The Business of Expertise

I loved The Business of Expertise How Entrepreneurial Experts Convert Insight to Impact + Wealth. Author, David Baker is brilliant. The content of this book will make you stop to question your brand's positioning as you strive for expertise. As Baker points out, "If you are positioned well, then they find very few substitutes."

The Business of Expertise contains plenty of wisdom and actionable steps you can take to becoming a true expert. He also includes important advice about self-confidence and self-improvement.

Here are some takeaways directly from the book. I highly recommend you pick up a copy for much more wisdom, context, and steps for you to achieve expertise in your space.

25 Takeaways from The Business of Expertise

  1. Personal relationships are not about giving in order to get.

  2. Good positioning makes you non-interachangable.

  3. If you are positioned well, then they find very few substitutes.

  4. Expertise blends knowledge with self-awareness of that knowledge.

  5. You need to earn your positioning.

  6. We gravitate to where we excel.

  7. Clients are drawn to confidence.

  8. If I find a much lower price than I would expect, I know that they don’t have much confidence.

  9. Confidence also comes when we say “no”.

  10. You should always have a list with getting to “know” topics on it.

  11. People don’t die “doing what they love” unless they love dying.

  12. Just doing what you love and making no money does nobody any favors.

  13. Just because you are good at something, even enjoy it, doesn’t mean that you are good at making money doing it.

  14. Make expertise the addiction.

  15. Money is the currency of respect, and the customer of an expert treats the advice more seriously if it comes with a hefty bill.

  16. Consultants who interview employees at client engagements look brilliant early in the process.

  17. Without strong positioning and the opportunity that stems from effectively applied lead generations, you are stuck with whatever opportunities fall in your lap instead of making your own success.

  18. Don’t add additional goals to your life until you decide which ones you’re going to drop. There is as much power in stopping something as there is in starting.

  19. Ask yourself “Okay. What is my role in the world?” - ask often.

  20. The only two kinds of experts who aren’t generally busy are new to the game or are incompetent.

  21. Choose between vertical and horizontal positioning.

  22. A great client may bring you new clients through career changes.

  23. Positioning is public and must be declared.

  24. Clients want to work with experts in demand.

  25. You’ll never get discovered and followed unless you’re an expert, but you’ll never be a good expert unless you’re grounded.

Pick up a copy of The Business of Expertise today to dive into the takeaways I shared above.

Setting and Achieving Your Goals with Overlap

How to set goals

Imagine yourself in a car at night, driving down a long, barren road with flat empty fields along both sides. You have been driving for many hours, and you have no idea where you are headed, or if you will ever reach your destination. You don't know this because you never decided where you are going. You are just driving with no plan.

You might be enjoying the feeling you get from the freedom of the open road. However, eventually, you will begin to get frustrated and feel stressed by the uncertainty of not knowing where you are going.

Setting yourself personal and professional goals will help you set and reach your destination. If you have no goals you will eventually run out of gas along the side of that barren road.

Don't quit your day job.

I was reminded of the importance of goals as I read Sean McCabe's new book, Overlap: The Ultimate Guide to Turning Your Side Passion Into a Successful Business. McCabe is an entrepreneur who has had several successful businesses over his career. We met in-person at Jeff Goins' Tribe Conference recently and spoke more about his book. He wrote it to encourage readers to go after what they truly want to do professionally. He doesn't preach what others do about quitting your day job. Instead, he encourages you to carve out time to work on a side business that can bring you joy and reward you financially. This all begins and ends with the goals you set for yourself.

In Overlap, McCabe describes his own goal of writing the book and how he completed it in just one month. He describes his process of writing 80,000 words over two weeks. McCabe includes a clever strategy to help readers set and reach their goals.

A strategy to achieve your goals.

Begin by creating a long list of all of your life goals. McCabe recommends determining which of the goals on your list will have the biggest impact on your life if accomplished in one year. He then says to start a new list and write that one goal on the top of the page. Follow this with twenty bulleted items that will get you to accomplish that goal. Dedicate one day for each item and repeat this for twenty days. 

I would add that you might need some extra time on some of the items, but you will be surprised how little time it actually takes to complete them when you write them down. It also helps to reconsider watching YouTube and Netflix during this period because focus is key.

