Self Confidence and Self Efficacy: Why it’s so important for your business success
Belief in yourself is incredibly important in the hyper-competitive business environment that exists today. Business growth and success is never linear and self-confidence is essential to help support the grit and resiliency necessary to overcome challenges and obstacles. Self-efficacy, the belief in our ability to accomplish specific tasks is equally as important. Today, more than ever, we are equipped with tools to help enhance our self-efficacy and improve our odds of success. In our blog we’ll discuss why it’s so important to have self-confidence and self-efficacy to achieve business success. Believe in yourself and prepare! We put together a FREE guide identifying the Top 6 reasons businesses fail and give you actionable steps you can take on every one of these to make sure it’s your competition failing and not you! It’s our free gift to you. Access it here! So how are self-confidence and self-efficacy different? 1. General vs Acute Self-confidence is general in scope and self-efficacy is specific. I can be self-confident and have overall belief in my abilities and yet still lack self-efficacy when it comes to…managing other people, for example. Self-efficacy is specific to a goal or a task, self-confident is much broader in it’s scope. 2. Intrinsic vs Extrinsic Both self-confidence and self-efficacy could be considered intrinsic, as in, they are derived from internal sources such as previous success. In fact, self-confidence is often attributed to previous person success. Self-efficacy on the other hand can and often stems from external or extrinsic sources such as persuasion, other’s successes and our current mental states and mindsets whether or not they are influenced by the environment around us. For example, the backup quarterback that steps into a game in the 4th quarter and wins a game may be doing so due to the environment and support of his team around him IE: self-efficacy. 3. Behavior Setting We don’t necessarily set high goals or work harder due to self-confidence, but we likely will be due to self-efficacy. With great self-confidence we’re more likely to be brave and try something new. With self-efficacy we’re much more likely to set higher goals, work harder and be quicker to overcome adversity. So why are they both important to business success today? Find me a successful business lacking failure…and then find me a successful business that doesn’t have the resiliency and grit to overcome challenges, obstacles, and adversity. You need both to survive in today’s business world. It’s not enough to simply be just self-confident or have strong self-efficacy. We need to have a healthy balance of each to ensure the greatest odds of success! Also read: How to find and grow your confidence Tips To Build C onfidence Quickly How do you display self-efficacy? Let us know at info@jbandthedoctor.com Did you know we work with professionals and leaders with 2 on 1 coaching that marries the expertise of a Doctor of Psychology and mindset coach with the business savvy of a former Fortune 50 sales executive. We specialize in helping entrepreneurs and professionals like you master your soft skills to evolve you to your greatest potential. To learn more about our coaching you can contact us here! Feel like you need coaching but not sure you can afford the investment in yourself? That’s ok! We have a scholarship available to diverse candidates of need. You can apply for our scholarship for our coaching and our courses here. Not enough time in the day, we get it. Check out our AYOP course, 2x Your Time, right here. We walk through everything from time management and calendar basics to how you can supercharge your days weeks and months through practices and techniques that are grounded in experience and proven by science.
