Why Confidence is The Key to Success

This concept is extremely important to understand if you want to be successful.

We must train from the inside out. Using our strengths to attack and nullify any weaknesses. It’s not about denying a weakness may exist but about denying its right to persist. — Vince McConnell

Characteristics define how well you do in a career, and also distinguish who you are as a person. These personality traits will be the fundamentals that determine your friends, hobbies, and career.

Based on who you are, there are certain qualities that you are either born with or have to acquire in order to succeed. For entrepreneurs, having personality traits that are different from the majority of people around you is a must. Entrepreneurs encompass qualities that may or may not be perceived as positive.

For the most part, people are intimidated to interact with entrepreneurs because they are considered to be very self-confident. Society says that entrepreneurs are full of themselves. That they think they can do anything.

Well, it’s true.

Successful entrepreneurs are super confident. It can be taken as a positive or negative attribute, but it doesn’t matter. If you are to succeed as an entrepreneur, over the top confidence is a requirement. A high level of confidence is the trait that keeps entrepreneurs striving and dreaming bigger.

As Malcolm Gladwell said:

“When you are told every single day that you are going to fail, that your idea won’t work, that you don’t have the skills to execute your strategy, the only thing you can do is have the confidence to continue.”

No one can tell you that you’re going to succeed or fail. Only you can determine the result of your work by either continuing to go on or by giving up. In fact, entrepreneurs fail so often you might as well label them as “professional failures”.

Yet, the confidence that entrepreneurs have allows them to get back up when they fall. This sense of confidence removes the psychological pain when they fail and instead pushes entrepreneurs to their next idea.

A lot of people perceive extremely high levels of confidence as a negative trait; however, confidence can be very nebulous. Sometimes those who are not as confident in themselves see entrepreneurs as overconfident because it’s different from what there used to. These individuals have only experienced the traditional route to success. When the outliers strive to achieve success from a different viewpoint people misunderstand.

This misunderstanding has created a bias in the masses that entrepreneurs are successful because they are extremely intelligent, well-versed in their industry, or have a God-given gift. This isn’t exactly correct.

Entrepreneurs have a sense of self-awareness that gives them an insatiable desire to create change that at times can result in an achievement. (I’m by no means suggesting that entrepreneurs are not smart individuals, but instead focusing on the fact that anyone can be an entrepreneur as long as they are confident enough to pursue their ideas in order to make them a reality).

Nick Woodman (Founder of GoPro) failed twice with two different startups before he created the GoPro. He developed the GoPro camera for surfers and himself to take action photos as they were surfing. Eventually, other athletes discovered that they could use these cameras as well to take videos of them doing stunts, workouts, etc.

Soon the phenomenon of the GoPro camera evolved for use cases that Nick would have never thought possible. We now know GoPro as the most widely sold camera in the world, but it would never have happened if Nick didn’t continue to pursue his dreams. He was confident enough that he could succeed and that’s what pushed him to build the GoPro that we know today.

Rarely, do we see people succeed in entrepreneurship on the first try; It usually takes a couple failures before entrepreneurs can even understand the concept of creating something from nothing.

A majority of people will quit after their first failure because society has trained us to seek a stable high-paying job in order to be classified as successful. For an entrepreneur, there is no sense of feeling better than succeeding by creating something from nothing.

This, in turn, requires a high-level of confidence. The next time you come up with a business idea or identify a problem you or your friends deal with daily, take action on it.

Believe in yourself that you can do it. If you fail, no big deal. Get back up and try again. In the case of Nick Woodman if he would have succeeded on his first try GoPro likely wouldn’t have been invented.

Being self-confident is a key to success.


Written by Sneh Parmar

Sneh Parmar is a growth strategist and entrepreneur focused on early stage ventures. He speaks regularly on topics ranging from youth entrepreneurship to marketing at conferences and universities, while coaching young startups on various verticals about building a company. Sneh has worked with numerous startups, Fortune 500s, angel investors, and venture capital firms.

One Comment

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  1. Based on 15 years of research about the dynamics, I can say that you are right: Confidence is a key.

    To be more accurate, you should say: Deep Belief is the key (no need to show off your self confidence to succeed).
    Why belief is essential? When you want to create, you must proceed with a process of change. The process of change is a sequence of phases, and one of them is a phase of chaos (deep confusion). In order to cross this phase, you cannot rely on your mind (too slow). You can only rely on your belief: quick, strong and powerful.

    If you want to succeed, start to clarify what are your beliefs, and build on them. Confidence will come naturally.

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