There are millions of entrepreneurs taking up a startup business every year and if added outrageously, the number is only going to increase in the time to come. While you may agree that one often has to sit through plenty of pitches, some of which are extremely horrible, we believe confidence is still the biggest asset of an entrepreneur. It can’t be denied that the most confident entrepreneurs, more often than not, walk away with the successful deals and a great funding.
We don’t intend to say that when it comes to entrepreneurship, “only confidence” can make all the difference but we rather wish to indicate that actually “only confidence” is capable of making a huge difference in most of your deals. This, however, may not always mean that the business skills of the confident entrepreneurs should be enough to make them superior but the good thing is that they definitely know the art of selling their vision. If you have been a part of any start-up project, you would actually agree to that!
With the right confidence, a clear vision and a proper approach, businesses can go on to making a difference with the entrepreneurs successfully selling their “idea” that further points to a trustworthy investment. So, if you think you would want to be an entrepreneur who is confident enough to let the room read it, here are a few additions that you must make in your personality, vision, work style and approach.
This may sound a genuine one but actual commitment comes from the ‘never die’ attitude and unfortunately that’s still rare. Have commitment to work no matter what comes in the way. Obstacles will be plenty but fighting them up is the least a startup business can target. Lack of money or any other obstacle should not let you stop.
It’s good to have an opinion of your own but it needs to be genuine; efforts in trying to reach something that’s unrealistic go in vain. Be genuine in your approach and that would also change the way you have been dealing with investors, money and strategies for implementation.
With this, we also mean that you need to recognize your potentials and your reach. Know what you lack and there is nothing wrong in getting inspired from those who are successful in the same industry. If you know you’re not good at something, it’s time to brush up your skills as it can ultimately reward you with a lot of confidence in the long run.
Self-assessment is the best teacher. If you’re very well aware of your weak spots, don’t hesitate in hiring someone to do the job for you. We don’t mean to say that you should avoid working on them but just give yourself some time. You can also learn from the activities of the expert who you have hired for the job.
Learn from Experiences
The best lessons an entrepreneur can get are from his/her experiences so don’t ignore them. Learn from them and analyse the ideas that resonate with your business and customers well. Operational responsibility can also help you in sorting out the two different set of strategies – one that works and one that may not. Learning from your experiences will give you the confidence of handling similar issues by implementing well-proven strategies.
Poor planning will never give you the confidence of being a good spokesperson of your achievements. If you have planned things well and few of them have failed to work, with confidence you can still gather the courage to indicate your future course of action. Hence, it’s important to track the pace of your development from time to time and make plans at different steps.
Include the people you work for you, take suggestions, work on feedback and prepare set-up that follows hierarchy. You need to give utmost attention to every stage of the product development because a minor lapse can snowball into a major disaster. The confidence you have in your workers and the determination with which they expect you to manage things speaks volumes about work environment. The confidence will ultimately show up!
Lastly, every entrepreneur must keep in mind that the goals must go before the roles. This means set your eyes on the goals first and then assign the roles accordingly. A good planning will give you the confidence to stand before your competitors. Stick to the ‘come what may’ attitude and you will not only achieve pinnacle of success in your start-up business but you can also set an example for all those entrepreneurs who think, being confident costs too much!