The Unpleasant Truth About Asking for Favors

I recently intercepted a memo from a partner of mine. It appeared to be a nothing-much memo regarding a not-all-that-important request for a favor from a business associate – but I intervened because I thought it could ultimately be damaging.

Mutual back scratching, as I’ve often said, is a big part of good business. All the successful business relationships I know of – at least the ones that last – involve a lot of back and forth. I do such and such for John, and sometime in the future he will reciprocate. If he doesn’t, I cross him off my list. Unless I’ve done him a foolishly big favor in the first place, losing my good will costs him more than he gained from my initial service.

It’s all about give and take.

Smart businesspeople (those who think long-term) don’t demand an immediate quid pro quo. They are happy to let the credits add up by helping out where they can. But unless they are saint-like, they do keep a running tab in their heads. And when the time comes to ask for service in return, they expect it.

That’s the way it should be. And when businesspeople act that way, they prosper. Just as important, the products and services they offer tend to improve because of the exchange of information and technology. And this benefits their customers.
But not every businessperson is that smart. Many fall short when it comes to cooperation in general and favors in particular. If you randomly selected a dozen business owners and lined them up against a wall, you’d find a considerable range of enlightenment as far as cooperation is concerned.

And that’s why you have to be careful when you ask for favors. Because the person from whom you are requesting a service may not think of it the same way as you do. Such was the case with the favor my partner was about to ask in the memo I intercepted.
The favor was for the other company to do some printing and mailing for her – things she would have been happy to do for them. But what I think she failed to understand was the reaction her request was likely to cause. I happen to know the people who run that business. I’ve worked with them for years. And though they are good people, they have a tendency (in my view) to overvalue their work and undervalue that of others.

There was another factor, too, that she failed to take into consideration. My partner’s view of the favor she was asking was somewhat distorted. Because she runs a smaller business, it would have been fairly easy for her to personally manage the printing of a job for them. But since their operation is larger, a similar task would have involved several people … and required checks and double-checks… with no organized way to account for the work done.

Between my partner’s honest misunderstanding of what she was asking and the tendency of those she asked to overvalue their contribution, trouble was brewing. They would have done what she asked, but my partner would have incurred a big “You owe me.” A debt she wouldn’t recognize – which would have made matters worse.

My advice to her?

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The Unexpected Side Effects of Making Money (and How to Avoid Them)

My life changed dramatically and immediately when, in 1982, I decided to make “getting rich” my number one goal.

Within a few weeks of that decision, I convinced my boss to raise my compensation from $35,000 to $75,000. A year later, I was a bona-fide millionaire.

My status changed too — from just another good employee to a junior partner and employer of hundreds. This made me more confident. And that confidence had a noticeable effect on everyone I dealt with. They took my opinions more seriously. They gave me more respect. Most memorably, my lifestyle changed. Instead of eking out a modest living, paycheck to paycheck, I was able to buy a car without asking how much it cost.

But making this change happen had two negative consequences:

1. I gave up thousands of hours of good times with friends and family.

2. I did a few things I wish I hadn’t.

When I set that goal, I knew there were more important things in life than money. But I suspected that I would be more likely to achieve it if I made it my number one priority. That turned out to be terribly true. There is enormous power that comes from saying “I will put this goal above all others.” It is impossible to understand that power until you have experienced it.

Most people won’t even dare to try. And maybe that is because most people have more sense than I had back then.

I didn’t recognize how monomaniacal I would become. I didn’t anticipate how willing I would be to put my family second. Most of all, I didn’t realize that I would be making some ethical concessions along the way. When my partner and I were accused of misleading advertising, I was actually shocked. All of our copy had been run by lawyers. It was accurate to the letter of the law. How could they call it misleading?

Because some of it was.

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