Fear can paralyze a potential entrepreneur—something Philipp K. Berger knows all too well. Back in 2010, while working as a management consultant at McKinsey & Co., Mr. Berger thought about starting his own business. But he found himself caught up with worrying about the move.
“Even though starting a company was completely my dream, I found myself confronted with a lot of irrational fear that I really could not explain,” says Dr. Berger. “Even if the company failed, I was sure I would get another good job afterwards, so objectively there was no reason to fear.”
