How to Build Confidence as a New Entrepreneur

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As an entrepreneur, confidence is everything. Confident leaders are better able to persuade investors, clients, and partners. They’re generally regarded as more authoritative and trustworthy by their employees, making them more effective as team leaders and managers.

Fortunately, for new entrepreneurs, a combination of confidence-building exercises and ongoing experience can help you learn how to build the confidence you need. Try using these confidence builders to feel more comfortable in your role, and sure of yourself in your work, meetings, and other opportunities:

01:04 Fake it ‘til you make it
Our brain functions are complex and interesting. We believe that everything we do is rooted in thought, beginning as an idea or emotion, and getting translated as action. But the reverse can also be true.

02:26 Admit your failures and let go of small mistakes
Nothing wrecks a new entrepreneur’s confidence faster than a mistake, failure, or other missteps in your business. The faster you come to terms with the fact that some mistakes are inevitable, the faster you can move on. Reflect on and appreciate your past accomplishments!
If you find yourself ruminating on your past failures or mistakes, try to shift the narrative. Spend more time thinking about the things you’ve done well in the past, whether they were in your current role as entrepreneur and team leader or in a previous career.

02:57 Celebrate your wins
Whenever you have a success, even a minor one, spend some time acknowledging it and rewarding yourself for it. This is doubly effective if you’re celebrating wins with your team.

03:49 Seek ongoing education
No matter how much knowledge and experience you acquire, you can always stand to have more. Attend seminars and workshops to be a better business leader and/or entrepreneur, and attend classes to sharpen the skills relevant to your specific industry.

04:43 Create (and master) your elevator pitch
Every entrepreneur needs to have an elevator pitch. Essentially, this is a concise pitch that describes your business model to someone who’s never heard of it before.

05:27 Find a supportive mentor
A good mentor will help you perfect your business model, connect you with resources to help you flesh out your business, and give you advice and direction when you’re stuck on a problem.
Over time, you’ll get a keener sense for business by working with a mentor, and you’ll start to develop your own perspective and voice.

06:32 Make time for fun
If you work too hard, you’ll sharply decrease your productivity, and could eventually burn out. Spending time with the people you love, participating in a creative or competitive hobby, and just relaxing can all make you feel better about yourself.

07:07 Get out of your comfort zone
Try working somewhere new, talking to new people, or experimenting with strategies you might not otherwise consider.

07:17 Seek feedback
You shouldn’t base your opinion of yourself on the perspectives of others, but it can be helpful to seek feedback on a regular basis. Knowing your weaknesses is a strangely powerful confidence builder; it makes you feel in control of your own faults.

07:42 Get used to rejection
It’s hard for anyone to simply “get used” to rejection, but the more you face it, the more resilient you’ll become. When people politely reject you and there are no long-term consequences, you’ll gradually learn how minor and inconsequential most rejections truly are.

08:03 Use current tech and professional tools
It’s hard to feel confident in your work as an entrepreneur if your software is 10 years old, or if your computer can’t keep up with the rate of your brainstorming mind.

It’s also important to remember that nobody can build perfect confidence overnight. It’s likely going to take weeks, months, or even years to feel like you’re a capable and valuable entrepreneur.

Stay consistent in your efforts, learn from your missteps, and remain as patient as possible.
With enough confidence builders and enough time, even the most hesitant or uncertain entrepreneurs can learn to be more confident in themselves, and apply that confidence to the work that matters most.

The Journey is what everyday entrepreneurs, like you, need to follow in the pursuit of online success. Our experienced GoDaddy Guides are here to take you through all the steps, both big and small, that you encounter every day.
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