Emotional Intelligence: All successful entrepreneurs have it

Successful entrepreneurs have one thing in common. They see everyday problems as opportunities and develop innovative solutions on how to deal with them. This trait is what sets them apart from regular entrepreneurs.

One aspect that allows entrepreneurs to do such a feat is their ability to manage their emotions or their emotional intelligence.

Understanding emotional intelligence

Emotional intelligence (EI) is the ability to identify and manage one’s own emotions, as well as the emotions of others. Quantifying someone’s EI can be hard due to the intangible factors that you have to consider. To better understand this, here are some characteristics that are common in emotionally intelligent people:

• They have great social skills. Their ability to identify the emotions of others and their own helps them develop new relationships and cultivate existing ones. They are confident in who they are and can easily adapt to any type of situation.
• They are motivated, driven and goal-oriented. These characteristics allow them to get things done. At the same time, they are able to inspire those around them to do the same.
• They are resilient. They are able to bounce back from failure and keep moving forward no matter what.
• They have a grip on their emotions. Emotionally intelligent people have a clear understanding of what’s in front of them. This allows them to make tough decisions under pressure.
• Another hallmark of having high emotional intelligence is empathy. This is the ability to understand and share the feelings of others.
• They are better suited to become leaders. With great social skills, empathy and motivation, it’s easier for them to lead their team and win people over.

Impact of emotional intelligence in the business

Having emotional intelligence in your arsenal can greatly benefit you and your business on so many levels. Entrepreneurs with highly developed emotional intelligence tend to be more successful because of the characteristics mentioned above. Here’s why:

• They understand their customers better than anyone else. This allows them to tailor-fit their products/services based on their customers’ requirements.
• They care about their team and what the people around them are going through, thus, making them a great leader.
• They have better control of their emotions. They find ways to calmly deal with what they’re feeling. Plus, they don’t let their emotions get the best of them.
• They are self-aware. Because they have better control over their emotions, they are able to make better decisions.

You can improve your emotional intelligence by practicing self-awareness and self-management. Read the 5 common mistakes that entrepreneurs come across and come up with a list on how to deal with them.

Business loan for the emotionally intelligent entrepreneur

Emotionally intelligent people are patient. However, the opportunities that the market is offering can’t wait. That is why we made online loan applications faster and easier for business owners wherever they are in the Philippines. Business owners can avail of our non-collateral business loan by visiting our website anytime, anywhere.

Would you want to know if you are qualified for an Esquire Financing Inc. non-collateral business loan? Experience an easy online loan application by visiting esquirefin.co/loans today or talk to one of our Loan Specialists by dialing (02) 8811 8888.