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Of Being A Confident Entrepreneur Chapter 7 Discussion

The document discusses the importance of confidence for entrepreneurs. It states that confidence is critical for business owners and successful entrepreneurs need to be confident to start a business, make decisions, and believe in their strategies. It then provides tips for building confidence as an entrepreneur, such as setting SMART goals, celebrating successes, dressing professionally, and improving skills. Building confidence can improve performance, relationships, willingness to try new things, and resilience.

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Charlie Philip
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0% found this document useful (0 votes)
16 views5 pages

Of Being A Confident Entrepreneur Chapter 7 Discussion

The document discusses the importance of confidence for entrepreneurs. It states that confidence is critical for business owners and successful entrepreneurs need to be confident to start a business, make decisions, and believe in their strategies. It then provides tips for building confidence as an entrepreneur, such as setting SMART goals, celebrating successes, dressing professionally, and improving skills. Building confidence can improve performance, relationships, willingness to try new things, and resilience.

Uploaded by

Charlie Philip
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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The Importance of

Being a Confident
Entrepreneur
In business, confidence is critical. Successful business owners are, by definition, confident
entrepreneurs. You need the confidence to start a business, to believe in your decisions and
strategies, and that you’re making the right strategic decisions.

 Confidence is a feeling of trust in your abilities, qualities, and judgment.


 A belief that one is capable of successfully meeting the demands of a task.

Before we talk about the confidence of an entrepreneur, let us first improve ourselves for the
better.

Ways to Be More Confident


Stop Comparing Yourself to Others
Surround Yourself with Positive People
Be Kind to Yourself
Practice Positive Self-Talk
Be likeable
Do Things You're Good At

Know your movements/body language


Dress for the occasion

Confidence and Charisma go hand in hand, remember that being confident is not thinking that
you are better than other people, but you view them as your equal and a person that you want
to convince or persuade.

Here are also 5 Habits that can help you look


confident.
1. Move slowly and don’t’ rush when speaking.
2. Greet everyone around you.
3. Make yourself comfortable.
4. Stay anchored to yourself.
5. Use your hands/gestures when expressing.

Remember, Confidence isn’t thinking you’re perfect, it’s


being comfortable with the ways you are imperfect.
How to build confidence as an entrepreneur?

1. Set SMART goals


How you set goals and the type of goals you set can either bolster or
diminish your confidence as a business owner.

2. Define your strengths and weaknesses


You’re the owner, in-house accountant, marketing specialist, customer
advocate—the list goes on and on. Unfortunately, that doesn’t
necessarily mean that you’re incredibly skilled in each of these roles.

3. Hire people with skills you lack


Your choice of employees often determines the success or failure of
your business. You simply can’t be everywhere and do everything.

4. Celebrate your successes


You hit that sales milestone, locked in funding, or launched a new
product—that means it’s time to celebrate. You just need to
acknowledge the win in a meaningful way.

5. Dress for confidence


You dress in a fashion that you feel most comfortable with and that
best reflects the style and culture of your business.

6. Find a healthy stress reliever


Stress can be a truly damaging element of running a business. It
causes both a physical and mental toll that can derail your business
and your confidence.
7. Improve your skills
Your weaknesses can hinder your performance. Do you just accept
them and settle for being weak in each area? Or do you face the
challenges head-on and try to improve them?

8. Make big decisions


Throughout the life of your business, you’ll be faced with plenty of big
decisions.

9. Review your plan


One of the best ways to improve your confidence is preparation.
Today, being prepared in business requires regular planning and
reliance on data, not just gut feelings, or instinct, to make better
decisions.

Benefits of Confidence
Being confident in yourself just feels good. That said, having self-
confidence can also bring many additional benefits at home, at work,
and within your relationships.

 Better performance: Rather than waste time and


energy worrying that you aren't good enough, you can devote
your energy to your efforts. Ultimately, you'll perform better when
you have more self-confidence.
 Healthier relationships: Having self-confidence not only impacts
how you feel about yourself, but it helps you better understand
and love others. It also gives you the strength to walk away from
a relationship if you're not getting what you want or deserve.
 Openness to try new things: When you believe in yourself, you're
more willing to try new things. Whether you apply for a promotion
or sign up for a cooking class, putting yourself out there is a lot
easier when you have confidence in yourself and your abilities.
 Resilience: Believing in yourself can enhance your resilience or
ability to bounce back from any challenges or adversities you
face in life.

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