• John Panepinto

Why Confidence Is a Major Key To Becoming Successful - and How To Build It

Updated: Dec 30, 2020

conor mcgregor confidence and success

When you look at the top dogs and most successful people of any field – they all have a unique, supreme level of confidence in their ability that tags along with that success of theirs.

Some may be a bit more vocal than others – for example: a Conor McGregor; who will let you, and the entire world know that he is the best at what he does.

Some may be a bit more stoic – like an Elon Musk.

Elon Musk doesn’t go around yelling to the world how great he is at building businesses, but he damn sure will show you by his actions and how he carries himself. Very quickly you’ll find out just how supremely confident he is at entrepreneurship.

Confidence and success go hand in hand. They breed each-other, and they build on each-other like an upward spiral.

Today I am going to teach you an eye-opening philosophy that you can use to become very successful and very confident at any particular skill of your choice.

How Succeeds Breeds Confidence & How Confidence Breeds Success

neo the matrix confidence

The equation to success is as follows – Skill & Ability + Confidence = Success.

Take either skill/ability or confidence out of the equation, and it just won’t work.

Think of it like this:

Your skill/ability is like the amount of money you have in the bank.

Your confidence is like your debit card/means of spending that money.

No matter how much money in the bank (skill/ability) you have, if you don’t have your debit card/means of using that money (no confidence) – then you can't actually buy anything (achieve success).

On the flip-side, if you have a debit card (confidence), but no money in the bank (no skill/ability) then you also can’t buy anything (achieve success).

You need both.

Your initial confidence will always come from building and improving your skill/ability.

Once you do attain confidence from building your skill/ability to a certain ‘base’ level, you will find that confidence breeds success, and success breeds confidence.

This works as a self-amplifying feedback loop and it is a great way of getting yourself out of a rut or reaching greater heights.

- The more confident you become at a particular ability, the more action you’re willing to take and put yourself out there, and in turn, the more opportunities for success you achieve.

- The more success you achieve, the more your confidence and willingness to try growing.

This cycle continues and continues – spiraling you upwards.

Where does that confidence come from?

The fundamental source of confidence is always from practicing your craft with a killer work ethic.

Without practicing your craft and becoming genuinely good at it to the point that you trust yourself in executing it, you’ll never be truly confident.

Putting in the work, improving, learning, and growing at your craft will give you this confidence. It is a process, and you must stay disciplined to it.

Having mentors and colleagues who encourage you, and hold you accountable, can also be a big boost to your confidence.

Now, where does success come from? From your confidence and willingness to ‘take action’.

“You miss 100% of the shots you don’t take” – Waynze Gretzky

If you aren’t confident enough to take the ‘shots’ within your craft that you have to take – you’ll never see success. So take those shots.

The Opposite Also Holds True:

The opposite also holds true – failure breeds doubt, and doubt breeds failure.

If you doubt your abilities, you aren’t going to perform to the best of your abilities, and in turn you’re far more susceptible to failure.

If you let that failure penetrate your psyche, then you start to cultivate even more doubt in yourself.

This feedback loop continues, and can spiral downwards to a point where you aren’t taking any action (e.g. no confidence).

Shifting How You View Losses:

Losses will always be part of the journey – so how do you manage them? How do you avoid a negative feedback loop that breeds doubt?

By shifting how you view them. Instead of labelling them as 'failures' - label them as feedback. Take them for what they are, and understand the opportunity and valuable learning that has come from them.

You honestly learn more from failing, then from winning.

Use this mindset - "Nothing is a disadvantage, everything is an advantage.".

Learning is far more valuable, than you not trying or even attempting. That is the true failure.

Be relentless. When things don't go your way, always get back up on your feet.

When you do this – whether you win or lose, both outcomes are actually ‘wins’ and will progress you forward. Having enough confidence to ‘take action’ will always be a win.

Either you’re improving your confidence with a win (to reach more success) or you’re learning something valuable that will help you win in the future (to also reach more success).

Shift how you view failures. Don’t view them as losses, view them as valuable lessons learned, and opportunities to be better. This will work towards limiting that doubt in your mind and growing your confidence in your craft.

How To Break a Negative Feedback Loop:

david goggins confidence

So let's say you encounter a negative feedback loop of doubt or failure.

How do you end the cycle?

By getting quick wins, and re-building your confidence through guts, grit and courage.

Brick by brick, win by win; swap that doubt out for confidence and swap those losses out for wins till you re-establish that positive feedback loop.

Recall that the dominant source of confidence will always be practising/improving at your craft. So focus on this.

If you aren’t practising/improving at your craft, but you are confident/willing to try – you will be quickly humbled.

Also, recall that the dominant source of success will always be from your skill/ability and confidence/willingness to try.

If you’re not confident/not willing to try – you will never get the opportunity to see success.

The two go hand in hand.

Tips on Component 1- Building Confidence:

This powerful phenomenon isn’t something that happens overnight – it is a process that you must trust.

Repetition is the mother of all learning.

To become confident at something, you simply just have to do and practise what it is that you want to be confident at, over and over again.

Your confidence will always stem from how much you’ve ‘practised’ and ‘done’ a particular skill/ability.

Whatever your craft, identify the key skills you must master – and get working at them.

If you can do this – over time you will cultivate a strong belief in your ability to perform at a high level (confidence); which will put you in position to take enough action to see success.

As mentioned earlier, having a mentor who encourages you, holds you accountable, and pushes you to be better can be one of the biggest confidence boosters you can ever come across. It’ll also come with a handful of other benefits.

Check out my article on Optimized network to learn more about finding a mentor.

Tips on Component 2 - The Process of Success:

Getting success is the other component.

Biggest advice here would be to start with baby steps – focus on getting quick wins early on.