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Is a high IQ necessary for success in a business? »Small business fire

The IQ has become one of the most important methods of measuring human intelligence. The average IQ test was initially designed to recogniz

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The IQ has become one of the most important methods of measuring human intelligence. The average IQ test was initially designed to recognize students who needed extra help in academia. Over time, this test has changed in a way to identify individuals who possess a higher intelligence than the average individual.

Let us now look at the correlation of a high IQ with the possibility of success. It is no mystery that the general assumption is that people with extremely high IQs are prone to success. Whether it be Steve Jobs of Apple or Jay Gatsby of The Great Gatsby, the common belief correlates excessive income with excessive intelligence.

However, numerous research studies have proven the idea of ​​high IQ as the key to success as a hoax. Rather, this says that emotional intelligence or EQ tends to eat up IQ for breakfast when reaching heights in a business or in general (source).

Let’s look at why this may be the case.

The role of emotional intelligence

Before we discuss the role that emotional intelligence plays in increasing the likelihood of success in a business, let’s review its definition. Emotional intelligence is an individual’s ability to positively understand, implement and manage their own emotions for conflict management, effective communication, stress management and overcoming various social challenges.

All in all, this concept applies to an individual’s ability to change their behavior according to various situations by implementing their awareness of their own emotions and those around them. The concept of emotional intelligence is largely related to the practice of empathy because it surrounds the concepts of self and social consciousness.

Therefore, the progressive belief system states that a high EQ is an integral part of success in a business. The general understanding is that consumers buy emotions, not products. In addition, teams work around goals, missions, and strategies rather than prescriptions. On top of that, an entrepreneur’s drive is based more on passion than logic.

Therefore, the ability to return after a failure, understand consumer behavior and change a product or service according to the consumer’s needs, requires a high emotional quotient (EQ) rather than a high intelligence quotient (IQ).

Moreover, while IQ is transmitted by genetics and is more of an innate ability, EQ can be learned, refined, and developed. Therefore, this concept applies to various business concepts and ensures success in a business instead of IQ, which plays a limited role.

Do not get us wrong, IQ might be a bonus if you’re on your way to starting a business. However, the trends suggest that people with an average IQ often perform better in the workplace than those with a furiously high IQ.

Beat out on the quest to be the smartest person in the world!

Emotional intelligence has added another layer to human intelligence and is a widely sought after quality within the business world. Entrepreneurs with high IQs can benefit from numerous positive qualities such as empathy, the effective solution of problems and social skills. These qualities help an entrepreneur to develop quick solutions to problems, function optimally in teams and develop strong relationships.

The foundation of a successful business is coordination and consistently effective communication. If there is a lack of emotional intelligence, an individual will not have the ability to identify different emotions in others and thus struggle to communicate effectively. In addition, it is an integral part of network building, which is one of the core functions of a business.

Ways to improve emotional intelligence

Now that EQ plays a significant role in success in a business, let’s look at the different methods we can approach to improve it. As mentioned above, this ability can be learned, refined and developed. Therefore, the following factors may help to improve your EQ:

Read as often as possible

Reading about the success of other individuals when it comes to businesses will help you determine the different traits and skills needed to succeed in a business. On top of that, reading fiction and non-fiction books helps you immerse yourself in another dimension and put yourself in another character’s shoes. It automatically helps you to develop empathy and social awareness, which helps you to adapt your behavior to different situations, which are integral to a business.

Observe and implement Empathy

Empathy may seem like a basic trait, but it’s an integral part of building your EQ. So work on making empathy a part of your daily life as you practice it with your friends, family, colleagues and new people with whom you may be interacting. Note their body language, tone, and eye movements to determine how they feel about a particular situation.

While IQ is a big bonus to reaching heights in life, it may not be the main factor that brings you closer to success in a business. Emotional intelligence can be a much better measure of long-term success because it helps you solve problems based on self and social awareness. Since businesses are all about the end consumer, understanding their needs and tailoring your product or service to meet them increases your chances of succeeding at a business.

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