Have you heard of the Startup Visa in the Netherlands?
Since 2015, the Dutch government passed a regulation to encourage non-EU nationals to launch their business in the Netherlands with the Startup visa. Read here to learn more about the requirements.
But, wait, are you feeling the fear of starting a business in the Netherlands? Do not worry, it is totally normal and human to fear of the unknown.
However, on the other side, if you do the things in the right way, you will eliminate such risk.
So, in this post, I would like to share some things from Entrepreneurship in the Box that you could use to conquer your fears of starting a new business in the Netherlands with the Startup Visa.
1. Do a fear-setting exercise: A Checklist Template for Defining Your Fears
Tim Ferris, the productivity guru and author of bestseller “The 4-Hour Workweek”, develops "Fear Setting" as an important tool that will help us overcome the fear of making difficult choices.
In entrepreneurship, defining your fears is as important as defining your goals.
Checkout this link to get the FREE fear-setting template. The fear-setting exercise answers the following questions:
Part 1: What are the worst things that could happen? How do I prevent each from happening? If the worst happens, how can I fix it?
Part 2: What are the possible benefits if successful or partially successful?
Part 3: What are the costs of your inaction? If I avoid taking actions, what are the things I might miss out on?
All you need to do this exercise is a pen and paper.
So what are you waiting for? Go conquer that fear ;)
“The more you hide from it, the bigger it gets. The scarier it gets. Don’t allow that to happen — instead, confront it, face it and get after it.” - Jocko Willink, Navy SEAL, author and leadership coach
2. Research, research and research. Prepare yourself.
Before start with your business idea, you need to understand the market you want to get in. By doing so, you’ll be able to identify any market gaps and assess whether or not your business has the potential to close them. The more preparation you do, the less likely you’ll be stumbling further down the line.
Research is the simplest way for you to get to know your target market and market trends. It also means you can identify consumer problems and realistic competitors. Having this understanding from the beginning can result in a robust business strategy.
3. Think about the benefits that you will earn
Starting a business in the Netherlands can also give you many benefits. Think about the followings:
You will do something that you love to do if you base your business on your real passion;
The earning potential can be higher;
You will be able to make your plans;
You will control your destiny;
You will select people with whom you want to work;
You will have constant challenges in your professional life;
You will be exposed to an open and international environment.
Or, to put the question in another way: What will be missed opportunities that you might have if you don’t take those first steps to start a business in the Netherlands?
4. Everyone fails, failure is a learning possibility
Understand that everyone fails. The only people who don’t fail are those who never take something, or do something. You will not fail if you don’t take the risk.
Many successful business owners have already failed, not once, but many times before they reach the first success. You need to remember that most successful entrepreneurs have failed. When they fail, they learn something new. They experience new things. With new knowledge and experience, they can simply improve their next steps.
Take comfort in the fact that although it may not be fun, failure is the norm, not the exception. Anticipate and expect it.
5. Take small steps. Every day.
Starting a new business is a big project with big goals. Don’t allow to stuck in not taking these first steps because you’re afraid that you won’t do enough.
Simply, start small and take an incremental step. Do your work step by step. You will remove the pressure from your head, and start accomplishing one little thing every day.
Day after day.
Looking for a handholding support for your Startup Visa application?
Shape of Green Business is here to guide you with the Startup Visa application, from business development of your idea to application submission, step by step.
We are specialised in business coaching and application process for your Startup Visa. We can provide you with the strategic shortcut to help you reach your goals with your Startup Visa application in the Netherlands in a guided and orderly manner.
Want to know more? Get your FREE 30-minutes chat now.