3 Beliefs That Are Holding You Back from Investing in Your Business

Posted on February 16th, 2018
make money repeat

While doing a recent guest appearance on a radio show, I got into an interesting conversation about investing in your business. The host is a business owner, but she feels a lot of fear when it comes to spending money on her business.

To be honest, I see this fear come up a lot during consultation calls. People are all gung-ho until the fear of spending money stops them dead in their tracks.

Before getting into the beliefs behind this fear, I first want to say that I get it. I used to be terrified of investing in my business as well. You know what happened as a result? By business stayed stagnant for many years.

I’ve also seen this happen with coaching clients who for many years refused to invest in their businesses. Now that they are investing, they are getting the knowledge and skills they need to move forward. As a result, they are on track to make more money.

Here are four reasons why you may be afraid of investing in your business. These are based on hundreds of consultations throughout the years.

I won’t make a return.

Perhaps the most common fear you may be facing around investing in your business is not knowing whether or not you’ll get a return. In other words, you’re not trusting.

I’m going to let you in on a secret from the finance crowd. When we invest, we know we’re getting a return. However, we may not know what that return will look like at the time of investing. That is where the risk lies.

The difference between those who successfully invest in their businesses and those that don’t is they act on the knowing of making a return, not the exact details of the return. Everyone else tries to figure out exactly how a return will look like. Here’s a newsflash: Since you can’t predict the future there is no way for you to know the details.

I have a fear of success.

The fear of success also has a lot to do with the fear of investing in your business. Granted, this fear is sneakier but it is very common.

People are afraid of what success will do to their lives. They are afraid of having eyeballs on them. As such, they sabotage. One of the ways in which they sabotage is in failing to invest.

Another way in which this manifests is fearing that you don’t deserve success for whatever reason. This is usually tied to some sort of self-worth issues that haven’t been resolved yet.

I failed before therefore I’ll fail again.

If you have failed in the past, it will be hard for you to invest in your business. The reason is because you feel like you have evidence as to why things don’t work out.

For example, I often tell people that they were swindled by a business coach. Or, they took a course that didn’t prove to be fruitful. They often use this as an excuse to not move forward.

That’s cool. So have I. Does that stop me from investing? No. I simply take the lessons so that I do better next time.

Final Thoughts

In order to grow a business, you must get over your fear of investing in your business. At the end of the day, it does take money to make money. Because of this, you need to find ways to move forward and make the investments regardless of whether or not you can control the future.

Amanda Abella

Amanda Abella

Amanda Abella is a Millennial Finance Expert that helps people understand their finances and eliminate all bad debt. She wrote a book, Make Money Your Honey. It is a powerful guide on how to have a better relationship with work and money. You can actually start building an extremely profitable business around the things you're passionate about.

About Due

Due makes it easier to retire on your terms. We give you a realistic view on exactly where you’re at financially so when you retire you know how much money you’ll get each month. Get started today.

Due Fact-Checking Standards and Processes

To ensure we’re putting out the highest content standards, we sought out the help of certified financial experts and accredited individuals to verify our advice. We also rely on them for the most up to date information and data to make sure our in-depth research has the facts right, for today… Not yesterday. Our financial expert review board allows our readers to not only trust the information they are reading but to act on it as well. Most of our authors are CFP (Certified Financial Planners) or CRPC (Chartered Retirement Planning Counselor) certified and all have college degrees. Learn more about annuities, retirement advice and take the correct steps towards financial freedom and knowing exactly where you stand today. Learn everything about our top-notch financial expert reviews below… Learn More