Let us first know what EQ is all about. Till the 1990s you are all aware of IQ or the intelligence quotient. IQ is a test to measure and assess human intelligence. But some reports suggest that a person with high IQ need not be necessarily successful at life.
It was in the mid-1990s another parameter known as EQ or emotional quotient was developed by Daniel Goleman. EQ is something that one has to attain a successful life and career. More clearly, we can say that a person’s success depends on one’s ability to read other people’s signals and react appropriately to them.
However, high IQ has no direct correlation with a person’s EQ. Basically, these four skills that are mandatory to know whether an entrepreneur has a good EQ or not.
- Self Awareness
- Social Awareness
- Relationship Management
The level of emotional intelligence in an entrepreneur guides their day to day activities. A high EQ can add to his leadership powers.
People with high EQ are always aware what their team members expect from them. This is what makes their team members happy and adds to their motivation. In simple words, it creates a positive work environment.
High EQ leaders can influence an emotional collaboration among their team members based on trust.
An entrepreneur with a high EQ helps control negative emotional environment and also helps gain the loyalty of staff and customers.
Studies also show that a person with a high EQ has greater mental health, leadership skills, and job performance.
Well, now it is proved that one with a high EQ will step ahead smoothly on this bumpy business ride.