As an entrepreneur, you wear many hats. You are the CEO, the CFO, the COO, the janitor, and everything in between. With so much responsibility on your shoulders, it's no wonder that impostor syndrome is a common problem for entrepreneurs. So, what is impostor syndrome? And more importantly, how can you overcome it?
What is Impostor Syndrome?
Impostor syndrome is the feeling of self-doubt and insecurity that comes from believing that you are not qualified to do the job you are doing, despite evidence to the contrary. It is common among high-achievers and is often characterized by a fear of failure.
When is Impostor Syndrome Likely to Occur?
Impostor syndrome is most likely to occur when you are starting a new venture or taking on a new role within your company. The feeling of being out of your depth can be overwhelming and can lead to self-doubt and insecurity.
The Dangers of Impostor Syndrome on Your Startup
Impostor syndrome can be dangerous for your startup for a number of reasons. First, it can lead to decision paralysis. When you second-guess every decision you make, it's hard to get anything done. Second, impostor syndrome can lead to burnout. When you're constantly doubting yourself and your abilities, it takes a toll on your mental and physical health. Finally, impostor syndrome can damage your relationships with co-founders, employees, investors, and customers. When you're consumed by self-doubt, it's hard to build trust with others.
Proactive Steps to Take When Dealing With Impostor Syndrome
- First, identify your triggers. What situations cause you to feel like an impostor? Once you know what your triggers are, you can start to address them head-on.
- Second, reframe your thinking. Instead of focusing on all the things you don't know or haven't accomplished yet, focus on all the things you have accomplished and all the progress you've made.
- Third, build a support network of people who understand what you're going through and can offer advice and encouragement.
- Finally, give yourself credit where credit is due. Acknowledge your successes—no matter how small they may seem—and celebrate them!
Dealing with impostor syndrome as an entrepreneur is no easy feat but it's important to remember that you're not alone. Millions of people around the world suffer from impostor syndrome at some point in their lives. By taking proactive steps to identify your triggers and reframe your thinking, you can start to overcome impostor syndrome and build a successful business despite self-doubt.
