How you can build confidence as a business Leader

In the fast-paced world of business, leaders constantly face the challenge of adapting and growing at an unprecedented rate. Growing as a leader entails not only investing time and resources but also having unwavering confidence to make crucial decisions and pave the path to success. Confidence serves as the driving force behind effective leadership, igniting innovation, influence, and motivation. Above all else, a leader’s confidence acts as a reflection of their true potential. When we emanate confidence, it profoundly impacts how others perceive us and shapes the perception of our brand, not only within our teams but also in the eyes of the public.

It is worth noting that exceptional leaders like Steve Jobs and Elon Musk possessed the audacity to present ideas that pushed boundaries and defied the status quo. Rather than conforming to conventional norms, they dared to think differently and fearlessly marched forward, firmly believing in themselves. This kind of unwavering confidence left an indelible mark on the world and set their brands apart from the competition. This begs the question: How can one become a successful leader who possesses the confidence to take risks and challenge norms? How can you acquire the confidence to transform your leadership?

Undoubtedly, gaining confidence is no easy feat. Even the most experienced leaders can find themselves lacking in it. We must acknowledge that reaching the pinnacle of leadership requires more than sheer hard work and dedication. Traditionally, individuals are taught to focus on developing external skills such as technical expertise and social influence. However, the key to gaining confidence lies in comprehending and developing oneself. Once you have a deeper understanding of yourself, you will gain valuable insights into how to leverage your strengths, address your weaknesses, and harness your unique abilities to lead with unwavering confidence.

4 things you can do to reclaim your confidence

Make the commitment:

As opposed to the common belief of having the skills first and then committing, leaders must commit first. Commitment itself can boost confidence. Making a public or personal declaration of commitment creates a sense of accountability and pushes us to take action. As we make progress and witness our own dedication and effort, our confidence naturally grows. Each step taken reinforces our belief in our ability to acquire the necessary skills.

While skills undoubtedly play a crucial role in achieving success, the act of committing before possessing those skills can be a powerful catalyst for growth and development. Embracing commitment as a starting point, we embark on a transformative journey that pushes us to acquire the skills necessary to fulfill our commitments and achieve our goals.

Cultivate courage:

Courage allows us to embrace failure as a learning opportunity. When we have the courage to try new things and take risks, we also open ourselves up to the possibility of failure. However, failure is not a reflection of our worth or abilities. Instead, it provides valuable lessons and insights that contribute to personal and professional growth. Embracing failure with courage allows us to bounce back, adjust our approach and build confidence through resilience. By cultivating courage, we embark on a journey of self-discovery, resilience and personal growth that fuels the development of unwavering confidence.

Develop your skills:

Mastery breeds confidence. Building confidence by developing your skills is a powerful and effective approach to enhancing self-assurance and belief in your abilities. As you develop and refine your skills, you gain a sense of mastery over them. The more proficient you become in a particular area, the more confidence you naturally build. Competence and expertise bolster your belief in your capabilities, allowing you to tackle challenges with greater assurance.

A simple gesture such as reading to further improve your skills, can go a long way in building confidence. This is especially effective when incorporated into your routine. So, remember to invest time to improve yourself and upgrade your skills. By investing in your skills and competencies, you lay a solid foundation for increased confidence, enabling you to take on new challenges and opportunities with greater assurance.

Acknowledge your wins:

No achievement is too small. Acknowledging and celebrating even the smallest wins can have a significant impact on your confidence. Acknowledging your wins is a powerful practice for building confidence. By validating and recognizing your achievements, you reinforce positive behaviors, strengthen your belief in your abilities and generate momentum toward further success. Embrace the habit of celebrating your wins, both big and small, and watch your confidence grow as you recognize the value and impact of your accomplishments.

To lose our confidence is not uncommon. It can happen to any of us, regardless of our skills and capabilities. However, when we stay in that state, we become stagnant and fail to reach our full potential. To be an effective leader, we must take action to reclaim our confidence. So, embrace the challenge of navigating your self-doubts, and choose to elevate your leadership confidence. With the proper approach, there is no challenge too big for us to take on.

Instead of looking outwards, let’s take a look at ourselves first. To look inwards means that we have to evaluate ourselves and take a closer look at the root of the problem.

What causes leaders to lose confidence?

There are many reasons why people may lack confidence in their abilities as a leader. Here are some common causes:


Leaders who strive for perfection may set unrealistically high standards for themselves. The constant pursuit of flawlessness can lead to self-criticism and a fear of not meeting those lofty expectations. When leaders inevitably fall short, their confidence can suffer as they perceive their performance as inadequate.

Critical self-judgment:

Leaders who engage in harsh self-judgment tend to be overly critical of their own actions and abilities. They may focus on their mistakes or shortcomings, undermining their confidence. The constant self-doubt and negative self-talk can erode their belief in their capabilities as leaders.

Fear of failure:

The fear of failure can be paralyzing and can lead to a significant loss of confidence for leaders. The fear of making mistakes or experiencing setbacks can prevent them from taking risks, trying new approaches and embracing innovative ideas. This fear can restrict their growth and impact their self-assurance.

Lack of experience:

Leaders who lack experience in certain areas or face new challenges may experience a dip in confidence. In unfamiliar territory, they may question their ability to navigate complex situations or make sound judgments. The perceived gap in experience can undermine their confidence until they gain the necessary knowledge and skills.

Lack of skill:

Leaders who feel they lack certain skills necessary for their roles may experience a loss of confidence. When leaders believe they are deficient in crucial competencies, such as communication, decision-making or strategic thinking, it can undermine their confidence in their ability to lead effectively. However, skills can be developed through training, learning and seeking opportunities for growth.

These factors can intertwine and reinforce each other, amplifying the loss of confidence in leaders. It is essential to identify what may be causing your lack of confidence and address its root cause. Once you have come to terms with the source of your lack of confidence, it is now possible to take action and reclaim your confidence.

Remember that a man with confidence is worth a thousand doubters, for he possesses the power to inspire, lead and achieve greatness.

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Michael P
Los Angeles based finance writer covering everything from crypto to the markets.

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