What it means to be courageous in business
When you hear courage, you probably don’t immediately think about business. You may think of police officers and heroism, or service members overseas, firefighters from 9/11 but you aren’t too likely to think of business leaders. Yet everyday professionals and business leaders exhibit courage in business. What it means to be courageous in business is to develop and display the skill sets of risk/reward decision making, to admit you are without all the answers and to stand up for what is right. 6 Methods To Make Sure Your Business Doesn’t Fail Stay strong! Did you know that 70% of businesses will fail? We put together a FREE guide identifying the Top 6 reasons businesses fail and give you actionable steps you can take on every one of these to make sure it’s your competition failing and not you! It’s our free gift to you and you can access it right here. Courage Through Decision Making Taking calculated risks in business means to identify and take action on potential failures. It also means to weigh the risk of that failure with the reward of success. Great business leaders display strong risk adjusted decision making and continue to push the boundaries of what their business and they are capable of. This is a skill best developed through experience, mentorship and wisdom. The Courage to Not Know As business grows more complex our ability to be an expert in all aspects hits a wall. Our willingness to openly admit our own limits of knowledge is an essential skill for professionals and business owners today. Better to admit lack of knowledge and ignorance than pretend to know what we do not. The Courage of Standing up for What Is Right It’s easy as professionals and business owners to sacrifice integrity and ethics in the pursuit of business. After all, plenty of people and businesses are willing to look the other way or blatantly break the rules if they think they can get away with it. Standing up for what is right takes courage. It takes a willingness to accept losses that otherwise might not be taken. It also leads to a culture of excellence that will be unmatched by any other company or professional that is willing to compromise their ethics and integrity. Is courage in business important to you? Let us know in our private Facebook community, the EML! You can join here! Join our community We can work with you individually and in a group setting with our unique 2 on 1 coaching that marries the expertise of a Doctor of Psychology and mindset coach with the business savvy of a former Fortune 50 sales executive. We specialize in helping entrepreneurs and professionals like you master your time, sales, and confidence, to evolve you to your greatest potential. To learn more about our coaching you can contact us here! Feel like you need coaching but not sure you can afford the investment in yourself? That’s ok! We have a scholarship available to diverse candidates of need. You can apply for our scholarship for our coaching and our courses here. Not enough time in the day, we get it. Check out our AYOP course, 2x Your Time, right here. We walk through everything from time management and calendar basics to how you can supercharge your days weeks and months through practices and techniques that are grounded in experience and proven by science.
Affirmations or Ask-firmations how to make affirmations better
Popularized back in the ‘60s affirmations are something TONS of coaches, influencers and even psychologists will recommend their clients practice regularly. There’s science to back up the effectiveness of affirmations, too! After 60 years it’s worth asking, can we make affirmations better and the answer is, yes! Instead of a practice of affirmations, a practice of ask-firmations can make this practice even more effective. Before you read on we thought you might be interested in downloading our free guide: 70% of Entrepreneurs Fail – The 6 methods to make sure it’s your competition and not you! In this guide we walk through the most common ways professionals fail and most importantly provide you with immediate action items you can implement to make sure you’re ahead of your competition and successful! You can download the free PDF here. Affirmations are positive phrases or statements used to offset and challenge negative thoughts or beliefs. For those of us caught up in negative self-talk or looking to raise our self-esteem or create a more positive narrative of ourselves affirmations can be incredibly helpful. Research done in the 1980s as well as the last couple of decades shows the positive benefits of affirmations. They help to drive our self-identity and regular, consistent use of affirmations can shift how we think of ourselves. Talk about a powerful tool. After 60 years of popularity, it is worth exploring if simple affirmations can evolve and if we can level up the results we get from this practice. I first heard of ask-firmations from Coach Machen Macdonald, who joined us on our podcast. If you would like to hear him talk about ask-firmations you can head over to our podcasts here. Ask-firmations are another way of saying an affirmation. A traditional affirmation likely will have a clear formula of: Visualized and present tense, declarative sentences. For example: Today I am experiencing tremendous gratitude and am drawing my ideal clients to me. An ask-firmation on the other hand will rephrase this into a question formula: visualized and present tense, interrogative sentences. For example: How can I experience tremendous gratitude today and draw my ideal clients to me? Coach Machen isn’t the only one talking about ask-firmations, however. In one of my favorite sales books out there – To Sell Is Human, by Daniel H. Pink, Pink mentions the strength of ask-firmations. Both Coach Machen and Pink establish clear and logical rationale for an ask-firmation instead of an affirmation. Ultimately, affirmations are build me up declarations and ask-firmations are questions. The difference in how our brain reacts to being told vs being asked is immense. In sales, telling isn’t necessarily bad, but it’s not all that effective. The best sales tools use good questions. This is because people respond MUCH BETTER to questions than they do to being told. What’s true about other people is also true about us. Asking ourselves a question about how we are going to make our traditional affirmation happen, does something to our brains. It makes us problem solve! By asking ourselves a question we are much more likely to try to reason out ways we can achieve our affirmation. If our affirmation is to experience gratitude and draw clients to us, we will start thinking about HOW we can experience gratitude and in what ways can we help our clients find us. The difference can be startling, and we encourage you to try this methodology out. Run an experiment and see if it’s a change that benefits you. For more direct help with changing your behavior and your mindset you can always contact us directly for our 2 on 1 coaching. This is a truly unique coaching paradigm marrying behavioral modification expertise with blue-blood sales and presentation expertise. You can contact us here! If coaching is on your bucket list but you’re concerned it’s not something you can afford, that’s ok! We offer scholarships to deserving individuals. You can request us to review you for a scholarship right here! Not a member of the Entrepreneur Mastery Lab yet? For direct access to JB, The Doc and a ton of other professionals you can connect with us personally in the EML, our FREE, private Facebook community.
