🎙️46. The 5 Biggest Fears Holding Back Aspiring Entrepreneurs (and How to Conquer Them)

Fearless Launching: Conquering the 5 Biggest Fears Holding Back Aspiring Entrepreneurs

In this episode of Fearless Thinking, host Michael Devous dives into the five biggest fears that hold back aspiring entrepreneurs and provides actionable strategies to conquer them. He explores the fear of failure, the unknown, public speaking, selling/promoting, and not being good enough. Michael shares personal anecdotes and insights on how to reframe these fears, build confidence, and embrace the entrepreneurial leap. He also emphasizes the importance of community support and introduces The Ascend Hub as a valuable resource for aspiring entrepreneurs. Tune in to learn how to turn your fears into fuel for your entrepreneurial journey.

Key Highlights:

• 5 Biggest Fears of Aspiring Entrepreneurs: Michael identifies and explores the five most common fears that hold entrepreneurs back: failure, the unknown, public speaking, selling/promoting, and not being good enough.
• Reframing Fear: He provides actionable strategies for reframing these fears, such as viewing failure as a stepping stone and embracing the unknown as an opportunity for growth.
• Building Confidence: Michael emphasizes the importance of practice, preparation, and finding your authentic voice to overcome the fear of public speaking and self-promotion.
• The Ascend Hub: He introduces The Ascend Hub as a supportive community and resource hub for aspiring entrepreneurs to conquer their fears and launch their businesses with confidence.
• Call to Action: Michael encourages listeners to join The Ascend Hub and take advantage of the pre-launch specials to access valuable tools and support.

Impactful Quotes:

• "Failure isn't the end. It's just a stepping stone."
• "Uncertainty is part of our entrepreneurial DNA... but even in the dark, there's always a light switch."
• "Even the most seasoned speakers get butterflies... the key is to practice, prepare, and find your authentic voice."
• "We need to master the art of self-promotion. It's not about being pushy, it's about sharing your passion and your vision and your values that you bring to the world."
• "You are good enough. You have unique talents, skills to share... every expert was once a beginner."

Key Takeaways:

• Recognizing and understanding your fears is the first step to overcoming them.
• Fear can be a powerful motivator and signal that you're on the right track.
• Embracing a growth mindset and continuous learning are essential for overcoming the fear of not being good enough.
• The Ascend Hub offers a supportive community and resources to help entrepreneurs conquer their fears and launch successful businesses.

Transcript

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Hey there everybody. 

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And welcome to Fearless Thinking, a 

podcast designed to help you navigate

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authentic leadership and the 

entrepreneurial journey.

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I'm your host, Michael Devous

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And these are my thoughts, lessons and 

insights from my entrepreneurial 

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journey into coaching workshops, 

motivational speaking. 

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And of course, what I picked up from 

interviews with inspiring leaders and 

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entrepreneurs along the way.

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My mission is to help people unlock 

their untapped potential by using fear 

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as a catalyst for powerful change and 

growth,

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so they can step into the greatest 

version of their most authentic selves.

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All right, let's get into some fearless 

thinking.

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Hey, fearless thinkers.

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Welcome back. 

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I'm your host, Michael Devous

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today's episode, by the way.

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You know, we wrapping up last week's 

episodes

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And the one before that, we were 

talking about

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the fires. 

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We had a second fire,

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another fire. 

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I mean, it's just like, this is what's 

going on in the world, like the world's 

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on fire.

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It was even closer. 

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They evacuated the entire town of Ruidoso

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New Mexico

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it's just devastating. 

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And sad, you know, the things that are 

happening to all of these folks and 

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people, and we're sitting right on the 

edge of all of this, you know,

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on pins and Needles,

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constantly in this sort of state

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of expectation,

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anxiety ridden expectation

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to, you know, will we get the call? 

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Won't we get the call? 

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Do we need to evacuate? 

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Do we not need to evacuate?

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We are very, very blessed

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that our Ranch has been spared.

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We're very blessed at the efforts of 

all of the firefighters

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and the people and the workers and 

everybody that have done everything 

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they can to get

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these fires under control.

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when they walk, when they step out to 

go to work, man,

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it's not like this, where I get to sit 

in the comfort of a room doing a podcast,

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are helping people deal with fear or 

whatever. 

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This is a comfort zone, you know, this 

is a privileged comfort space. 

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And those individuals that put their 

lives at risk every day for us, trying 

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to save our lives, save our properties, 

protect us, what have you, it's just incredible,

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the work that they do. 

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So thank you.

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All right. 

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So today, episode

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46, the five biggest fears holding us 

back as aspiring entrepreneurs

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and how to conquer them. 

