But whatever name you give it, believe it or not, some entrepreneurs are actually afraid to accept large sums of money for their efforts.
Here's a sample question:
Can you handle making $800.00 dollars, or more, for a single sale?
Many entrepreneurs think that since many people work a full week and never see that much money that it is somehow wrong to be on the receiving end.
Scientists have labeled this phenomenon as "Fear of Success".
Several research has been done on the development of (in)stability of self-esteem. These studies provide converging evidence about the stability of self-esteem between the ages 6 to 83.
There was found that stability is relatively low during early childhood (probably because of lack of cognitive growth), increases throughout adolescence and young adulthood, and then declines during midlife and old age.
Research of self-esteem in adolescence and adults has shown the importance of (un)stable self-esteem in terms of social-emotional functioning. Unstable self-esteem is negatively viewed and research has shown that an unstable self-esteem is an important predictor for internalizing and externalizing problems.
For example they found that self-esteem variability is a predictor of social anxiety, public self-consciousness, and self-perceptions that interpersonal problems reflect social avoidance. Self-esteem variability was also negatively associated with frequency of social interactions in the course of daily life.
A QUICK TEST
Watch this video to determine if you have fear of success: