9 Ways To Build Your Entrepreneurial Confidence

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It’s not easy being in business. There are always challenges, skills, and tasks to think of. And they can be difficult to manage no matter who you are. Some people, however, struggle more than most — and that’s because they don’t possess as much confidence in their business credentials as needed. While entrepreneurial confidence is something that can develop over time on its own, there’s merit to forcing it through, somewhat. Rather than waiting for that moment when you feel at your confident best, you’ll be able to hit the ground running.

 

In this blog, we’re going to look at nine useful actions that’ll put you on the right path. If you follow all of the tips, then you’ll be flying high once you get started!

Overall Confidence

There are specific things you can do that’ll improve your business confidence, but first, take a look at your overall confidence. Being confident in yourself in all aspects of your life will be the foundation that allows your business confidence to develop. There’s no shortage of things you can! The first, best step to take is to get rid of anything that might be impacting your confidence levels. For example, this could be people or a lifestyle factor that you’d rather not have. From there, it’s all about pushing forward — picking up a new hobby, challenging yourself to do something, or improving your appearance can all give you a confidence boost.

Learn From the Inside

You’ll feel a lot more comfortable in your ability to do your job if you know exactly what’s involved in the process. While you can set up a company no matter what level of experience you have, you’ll find that things are much easier if you have some experience in working in a company similar to the one you want to set up. This will allow you to see how things run on the inside, at a high level. Plus, you won’t just see what it takes; in all likelihood, you’ll play a starring role in helping the organization tick. The more experience you have working on the inside of these companies, the more confident you’ll be in your ability to do things on your own — after all, you’ll already have done many of the tasks that will be required of you.

Understand What’s Involved

Of course, even if you’ve worked within an organization, it’s unlikely that you know everything that’s involved with the running of the business. Let’s say, for example, you worked for a clothing company as a buyer. You’ll know the process of buying items and selling them, but you may not know all the additional things that go into running a business. There will be a lot of admin, legal, and other tasks that you will be in charge of, after all. If you learn the steps of starting a business, you’ll know exactly what you have to do to make your dream a reality. This will give you confidence that you’re doing everything that you’re supposed to be doing!

Find a Mentor

We mentioned earlier how you’ll likely acquire business confidence over the years. The problem is that it would be useful to have all that wisdom and insight right now rather than later. The good news is that there is a way to get all the wisdom and confidence that your future will have. It’s just that it’ll be in the shape of another person. Could you bring on board a mentor? They are older professionals that can direct and educate. This will help to give you confidence in many ways, but the most important way is that you’ll have faith that an experienced hand has looked over what you’re doing and given it a tick of approval. You can gain a lot of confidence from positive reinforcement! 

Talk With Others

One of the problems that all entrepreneurs face is that it can be difficult to understand if their idea is good or not. And of course, if you don’t have all that much faith that your business is a good idea, then there might be a nagging doubt in your mind that holds you back. One way to get around this is to talk with others. It doesn’t really matter who it is — it could be friends and family or just people you meet as you go about daily life. Then you’ll see what other people think — if they all say it’s a good idea, then it probably is.

Surround Yourself With Winners

It can be a little difficult to launch a business on your own. Your confidence in the strength of your company might struggle if you feel you’re responsible for absolutely everything. So why not bring other people onboard? And not just any old employees, but the very best. You’ll need to take a little more time — and spend a little more money — to ensure this is the case, but there’s value in doing so. If you don’t have the capital to hire full-time employees, then you can outsource the work to other companies. That’ll give you access to the best without paying the earth for it.

Don’t Look At Other Entrepreneurs

Comparison is the thief of joy. You might feel insecure if you see that other people are doing things better than you are. But remember that everyone’s on their own journey. Just focus on yourself and forget what others are doing. 

Take a Course

You’re not going to have all the skills you need to build a successful organization. Before you get started, it’s a good idea to perform a little bit of self-analysis and see what your strengths and weaknesses are. It’s good to focus on your strengths, since it’ll be those that really allow you to drive your business forward. But pay attention to your weaknesses too. No matter what areas you might struggle with, you’ll find that there’s a course you can take that will give you the skills you need. Indeed, some of these courses only take a weekend to complete. If you take enough of them, you might just find that there’s very little that can hold you back.

What’s The Worst That Can Happen?

Finally, think about this: what’s the worst that could happen? A lot of people’s confidence takes a knock not because of their lack of ability, but fear of failure. But if you take a step back and look at what’s on the other side of that failure, you’ll find that there’s very little there. And if you have trouble truly believing that, then think about this: many of the world’s most successful leaders have plenty of failures under their belt. Even if this particular venture doesn’t go as well as you’d like it to go, you’ll have other opportunities. Sometimes it’s a good idea just to dive into a project and see what happens, rather than letting hypothetical future scenarios hold you back. Indeed, just living with that attitude can be a confidence-booster!

Conclusion

As we said at the beginning of the blog: it’s not easy being in the business world. But it’s so much easier when we have confidence in what we’re doing. Indeed, if you take a look at the most successful entrepreneurs, you’ll find that the one thing they had in common was an unshakeable belief that they would succeed. Some people are just born with that confidence; others have to fine-tune it. The key thing to remember is that confidence is something you can influence! 

 

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Adam Tanton

Adam is a partner in B2BNN with over 15 years experience in the enterprise technology field.