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Why You Need to Develop Emotional Intelligence to Be Successful

Posted on September 28th, 2017
Emotional Intelligence

We often think of one type of intelligence when we talk about “smarts.” However, book learning isn’t everything. Being smart intellectually isn’t going to be the only thing that allows you to be successful as a business owner.

While it helps to be a good learner and smart in many ways, many of us forget about emotional intelligence. If you want long-lasting success, you need to develop emotional intelligence as you do other skills.

Interpersonal Relationships Matter

As automation becomes increasingly important to our economy and the job market, routine jobs are disappearing. In order to succeed in today’s world, developing interpersonal relationships is important. Your ability to interact with others is vital.

On top of that, with video, speaking, writing, and other communication skills a vital part of online marketing and social media, your ability to use these tools is important. As a business leader, you need to be able to communicate with your employees as well as with partners and the public.

When you develop emotional intelligence, you have a better time identifying others’ needs and seeing the best ways to interact with them. As a result, you are more likely to be able to connect with them on a deeper level and lead more effectively.

For many of us, it can be hard work to develop emotional intelligence. It’s a skill and requires knowledge and effort. However, with practice, you can use different elements of emotional intelligence to be a successful business leader.

Elements of Emotional Intelligence

There are different elements and skills you can develop that can improve your emotional intelligence and allow you to connect with others and be a better leader. Here are a few things that can help you in your efforts:

  • Know yourself: It’s not just about connecting with other people. You also need to know yourself in order to have a better emotional intelligence. When you know yourself — and you’re comfortable with yourself — you can put others at ease and be genuine with them.
  • Active listening: This is an essential skill if you want your employees and others to feel valued. Plus, when you take the time to really listen, you will understand people, and what they are saying, and be better able to meet their needs.
  • Provide effective feedback: Giving feedback effectively is a skill of emotional intelligence. It’s not enough to tell someone they are doing something wrong (or right). You need to deliver the information in an empathetic manner, and in a constructive way that helps your team members grow.
  • Stress management: The way you handle stress is a sign of emotional intelligence. And if you can help others better handle their stress, you will be better able to deal with problems in the company and overcome challenges.

As you develop emotional intelligence, you will be a better boss and a better business leader. Plus, you’ll be able enrich your own life and your relationships beyond the workplace.

Make an effort to improve the way you interact with others, and you will reap the benefits in your business and in your life.

Miranda Marquit

Miranda Marquit

I'm Miranda and I'm a freelance financial journalist and money expert. My specialties are investing, small business/entrepreneurship and personal finance. The journey to business success and financial freedom is best undertaken with fellow travelers.

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