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he's me,

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we're going to dive head first into 

this sort of messy, beautiful world of entrepreneurship.

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And I love talking about fear.

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This is a topic, that's close to my 

heart,

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it's close to everything, really, that 

I do. 

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You know, the fearless road thinking, 

fearlessly realist thinking, sorry,

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making fear of your friend, with my 

motivational speaking,

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and, of course, with the coaching and 

consulting that I do, right? 

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As well as, by the way, the Ascend Hub, 

where I will be providing those types

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of services, guidance and instruction 

and workshops and coaching

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there at the Ascend Hub for all 

aspiring entrepreneurs, mentors and leaders.

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it's this thing that I'm fascinated 

with, especially business fear, life

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fear, personal professional growth,

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dealing with and facing and 

understanding them.

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I think it's interesting.

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Of course I do, because I do it

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I better find it interesting. 

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If I'm dont, I'm in trouble.

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I'm passionate about finding new ways 

and opportunities to look at different 

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perspectives on how we deal with, and 

how we confront, and how we handle, and 

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how we manage. 

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You're in the face of, and on our 

entrepreneurial journey, right so think 

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of it like this, you're standing at the 

edge of

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(excuse me), of a diving board.

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Your heart is pounding your palms or 

sweaty.

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This is the entrepreneurial leap, my 

friends. 

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And there are a few universal fears 

that will can hold us back from taking 

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that leap.

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One fear of failure, ok? 

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pardon me, I'm so sorry.

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Remember that time

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I told you about

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losing my home and studio to wildfires?

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ha, remember that time?

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It was literally a couple weeks ago.

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That fear of losing everything,

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the anxiety that I was ridden with, was 

the same fear that actually keeps many 

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aspiring entrepreneurs from frozen in 

place and not taking that leap. 

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We're scared of failing and losing our 

investment and letting other people 

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down. 

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The investment of time

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and money and energy

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and all of those things

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builds up, and it becomes more and 

more, and more, and more and more in 

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for a penny, in for a pound. 

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Some of us don't know where to leap and 

wind a leap. 

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And some of us, by the time we get to 

that place where we need to do the 

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leaping and take that step, that leap 

of faith we've put so much time and 

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energy in it. 

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We're really terrified that we're going 

to lose all that effort, right?

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Or we're afraid we're going to let 

other people down. 

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You know, there's a big,

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you know, we've talked ourselves up, 

we've told people what we're going to 

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do. 

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We've built up the idea and the dream

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the lot. 

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There may be people, depending on you, 

job, for jobs, for work, for opportunity,

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just expectation that you will succeed.

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But here's the thing, failure isn't the 

end. 

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It's just a stepping stone,

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actually. 

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And this is something I've said before, 

I don't really think, I don't think 

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it's failure. 

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Unless you stop trying when you stopped 

trying,

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when you stop advancing, when you 

stopped progressing, when you stopped 

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looking at and trying to take on new 

perspectives to observe a problem and 

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obstacle a challenge before you from a 

different way, shape or form, that's 

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when you fail. 

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But we, we, as entrepreneurs, we don't. 

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We just keep pushing forward. 

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That's every opportunity like that is a 

stepping stone.

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Sarah Blakely,

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who have I mentioned before? 

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The founder of spanks

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failed. 

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Her LSAT twice before starting her 

billion dollar empire.

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Hell, I failed my SATs

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Um gosh. 

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I think I took, I think I took it three 

times.

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And, you know, I think the highest 

score I got was 960.

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I'm telling you, standardized testing

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is great for making us all feel 

standard.

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There's not a whole lot there that, in 

my opinion, I just don't think it 

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really does test the measure of a 

person's ability and capability and 

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Acumen. 

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It just doesn't.

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I went on to do amazing things. 

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I hated high school. 

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I couldn't stand to be there. 

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Of course, I had a lot of bullies and 

torturers

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and struggles during junior high and 

high school, which is probably why I 

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was failing so many different things, 

because I just couldn't concentrate. 

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I was dealing with so many other,

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dealing with so many other things.

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When I got to college that's when I 

ended up excelling. 

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I got a's. 

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I ended up on the dean's honor roll. 

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The president's honor roll

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that's where I really found my stride

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and failure is where the real learning 

beginnings for us it's where it really 

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starts to happen.

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Two is the fear of the unknown.

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Oh, god the variables guys, the number 

of things out there, the possibilities, 

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the roads, the different paths we could 

take.

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Uncertainty is a part of our 

entrepreneurial DNA it's like stepping 

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into a dark room

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and you just can't see what's in front 

of you or ahead of you. 

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But remember that, even in the dark 

there's always, always, always a light 

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switch. 

