By Aaron Pitman
MASON, Ohio (TheStreet) -- In business and in life, confidence is key. You need to believe in yourself and your abilities to take the right risks for big rewards. After all, if you don't believe in yourself, why should anyone else believe in you?
Optimism stems from confidence, and this sunny outlook can have a real impact on your business and life prospects. For instance, studies have found those with an optimistic outlook are more resilient and better able to bounce back from setbacks. Optimists in the business realm are even more likely to be approved for bank loans than their more pessimistic counterparts.
So how do you boost your confidence if it's lacking? How do you tackle problems confidently when you know you don't have all the answers?
I use a method I like to call "confess and attack" to address the elephants in the room and ramp up my confidence. I'll outline each stage and show you how you can use the method to appear more confident to those around you:
As a young entrepreneur, I knew my age was actually working against me when I was taking meetings with the movers and shakers in my industry. People will often not give you much credit you when you're young, especially when you're under 30 and a highly driven entrepreneur. They might not think you're serious about your company or, worse, that you don't know what you're talking about.
Short of Benjamin Button-ing yourself, there's really no way to get older to make investors and business partners more comfortable. So, instead, I decided the best plan of action was to address the elephant in the room.
I would admit I was a young entrepreneur and I might not have the same years of experience they do. This doesn't mean I haven't put in my 10,000 hours to build up my knowledge base, though. I felt confident in my abilities even though on the surface I might not seem like the ideal business partner, and I expressed this confidence during my "confession."
This is a great plan of action for addressing the insecurities holding you back from being more confident. Admit them! Confession is good for the soul, and only by admitting your shortcomings can you begin to address how you are more than a stereotype.
For instance, say you go in for a great job but you're underqualified. You know you don't have the exact qualifications the employer needs, which means the employer probably knows this as well. This can cause you to lose confidence in your abilities during the interview. In fact, a recent study showed 92% of people had some fear going into an interview and for 26% this fear stemmed from their qualifications.