Psychologist’s trick to overcome fear effectively

Overcoming the fear of failure is crucial yet challenging for pursuing personal and professional goals. This fear often acts as a deterrent, preventing individuals from starting new ventures, pursuing education, or taking risks that could lead to growth. According to the 2024 Wells Fargo Impact of Women-Owned Business Report, women in the U.S. are significantly contributing to entrepreneurship, starting businesses at nearly twice the rate of men and representing a substantial portion of small business owners.

This fear stems from a natural instinct to avoid potential negative consequences associated with pursuing goals. However, it often proves more harmful than protective, hindering individuals from seizing opportunities. Recent research highlighted in the Journal of Happiness Studies suggests a practical approach known as “fear-setting” to mitigate the anticipated shame and embarrassment linked to failure.

“Fear-setting” involves a structured six-step exercise aimed at confronting fears head-on and preparing mentally for potential outcomes. First, individuals articulate a specific goal, such as launching a small online business, and then identify and rate ten or more negative outcomes associated with pursuing that goal. This exercise helps to realistically assess the likelihood of these outcomes occurring, thereby reducing their perceived threat.

Next, participants brainstorm preventive measures to mitigate these risks and outline strategies for addressing challenges that may arise. By engaging in problem-solving and planning for setbacks, individuals build resilience and confidence in their ability to navigate obstacles effectively.

Moreover, “fear-setting” encourages a shift in perspective towards the potential benefits of taking action. Participants reflect on how pursuing their goals could lead to personal growth, increased self-esteem, and valuable experience, even in the face of partial success. This reframing helps to focus on the positive aspects of trying rather than fixating on the fear of failure.

Lastly, the exercise prompts individuals to reflect on the consequences of inaction. By evaluating what they stand to lose by avoiding change, such as missed opportunities or unfulfilled potential, participants gain motivation to overcome their fears and take decisive steps forward.

Ultimately, adopting a growth mindset, as supported by research, fosters resilience and a belief in one’s capacity to learn and grow from experiences. Embracing tools like “fear-setting” empowers individuals to confront fears, manage risks, and pursue their aspirations with confidence and clarity. This approach not only enhances personal development but also contributes to a more inclusive and innovative entrepreneurial landscape.

Re-reported from the article originally published in Forbes.