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Relationship between stakeholders and a business
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A very obvious and crucial yet overlooked attribute of the leaders and movers and shakers of the entrepreneurial world is unbreakable confidence. Thefreedictionary.com's definition of confidence is: A belief or conviction that an outcome will be favorable. Even in the face of uncertainty, a confident businessman or woman believes that the chips will still fall in their favor.
Success is the mother of self-confidence. Confidence is built from consistent strides forward. Each and every positive outcome becomes a testament to your capabilities. A loss, on the other hand, can take the wind out of your sails. Road block after road block can drain the confidence out of people. It happens. We're all human here. But what separates you from your peers
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Some even feed on the current state of being a business owner. Knowing that they are taking the road less traveled, and escaping the rat race charges them up. Another creator of confidence that most businessmen and women are aware of is planning and awareness of the situation that confidence is necessary for. For example: Which situation would you be more confident in succeeding in?
You greet and sit down with 2 investors and you are discussing your business operations, earnings and future projections
Or
You greet both investors individually and hand out booklets containing the figures, operations and projections that you plan to discuss. During your presentation, you identify the mission and past ventures of the investors' company and explain how your business fits into their current portfolio.
If you take time to determine what your potential investors are looking for, then you'll know what they are more likely to respond to.
The more planning you do and the more information you accrue, the more confident you will feel taking on a particular task. If you know what it takes to direct the chances an outcome in your favor, wouldn't you feel more sure about success?
Highly
In the moment neither of these feelings are amazing but in “Competition Makes a Comeback”, Caitlin Snaring shares that this was actually results in an outcome that is well worth it: “‘Losing made me want to win even more… got me fired up’ to win the 2007 contest.” (Kronholz 18). Because Caitlin felt upset after being eliminated at a 2006 geography bee, she realized that she didn’t want to feel like this again, and the only way for that to happen is to push even harder to reach goals. Without failure against others people assume they are the best or they are just a natural winner so they don’t need to try. This mindset automatically sets society up for failure, because with everyone just sitting back waiting for a trophy to be handed to them for anything and everything nothing would get done, and there is no way for everyone in a society to all win one way. Just imagine a computer engineer thinking they can release a computer that is only a small percent finished just because people loved their last
On top of that, I learned a valuable lesson from the failure and the loss as well. From that day forth, the past experiences transformed me to be a hard-working and responsible person. Furthermore, I acknowledged that when something bad happens, it can prepare us for the future obstacles, so let always be optimistic and never give up on trying.
For those of us who dream of starting and running a business, we know that we have to have a level of confidence in our own abilities. We dont want to believe that there are things we cant do. We want to believe that if we try hard enough, work long enough, and get a little lucky, that the sky is the limit. The problem is that we let our confidence cloud our judgements of what we truly know about ourselves” (Cuban).
Confident is also a valuable virtue for a good leader, which enables one to inspire confidence to ot...
This study discovered, there are significant relationship between cognitive factor and self-confidence of national athletes during mass media interviews. According to Bandura (1977) cognitive factor is divided perception and knowledge. Both elements can trigger an individual’s self-confidence. Perception happens through a person feelings, attitude, and belief. Perception could overcome a person’s self-confidence (Bandura, 1986). As Crookes (1991) had stated, communication difficulties could be due to perception. It was discovered that a person with high self-confidence is motivated when he gets the opportunity to response to interaction including both positive and negative. Knowledge, as Rosyam Nor had reflected, was an important tool to enable
Success and failure seem to be pretty distinct opposites, but many times the differences between success and failure aren’t as obvious as we may think them to be. Sometimes a failure can be turned into a success if you are willing to look back at them, and are open to learning from them. Many times, one’s attitude toward a failure can determine whether or not anything is learned from it. Those who remain upbeat and positive after a failure may be able to get something out of it, but those who just don’t think about it and ignore it won’t get anything from it.
...tion correctly. They must be psychologically mature to be able to make decisions that may involve stress. Leaders must also have enthusiasm to capture attention of their followers. In the workplace, when managers have energy and are active, it makes employees more enthusiastic as well. Leaders must also possess self-assurance and some would assume that confidence the most important key. Dao (2008) states that, “Self-confidence is the fundamental basis from which leadership grows. Trying to teach leadership without first building confidence is like building a house on a foundation of sand. It may have a nice coat of paint, but it is ultimately shaky at best.” A good leader must have that self-assurance to make decisions and lead others without being afraid. Confidence not only allows a leader to make tough decisions but to also lead a group of people with authority.
Trusting in one’s personal judgment, ability, power, also differentiates leaders from followers. McWilliams and Williams (2010, p. 233) states that self-confident leaders are “more decisive and assertive and are more likely to again other’s confidence in decision”. This is crucial for effective decision implementation. Furthermore, self-confident leaders will not hinder or ceases when mistake occurs. Even when the decision turns out to be a poor one, they view them as learning opportunity, often building trust in the process. Consequently, then enhancing one’s self-confidence should improve an individual’s leadership and job performance.
Timed Writing 1 Revisions Throughout history the most successful leaders were the leaders that had confidence in who they were and what they stood for. William Lyon Phelps states that it is important to have a sense of absolute certainty. I agree with Phelps that developing a strong sense of certainty is important for a person’s confidence and character. People look for leaders that give them a sense of confidence and by having the mindset of absolute certainty, it gives the leader confidence.
Everyone in life experiences failure. It can affect people positively or negatively and that all depends on how they react to the experience. If one lets their failure overcome their dreams, it will lead them in the wrong path. But if one views their failures as a motive to succeed and grow, then they are on their way to becoming successful. For me, I let my failures in life help build onto my character and define the person I am today. My childhood injury is my example as I let this moment affect the outcome of my dreams I had then.
Failure can cause a torrent of mixed emotions and thoughts. One can begin to doubt their motives for even attempting to succeed at a certain task. Some people may choose to give up after failure, but there are a select few who rise up to the occasion and move forward to try and succeed no matter how many tries it takes. By overcoming those difficult moments in life, it gives a person a sense of accomplishment and pride and that alone is a beautiful thing.
Fearlessness is one more of the identifiable qualities of what is an entrepreneur. This is regularly important in light of the fact that business people usually endeavor to succeed with new thoughts.
Most of life's situations are learning experiences. People can learn what activities are right or wrong for them by experiences these emotions in different situations. These learning experiences can take place at home, school, the workplace, or anywhere else. The three major experiences that have given me confidence in my ability to learn have all taken place at Penn State University.
an entrepreneur will never be uncertain of whether or not they will succeed. They are confident with the knowledge that they will make their businesses succeed (10 Qualities of successful entrepreneurs, 2010). They exude that confidence in everything they do.
Entrepreneur's should have a strong drive to successes and overcome obstacles. Confidence and strong will are must. An entrepreneur should be sharp and always think of ways to run their business flexibly .Another important quality of a successful entrepreneur is being adaptable to