1. Do you have the confidence to attempt the difficult?

2. Objectives
Examine confidence in the context of entrepreneurial behaviors
Explore the impact of confidence on success as an entrepreneur
Assess your personal confidence

3. The Opportunity Analysis CanvasTM
Industry
Condition
Entrepreneurial Motivation
Competition
Entrepreneurial Mindset
Industry
Status
Opportunity Identification
Entrepreneurial Behavior
Confidence
Risk
Interpersonal skills
Social capital
Value
Curve
Macroeconomic
Change

4. Entrepreneurial behavior
Entrepreneurial mindset and motivation can only translate into action with entrepreneurial behaviors
Behaviors most critical to entrepreneurial opportunity analysis and action are
Confidence
Risk
Interpersonal skills
Social capital

6. one’s powers or abilities”
Defining confidence
“belief in oneself and
one’s powers or abilities”
Self-confidence
Self-reliance
Assurance

7. Confidence and self-efficacy are two sides of the same coin
Positive self-efficacy increases
the likelihood that an individual will discover entrepreneurial opportunities and
the individual’s confidence in their subjective judgment about uncertain events (Shane, 2003).
Self-confidence impacts how well you perform and how satisfied you are with your decisions

10. Why it’s important to understand you personal confidence level?
Entrepreneurs must have confidence in their own judgments
Particularly when these decisions differ from popular opinion or the advice of others
Entrepreneurial opportunity discovery is constrained if there is
Limited confidence in one’s judgment
Discomfort with being at odds with the majority (Casson, 1995; Ripsas, 1998)

11. Summary
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