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That is your research, your business 

plan, your mentors, your strategies,

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all of the pieces of the puzzle that 

you begin to put together,

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the skill sets you've accumulated over 

many, many years and practices in 

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studying and learning. 

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These are your light switches at the 

Ascend Hub.

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You know, this is just another tool in 

your arsenal, by the way,

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with the community of individuals like 

minded and like valued individuals, 

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where you can share your fears,

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your unknown, get advice and find 

clarity amidst the amidst the chaos

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that can ensue when you step out onto 

this entrepreneurial path. 

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Um. 

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Fear of the unknown is interesting 

because

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our brains,

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human brains,

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we love stories. 

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We love a beginning and middle and an 

end. 

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And if

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there is no end, if it doesn't

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have a through line, if there's no 

story, arc that finishes.

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An unfinished story is a problem and a 

puzzle for us.

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If we don't know the ending, our brains 

will fill in the ending for us. 

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And if

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we don't have enough information, if we 

don't have enough feedback, we don't 

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have enough

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data that helps us fill in that gap. 

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At the end, the finish line, our brains 

will fill it in with doubts

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and fears of the unknown.

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So make sure you've got all of those 

stories filled out. 

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Write it down.

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The third one, fear of public speaking. 

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Ooh, this gets a lot of people

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let's, be honest. 

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Who doesn't get a little nervous before 

a presentation.

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I have a little bit of jitters and 

stuff before I, before I do 

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presentations. 

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It was, you know, when I was on stage 

for many years,

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and there's always this little

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piece of nervous energy that bubbles in

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before the curtains open. 

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Lights go up. 

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Audience is there. 

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But then you settle in and it's all 

good.

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Even the most seasoned speakers get 

butterflies. 

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This is because you care. 

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This is because you were, whatever 

you're getting ready to do, you value 

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so much, you're a little nervous about 

it.

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That's important that's information for 

you to have. By of the way, it's an

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energy you can tap into, it's an energy 

source you can tap into to help elevate 

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your excitement and your stage presence.

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This is something I can teach you, talk 

to you about. 

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In terms of performance coaching at the 

Ascend Hub.

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The key here is to practice and prepare

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making sure that you can find your 

authentic voice.

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This is what I help people do. 

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Performance, performance, performance, 

performance coaching.

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All of the different fears that we've 

had that we've been carrying with us,

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It's funny, how they find their way to 

you right at the moment when you're

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about to step on stage, or you've got 

to do a presentation,

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they can just pop up, even random ones. 

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But preparation is really a big key 

factor here. 

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And then number two, mental 

preparation. 

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This isn't just about memorizing your 

words

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for the presentation. 

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It's really about mentally 

understanding where you are, taking inventory

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of how you feel

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about the words you're saying, about 

the space you're in, about the 

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confidence that you're building and 

taking on, and wearing when you walk 

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onto that stage, into that boardroom, 

into that conference room, to give that presentation.

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And remember, you know, you don't have 

to be perfect.

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You just need to be genuine, and people 

will hear you. 

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And, by the way, get your reps out of 

the way.

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You've got to do it. 

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So might as well, do 100 of em.

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Get him out of the way. 

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Practice, practice, practice.

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Um. 

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Another fear,

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fear of selling and promoting. 

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You know,

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stop trying to be so humble.

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You know,

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just sell, sell, you're shit.

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So you sell, you promote, you it's. 

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Ok. 

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This is a big one for a lot of people. 

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You know, we're taught to be humble, 

not bragged,

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you know, put that, put that aside. 

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But as entrepreneur, as entrepreneurs,

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we need to master the art of self 

promotion. 

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It's not about being pushy, it's not 

about being egotistical.

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It's about sharing your passion and 

your vision and your values that you 

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bring to the world. 

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I mean, that is the purpose,

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by the way, of what you're doing. 

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You're bringing your vision and your 

dreams, and you're turning an end to 

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reality in the world. 

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00:13:16,262 --> 00:13:17,297

So you can make an impact,

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whether that's with the service of 

product,

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um, a message, a mission, whatever it 

is, that's valuable.

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So, you know what?

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Tuck that little humble thing, that humble 

pie

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00:13:28,975 --> 00:13:32,445

put that, put that away and start 

serving up some pride.

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Start serving up some promotion. 

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Start serving up a bit more of you. 

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You're valuable. 

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We need to know and hear what you have 

to say.

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00:13:41,221 --> 00:13:43,723

Another one is fear of not being good 

enough. 

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Now, I have talked a lot about

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00:13:47,227 --> 00:13:48,495

enough enough enough enough

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00:13:48,828 --> 00:13:51,398

I don't have enough money, I don't know 

of enough training, I don't have enough

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00:13:52,432 --> 00:13:55,301

friends, I don't have enough staff, I 

don't have enough leads, I don't have enough,

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00:13:56,503 --> 00:13:57,937

uh, you name it. 

