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The Big Shift: The Business of Making a Difference

[LIVE] Is Confidence Really a Predictor of Success? (Surprising Findings) | Ep. 89

The Big Shift: The Business of Making a Difference

Bill Baren

Entrepreneurship, Business, Careers

4.91.5K Ratings

🗓️ 25 November 2015

⏱️ 17 minutes

🧾️ Download transcript

Summary

A lot of people think confidence is a great predictor of success as an entrepreneur. But confidence can also foreshadow spectacular failure. So when is confidence called for in business, and when is it a really bad idea?

We’re surrounded by images of cocky entrepreneurs boasting about all they’ve accomplished.

But the truth is, the greatest entrepreneurs know that sometimes confidence can be the biggest hindrance to lasting success.

Tune in to find out how allowing your confidence to come and go (at just the right times) paves the way for your success to remain constant.

 

Sign up to be one of the first to receive a free copy of my new book - High End Package Manifesto: The Antidote To Under Charging & Under Earning. Get your copy here → http://bit.ly/1XxwC0K

Transcript

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0:00.0

You've heard a million times that success starts with you believing in yourself.

0:08.0

But what you don't hear very often is that confidence actually should come and go.

0:22.9

So here's how to get your timing just right.

0:25.9

From Big Shift Studios in Oakland, California.

0:30.0

This is the Big Shift Podcast with Bill Barron.

0:34.0

Getting Real about Business Growth and Success Mind sets

0:38.0

For those making a difference.

0:40.0

Now, introducing your host Bill Barron who owns more hats than Richard Branson's

0:46.2

had businesses. This episode of the Big Shift podcast was recorded in front of a live studio audience.

0:54.0

One of the things that I've been doing for a long time is,

0:59.0

and I'm a huge fan of this, is studying people's patterns of success. So what does it take in behaviors,

1:07.0

in thinking and mindset that, and how those patterns and mindsets and thinking, how that affects somebody's ability to create success or not.

1:18.0

And so one of the things that I've been really looking into is confidence as a predictor of success.

1:29.4

And there have been some findings that have really, really surprised me. There have been some findings that have really surprised me. There have been some findings

1:33.8

that didn't surprise me and I want to talk to you about both of them. So first, the findings

1:38.6

that did not surprise me but I feel like are important to discuss, right?

1:42.8

So when you're just starting out,

1:46.4

so for example in a service-oriented business,

1:48.9

it's starting out is before you hit 60 to 100,000 dollars in revenue. Before that aspect,

1:58.0

before you get to that milestone, confidence is absolutely a predictor of success.

2:05.0

So the more confident you are in that phase of business development,

2:10.0

the more success that you have.

...

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