What Is Emotional Quotient (EQ)? Does It Play A Role In Your Business?

byEdwinBernard

9.2K followers

Updated 1 year ago

We are all familiar with the term IQ or Intelligent Quotient. In a nutshell it is a measure of cleverness. Having a high IQ is a good thing, but on its own, doesn't guarantee success in life.

Of greater importance is Emotional Quotient (EQ). Having a high level of this quality can be more effective in creating a successful business. We cannot build a business all by ourselves. We need help from others in many ways. Such as teachers, mentors, team members, collaborators etc. Here is where having a high EQ can play a pivotal role.

The 4 Components Of EQ

1) Self Awareness

2) Self Management

3) Social Awareness

4) Relationship Management

Self Awareness

Having the ability to recognize and understand one's own emotions, values and drives is crucial to building a successful business. It involves knowing one's strengths and weaknesses and how they affect oneself and others.

Self awareness is the first step towards understanding others and how to build relationships that are essential to building a business.

Self Management

Can you imagine creating a successful business if your emotions and behaviors are out of control? When building a business it is important to have a steady head.

Being able to control impulses, adapt to changing situations and to remain optimistic through setbacks are qualities necessary to succeed in life as well as in business.

These are the foundations of self management that successful entrepreneurs develop in their character.

Social Awareness

This is the ability to recognize and understand the emotions, needs, and concerns of others. It involves being able to empathize with others, understand their perspectives, and appreciate diversity.

These qualities can go a long way towards finding the right people to work with. Those who create successful businesses do not do so in a vacuum.

When you know your weaknesses it is easier to find others who have the strengths we need to help us succeed faster.

Relationship Management

It is not enough to find working partners to help us build our business. We must have the ability to forge and maintain healthy relationships with others. Several important skills are necessary to do this.

Such as communicating effectively, resolving conflicts, and working collaboratively towards shared goals.

How Do You Stack Up In These 4 Areas?

If you are good in all these 4 areas, kudos to you. Most people have weaknesses in one or more of them. If you do, don't feel bad about it. It is crucial to know where you stand in each of these areas.

There are online tests you can take to find out. You can make improvements in any area you find yourself weak in. Knowing ones weaknesses and being willing to do something about it is essential to build successful business.

However, it's important to remember that EQ is a complex and dynamic concept, and no test can fully capture all aspects of emotional intelligence.

Tips For Improving Yourself

1) Self-Awareness: Keep a journal and write down your thoughts and feelings regularly. This can help you identify patterns in your emotions and behaviors. You can also ask for feedback from others and reflect on it to gain a better understanding of how others perceive you.

2) Self-Management: Practice mindfulness and relaxation techniques to become more aware of your thoughts and emotions. Set goals and work towards them systematically. Manage your time effectively, and develop healthy habits such as regular exercise and proper sleep.

3) Social Awareness: Observe others and try to understand their perspectives and emotions. Practice active listening, empathy, and nonverbal communication skills. Seek out diverse experiences and perspectives to broaden your understanding of others.

4) Relationship Management: Practice effective communication skills, including assertiveness and active listening. Develop conflict resolution skills and practice compromise and negotiation. Build and maintain positive relationships with others through trust, mutual respect and support.

What Next?

As you inculcate these abilities into yourself, you will find it easier to do the following three steps to build a successful business.

1) Develop a clarity of vision about your business.

2) Make sure you are laser focused on your goals.

3) Take MASSSIVE ACTION to follow your business plan.

I am certain you will find that every successful affiliate marketer and Super Affiliate in Wealthy Affiliate has a high EQ as well as all these three characteristics.

It is not easy, but essential towards achieving the success you may crave.

Where do you rate yourself with regard to Self Awareness, Self Management, Social Awareness and Relationship Management?

One More Thing

In this fast evolving era of Artificial Intelligence, you will realize that EQ will be essential to humanize your use of AI. Be aware of the emotional quotient of how you develop your business to connect with your customers more effectively.

I'd love to hear what you think about all of this below.

Cheers!

Edwin