Updated: Nov 25, 2021
What does it mean to be an emotionally intelligent entrepreneur? The answer to this question is not as simple as you might think. It's not enough for a leader to read books or work on their communication skills. Emotional intelligence (EI) is the ability to monitor one's own and others' feelings and emotions, discriminate among them and use this information to guide one's thinking and actions. It plays an integral part in enabling people to work well with others. But most importantly, it can also dictate how successful the business becomes.
Recent research shows that emotional intelligence can help leaders solve complex problems, make better decisions and learn how to use their time effectively. In addition, it allows them to strengthen their relationships with those around them. It helps them adapt their behavior according to the situation and manage crises. We all can strengthen our emotional intelligence once we're clear about what they are. Whether you're a startup founder, an executive, or a manager, this article will change the way you think and take action. There are 5 components to master the art of emotionally intelligent leadership: self-awareness, self-regulation, level of motivation, empathy, and social skills.
Self-awareness is one of the five dimensions of emotional intelligence. Highly self-aware people not only understand their own emotions, they know why they feel the way they do, and can use that information to manage interactions with others. Not only does having strong self-awareness aid you in your interactions with other people, but it also clears the emotional space to make better decisions.
Becoming more self-aware helps with decisiveness. In business, you often have to make decisions quickly or differentiate between which decisions will elevate you and your business. But for you to do that, you must have enough self-awareness to recognize your intuition, which requires you to connect to your emotions.
Self-regulation is a critical component of emotional intelligence. Daniel Goleman, Originator of the concept of Emotional Intelligence, has ranked self-regulation as the crucial ability for a leader to successfully deal with others and make effective decisions. People with a high level of self-regulation possess the ability to control their emotions. In addition, they can stop, think, and do something different from what they usually do. Recognizing your emotions is an essential first step to being able to regulate them.
Level of Motivation
It's not easy to motivate yourself when you're self-employed, especially if it's your first business venture. You have to be the creator of your destiny. Motivated leaders are usually optimistic, no matter what problems they face. Adopting this mindset might take practice, but it's well worth the effort. Self-motivated leaders work consistently toward their goals, and they have incredibly high standards for the quality of their work. There will be times in your business when your levels of motivation will fluctuate. Especially when things don't go the way you thought they would. Therefore, one of the most effective ways to distinguish yourself from your competition is to learn how to see and deal with challenges as opportunities.
Empathy is the ability to understand and share the feelings of another. It is often confused with sympathy or defined as "understanding someone's feelings." Empathy allows you to step into the shoes of others, see life through their eyes, and understand complex emotional situations so you can respond appropriately. Empathy is a crucial skill of leadership. To put it simply, leadership means caring about your team. And if you want to lead an effective team, you need to care about them by listening to what's important to them.
Adaptability is one of the four core emotional intelligence skills; it's the capacity to adjust to new situations, environments, and people. This is a critical skill that can open your eyes to new working and problem-solving methods that you never knew existed. Being able to adapt to different situations is a necessary quality you need to have if you want to succeed in business. It will help you deal with changing market conditions, different approaches from other people, and many other potential scenarios. The better you are at adapting, the more successful your business will be.
Commonly referred to as "soft skills," social skills involve interacting effectively with others. For many, this means getting along with your colleagues. But social skills go far beyond the office. The more skilled you are at dealing with people, the better you'll do at home and in your personal life. When you build your social skills, you'll learn how to resolve conflict better, and your communication skills will strengthen.
Strengthen your social skills and your relationships with others by praising them. Being a good leader is tough. You have to inspire your team members, keep morale high, and a whole host of other skills. These characteristics can indeed be challenging, but one of the easiest ways you can lead is by learning how to praise others. At times, as a leader, you may feel awkward giving praise to your team members as they will want to encourage.
If you want to become a better leader, improve your team, and launch yourself into an entirely new level of success, consider learning more about emotional intelligence and how it can improve your management skills. And remember, strengthening your emotional intelligence will also help support your personal life as well.