Are You Intelligent Enough To Be An Entrepreneur?

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Are You Intelligent Enough To Be An Entrepreneur?

 

While there are many people who do not feel as if they have the correct amount of intelligence to become an entrepreneur, there is zero evidence to support the idea that a prospective entrepreneur needs to have a certain level of intelligence to pursue this particular lifestyle.

As a matter of fact, traditional book smarts are not nearly enough to get your foot into the door. A successful entrepreneur is someone who displays intelligence in a variety of different ways and can relate to various points of view.

There are multiple types of intelligence needed to achieve success as an entrepreneur, so let’s take a closer look at each of them.

  1. Musical Intelligence

Even though musical intelligence is commonly associated with timbre and pitch, it has applications in the world of business. Those who are musically intelligent have the ability to listen to people and orchestrate a variety of different events.

People who are musically intelligent also tend to be much more logical thinkers and are able to separate fact from fiction, a crucial trait within the business world.

  1. Body Smarts

Also known as kinesthetic intelligence, this form of smarts involves having a keen sense of timing. Those who body smart are able to perfect their skills over the course of time and also have a great sense of body/mind coordination.

Entrepreneurs who work within the world of business and are also body smart are more apt to come up with clever new inventions and are particularly innovative. These strengths lend themselves well to realms such as public speaking and leadership presence. Being a gifted leader is all about getting people to follow you, which is what those with kinesthetic intelligence do best.

  1. Spatial Intelligence

This form of intelligence is displayed by business entrepreneurs who have the ability to think in three different dimensions and envision upcoming events with their mind’s eye. It behooves an entrepreneur to have an active imagination and business leaders with spatial intelligence have the gift of mental imagery, as well as a creative mind.

These skills are especially useful when it comes to devising marketing plans, designing solutions to issues that arise along the way and branding their products so that they remain visible to the public. They are often able to see several moves ahead of the competition, which is a major advantage.

  1. Nature Smarts

Having naturalistic intelligence may not seem important within the business world, but an entrepreneur needs to have a greater understanding of the world around them and their place in said world to achieve their true potential. Naturalistic intelligence is displayed when an entrepreneur has sensitivity, understanding, and strong personal ethics.

An entrepreneur utilizes the aforementioned skills and attributes to view newer markets first, predict the latest trends in their particular business and market directly to their chosen demographic.

  1. Logical Reasoning Intelligence

This form of logical reasoning is tied into one’s ability to decipher numbers and quantify them, while also continuing to think in a logical manner. Business entrepreneurs who are particularly strong in this area are able to keep their passions in check, while meticulously planning each step of their upcoming plans.

They do not allow themselves to become carried away with excessive emotionalizing, preferring to look at situations with a more cold and clinical point of view. Logically intelligent know what they will need to carry out their plans and seek financial resources before making a leap.

  1. Self Awareness

Self awareness can also be known as self smarts or even intra-personal intelligence. This refers to a business entrepreneur’s capacity for successful diagnosis of their personal strengths and weaknesses. Survival in the business world is tied to an entrepreneur’s ability to know their own motivations.

 Using the aforementioned skills to establish new insights and strategies is crucial to long term prosperity. Self aware entrepreneurs know the areas in which they are weak and surround themselves with people who can help to compensate for these weaknesses and give them the opportunity to find happiness and fulfillment in whatever they do.

  1. People Smarts

 This is also called interpersonal intelligence, which is certainly not to be confused with intra-personal intelligence. People smarts are the professional embodiment of having strong social skills and knowing how to relate to the people around you. Entrepreneurs with people smarts tend to have more success, since it is much easier for them to establish an open line of communication with their potential clientele.

They possess the unique ability to read people and intuitively sense their internal motivations. Displaying interpersonal intelligence means providing support where needed and learning how to effectively negotiate. People with this type of intelligence can read people, because they sincerely enjoy being around them.

  1. Linguistic Intelligence

Business entrepreneurs who display a strong level of aptitude in linguistics are those who have a high capacity for learning new verbiage and applying it to their own pursuits. They are effective communicators, have advanced reading and writing skills and a knack for storytelling.

This skill set helps would be business tycoons to rally their team, establish quality communication with consumers and write detailed business plans.

Entrepreneurial intelligence is comprised of several different forms of smarts. Those who achieve their true objectives in the business world are able to draw from each type and make decisions based on individual situations, as opposed to a set way of thinking.

If you are questioning whether you are intelligent enough to be an entrepreneur, what you really need to be asking yourself is whether your areas of intelligence are varied enough to adapt to all of the different pitfalls and setbacks that will arise along the way.

Visit our website www.LNTGLOBAL.com for our most comprehensive database of business for sale. Our services include: business valuation, buy business, sell business, takeover, franchise business and business consultation. Talk to us today about your needs, your trusted Singapore business broker. Call us today at +65 63569138 or Whatapp/SMS/Wechat us at +65 98555 850. LNT Global Singapore.

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