Entrepreneurship is an alluring and challenging journey.
When I worked in an office environment, I craved the independence and aligned values that I knew existed in the entrepreneur world. Each time I stepped into entrepreneurship, I wanted to know everything I could learn before taking that terrifying leap, and while books and podcasts were a great start, I really needed advice from someone more experienced.
Seeking advice from experienced mentors can build your confidence, help you see the bigger picture, and anticipate hurdles you may have to clear. However, knowing how to ask for advice respectfully and effectively can make all the difference in forming meaningful connections and receiving valuable insights.
There is a Correct Way to Ask for Advice
Once you identify who you want to ask for advice, it’s time to mindfully plan your request and what you are going to offer as a gesture of gratitude.
While it may seem easy to ask for advice in the middle of a friendly conversation or when you meet someone interesting at a party, it’s not usually appropriate to do so. Asking for business advice without consent can lead to feelings of resentment, being taken advantage of, or may actually burn a bridge before it’s built.
When you find someone you want to ask advice from, first consider a considerate and professional approach:
Contact info. If you meet someone new that you want to learn from, first ask if you could exchange information. Now you know their preferred method of communication!
Research. Before reaching out, take the time to research the person you’re contacting. Check LinkedIn, blogs, and interviews to learn about their background, expertise, and entrepreneurial journey.
Connect. Write an email (or whatever their preferred form of communication) outlining why you are reaching out, what your entrepreneurial goals are, and ask if they would be interested in meeting with you at a specific time and place (don’t leave it open-ended - this person probably has a full schedule!). Tailor your message to the individual you're contacting. Show that you've done your homework and explain why you believe their perspective would be valuable to you.
Schedule. This is a professional request, so it’s a good time to show up professionally. Send a calendar invite with all the details including physical or digital location, and an agenda if helpful.
Offer Something in Return
When asking for advice, always be mindful of reciprocity. While experienced entrepreneurs are often willing to help, acknowledging their time and expertise is crucial.
Here’s how you can reciprocate:
Offer some kind of value: Depending on where you are in your entrepreneurial journey, you might offer a place on your podcast, a blog post featuring their project, lunch, or simply coffee. No matter the size of what you are able to offer, the gesture will go a lot further than just a “thank you.”
Follow up: Express your appreciation for their willingness to share their knowledge and experience with you. After your meeting, follow up with at least an email thank you. If you have their mailing address, send a handwritten thank you.
Use Your Time Wisely
Time is our most valuable resource. Preparing for your meeting is crucial to help the person you’re meeting with feel valued and for you to get the most out of your time.
Prepare questions: Have a list of thoughtful questions ready before your meeting or conversation. This shows that you value their time and are serious about making the most of their advice.
Set expectations: Be clear about the duration of the meeting or call. Respect their time by sticking to the agreed-upon timeframe.
Pay It Forward
Giving and receiving advice and encouragement should never - and probably can never - be a true 1:1 exchange. Unless you are paying someone as a consultant or coach, the person giving you advice will always hold more value in the exchange than the person buying lunch or coffee.
As you progress in your entrepreneurial journey and gain valuable insights, remember to pay it forward. Here’s why it’s important:
Support others: Mentorship and support are crucial for aspiring entrepreneurs. Share your knowledge and experiences with others who are just starting out.
Build a network: Creating a culture of reciprocity within your network fosters stronger relationships and a supportive community.
Contribute to the ecosystem: By giving back, you contribute to the growth and success of the entrepreneurial ecosystem, creating opportunities for others to thrive.
As a woman entrepreneur, seeking advice can be a powerful tool for navigating the complexities of starting and growing your business. By approaching advice-seeking with respect, reciprocity, clarity, and a commitment to paying it forward, you not only gain valuable insights but also contribute to building a supportive network of entrepreneurs. Remember, every interaction is an opportunity to learn, grow, and empower others on their entrepreneurial journey.
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