Asking For Expert Advice From Your Personal Mastermind Group - Dr. Ivan Misner® % %

Asking For Expert Advice From Your Personal Mastermind Group

Every good business network can become a personal mastermind group that is accessible by its members to gain knowledge and information from the other members. Even though you are networking to receive referrals for your business, you also gain access to this diverse group of business professionals in your network. If you have not been asking for expert advice from your fellow members, you are missing out on an amazing benefit: a personal mastermind group.

A powerful business network not only can help you expand your business, it also can help you improve your business. There is nothing more powerful than having a room full of people who are ready and willing to help you succeed as your personal mastermind group. However, asking for expert advice from your fellow members requires a little finesse. Here are a few thoughts to ponder when you want to ask someone in your network for advice.

Five Tips to Consider Before Asking For Expert Advice

1. Before you ask for something, give something.

It is important to build some social capital with the people in your network before you start asking for favors. Seeking help from people before you have given anything is a little like trying to get a withdrawal from your banking account without having put anything into it first.

2. Restrict your requests for advice to that person’s area of expertise.

Otherwise, you risk putting a fellow network member on the spot and making him or her uncomfortable.

3. Do not have hidden motives.

If network members believe you are seeking advice as a subterfuge for promoting your own services, they will not only be offended and unwilling to help you, they may also feel less confident about your ability to help them.

4. Avoid potentially controversial and sensitive issues.

This may sound like common sense, however if you delve too far into the personal topics, you could cause discomfort and damage the relationship.

5. Do not ask for advice that people would normally charge you for.

A quick question or two is fine, however you want to avoid excessive questioning. There is a difference between soliciting free advice and encroaching upon asking for free services. You do not want to do anything that will jeopardize the strong business relationship you are building with them.

The Rewards When Someone Is Asking For Expert Advice

Receiving a request for your expert advice can lead to so much more. An owner of a small creative-services firm wanted to relocate to another state. However, she became frustrated with the difficulty in communicating with the various state agencies that were two time zones away. Her plans came to a standstill.

The business owner decided to ask for expert advice from the certified public accountant (CPA) in her networking group during an upcoming one-to-one meeting. She provided a brief overview of her situation to him. The CPA was very knowledgeable about the state that she wanted to move to. The business owner was rewarded for asking for his help. He quickly provided her lots of expert advice on moving her business.

Furthermore, the CPA was also rewarded for giving his expert advice. The owner of the creative services firm hired the CPA to help resolve her problems with the move. Then, she transferred all of her financial and record-keeping functions to his firm. Plus, she also referred to him three other business owners as potential clients. In return, the CPA connected her with a major new customer. Surprisingly, all of this happened from a single request of asking for expert advice from one member of a networking group to another. Givers Gain®

Build your business networking group and grow your personal mastermind group too. Think about the expert advice you would love to discuss with someone. Then, you and your fellow chapter members can invite these various business professionals to visit your chapter. If one of them decides to join your chapter, you will have someone to build a strong relationship with to turn to for the expert advice you seek as part of growing personal mastermind group.

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