The importance of backing yourself and having confidence

One of the key points emphasized in the podcast episode is the importance of backing oneself and having confidence. It is highlighted that confidence in one's abilities comes from being competent in one's field and having a deep understanding of the profession. The guest speaker shares his personal journey of gaining confidence by continuously learning and understanding his buyers, their needs, and the market. He also emphasizes the significance of being true to oneself and not trying to emulate others' success. The key takeaway is that confidence and self-belief are crucial for achieving success.