacles, learn from
failure, and achieve their goals with greater resilience and confidence. For example, fear of
failure can motivate entrepreneurs to work harder and smarter to avoid failure. They may
seek out mentors, develop better plans, and do more research to increase their chances of
success. Similarly, fear of missing out can motivate entrepreneurs to seize opportunities and
act quickly to gain an advantage in the market. Moreover, fear of losing money can motivate
entrepreneurs to focus on their financials, create a budget, and seek out funding or investment
opportunities. Fear of being overtaken by competitors can motivate entrepreneurs to
innovate and improve their products or services, to stay ahead of the competition.