Show me an entrepreneur who says he or she isn’t afraid of failing and I’ll show you a liar! A bold statement, absolutely, but a true one. Everyone is afraid of failing. The difference is that some of us let that fear of failure hold us back. Sometimes fear stops us from beginning altogether and that’s unfortunate. If that’s the case, make the decision now to just begin putting one foot in front of the other, making one phone call at a time, visiting one property, and then another. It’s not hard, but it can seem so if we focus on the end result instead of the tiny—and very doable—steps in between.
Sometimes fear of failure occurs when it comes time to "pull the trigger" on a property. I call it analysis paralysis and people fall into it all the time. They overanalyze an opportunity and are never quite able to sign on the dotted line. This article will prove especially helpful to people with this sort of fear because it will show you exactly what you need to know to analyze an investment property. When the numbers add up, no further analysis is necessary. Frozen in fear will be a thing of the past.