Building Entrepreneurial Confidence

Balance personal and professional well-being for entrepreneurial success. Set clear boundaries, achievable goals, and build confidence through consistent task completion. Avoid comparisons, maintain open communication, and focus on personal growth to fuel both business performance and individual fulfillment.

As an entrepreneur, your psychological well-being is integral to your ability to generate profit consistently without employing strategies to cope with our more negative natural human tendencies. You are unlikely to work at your maximum potential, and your team's culture will suffer. It's crucial to balance your personal and professional life to ensure overall well-being. This involves setting clear boundaries to ensure you have sufficient time for yourself outside of work.

‍

Being goal-oriented in both your personal and professional life can help you stay focused and achieve a sense of fulfillment. You can't have one without the other. Treating your personal life with the same level of detail and goal setting as your business can transform you into a fine tuned machine capable of excelling both in and outside the office.

‍

I remember when I was four years into the business, thinking about how well we track cash flow and forecasting or profits, and then wondered myself why I wasn't doing that for all of my own personal finances to the same degree at least. There was no good reason. I started to let my business increase my personal life habits.

‍

As an entrepreneur with a small team, you are your business and everything stems in some way from you. Don't let that make you think that there is no separation between personal time and business time. But don't kid yourself, that performance in both areas aren't related at all. I appreciate the balance and find it if it's not already there.

‍

Building and maintaining self-confidence is essential for entrepreneurial success in the professional realm. This means diligently working hard and fulfilling the commitments you make. If you find yourself consistently unable to fulfill your commitments, it's time to reassess your time management skills. Completing tasks that you know you can handle within a week, and then adding more is far more valuable than mis forecasting, overcommitting and under-delivering. 

‍

Value isn't created by ideas or statements or by just saying you're going to do something. It's fully realized after the work is actually completed. When I go home at night, enter into the weekend, or leave for a vacation, I'm ten times happier, if I worked hard on tasks and completed them before. Small instances of guilt, even unconscious, can easily aggregate themselves in your mind and travel home with you.

‍

Completing tasks is the best way that I maintain a happy mind when I'm home, especially when I've completed the hardest, most important jobs. First, in your personal life, focusing on improving your body, mind, and relationships in ways that support your individuality outside of the business is key. Writing down your personal goals and tracking your progress, just as you would do in your business, should be done in parallel.

‍

This mindset ensures that you are continuously working towards enhancing your self-worth both in your personal and professional life. Set yourself up for success. A performance-based confidence helps you make tough decisions with less anxiety. React less to things that don't matter. Think less and execute more. Appreciate the differences of your team members and keep a positive perspective on the interplay between your personal and professional health.

‍

Maintaining a healthy psyche also involves steering clear of the comparison trap. Comparing yourself to others is only positive when it inspires you to incorporate their positive attributes into your own behavior. Avoid using other's negatives to boost your own value, as this can lead to a negative self-perception and does not contribute positively to your business. Instead, focus on your own strengths and achievements and use them as a foundation for your self-worth.

‍

Additionally, maintaining open communication in your relationships, both personal and professional, is vital. Expressing negative thoughts to someone you trust can free up your own mental space and prevent those thoughts from consuming your focus. Remember, your brain is like a computer and more negative thoughts that you put through it mean the less capacity your brain has for productive thinking.

‍

By decreasing negative thoughts and comparison traps, you create room to evaluate the thoughts that might actually be worth considering or discussing. Also, remember that your brain is not a computer, it's an organ that's evolved to quickly process information relevant to avoiding danger in the short term. This simple fact fuels the unsupported, quickly concrete assumptions that we all make constantly about those around us.

‍

We're often blatantly wrong. Why spend time thinking about others? If the probability of your assumptions being correct is so low? It's much easier in the end to focus on doing great work by your own hands.