The Importance of Emotional Quotient for Entrepreneurs
Have you relied on your abilities and knowledge at work? If so, then you should change it now. In fact, a person's success is influenced by 80% EQ (Emotional Quotient) and 20% IQ (Intelligence Quotient). This proves that EQ plays an important role in determining your future.
Smart but can't control emotions?
There are two people applying for jobs at your company. After going through several stages of the test, two different results came out. The first person proved to be smart, attractive, and agile. Unfortunately, he's arrogant and easily hurt. The second person also proved smart, although not as smart as the first person. To his advantage, the second person can control his emotions and look humble. Which one do you accept for work? Of course it's the second guy, isn't it?
Nowadays EQ is very important in the business world, both in the relationship of superiors and fellow business partners. They no longer put one's intellectual intelligence first. For them, a person's IQ ability is easier to improve compared to EQ, which is a growth in a person. People with high EQ are considered to be able to work better by maintaining balance within themselves, so as to adjust to the surrounding environment.
5 Emotional Intelligence Categories
In his book Emotional Intelligence: Why It Can Matter More Than IQ and Working With Emotional Intelligence, Daniel Goleman categorizes 5 pillars that can be a measuring tool to determine a person's EQ condition. You can make these 5 things as an assessment of the extent of your EQ and your employees.
1. Self-Awareness
A person with a high self-awareness will know himself well. He will know his strengths and weaknesses and how his behavior affects others. Usually self-conscious people can handle and learn from constructive criticism compared to those who don't.
2. Self-Regulation
Self regulation is a person's ability to control his feelings or mood. A high EQ will make a person able to wisely express and control his emotions. You won't find people with high self regulation arguing in public. They are the people who think first before acting. The characteristics of people with good self regulation is that they can adapt well in their environment, stay calm and productive in the midst of difficulties, and be reliable.
3. Motivation
People with high EQ are people who can motivate themselves. They are not easily driven by money or degrees. It is personal ambition that keeps them optimistic. Self-motivation makes them always energized and persistent with their efforts until achieved. Such a person is a good leader because he will push his team in a positive and optimistic way.
4. Empathy
Empathy is the nature of a person who can put himself in the position of someone else. A person with high empathy will have compassion and understanding towards others. This ability to empathize makes them provide great service and a genuine response to others.
5. People skills
People skill is one's ability when dealing with others. A person with high EQ can build a good and enduring relationship with others. They can direct others to their desired goals and have high confidence in their team members. People who already have people skills or social skills have mastered the above 4 categories and are the right leaders.
The Role of EQ for Entrepreneurs
Basically, EQ is the ability to understand factors as well as those around you. As an entrepreneur, you will be faced with various challenges and problems. Having a high EQ will enable you to keep fighting and trying when you fail. You will know that success and failure are like siamese twins accompanying you throughout the journey. Your ability to manage your emotions will determine the time you need to improve yourself.
In addition to enabling you to struggle in business, EQ also predicts your performance. Based on research of 34 skills conducted by TalentSmart, EQ predictor capability is 58% stronger compared to 33 other skills. Your EQ is the basis of a variety of other critical abilities that influence your words and behavior on a daily basis.
Those with high EQ will make more money. Based on research in the world of work, 90% of great businesses have high EQ. On average, they'll make $29,000 higher than people with low EQ.
Practice your EQ from now on!
Once you know the importance of Emotional Quotient for an entrepreneur, it is important for you to train your Emotional Quotient. If at the moment you are difficult to control your emotions, try to write a diary. A study states that writing your thoughts and feelings in a diary is the most effective practical thing that is helpful to get all your emotions out. It only takes you a few hours to do it.
Know yourself. Try to connect your thoughts and feelings. If you feel something unusual, then there will be contradictions in your feelings. You can help yourself by asking Why Can I think of this? Listening to your feelings is like listening to a witness in court. Only by acknowledging all the evidence, you can understand and achieve the best results. If you're not a great person to recognize emotions, try asking others. Some people are very good at telling people's condition other than themselves.
Remember that a successful entrepreneur is an entrepreneur who is able to manage his emotions well. Are you ready to welcome success in your business.
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