Small Business Advantage Brief Week 2, 2017

The Downsides of Being Very Emotionally Intelligent

Leadership | By Tomas Chamorro-Premuzic and Adam Yearsley

Here at Modern da Vinci, we are firm believers in the benefits of developing your Emotional Intelligence (also known as “EI,” which is generally defined as having strong self-awareness, emotional management, and intrapersonal/interpersonal skills).  This article supports our position when it states that:

“thousands of scientific studies have tested the importance of EQ (note – EQ stands for Emotional Quotient, which is a way of measuring EI) in various domains of life, providing compelling evidence for the benefits of higher EQ with regards to work, health, and relationships. For example, EQ is positively correlated with leadership, job performance, job satisfaction, happiness, and well-being (both physical and emotional).”

However, the article goes on to question the limitations of having a high EQ, asserting that “most things are better in moderation, and there is a downside to every human trait.”  They specifically cite the following potential tradeoffs:

  • Lower levels of creativity and innovation potential
  • Difficulty giving and receiving negative feedback
  • Reluctance to ruffle people’s feathers
  • A well-developed ability to manipulate others
  • An aversion to risk

I don’t fully agree that all of these “weaknesses” are associated with high EQ.  For example, the ability to give feedback is typically associated with strong EI.  However, I do think the article is worth a read as it provides in interesting perspective on EI and potential areas for reflection and self-awareness.

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Tips For An Entrepreneur To Exit The Business Successfully

Business | By Aileron

Key Insights:

“Leaders need to prepare for the future of their company. “If that company is part of your identity, why not do succession planning?”
“We realized that before we could really move forward with strategic planning, we needed to know what was going to happen with the company. Once that was communicated to the company, it was like a weight lifted.”

The article goes on to highlight the 3 main types of transitions to second or third generation owners: 

  1. Internal transaction (handing down a business from one generation to the next, or it could be an internal sale where control is transferred within the company among its leaders); 
  2. External transaction (A strategic buyer is typically a buyer in the same industry); or
  3. Private equity groups: (PE Firms are buyers outside your industry).
“It’s never too soon to start planning, even if a business owner is unsure of what the exit will look like. “If owners can acknowledge that they do not know which of those 3 options they are going to choose when they do make the eventual transition, they can at least understand what those 3 types of buyers are going to look for, and what they—the owner—needs to get ready for.” 

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A New Tool for Stress Management in the "New Year"

Work/Life Balance | By Ryan M. Niemiec Psy.D.

Key Insights:

We need to “get good at stress.” This means to cultivate a mindset that stress is not a bad swarm of negativity that’s going to overpower and crush us. Rather, stress is energy that we can harness in the moment. We can direct the energy toward something productive.

Stress resilience is about having “the courage to grow from stress.” This does not mean we should be unaffected and untouched by stress. It means we can use stress to awaken our core human strengths.

Instead of telling people they need to learn to “bounce back” when a stressor occurs, we might encourage them to acknowledge and learn from the stress and discover how they might use their strengths to grow from it. 

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Outlook 2017 : Gauging Market Milestones

Our friends at Fellows Financial Group share three market expectations for the year ahead.

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