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Showing posts from March, 2018

Patience is a business virtue even in this age of instant gratification

The age of instant gratification is truly upon us with every business laying the greatest emphasis on speed. One minute noodles, pizza home delivery in less than 30 minutes; grocery, cabs and food on demand etc are the in thing.  Every entrepreneur and business prides itself on its marketing professionalism, speed, agility and the ability to serve its customers in the quickest turnaround time.   Yet, there are certain aspects of business that take their own sweet time to fructify. And success is one of them. ·       There is nothing called as instant success in business ·          Every success story hitting the headlines today has been crafted over years of toil, patience and perseverance.   Success is neither overnight nor smooth.   It has taken nearly 40 years for Apple to reach its predominant position that it is in today and even such an iconic company was just 90 days away from bankruptcy in 1997, as Jobs himself had said years later. So every business ha

Criticality of Emotional Intelligence for business success

Starting a business is very tough and time-consuming and most entrepreneurs would vouch for the fact that it is both physically and psychologically draining experience. Only the most motivated, goal-oriented and passionate people can succeed in their ventures and dare we say most successful entrepreneurs have a high level of Emotional Intelligence/ Quotient (EI / EQ).  But what is the relation between business success and EI?  Does a person with higher Intelligent Quotient (IQ) but lower EQ stand a better chance at succeeding in business or will a person with a higher EQ more often than not score over a person with higher IQ but lower EQ. According to Travis Bradberry, co-founder of TalentSmart and author of bestselling book " Emotional Intelligence 2.0"; there is a direct co-relation between EI and success in the workplace. In his research, Bradberry found high emotional intelligence among 90 per cent of top performers, but in only 20 percent of bottom p