Do you often feel intimidated by the high level of confidence shown by your competitors? Or probably you seek better ways to boost your self-confidence level as an entrepreneur? Check out the confidence-building tips in this article to learn how to develop confidence as a business owner.
Many business owners share some particular qualities that are of importance when starting and growing a business.
These qualities are being resilient, passionate, hardworking, and focused.
However, the quality that may have the most impact on a business owner’s success is confidence.
How To Develop Confidence As A Business Owner
You are most likely to successfully pitch your new business venture to a potential client if you are self-assured.
You see, only confident people can do this.
Also a lot of business activities require confidence.
Such business activities include product launching, board meetings, and critical decision-making.
There are many ways to develop confidence as a business owner if you truly want to achieve success.
The following tips will be helpful in your quest to improve yourself and be able to represent your business with full confidence.
1Be A Total Package
In everything you do, always make it a point to look good.
When you are well dressed, it reflects on your personality.
It communicates competence, power, and knowledge.
Of course, don’t forget to dress according to the occasion.
Looking and feeling good boosts your level of self-confidence
During a business meeting or a meetup with suppliers, remember that you are representing your business.
How they see you is how they see the business.
Therefore, you have to ensure that you are dress appropriately for the occasion and feel good about what you are wearing.
2Be Very Clear With Your Higher Goals And Purpose In Business
Of all the many ways to develop confidence as a business owner, this is one that you should pay particular attention to.
As spiritual as it may sound, attaching yourself to a higher purpose allows you to doubt yourself less and think less of what others say about you.
Your focus should be on more noble things such as how much you’re helping a lot of people through your business.
Now that’s what it means to develop a higher purpose.
You become selfless.
You give without expecting anything in return.
This is why you are called to first and foremost determine what your higher purpose is.
Once you have determined this, it is easier to be confident in what you do.
3Prepare For Worst-Case Scenarios in Business
This may sound absurd, but a lack of confidence in oneself often sprouts to your fear of failing.
But one way to overcome this is to know the root cause of the problem.
Developing confidence as a business owner is possible when you are able to predict the negative outcomes of your decisions.
You also need to identify probable solutions that will help in lessening uncertainties and thereby encouraging confidence.
It would also help to think about the possible consequences of your bad decisions.
Oftentimes, we impulsively decide on matters without thinking over what will happen next.
If you know how to prepare for the worst-case scenarios, you will not be startled or shocked at what might take place next.
It will also help you react and decide on things more clearly.
This is because you would have already thought out steps should the worst happen.
4Excellence, Not Perfection As a Business Owner
The problem with many entrepreneurs is that they go for perfection all the time.
When you set yourself to achieve unrealistic goals, you’re only setting yourself up for major disappointment.
Demanding goals that go together with a kind of belief that failure is a sign of worthlessness is not helpful at all.
When you chase perfection, you only lessen your capacity to boost your self-confidence.
You tend to assess yourself against standards that are unachievable and impossible to achieve.
On the other hand, strive hard to pursue excellence in all the things that you put your hands into.
You aim for excellence by giving yourself the chance to achieve the highest standards that are considered attainable and possible.
Knowing that what you’re doing is of the highest standards will further boost your confidence in yourself.
Therefore, do not chase perfection because you will only get disappointed.
5Learn From Your Own Experience
After a hard day’s work, reflect on the things that you have gone through.
After a meet up with a client or a supplier, what did you learn?
Boosting one’s confidence as a business owner entails that you mull over all the experiences gained every day, whether big or small.
Jot down everything on paper.
For example, you have given a talk to a group of small business owners, write down how the speaking engagement went.
Did you give a good talk?
What part of the speech do you think you would’ve given more emphasis on?
What part would you not want to forget so you can use it again for your future speeches?
Taking time to scrutinize everything that you have went through will help you learn from good and bad experiences.
Self-confidence is gained from repeated experiences and your willingness to strive harder and do better.
6Always Make Time To Prepare
Developing confidence as a business owner is possible if you always allot time to prepare.
When you come to work prepared, regardless of the occasion, you will feel more confident about yourself and your ability to do the job.
Preparation allows you to have a headstart so you can act your best.
Take for instance; attending a meeting.
Meetings are engagements that often test your self-confidence.
Meetings can either make or break your belief in yourself.
These are also times when you get easily judged for what you say or do.
This is why it pays to prepare at all times.
Here are some tips that you might want to take note of
- Review all the things that you think will be part of the agenda of the meeting.
- Take note of the current situation of the business.
- Are there any issues that need to be tackled?
- What possible solutions can you provide?
- Always have a ready answer should you be asked to contribute to a particular discussion.
- Again, the key here is to review the recent meeting’s discussion and the latest issues the business is facing.
- You may also prepare questions that are connected to the topic being discussed.
- If you done the suggestions above and you still don’t have an answer to a question, ask for some time to get back with a response.
Leaving a meeting with the thought that you have contributed positively to the discussion can be good in building your self-confidence.
7Learn From The Best
You can also develop confidence by associating yourself with people who are considered the cream of the crop in the business.
Observe what they do and study how they do things.
The major influencers in your work life can be your former boss, a successful entrepreneur, or someone whom you really look up to.
Research everything about them including their successes and failures.
What you will discover about these people will help in your business execution, so you can be able to reach their level of success.
There will be times when you will doubt yourself and that is just normal.
8Change Your Mindset
At one point in your life, you may have experienced a narrative that you have somehow created about yourself that shaped your perceptions.
