Why People Fail In Business & Career
(What You Can Do About It)
The Wisdom Man
Why is it that some people make it on top of their careers while others fail? Why is it that some entrepreneurs go on to be successful business owners while others fail? Most employees start their career with high hopes and expectations, but in the long run, they become bored, discouraged, and the worst, emotionally drained. As for entrepreneurs, surprisingly, the case can be the same. Studies and books on emotional intelligence (Emotional Intelligence: Why It Can Matter More Than IQ and Emotional Intelligence 2.0) show that employees and entrepreneurs with a good mindset and who have developed healthy relationships with their colleagues, employers, partners, and employees are the ones who succeed in their chosen career or business direction.
There are many reasons why people fail to achieve their career or business goals. It may be a lack of skills and abilities, but many will agree that low emotional intelligence is the common reason] of career failure. Successful people understand the significance of emotional intelligence in business success.
Here are some of the reasons behind business failure that are also linked to emotional intelligence.
a. Lack of focus.
To be successful in anything, you should have a goal. For you to establish a clear goal, you should be aware of things that will make you happy and things that you think are unacceptable. You need to focus on your goal to achieve it. However, sometimes, an employee will experience difficulties that may result in disappointment. A person with poor emotional intelligence usually loses focus or totally forgets his or her goal because of failures.
On the other hand, a highly emotional intelligent individual believes that failures and struggles are part of life, thus he or she will most likely focus on their goal and move on. They know the role of emotional intelligence in business success. They will welcome and accept their feelings toward failures, then they will take alternative actions to achieve their goal. Quitting will rarely if ever be a choice.
b. Has no harmonious relationships with employees, partners, peers, and colleagues.
In every organization, each member] is expected to work with the team. The team members should work together for the benefit of the organization, and of everybody. While technical skills and high I.Q are essential in a company, emotional and people skills are twice as important. It is essential for everyone to understand each other and work together harmoniously. To achieve emotional intelligence in business success, most organizations (size doesn’t matter) plan team building activities.
c. An employee’s inability to like or respect their employers.
Job seekers who already experienced working in a company have reasons why they are applying for another job. Most of the reasons are unhealthy relationships with their employers. They usually reveal during job interviews that they could not stand the attitudes of their employers. An employee should always understand that each person is unique and just like them, their employer also has emotions.
Nowadays, employers are aware of emotional intelligence’s role in employees’ performance and turnover, so they usually try to hire those applicants who are emotionally equipped to overcome challenges, feedbacks, and disappointments in the company. They always advise their employees about the importance of emotional intelligence in career success.
d. Inability to endure the tough competition.
Admit it or not, some people are lesser or greater than the others. It is true even in an organization or company. People sometimes compete for their most coveted positions. In this manner, one should be aware of the advantage of high emotional intelligence in business success. A person should accept competition for their own growth and improve their emotional intelligence to be prepared for the challenges of achieving business and career goals.