Why Entrepreneurs Need Emotional Intelligence To Save Their Dying Business?
“If your emotional abilities aren’t in hand if you don’t have self-awareness if you are not able to manage your distressing emotions if you can’t have empathy and have effective relationships, then no matter how smart you are, you are not going to get very far.” ~Daniel Goleman
I still remember the time when I was in high school and we had that IQ test. Well, of course, mine was not that good. Below average. And I was really disturbed with my result. It took me one week to get my mind back on track. I was first introduced to Emotional Intelligence by Daniel Goleman by his wonderful book ‘Emotional Intelligence’ a book that changed the way I used to see things.
This book helped me in my Entrepreneurial journey and still serving me well. So here I am sharing some tips on how to succeed in business with a flavor of emotional intelligence.
Emotional Intelligence or EQ is something that each one of us has but we rarely give any thought to it. Emotional intelligence is made up of four core skills that pair up under two primary competencies: personal competence and social competence.
Personal competence is all about self-awareness and self-management. These traits are mainly personal ones. The way you interact with other people. Personal competence is your ability to stay aware of your emotions and manage your behavior and tendencies.
Self-Awareness is the ability to realize one’s emotions and be self-aware of them.
Self-Management, on the other hand, is the ability to manage those emotions and learn how to respond in a positive manner.
Social competence is about social awareness & relationship management skills; in short social competence is the ability to understand the behavior of people and respond accordingly. To analyze the mood and situation of the surrounding and respond instead of reacting.
Social Awareness is the ability to accurately pick up the emotions and understand what is really going on.
Relationship Management is your ability to use your emotions to build a rapport with the people and how to use that to gain value for your business.
According to Daniel Goleman, Emotionally intelligent people have these 7 traits which make them emotionally strong. I would suggest every Entrepreneur go through them and develop these traits among them.
1. They’re Change Agents
Emotionally intelligent people are not afraid to change.
2. They’re Self-Aware
They understand the fact that not everyone is perfect. They are good are reading their own emotions. They create an environment that is healthy for them to work.
3. They’re Empathetic
One essential skill highly successful people have is they are empathetic.With an innate ability to understand what co-workers or clients are going through, they can get through difficult times drama free.
4. They’re Not Perfectionists
Of course, no one is perfect. People with high EI understand that perfection is an illusion. They roll down all the punches and learn from their mistakes.
5. They’re Balanced
People with strong EI know the balance between work and family. They eat well, get plenty of sleep and have interests outside of work.
6. They’re Curious
An inborn sense of wonder and curiosity makes them delightful to be around. They don’t judge; they explore the possibilities. They ask questions and are open to new solutions.
7. They’re Gracious
People with high EI know every day brings something to be thankful for — and they don’t see the world as “glass half-empty” as a lot of people do. They feel good about their lives and don’t let critics or toxic people affect that.
As an Entrepreneur you need to train your brain by repeatedly practicing new emotionally intelligent behaviors, your brain builds the pathways needed to make them into habits. Running is business is all about understanding the behavior of your audience. Once you understand the behavior, you can then add that behavior in yourself and in the business so people can relate and do business with you. You need to be aware of the soft skills that every leader should possess. Not just for yourself but for your business too.