As important as it is to be extremely confident in the business world, many entrepreneurs find it difficult to achieve. To start a company, especially when it promises innovation that will change the world as we know it, brings a lot of responsibilities.
If you are an entrepreneur, you probably, at some point have experienced the impostor syndrome or founders fatigue – two difficult to overcome emotional experiences that affect negatively the lives of entrepreneurs.
Fostering your entrepreneurial self-confidence is difficult especially at moments when the business isn’t going so well and the stress of running a company gets to you but is very important.
In the end, if you don’t believe that you can make it, why should others believe in you? If you don’t believe in yourself and in the potential of your business, why should investors, your employees, your customers and business partners believe in you?
Building your entrepreneurial self-confidence is a process, which is strictly individual. However, there are specific techniques that you can embrace to help you feel more confident in your ability to run a thriving business like the following three:
Every single day do one thing that scares or challenges you. By challenging yourself on daily basis you are building not only your confidence but also other important skills for a business owner like discipline, consistency, self-drive, and effective decision-making. This approach is extremely effective as it helps you become more productive, more open to new projects, and braver when it comes to embracing new ideas.
Listen to the feedback you receive from your customers, listen to the feedback from the investors and mentors you work with. Encourage your employees to share with you their feedback. Feedback is a great source of information that can help you get a more realistic view of your performance and will allow you to discover your weaknesses and strengths.
Your inner critic may be too tough on you. Self-criticism can be inaccurate at times. Foster your self-confidence by collecting feedback from others as well – this will silence your overactive inner critic.
Acknowledge your accomplishments
Many entrepreneurs don’t spend enough time to celebrate their accomplishments. They hurry to move forward. Of course, the path of entrepreneurship is long and full of milestones to conquer. But this path also should be walked with patience and self-belief.
Celebrate small success. This will help you build your self-confidence. It will make you fearless and more ambitious. Focus on the success stories of your entrepreneurial journey, not only on the failure. Acknowledge the success and let the fulfilling feeling lead you forward.