McCabe writes, "Successful people know what they want, and they invest every ounce of their energy in going after that one thing. You can achieve many great things in life, but you can achieve only one truly great thing at a time. If you try to pursue many goals at once, you will not succeed at any of them." He adds that you should visualize achieving your goal. He says to, see it, actualize it, and internalize the fact that it will happen. Never feel you have failed to reach your goal, just that you haven't achieved it yet.

Make an on-going list of what is effecting you positively and what's doing so negatively. Doing this will help you understand what is slowing you down from achieving your goal and what is helping.

Communicate your goals.

A key message in Overlap is to communicate your goal every day to everyone in your life. Make them associate you with the goal you plan to accomplish. It needs to be on their minds when they think of you. You can even add the people in your life to your list. Some will support you all the way, while others may try to talk you out of it or even speak negatively of your goal.

McCabe writes, "If the people in your life don't know what your goal is they can't help you achieve it." He goes on to remind his readers that we need to know the goals our friends have and do our best to support them as well. As I always say, networking is a two-way street.

Why not pull your imaginary car over right now? Fire up Google Maps or grab the old Rand McNally from the glove box. Choose your destination. You are far more likely to make your journey a success when you know where you want to arrive.

Leave a comment with your goal. Maybe we can help you get there.

How to Book Yourself Solid

I have had the good fortune of spending time with best-selling author, speaker trainer, and keynote speaker, Michael Port. He is a warm, wise and sincere guy - my kind of people! 

I recently read and loved his best-selling book, Book Yourself Solid: The Fastest, Easiest, and Most Reliable System for Getting More Clients Than You Can Handle Even if You Hate Marketing and Selling. I have already seen an increase in new consulting clients as a result of reading and working through the excerises in his book.

Here are some of my takeaways from Book Yourself Solid. I encourage you to pick up a copy and dig right in today.

17 Takeaways From Book Yourself Solid

  • You are the company you keep. 

I've read this in many of my favorite business and self-help-type books. It's true. Choose your friends wisely. Ditch them if they don't support you.

  • Your ideal clients are those individuals who energize and inspire you. 

This is why I typically work with small business owners and small teams. It always seem like the small businesses are the most passionate about the work they do. That passion always gets me excited to serve them.

  • Being everything to everyone just isn't possible. 

I'm guilty of trying to please all of the people all of the time - in the past. Michael serves his readers a good reminder why this doesn't work.

  • It’s much easier to carve out a very lucrative domain for yourself once you’ve identified a specific target market. 

This is something I have been doing with NetworkingForNicePeople.com. I wrote my book all about networking so I have returned to the topic to teach and build a community. My target market is anyone who wants to jumpstart their career or grow their business. 

  • If your potential clients are going to purchase your services and products, they must see them as investable opportunities; they must feel that the return they receive is greater than the investment they made.
  • The secret to having a successful business is to know what your clients want and deliver it. 
  • People buy results and the benefits of those results. So think about the solutions you offer and the subsequent results and benefits they provide.
  • View yourself as a leader in your client’s life.
  • Your brand is about making yourself known for your skills and talents. More than that — your brand is about what you stand for.
  • Establish an advisory board.

I'm finally in the process of making this happen officially in a private mastermind. 

  • Read one book a month.

You'll know I did this from reading these mini book report posts. Yes, I admit I have been falling behind. 

  • When you have made the effort to speak and write directly to your ideal client, he’ll feel it.
  • Perform daily tasks that will keep your name in front of potential clients.

I do this with my writing here, at Networking For Nice People, in my email newsletters, and in my column in The Tennessean. I also use Contactually as my CRM to remind me to check-in with clients and follow-up. 

  • From a practical perspective there may be two simple reasons why you don’t have as many clients as you’d like: Either you don’t know what to do to attract and secure more clients; or You know what to do but you’re not actually doing it.

Guilty as charged with not doing what I know I need to be doing. I'm getting better at holding myself accountable though. The photos of my family in my office help keep me focused. 

  • Each day, introduce two people within your network who do not yet know each other but you think might benefit from knowing each other. 

I do this with my Daily Goals Worksheet. You can grab a copy here

  • Start by choosing one day of the week that you can focus on where and when you could be asking for referrals.
  • Instead of focusing on what I do, focus on what I can do for my clients.

Get a Copy of Book Yourself Solid

I pulled each of these quotes from Michael Port's valuable book because they stood out to me. I expect many (if not all) will stand out to you too.

Book Yourself Solid is a must-read book to help you grow your business. Michael Port is definitely somebody you should be following.