Emotional intelligence is the ability to understand, use, and manage emotions to relieve stress.
“We found that entrepreneurs benefit much more from emotional competences than other competencies—such as IQ—due to high uncertainty and ambiguity that comes with the world of entrepreneurship and even more applicable in a crisis,” says Regan Stevenson, assistant professor of entrepreneurship and management and a faculty fellow in entrepreneurship at the Indiana University Kelley School of Business.
“Being an entrepreneur is not a ‘traditional workplace setting.’ If you are an entrepreneur, you know that managing your business can often feel like you are screaming alone on an emotional rollercoaster,” Stevenson adds.