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The Fear of Asking For Help: An Entrepreneurial Dilemma

Join Naomi Alstrom and Jason Todd in the latest Tuesday workshop at the Thinker Business Accelerator as they delve into the underlying factors that often prevent entrepreneurs from asking for help. They discuss issues such as self-reliance, hidden potential risks in seeking assistance, and the deeper fears that hinder mutual growth and success. This introspective and thought-provoking conversation also expands on critical external vs. inner approval concerns, the significance of emotional resilience, the benefits of working well with others, and practical ways to confront and overcome these barriers to ensure personal and business growth.

00:00 Introduction to the Workshop
00:25 The Struggle of Asking for Help as an Entrepreneur
01:38 The Fear of Being a Burden
04:28 The Risks and Rewards of Asking for Help
05:05 The Gamble of Entrepreneurship and Asking for Help
06:24 The Importance of Recognizing Individual Strengths in a Team
08:30 The Impact of Childhood Experiences on Asking for Help
14:58 The Role of Team Sports in Teaching Collaboration
20:29 The Power of Mutual Benefit in Asking for Help
21:54 Overcoming the Fear of Asking for Help
23:30 The Importance of Delegating Tasks You're Not Good At
26:05 Overcoming Fear of Disapproval
28:04 Understanding Self-Approval
29:08 The Struggle of Trusting Your Own Voice
29:45 Risk and Consequences in Decision Making
32:02 The Impact of Internal Dialogue on Approval Standards
32:58 The Influence of Passion and Risk in Entrepreneurship
33:52 The Power of Asking for Help
34:02 The Importance of Working Well with Others
36:20 The Consequences of Rejecting Opportunities
37:45 The Role of Control and Security in Decision Making
40:15 The Importance of Sharing Your Product, Service, or Message
48:17 Understanding the Root of Resistance to Asking for Help
48:55 The Different Aspects of Maturity
50:50 Closing Remarks

The Gist
Entrepreneurs must overcome fear of asking for help to succeed. Collaboration and self-development are key to long-term success in business.

Take Action
Think of an area where you are resistant to asking for help and ask yourself the five whys to get to the root of the problem
Consider addressing the underlying fear or insecurity that is holding you back from asking for help

Summary
Asking for help as an entrepreneur can be a gamble, as there is a risk of someone not following through and creating extra work.
The tendency for founders to believe they need to do everything themselves can stem from a fear of letting others down and a desire to maintain their reputation.
Participation in team sports and military service can enhance collaboration skills and contribute to future success in various environments.
The importance of allowing others to help and how it encourages personal and professional growth in individuals.
The hindrance of seeking approval from others and how it limits personal development and happiness.
The risk factor of asking for help in entrepreneurship: The speaker discusses the fear of inviting others into their business and the potential for them to cause damage or not meet the needs of the business. This fear stems from the hyper-independence that often comes with being an entrepreneur and the deep investment of heart and soul into the business.
The importance of working well with others in entrepreneurship: The speaker emphasizes that successful entrepreneurs are those who know how to work well with others, whether it's customers, team members, vendors, or stakeholders. They highlight the African proverb "If you want to go fast, go alone. If you want to go far, go together" to illustrate the significance of collaboration and teamwork in achieving long-term success in entrepreneurship.
The need to address underlying fears and anxieties that hold us back from asking for help in order to naturally and confidently seek assistance.
The importance of self-development and addressing personal barriers in order to grow and succeed in business.