What is Confidence?

Confidence is a fundamental trait in the world of business. You may think all the great CEOs and entrepreneurs of the last few decades have never lost their confidence, but you’d be wrong. New CEOs usually have impostor syndrome and struggle with the idea that they’re good enough for their role. Self-made billionaires worry that their fortune will take an embarrassing hit. Even private equity investors look at the looming recession and grow concerned.

We often find leaders are less confident when they obsess about things out of their control rather than take action in areas where they have some control. The Wall Street Journal recently reported that most CEOs are externally most worried about a recession, global trade and politics. Internally, they’re much more concerned about retaining top talent, avoiding disruptive technologies and developing the next generation of leaders. While it’s good to be aware of the external issues, it’s much more important to master the internal problems within your control.

In order to fully boost your confidence, you must have a high level of confidence in your team. If you are already confident in your team, keep doing what you’re doing to hire and develop top talent. If you aren’t confident in them, then you should work on hiring the right people. If you’ve found yourself in this position and are simply not confident enough in your team, you can do a few things to remedy the situation.

Your first option is to invest your own time into hiring, training and developing your team yourself. You need to set ample time aside to truly master the necessary skills to see the best results. Additionally, you can hire a company like ghSMART to do it for you. We can devise options for an immediate fx that will help adjust your confidence while building your team’s skills.

Confidence is not necessarily an inherent trait we get from our genes. We can build and grow our confidence skills by managing the things within our control. There will always be uncontrollable outside pressures, and there’s simply nothing we can do about it. Instead, focus on hiring and maintaining top talent, developing your company’s digital capabilities and training the next generation of leaders. You’ll see positive results before you know it.