Startup founders need emotional intelligence skills to run a startup.

Emotional intelligence helps the founder control emotions and empathize with others.

Here are the key components for building those skills:

Self-awareness – this is the ability to know yourself and recognize your strengths, weaknesses, and limitations.

The more you know yourself, the more you can work around your weaknesses to achieve your goals.

Self-regulation – this is the ability to recognize your emotions and control them.

The stronger your self-regulation, the more control you have over your responses to challenging situations.

Social skills – the ability to influence others to be more empathetic.

This comes in the form of communication, persuasion, and collaboration skills.

Social skills help you connect to others and bond with them.

Empathy – the ability to understand others intellectually rather than emotionally, which is sympathy.

Empathy helps the founder understand the team on a deeper level and provide appropriate responses.

Motivation – the ability to drive forward through challenging situations.

Founders need to understand what motivates the team members which can be financial, personal, or otherwise.

Founders need strong emotional intelligence skills to lead the team, manage conflicts, and motivate the team members.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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Thank you for joining your host Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

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Disclaimer:
Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.