In most cases, this kind of narrative becomes the basis of an individual’s self-image.
Changing your story would mean understanding where that perception of yourself came from.
Impulsive negative thoughts such as
- “you’re not going to be successful”,
- “you’re not good enough”,
can repeatedly play in your mind that you somehow believe they’re true.
Note that these thoughts were not really in your mind before.
Meaning, they were learned and therefore can be unlearned.
How then are you going to change your story and focus on improving self-esteem?
Using positive affirmations is one sure way to go about it.
Take note of the positive aspects of your life as well as your achievements.
Have these affirmations repeated as many times as possible.
According to Thomas Boyce, “training through repeated use of affirmations can help decrease signs of depression and ultimately develop a belief in oneself”.
9Do Some Confidence-Building Exercises
There are many exercises to assist business owners in developing the confidence needed for success in business.
The same is true when you’re trying to develop not just confidence in business but in your overall life.
Confidence isn’t a coincidence.
Instead, it is known to be a series of behaviors that anyone can start to nurture.
The result might take time, but with consistent practice, the more you’ll be able to gain confidence in yourself.
10Pay Less Attention To Your Insecurities
When in business, you will get to know many successful people who seem to have gotten things very easily.
In truth, things aren’t as simple as you think they are.
Most successful business persons, no matter how equipped they are, still struggle in business.
You may not witness it, but all good things do not come that easy.
What you can do is to start eliminating things that you think are holding you back.
Are you hesitant in collaborating with a famous personality?
Are you afraid that your business won’t make it given the stiff competition in the market?
These thoughts may have crossed your mind, but the best thing to do is to simply do it.
If you have already studied the risk and weigh your options then don’t be afraid to do it.
Don’t let your insecurities hinder you from growing your business and succeeding in the field.
11Learn To See Yourself As More Confident
When starting out on a journey of self-improvement, it can be difficult to see what the end result will be.
It’s easy to become bogged down in the ‘what ifs’, and this is where visualization can help.
These steps could help you visualize your self-confidence;
- Sit in a comfortable chair, in a relaxed position
- Close your eyes, and begin to focus on your breathing
There is no need to breathe more slowly; just pay attention to your natural breathing patterns.
- Start to build a picture in your head of how a more confident ‘you’ would look and act.
Where are you?
Who is with you?
Take note of the details and see yourself growing confident from within.
While you are working on building your confidence, take this image with you and use it as motivation to become this new, more confident, version of yourself.
12Teach Yourself To Become Comfortable Being Uncomfortable
Life can make you feel uncomfortable, but this doesn’t have to stop you from achieving your goals.
In truth, when you practice the art of being comfortable in uncomfortable situations, you’ll have more confidence in dealing with most situations and challenges.
Unfortunately, most people avoid discomfort.
Many still continue to live in their comfort zones.
This lessens the chances of their success in business.
When you constantly take risks, your comfort zone enlarges.
Even taking small steps towards your goals and expand your horizons can make you feel more positive about life.
Remember, feeling uncomfortable can be a good sign.
It could mean moving forward and exploring unfamiliar territory.
Consequently, you’ll be more open to new people, places, experiences and adventures in your life.
You’ll also be open to new business opportunities.
13Learn To Zoom Out
Whenever your self-assurance takes a blow and is in immediate need of a quick pick-me-up, take a rational step back.
Contemplate on the challenge in the bigger story of your life.
Will it still matter in a week, a month, or a year from now?
Truth is the things that often worry people in business often cease to exist after a while.
So, zooming out like this helps to speed up the process of building confidence by giving you some instant perspective.
14Take Time To Unplug
For all its benefits in connecting us to friends and loved ones, social media can be toxic to confidence.
While it undoubtedly allows us to share happiness and positivity with those around us, it also remains open to abuse by those who always want to brag about themselves.
So, rather than comparing your life and achievements with those of others, take some steps to reduce the time you spend engaging with them.
Try unfollowing people you may barely know or like, or even deleting the most addictive apps from your phone.
When you take a break from all the online hullabaloo, you’ll be able to focus on who and what is truly important to you as a business owner.
Mindfulness, which was developed from Buddhist teachings, is a technique for living in the “here” and “now”, rather than being preoccupied with the past or the future.
It can help you reduce your stress levels by allowing you to let go of obsessive thoughts about what’s been and gone, or what is yet to happen.
A simple technique to increase your mindfulness is to alter your work routine slightly.
Alter the routine so that you pay more attention to your surroundings, rather than being ‘on autopilot’.
Taking time to reflect on your environment can put your worries into perspective.
If you can be mindful, you will be able to pay more attention to the positive aspects of your day and gain confidence from seeing them more clearly in the present moment.
16Focus On Feedback And Not Failure
It’s possible that even if you set the most relevant, realistic goals, you may not achieve them in the way or within the time-frame you would like.
Life may throw something unexpected in your path that stops you from achieving what you want and even when you want.
Always remember, this is not a failure.
Feeling like you have failed is bound to drain your confidence level.
The best thing to do is to draw a mental line under it, learn from what’s happened and try again.
Final thoughts on How To Develop Confidence As A Business Owner
Building confidence takes time and lots of conscious efforts to practice it.
As a business owner, confidence is one of the essential ingredients of business success.
Confidence helps you scale new heights in business.
The tips above are meant to help you develop confidence in handling your business and life in general.
The key thing is putting these tips to practice and you’ll be surprised at how improved your confidence level will be.
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