Garage to Global Archives - Page 2 of 2 - Dr. Ivan Misner®
Ask a Favor

When to Ask a Favor (classic video)

When is the right time to ask a favor? Building a relationship takes time, and cashing in your relationship capital before it has earned enough interest can be devastating.

The following video is classic rebroadcast of my “Ivanism” Garage to Global series, hosted by Entrepreneur.com, where I expand on catch phrases I have used frequently over the years. Originally published on March 30, 2016.

In this video, I discuss how to identify and prepare for the appropriate time to ask for a favor within the context of a business relationship. Social capital is a key factor when it comes to asking for favors from others.

Most of us have been in a situation where someone has asked for a favor before the social capital to make that kind of request. If you want to amass financial capital, you have to invest and grow your assets. Social capital works the same way. You have to invest before you can withdraw.

Throughout my career, I have had a huge number of folks come to me and ask me to promote something for them. The thing is the majority of those who contacted me had never even met me, had never had a conversation with me. If they did, they met me once and we had the briefest of conversations. They never invested in the relationship and yet they wanted a withdrawal from the relationship.

You may be shocked at the level of personal knowledge required for a deep referral relationship. You may want to argue that referrals should be all about business. I completely disagree. It takes a lot to develop this type of relationship. Those who do will certainly succeed at building a business from referrals.

When Is It Appropriate to Ask for a Favor?

So the answer to this question of when should you ask for a favor, before you ask for a withdrawal, make sure you make an investment and build a deep referral relationship.

Ignorance on Fire

Is Ignorance on Fire Ever a Good Thing? (classic video)

The following video is classic rebroadcast of my “Ivanism” Garage to Global series, hosted by Entrepreneur.com, where I expand on catch phrases I have used frequently over the years. Originally published on May 31, 2016.

I know, it’s a strange concept: Ignorance on fire is better than knowledge on ice.” Most people read that statement and think, someone who’s excited but ignorant can do more harm than good. I’m here to tell you that the opposite of your intuition is true. That’s right–and you’ll see why below.

Ignorance on fire

One thing I have learned over the last 30 years is I can teach people how to do something.

  • I can teach them how to network.
  • I can’t teach them to have a good attitude.
  • I can’t teach them to have a fire in your belly.
  • I don’t have time to send them back to mom to get retrained.

The only thing better than ignorance on fire is knowledge on fire. So as you develop skills and you develop knowledge, don’t lose that fire. Hang on to that.

I would rather have a member in BNI who really doesn’t know how to network but they are committed versus a member who says, “Yeah, I know how to do this,” but they are not committed. Ignorance on fire is better than knowledge on ice. The only thing better than that is knowledge on fire.

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