Does failure really exist?
Excellent answer, Aaron! And nothing allows you to learn more and improve your Emotional IQ (EQ) than FAILURE. I’ve said it many times before: “You can’t change PERSONALITY, nor person’s IQ. Focus on mastering EMOTIONAL IQ to turn your experiences into a true ENTREPRENEURIAL WISDOM”.
Moreover, as Aaron already brilliantly observed, you’ve got this great gift on someone else’s account and become a much better entrepreneur using Other People’s Money (OPM). So, count your blessing instead of agonizing over your misfortunes. And use all that you learned… in your next venture.
In my last LinkedIn post “SmartAB™ Wisdom #17”, I quoted Daniel Goleman and Lauren Landry who said: “The most effective leaders are all alike in one crucial way: They all have a high degree of what has come to be known as emotional intelligence. It’s not that IQ and technical skills are irrelevant. They do matter, but...they are the entry-level requirements for executive positions.
EQ accounts for nearly 90 percent of what sets high performers apart from peers with similar technical skills and knowledge. Research by EQ provider Talent Smart shows that emotional intelligence is the strongest predictor of performance. And hiring managers have taken notice: 71 percent of employers surveyed by CareerBuilder said they value EQ over IQ, reporting that employees with high emotional intelligence are more likely to stay calm under pressure, resolve conflict effectively, and respond to co-workers with empathy”.
Heck, I even used the 2000-year-old wisdom of Hillel the Elder to reinforce my points – all five of them…