Posted by Claire White ¦ Business Skills
I recently met with a new client looking to make the move into consultancy and wanting us to guide and support him.
Mr X had a great business plan, funding in place and was keen to get stuck in, but after chatting for a while I realised something was missing - he wasn't prepared personally - he didn't have the right mindset.
Despite outward appearances and years in a senior role, a little bit of digging revealed that Mr X was quite lacking in confidence and wasn't completely convinced his venture would work!
Obviously not everyone starts off in business with oodles of confidence. It can take some time to gain the right experience and work on any specific weaknesses, but the truth is - if you don't have confidence and belief in your business offering then why would anyone else?
It's important to remember that as an entrepreneur - YOU are your greatest ally.
Super successful entrepreneur and multi-millionaire, Peter Jones, gives the following advice:
- Believe you CAN achieve your goals
- Don't race forward with blind arrogance; be prepared by minimizing the risks involved to maximize confidence
- Listen to your instincts. They can protect you from making poor decisions.
In business, confidence helps you 'just get on with it' rather than spending too much time imagining what could go wrong or reflecting on rejection or set backs. Confidence helps you to stay focused - and focus is an essential tool in the entrepreneurs toolbox.
The Learning Experience
The most successful entrepreneurs have removed the fear of failure and replaced it with the courage to risk failing, Their belief is that there's no such thing as failure - only feedback. Whatever the outcome, there is always a great deal to be learned from the experience.
So the next time you find yourself worrying about failing, consider this - is it better to try, so that you will learn what doesn't work and can do it differently next time, or is it better not to try at all?
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