That big word is confidence. Take a public speaker for example. He does his research and believes in what he’s about to deliver. Believe takes him to the stage but confidence backs him to speak.
What You Need to Know About Confidence.
Psychologytoday.com defines confidence as a belief in one's ability to succeed. A research paper on How to build confidence by Yasmine Shahin in 2015 defined confidence as a state of being that makes you feel that you can achieve what you want in life."Most people are just too scripted in an inferior context that they rob themselves of the right to stand out. The net of timidity keeps them locked up in a cocoon, never to make their mark on the market.
Even though they strongly believe in what they do, they find it hard to express it openly or make a profitable venture out of their ideas. Why?
Because they think they are going to sound foolish and that what they have to say will not make sense. So they sit down and watch other business persons create their own businesses. And One funny thing is that these people will often see the mistakes others are making, and the variety of things others are doing wrong, but they can’t voice out or at least stand up to exploit the opportunities right before them.
Surely, this are the signs of self doubt, but not in your business this time. The problem is that you doubt your potential to emerge successful. You lack the right proportion of self conviction. That invaluable factor that makes you give a deaf ear to anything the folks have to say. You don’t give an ear, because you are sure of your self and what you represent. And like Yasmine said, you feel and believe that you can achieve what you want in life.
Confidence is what you need to succeed. It is a mantle that stabilizes the feet of it’s possessor. It makes you a professional overnight. With confidence, you don’t panic.
Confidence in Business.
There is a term under business and economy called Business confidence index (BCI)The business confidence index (BCI) is based on enterprises' assessment of production, orders and stocks, as well as its current position and expectations for the immediate future.
In order words, Business confidence index is the metrics of a business or economy that Portrays how trustworthy the venture is. It's value will either encourage or discourage investors from investing into your business. It reflects profits and loses and how good or badly a venture is operated.
Take for instance, the Business Confidence in Nigeria increased to 17.70 in the fourth quarter of 2017 from -2.60 in the third quarter of 2017.
Consequently, more investors would pump in their funds during the fourth quarter than during the third. This is because in the third quarter, BCI was low therefore investors did not trust the economy, but the fourth quarter was not so because as investors began to see an improvement in the BCI they knew their funds were entering into a growing economy.
The point I want to make from this is that the business confidence index depicts the trust factor of a company or startup. But people make up companies, people make up it's board of directors and infact, someone is the CEO. Therefore a company is a legal person managed by individual persons. So anything that affects the company is as a result of decisions made by the individual person(s) that run the business.
Consequently, if the confidence index of a business is low, it simply means that the board of directors or managers of such companies have very little confidence to take the right decision that could have produced a better result in the current positions and equity of the company.
Maybe we should just check individual confidence index
In business, you never want to keep quiet while things go wrong. Confidence and willpower takes care of that. The true leaders with the right individual confidence index are recognized by the way they handle difficult times.What it takes to make strong but risky business decisions that could turn profits for your company is a reflection of your confidence factor and how much of a leader you've become.
I’ll explain.
People like to associate with success. A successful person is a confident person. They don’t want to deal with a mediocre because when losses come they bear it together.
Now, when your business is facing hard times, people are watching critically to see if you are showing the needed confidence index and persistence to take on the task. If you are, they hang around, because they want to be proud affiliates or shareholders. But when you act with even the slightest show of indecision, fragility and inactivity, they secede, sell their shares, and close their affiliate accounts. Why? because they don’t find you competent and no one wants to be on the losing team.
More importantly, your investors discover that your individual confidence index in the negative, and the wise investors know that it will sooner or later reflect on your BCI, therefore, they quit.
Confidence qualifies you to compete.
When your associates find a strong bust of self confidence is in you, you automatically become the latest CEO of the most competent board of directors. You will tend to build audiences faster and progress will be made at a rapid rate.You don’t need to be a professional, in order to display confidence. All that is required is a strong sense of discipline, and a strong decision to stop worrying about the competition and focus on your goal.
Confidence is that force that gives you a say. You walk into that podium undaunted by what comes your way. You know why? Because you have pride in your sense of person, you are confident that you can tackle anything that comes your way, thus, you execute decisions with authority after you must have done your research. Take note that confident people don't take stand on decisions because they are right, but because they are not afraid of being wrong.
Believe can get you going but confidence makes you a professional. A high Confidence index will make your competitors to sweat under their pants because, you will build customer base more rapidly.
The world needs confident people in business, people with very high confidence index. Others listen to and look up to them.
However, building confidence might just be that one spice you are missing. Harness the quickening power of this virtue and find your business or career shooting up like the storms.
Ready to take control and build confidence?
1. Focus on your passion:When you start wanting to be everything in the world, to look more smarter and professional than you are, you will find your self with no focus and as a result no confidence in public. Focus on that very thing you know, don’t claim what you ain’t. just stick to being you and that will pay of handsomely. What this does is give you more time to research around your passion, and then get professional in that field. When you focus more, you realize more than you would have done without. You become an authority in the field and people listen when you speak.
2. Achieve little success everyday.
Past successes contributes to recent ones. When people comment and leave good review of your business and book. You feel successful and that leaves in you a certain confidence that you are now becoming an authority. So I found a way anyone can utilize that natural phenomena, turn it into a formula that can build confidence and make you the hero you were meant to be.
Set small goals everyday not something you doubt you may not keep to. Set something you can fathom. In business , try making shorter plans. Instead of taking on your financial plans all at once break it into different articles while you work on each one daily or weekly, as the case may be. When you work on that little stuff and achieve success you immediately begin to get some satisfaction, a sense of fulfillment for solving problems. This builds your confidence, and improves your competence – you ability to outshine your competitors.
3. Spend good portion of time to prepare.
Good preparation begets boldness, and boldness yields confidence. When you prepare for what you want to embark on, you get on top, you become an authority in that field and people look up to you. Preparation gets you ready for the opportunity. It makes you competent when the contract finally comes or when you finally start the business. When you are prepared, you will always have something to say, something to write, new ideas to offer, or the right decision to make. This keeps your audience, followers, associates and partners more engaged with you. They believe in you because you are competent. But when you spend the time doing irrelevancies and futilities, pursuing things that does not align with your plan, you end up being unprepared and unready. Then when the opportunity you’ve patiently waited for finally comes, the spectators find you shivering, the audience and associates discovers that you can’t make a decision, the followers and fans find out that you have nothing to offer and thus they let go of you and go for the others. Why? Because they see an incompetent fellow in you. They automatically see that you don’t even trust yourself, “how the hell do you want us to trust you” they keep asking. Start preparing today because luck is that point where preparation meets opportunity.4. Be sincere with your followers.
Being open-minded with your business partners and followers is a very essential factor, however, most people overlook it. When you are insincere or not clear about a particular fact, or maybe you try to maneuver, you may not observe the many eyes and ears that are watching and listening. Then sometimes when you are feeling confident one fellow stands up and makes a reference or drop a sincere bad review. Then you find yourself sweating in front of your audience. Be strict about what you believe, state it plainly, and let all you do in and out of business reflect it. This is to say, be yourself. It saves you a lot of stress and heck in the future.
Instead of being turgid about the competition, build confidence and become competent. Because confidence is creative.
Yasmine says, building self-confidence begins with the process of self-exploration. And I think the process of self-exploration, with what you stand to gain, is worth the time and effort.
5. You don't always have to be right.
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Do you discover you lack confidence? What are your past experiences and how did you manage to sail through? Share in the comments.
