Surveys across nations have revealed that fear of failure is the number one reason why you may not venture into a new business. Many successful entrepreneurs have failed several times before becoming successful but people forget their failures except the few who have experienced it. The fear of failure may also impact innovation, introduction of new products or expansion into new markets.
So mentors and coaches urge you to get rid of your fear and take the initiative. However, wisdom says a little fear is a good thing.