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Home > Cardone Zone > 117: How to Build Self-Confidence to Point of Being Delusional


	Podcast:		Cardone Zone
	Episode:		117: How to Build Self-Confidence to Point of Being Delusional
	Category:		Business
	Duration:		00:40:45
	Publish Date:		2014-06-03 12:00:00
	Description:		GRANT CARDONE tALKS ABOUT BEING SO CONFIDENT YOU ARE ALMOST DELUSIONAL Welcome to Cardone Zone this is Grant Cardone from Miami Beach - Every tuesday I come to you to help with your business, career and finance.... The unemployment rate in Europe fell from 11.8% to 11.7%. Think that couldn't happen in America? 91 million Americans 'on the sidelines' looking for work? Add to that America's 65-and-older population More and more people are dropping out of the labor force and spending less and less money. Graphically, the trend is breathtakin 1.5 million per year for at least the next fifteen years. We are seeing record high numbers of people falling into the 65 and over age bracket, resulting in a significant shift in U.S. demographics and thus the labor market." Spending LESS Buying Fewer Cars Contracting Not Expanding Add to that Obama Care -- Social Security and Medicare failing What are you going to need - A DIFFERENT Mind Set A Different Game Plan A Different Title Confidence ENTREPRENEUR CAME FROM the eighteenth-century economist who coined the term defined the term as "bearer of risk." Yet research shows that entrepreneurs are just as risk-averse as the rest of us. "Only when it comes to starting a business are (entrepreneurs) daring," "because the fundamental characteristic of entrepreneurs isn't risk-seeking; it's self-confidence." Indeed, the confidence necessary to beat the odds and sustain a new business seems to verge on delusion. YOU NEED TO HAVE SO MUCH CONFIDENCE UNTIL YOU ARE ALMOST DELUSIONAL - CRAZY...... COMFORT IS A DISEASE YOU MUST BECOME DELUSIONAL SELF CONFIDENCE IS MORE IMPORTANT THAN ANYTHING SELF CONFIDENCE CAN BE GROWN DRILL YOUR SKILLS QUIT MAKING IT UP TAP INTO OTHER DELUSIONAL/INSANE PEOPLE According to a 1997 study from the University of Houston, entrepreneurs are overconfident about their capacity to prevent bad things from happening to their business. According to the same study, entrepreneurs are overconfident about their business's prospects. In a 1988 Purdue University study of 3,000 entrepreneurs, more than 80% of participants thought that their business had at least a 70% chance of success. In the same study, 33% of entrepreneurs thought they had a 100% chance of success. A 2013 study from Erasmus University Rotterdam found that entrepreneurs think they will live longer than everybody else. Nobel Prize-winning psychologist Daniel Kahneman says that the delusion is necessary, given that a third of American small businesses flame out within the first five years and two-thirds perish within 10. "A lot of progress in the world is driven by the delusional optimism of some people," he said in an interview. "The people who open small businesses don't think, 'I'm facing these odds, but I'll take them anyway.' They think their business will certainly succeed." A realist will have a harder shot at success in the world, Kahneman says, since people tend to favor optimists. They rise quicker in organizations because they believe they can. They attract more funding for their enterprises by selling their vision. People will work harder for the optimistic leader because they want to be assured that it'll all be OK. Studies of meetings show that people don't listen to the most informed person in the room; they default to the loudest one. That's why we say that these people have a "can-do spirit," Kahneman says. "Among other things, a 'can-do spirit' means you think you can do things you cannot do." And sometimes, it's this semi-delusional thinking and a little luck that makes the seemingly impossible possible. How do you get Confidence..... Can Do Spirit 1) Take Responsibility for it 2) Make this the MOST important thing everyday 3) Train Every Day 4) Reinforce the Successes 5) Tap into GREAT people.
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