Though mixing business with pleasure has never been a great idea, taking emotions out of your business operation is a completely bad idea. According to the University of Maryland’s report on Emotional Intelligence (EI), Emotional intelligence refers to the abilities and skills required to help people identify, understand, and manage emotions.
In other words, Emotional Intelligence is a major factor that helps determines your personal and professional perceptions and interactions. Your Emotional Intelligence has rightly been identified as being even more central to entrepreneurial success than your Intelligence Quotient (IQ).
Thankfully, having low Emotional intelligence is no excuse to remain at the same level. Unlike IQ and personality traits, it is more learn-able and significant development can be achieved regardless your age. Here are 3 ways Emotional Intelligence can make you a better Entrepreneur:
Emotional Intelligence helps you build better relationships with clients
In between running your business and dealing with the demands of your personal life, you can get so stressed out that you may have a hard time dealing with clients’ complaint. However, with a well-developed Emotional Intelligence, you can put your emotions under check and empathize appropriately with clients. This not only helps build better relationships with clients but also improves their loyalty to your brand.
Emotional Intelligence improves your Employees’ productivity
Without doubt, individuals with high Emotional Intelligence make the right hire. They have the ability to work under pressure and interact well with clients. It is also easier for them to understand your company’s culture and make relevant contributions to achieving your business goals.
Emotional Intelligence hones your negotiation skills
When negotiating with investors and business partners, you need more than just your critical, mental, and analytical skills. Your ability to identify and understand their emotions helps you to resonate with their fears, ideas, and demands. Armed with a high level of Emotional Intelligence, you can stay calm under intense pressure, resolve conflict effectively, and make informed business decisions.
To figure out where you stand on the Emotional Intelligence scale, you can start by answering the following questions:
- How well do you read and register other people’s emotion?
- How well do you recognize and understand your emotions?
- Have you been able to Identify what triggers your emotions?
- How well do you process the emotional information you receive?
While figure where you stand, here are 5 tips to help you hone your Emotional Intelligence:
- Never get too busy that you get out of tune with your emotions. Always stay in touch with them.
- Stay positive at all times. Don’t dwell on negative things.
- Read books and literature on emotional intelligence.
- Practice self-awareness. Stay in tune with facial expressions, gestures, and body languages.
- Speak to a mental health coach.