This article discusses the types of intelligence that can have a significant impact on your success in entrepreneurship. Many people feel they are not smart enough to be an entrepreneur, but there seems to be no convincing evidence that a high IQ is a prerequisite for this type of lifestyle.
We all know successful businesses that were started by those who started entrepreneurship for the first time. Entrepreneurs who have been kicked out of college, and based on many sources, we know that street smarts (experience) usually always trump book smarts (intelligence).
Another perspective is that multiple intelligences actually exist and that we all have strengths and weaknesses in these measures.
It seems that the most successful entrepreneurs are those who have the widest range of interests, skills, and experiences (street smarts) while having the most information in any field is not so important.
Below are the basic definitions of the types of intelligence, or better to say, the 8 most common types of intelligence that most people are potentially gifted with. These intelligence are prioritized based on my view of their application in entrepreneurship:
Types of intelligence
1. verbal intelligence
People who have high linguistic intelligence show their high ability in using words and languages. They are generally good at communicating ideas, reading, writing, and telling stories. Good entrepreneurs need these skills to lead teams, sell ideas to clients and investors, and write business plans.
2. People’s intelligence (interpersonal intelligence)
This intelligence is a set of social skills. Entrepreneurs with high social skills will interact more effectively with all their clients. They are able to understand the feelings, motivations, and moods of others; Gain support, and negotiate effectively. They love working with people.
3. Individual intelligence (intrapersonal intelligence)
Intrapersonal intelligence is the ability to understand your own strengths, weaknesses, and motivations, and to apply these insights to planning and strategy. In order to find happiness and satisfaction, the good entrepreneur must be able to surround himself with business partners and advisors who complement his skills.
4. Mathematical intelligence (logical thinking intelligence)
Logical-mathematical intelligence is the ability to calculate, count, and think logically. Entrepreneurs use their strengths in this area to balance their passion for a particular solution with the special preparation and financial resources necessary to build, launch, and scale the business to succeed.
5. natural intelligence
This type of environmental and cultural vision is deeply rooted in the sensory, moral, comprehensive understanding of the world and its complexities. I believe entrepreneurs use this intelligence to spot new markets earlier than others, predict global trends, and focus on launching effective marketing campaigns and demographics.
6. visual intelligence (spatial intelligence)
Spatial intelligence is the ability to think in 3D and visualize using the mind’s eye. The main talent of those who have this intelligence includes mental imagery, 3D thinking, and active visualization. It is easy to see how important this intelligence is for entrepreneurs in marketing, solution design, and product branding.
7. physical intelligence (kinetic intelligence)
This intelligence includes a sense of timing and optimizing skills through mind-body coordination. Business entrepreneurs, who are also good at inventing and building new and innovative products, are particularly strong in this area. Being strong in this area makes them have expertise in leadership and public speaking.
8. musical intelligence
Musical intelligence is the ability to recognize pitch, rhythm, sound color, and tone. In addition to being key in any business directly or indirectly related to music, this skill helps entrepreneurs become better listeners, coordinate events, and develop marketing plans. Also, people who have musical intelligence are usually logical.
Every aspiring entrepreneur should examine his mindset in addition to his intelligence. A good mindset is one that sees challenges as exciting rather than frightening, sees obstacles as opportunities to learn, and believes that with hard work and perseverance, an obstacle can be overcome.
If you have this mindset and see even a few of the multiple intelligences described in yourself, don’t let anyone, including yourself, tells you that you’re not smart enough to be an entrepreneur.