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00:13:58,104 --> 00:13:58,905

Fill in that blank. 

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00:13:59,239 --> 00:14:00,106

I don't have enough. 

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00:14:00,340 --> 00:14:01,7

Fill in the blank. 

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00:14:02,676 --> 00:14:04,811

That anxiety over "enough-ism"

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00:14:06,346 --> 00:14:08,648

is, you know, it's one of the biggest

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00:14:11,217 --> 00:14:13,953

because you could fill in so many 

different things here. 

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00:14:14,587 --> 00:14:19,559

Our brains just keep dumping more and 

more into that space if we haven't prepared

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00:14:20,994 --> 00:14:22,429

a dreaded impostor syndrome. 

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00:14:24,898 --> 00:14:28,668

We all feel this at times, you know, do 

I belong here?

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00:14:28,735 --> 00:14:29,703

Have I earned this? 

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00:14:29,769 --> 00:14:30,337

What is the...

291

00:14:30,337 --> 00:14:30,503

What

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00:14:30,570 --> 00:14:30,737

Right

293

00:14:30,904 --> 00:14:31,471

Do I have? 

294

00:14:31,771 --> 00:14:33,6

Will people see through me?

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00:14:33,473 --> 00:14:34,341

But here's the truth.

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You are

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00:14:36,576 --> 00:14:36,910

good enough.

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00:14:38,11 --> 00:14:38,912

You have unique talents,

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00:14:42,115 --> 00:14:43,149

skills to share.

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00:14:44,184 --> 00:14:44,584

So

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00:14:45,151 --> 00:14:46,519

Embrace that growth mindset.

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You will keep learning. 

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00:14:49,55 --> 00:14:51,691

And remember, every expert was once a 

beginner.

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00:14:53,626 --> 00:14:55,962

We all start somewhere from zero to 

hero baby.

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00:14:56,196 --> 00:15:01,701

Like that is, that's what we do. And 

our beginnings have value.

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00:15:02,736 --> 00:15:03,870

So don't cheat yourself,

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00:15:04,671 --> 00:15:08,508

because you think you don't have 

enough, you have exactly what you need

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00:15:08,675 --> 00:15:08,975

to begin.

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00:15:13,313 --> 00:15:14,914

in conclusion, fearless thinkers. 

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00:15:15,48 --> 00:15:16,182

Thank you for joining me again. 

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00:15:16,349 --> 00:15:17,550

To day episode 46.

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00:15:19,386 --> 00:15:22,989

All the different fears that get in our 

way of starting out on our journey are 

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00:15:23,56 --> 00:15:27,293

simply just reminders of the value that 

we have and how important it is for us 

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00:15:27,293 --> 00:15:27,460

to succeed.

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00:15:28,595 --> 00:15:30,263

And that's, ok, fear is normal. 

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00:15:30,830 --> 00:15:32,499

Just it doesn't have to define our 

journey.

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00:15:33,933 --> 00:15:35,935

And ironically it will define our 

journey. 

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00:15:36,102 --> 00:15:39,139

In fact, everything you do against fear,  

everything you do to try to fight fear

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00:15:39,139 --> 00:15:41,708

everything you do to try to like, set it 

aside, deal with it,

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00:15:41,708 --> 00:15:42,342

overcome it.

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00:15:42,342 --> 00:15:45,945

what have you, actually does shape how we 

address our future and our path on our

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00:15:45,945 --> 00:15:46,680

journey as entrepreneurs.

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00:15:48,281 --> 00:15:50,817

And if you want support, and you want 

help, and you want a community

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00:15:51,851 --> 00:15:54,821

to get behind you in your product and 

your service and your launch, join the 

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00:15:54,821 --> 00:15:55,321

Ascend Hub.

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00:15:55,789 --> 00:15:58,758

You know we'll help you conquer your 

fears, to help you find your voice, 

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00:15:58,992 --> 00:16:02,595

will help you build resilience and will 

help you turn your entrepreneurial

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00:16:02,896 --> 00:16:04,898

dreams into a reality.

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00:16:05,632 --> 00:16:06,99

So, ok,

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00:16:07,233 --> 00:16:09,235

have a fantastic week by the way,

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00:16:11,137 --> 00:16:14,441

do some fearless thinking and help 

others ascend wherever you can.

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00:16:14,674 --> 00:16:15,375

Wherever you can. 

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00:16:15,608 --> 00:16:18,912

All right, kids, ah, we will see you at 

the next episode.

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00:16:19,145 --> 00:16:19,713

Take care. Bye.