How to find and grow your confidence
Business professionals today struggle with any number of challenges. Time and again we hear from professionals struggling with their mindset and getting the trash out of their own heads. Confidence plays an absolutely central role to our mindset and if you are struggling with challenges related to your head-space then learning how to find and grow your confidence is a great process to work through! Developing confidence leads to all sorts of benefits beyond addressing the specific challenge you are facing. It can help improve our health, our relationships, our happiness, sense of self-worth and performance. It can reduce our anxiety, fear, FOMO and the impact of rejection. Self-confidence is the spark that starts the engine, without confidence there is no action. Our favorite way to think of confidence is the line in the sand between where we are and risk. We are all aware that we need to take action and action and change lead us to risk…and reward! What stops us from taking action? Confidence. Confidence is either the fence that prevents us from taking action or it’s the gate that opens and allows us to cross to a new universe of opportunities. This is why confidence is so important to us! Finding our confidence sounds simple and easy. Like most things in life, just because it’s simple doesn’t mean it’s easy for us to do. Commonly, we get in our own way with our confidence. Whether you’re brand new to something and trying to fake it until you make it or you’re a vet that got splashed with a hefty dose of imposter syndrome, confidence is not a constant. In fact, our confidence can and will change in an instant. Think of it almost like a light switch in a room. In an instant, the switch can flip and we can go from bright to pitch black. This is what makes it so important to be able to find our confidence. If we think of confidence like a light switch in a room, then we can also consider that even when the light switches off, our confidence is still there. In fact, if we’re comfortable in that room, we have a pretty good sense of where that confidence is. We can use our instinct and our concrete knowledge to map out the room…ok here’s the desk, I know the chair is over here, the other door is over there, oh, here’s our buffet…ok, got it, this is where my confidence sits! How do we find our confidence? We go back to our fundamentals, our most concrete knowledge. Drawing ourselves back to square one and retracing our steps does an amazing thing. It creates perspective on our progress. It allows us to remember a starting point and connect the dots between that starting point and where we are today. When we begin to connect the dots and visualize our progress we remember our confidence. That room that was pitch black with the lights off, now has a dimmer switch. The more dots we connect, the brighter the light gets in the room and the easier it is to grab a hold of our confidence. You may already have some illumination (pun intended) on growing your confidence. Progress develops confidence. Knowledge, mastery and experience grows our confidence. Feeling confident right now? Hit reset in your mind and treat today as if you’re at the start line all over again. What progress can you start making right now to grow and develop even greater confidence? Put an action plan in place to continue pushing your progress and watch your confidence flourish. Interested in hearing what great confidence sounds like? You can listen in to our most recent podcast with Tyler Foley, here, as the inspiration for our conversation about confidence. If you’re trying to find or grow your confidence, we can help. We offer one , two hecks of a value proposition with our 2-1 coaching. We bring business and behavioral expertise to help you evolve to your greatest potential. You can learn more about our coaching here! Trying to get the benefits from coaching but can’t stroke the check? That’s ok, let’s put our ego’s aside. We offer scholarships to deserving candidates and you may be one! You can apply for a scholarship for our services right here. If you just want to get a better feel for us, we get that too! Join us in our private Facebook community, The Entrepreneur Mastery Lab and meet like minded professionals and engage with us directly. You can request access to this free community, right here!