Self Esteem

I am not an expert on self esteem.  There are certainly others that have spent years studying and understanding the importance of self esteem.  But I would like to briefly chat about the importance of self esteem based on my experiences as a business coach.  At its very heart self esteem is directly tied to self respect and is defined as; confidence in your own merit as an individual person.

When it comes to working with new business owners the excitement of owning their own business is often overshadowed by fear and decreasing confidence as they begin learning the harsh lessons of being a business owner.  I often find myself encouraging owners by tapping into the motivation and confidence that directed them to opening their own business in the first place.  There is not perfect plan, no perfect business, and no perfect way of dealing with problems.  With that said the one thing that remains consistent when it comes to individuals who can make the plan work despite the shortcomings, ensure the business can be successful and to handle problems, is the confidence one has with in them.  The confidence to see beyond the immediate moment and to make decisions that are in the best interest of all parties involved is a key component to being successful both in ones personal life and in business.

Business owners that are not afraid to fail operate with far greater boundaries than business owners who are afraid to fail.  Don’t get me wrong business owners that don’t fear failure assess the risks being taking and certainly take risks that are more likely to be successful. Not quite the gunslinger mentality (at least not all the time).  The business owners who don’t take any risk have a tendency to restrict and then constrict their business to the point it suffocates.

The point in this brief article is this; self esteem is a vital component for every business owner, self esteem can be learned, so if you weren’t born with it, you owe it to yourself to seek it out.