Each year hundreds of men and women in the United States start their own business and try their hand at entrepreneurship. However, being an entrepreneur is not as easy as it seems, and there are plenty of pitfalls and challenges new business owners must go through. These include lack of finance, lack of support, economic instability, and more. According to statistics, the rate of failure or discontinuation of business is 3.6% for men and 5.3% for women entrepreneurs.

One of the biggest reasons for failure among entrepreneurs is a lack of confidence, low self-esteem, and unwillingness to stray too far from their comfort zones. According to Steve Jobs, an entrepreneur can only be successful if they “Stay hungry. Stay foolish,”. This means that it takes a certain level of vulnerability, foolishness, and confidence to attempt something huge without knowing the outcome.

Here are some tips for aspiring entrepreneurs to boost their confidence and find the motivation to take the proverbial plunge:

Understand What Confidence Means

There is a fine line between confidence and being rash or foolhardy. Being self-assured is a good thing unless it is to the point that you think that you can never fail. You need to clarify your understanding of confidence and remind yourself that it means being willing to face the challenges while accepting your potential to find solutions and overcoming tremendous odds.

Comparison Is the Death of Confidence

Once you start comparing yourself to others, you will lose the little confidence you have. Comparison is one of the top confidence killers and has been labeled as ‘The thief of joy’ by Former U.S. President Theodore Roosevelt. While studying competition, avoid comparing yourself to others . Don’t let other people’s accomplishments dictate your potential or measure your personal definition of success by comparing it with others.

Silence Your Inner Critic

There is no shame in being afraid. It helps you make more calculated and more deliberate decisions by identifying possible risks. However, dwelling on negatives for too long and questioning your abilities and abilities will prevent you from realizing your full potential. You need to learn to silence your inner critic if it gets too critical to avoid low self-esteem and ensuring a more positive outlook toward your success.

Hire an Inspiring Motivational Speaker for Entrepreneurs in Houston:

Eleanor Curry is one of the leading professional motivational speakers for entrepreneurs in Houston. She has years of experience as a top entrepreneurship speakers Houston, expert real estate broker, and proficient small business attorney. She offers exceptional industry insights and an open-minded perspective to entrepreneurs through her motivational talks to help them succeed.

Engage her services today to get over your fears and boost your career as an entrepreneur!