Why Building Lasting Self Confidence Is Critical For Business

Written By Michael Carrington 

Updated on December 13, 2023

Written By Michael Carrington 

Updated on December 13, 2023

One of the most important traits you can have is self confidence.

You can't be born with confidence in yourself. Instead, it's something that you learn by doing. You have to practice something before you can get good at it.

Stop letting a lack of confidence stop you from being successful. It's time to build your confidence.

Are you ready to learn 5 ways to feel better about yourself and take your business to new heights?

Do you want to know how I became an Internet millionaire in just a few years? CLICK HERE to get instant access to my FREE Digital Pioneer business course!

A Lack of Self Confidence Can derail Your Business Plans

People who don't believe in themselves are one of the biggest problems I've seen businesses have over the years. This could happen with their skills, their thoughts, or their overall view of themselves. This is the main reason I think so many people give up on their dreams.

Running your own business is possible even if you don't know how to do it. Seeing other people go through this pain makes me so angry. But I understand how they feel. When I was younger, I didn't believe in myself at all. As a child, I was very shy and kept to myself.

I couldn't even talk to people, let alone plan how to start a business someday. And yet, I was dying to do big things with my life. It was clear to me that the only way I could be successful was to work on building my confidence.

Have you ever thought about why some people are more sure of themselves than others? A lot of people make the mistake of thinking that they either have or don't have self-confidence. This is not true at all.

Confidence is Something You Develop

Thinking about how you see yourself and your skills impacts everything you do when you're building a business. If you feel like you don't deserve success, even if you are a very smart businessperson, it can stop you in your tracks. This will only lead to bad things. You can't do much if you don't believe in yourself.

Building a business can be very bumpy. Anyone who has done it knows this. When things are going well, it's easy to be sure of yourself. You can't always be on top in business, though. There will be times when you have to fight your fears.

In the same way, you might wonder if you have what it takes to keep going. We all have times when we question ourselves. If, on the other hand, you let your fears control every choice you make, they will stand in the way of your success. This way of thinking makes it easier to have low self-confidence.

Let's talk about five ways to feel better about your own self-worth.

1. Monitor Your Self-Talk

When you talk to yourself, do you listen like you would a loved one? If not, it's time to start setting your mind up to succeed. How you talk to yourself can have a big effect on how much you value yourself. It can hurt your job, your health, and your relationships. Talking badly about yourself makes you feel bad about your own self-worth.

The good news is that you can change your inner dialogue by deciding to think positive, empowering thoughts. People who are good at business know that having a good mood helps a lot.

I really like the book Awaken the Giant Within: How to Take Immediate Control of Your Mental, Emotional, Physical, and Financial Destiny! It's all about building confidence. Tony Robbins' book shows you how to gain the courage to make changes in your life and take charge of every part of it.

Positive self-talk not only helps you handle the ups and downs of your business better, but it also helps you control your feelings. Instead of being your own worst judge, try to be your own best cheerleader. Couldn't you believe in yourself first? Then how can someone else?

2. Stop Waiting to Feel Confident

You need to stop waiting to be sure of yourself and start acting like you are already sure of yourself. There will always be tricks in your mind. It will try to tell you all the things that make you doubt yourself. Do not believe these lies. You'll stay in one place if you think this way. We can all agree that having doubts about yourself is not fun.

Mel Robbins writes in her book The 5-Second Rule: Transform your Life, Work, and Confidence with Everyday Courage, "If you feel compelled to act on a goal, you must move within 5 seconds, or your brain will kill the idea." When you begin to doubt yourself, your brain joins the battle and starts to work against you.

This idea really interested me when I first read this book. I chose to use what I had learned in my own life. I read everything there was to read about building self-confidence when I was in my early 20s. Let's just say I was determined to become the best person I could be. I learned in the end that knowing something is pointless if you don't use it.

Because I was sick of waiting for confidence to come knocking on my door, I chose to act instead of hesitating. The trust muscle in my body started to grow the moment I realized I could do something, even though I was so scared I couldn't believe it.

I didn't wait for my fear to go away; instead, I learned to get along with it by leaving my comfort zone. You can do anything you think you can't.

When I was younger, I had terrible social anxiety. Now I'm a famous public speaker who talks to hundreds or even thousands of people every year. Why are you scared? What would you do?

3. Get Clear On Your Purpose

You will always have trouble being successful if you don't know what your goal is. Knowing why you want to do something is what drives you to do it. People won't do things they know they should if they don't know why they should. This is where self-doubt comes in.

In its early steps, being an entrepreneur can feel like a hard journey. Everything will be hard if you are only building your business to make money. Reid Hoffman, the founder of LinkedIn, said, "The entrepreneurial journey starts with jumping off a cliff and putting together an airplane on the way down." This is one of my favorite quotes about self-confidence.

That's why you need a reason to live. Once you know exactly why you want to start a business, you will have a clear picture of how to get there. Everything starts to fit together when you match your personality with the work you do. How can you expect to get somewhere if you don't know where you're going?

You will believe in yourself and your work when your business goals are connected to your life's meaning. Margie Warrell said, "Only when you know your 'why' will you find the courage to take the risks needed to get ahead, stay motivated when things get tough, and make your life go in a whole new, more challenging, and more rewarding direction."

4. Get Over Your Fear of Failure

You can't hide from fear in business. A common misunderstanding is that all businesses that are successful have no fears. Not right. They worry that they will fail, just like everyone else. They choose to act anyway, though.

If you want to be successful in life, you have to first fail. You can try new things and learn from your mistakes. An MRI study from the University of Southern California found that failure can be a good thing if the brain has a chance to learn from it.

Not taking any risks is not how you get ahead in business. In my business, I've failed a million times, and I promise I will fail even more. But loss doesn't bother me because I see it as a chance to look at where I am now. I can make better business choices when I do this.

You can get over your fear of failing by being more afraid of what will happen if you don't do anything and settle for a life that is far less than what you deserve. If you don't take a chance, what will you lose? That should be what drives you.

5. Practice Being Confident

With confidence, you can do anything. You become stronger at it as you do it more. "Low self confidence isn't a life sentence," said Barrie Davenport. It's possible to learn, practice, and get good at self confidence, just like any other skill. "Everything will be better in your life once you master it." 

Do not save your confidence for when you really need it. Instead, be confident all the time. It's possible that you need to "fake it until you feel it." You need to do everything you can to be the best version of yourself every day. This will make other people want to act the same way.

Building good habits into your daily life will help your self esteem in the way you want it to. To get in touch with your inner voice, say happy affirmations, start meditating, or start writing in a journal. It all comes down to loving yourself. For sure, if you stick to these habits, you will soon feel unwavering in your confidence.


Final Thoughts

Confidence is what will make your business successful in the end, so you should work on getting better at it. This doesn't mean you won't have bad days where you question yourself. Sometimes in their lives, a lot of people feel like they can't do something.

I promise that if you work on your self confidence every day, you will be better able to figure out what sets you off and stop it in its tracks.

Being at your best is possible when you have a good amount of confidence. This will help your business grow. You're wonderful. Remember it always. Are you prepared to show off your self confidence?

Do you want to know how I became an Internet millionaire in just a few years? CLICK HERE to get instant access to my FREE Digital Pioneer business course!

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Michael Carrington


I am an entrepreneur, international consultant, and founder of successful business brands in the U.S. and Australia. With over 13 years of multinational business experience, I focuses my time on helping others achieve wealth and financial abundance by leveraging the power of digital entrepreneurship.

I am passionate about entrepreneurship, mentoring, and showing others how to earn a lucrative income with online and offline brand verticals.

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