<div class="bbWrapper"><blockquote data-attributes="member: 17596" data-quote="chrisbiz4444" data-source="post: 369795"
class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch">
<div class="bbCodeBlock-title">
<a href="/community/goto/post?id=369795"
class="bbCodeBlock-sourceJump"
rel="nofollow"
data-xf-click="attribution"
data-content-selector="#post-369795">chrisbiz4444 said:</a>
</div>
<div class="bbCodeBlock-content">
<div class="bbCodeBlock-expandContent js-expandContent ">
<b>Does a low score really put a cap on your ability to become successful in business?</b>
</div>
<div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div>
</div>
</blockquote><br />
If you have an IQ of 25, your ability would be pretty damned capped, so the answer is obviously yes. However, that's not really what you were asking, right? Maybe better questions would be, "what's the minimum IQ you need to have a reasonable chance at being successful in business?" or "how much advantage does having a higher IQ give you?" But it's really just an academic discussion, because what's the actionable result from that conversation? Are you going to decide not to go into business because you don't think your IQ is high enough? or will you be super confident because you find that people with higher than average IQ's are somewhat more successful?<br />
<br />
So about that academic discussion, a quick google doesn't turn up anything useful about correlating what we would call success to IQ. All of the quick hits seem to focus on average income levels, net worths, and % change of being self employed.<br />
<br />
<a href="http://www.ncsociology.org/sociationtoday/v21/merit.htm" target="_blank" class="link link--external" rel="noopener">http://www.ncsociology.org/sociationtoday/v21/merit.htm</a><br />
<blockquote data-attributes="" data-quote="" data-source=""
class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch">
<div class="bbCodeBlock-content">
<div class="bbCodeBlock-expandContent js-expandContent ">
IQ scores only account for about 10% of the variance in income differences among individuals (Fisher et al. 1996)
</div>
<div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div>
</div>
</blockquote><br />
<a href="http://www.newscientist.com/article/dn11711-smarter-people-are-no-better-off.html#.U5MjIvm1YUo" target="_blank" class="link link--external" rel="noopener">http://www.newscientist.com/article/dn11711-smarter-people-are-no-better-off.html#.U5MjIvm1YUo</a><br />
<blockquote data-attributes="" data-quote="" data-source=""
class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch">
<div class="bbCodeBlock-content">
<div class="bbCodeBlock-expandContent js-expandContent ">
The median net worth for people with an IQ of 120 was almost $128,000 compared with $58,000 for those with an IQ of 100.
</div>
<div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div>
</div>
</blockquote>
<blockquote data-attributes="" data-quote="" data-source=""
class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch">
<div class="bbCodeBlock-content">
<div class="bbCodeBlock-expandContent js-expandContent ">
a person with a score of 130 (in the top 2%, in terms of IQ) might earn about $12,000 more per year than someone with an average IQ score of about 100.
</div>
<div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div>
</div>
</blockquote><br />
Of course, none of that really tells us anything about entrepreneurial success. My personal thought is that so long as someone has a high enough IQ to avoid serious cognitive problems, that's all that really matters. You might have slightly better chances of success as your IQ increases, but it's not as if you can rush out and get an IQ transplant. I imagine that as your IQ increases, you also become more aware of the risks involved and become somewhat less likely to take those chances. Loss aversion is typically a stronger motivator than reward seeking, so if you're aware of more risks, then (perceived) stability wins out (on average). I would also guess that money becomes somewhat less of a motivator as your IQ increases.<br />
<br />
So in short, the higher IQ is, the better your chances of success but the less likely you will be to spin the wheel.</div>
