A lot goes into running a business, and to be successful it seems like you need it all. Knowledge specific to your industry, the right people by your side. Passion to keep at it when times are difficult, a hefty pile of capital or some type of small business financing, and some luck.
What's missing from this list? Experts say [this] one thing is key; that success without it is a longshot. [This] is confidence.
Truly confident people are more likely to earn higher wages and get promoted more quickly in a work environment. Starting and running your own business without solid confidence adds exponential challenge to an already difficult goal.
Qualities of Confident People
Confident people look to themselves for happiness and self-worth.
Finding happiness from within rather than from the people around them enables confident people to draw strength from their own accomplishments and not to worry about what other people say or think about them. They're able to focus outward, praise other people for their contributions, and draw on their own self-worth. They also rarely
- seek to draw attention to themselves
- compare themselves to others
- or judge people, taking others down a notch to fell better about themselves
Confident people can say no.
Dr. Bradberry notes that saying yes without commitment leads to burnout, depression, and stress. Saying no without feeling bad about it, or avoiding unclear phrases like "I don't think I can," or "I'm not sure," is how successful people fully commit to the tasks or responsibilities they are ready to take on without spreading themselves thin.
Confident people are assertive when they speak but aren't afraid of being wrong.
They don't fluctuate or say "um" or, "I think..." Speaking with conviction is how you capture people's attention, communicate confidence, and reach goals. Although assertive, confident people tend to listen more than they speak, says Dr. Bradberry, rather than wait for the next minute to prove a point, interrupt another person, or one-up someone. And if they're wrong, they can admit to it.
Confident people know how to boost adrenaline and hormones that make them feel good.
A study from the Eastern Ontario Research Institute found that participants who exercised twice a week for ten weeks felt more competent in social, academic, and athletic situations. Exercise releases endorphins, nourishes your brain with oxygen and nutrients, makes you feel better, look better, think better, and improves confidence. Confident people also know how to fuel their androgen receptors by setting and achieving small challenges, which boosts testosterone, confidence, and drive.
Can you learn confidence?
Some people are inherently optimistic, self-assured, truly happy, and confident. But it's a mindset towards which we all can strive. There are ways you can boost confidence if you feel you're lacking.
- gravitate toward positive people
- make a list of your accomplishments for when you're feeling short
- be prepared (learn more!)
- don't accept failure, look for a new solution
- branch out/network instead of hanging with familiar people
- try to do one thing every day to feel good
- eat better
- identify people you respect who are confident and learn from them
You might have all other bases covered but developing a true sense of confidence might be your biggest asset when you're striking out in a new business endeavor.
Do you have enough knowledge, passion, capital, dedication, [confidence] to run a business?