NEGOTIATION

Understanding

The primary objective of negotiation is not to do a deal… it’s to advance one’s business or situation through doing a deal! The greedy & bad negotiation method is to give next to nothing & to take advantage of the situation for a personal gain only and seriously... that's just bad business! Think about a kid trying to set up a lemonade stand, he will first try to figure out how to set up shop (AKA The stand), he will then try to figure out exactly how many cups of lemonade he can make with the ingredients he has and then try to figure out exactly how much he can earn, by selling it individually by the cup! You see, the kid goes through all the steps required to have a successful outcome and as adults, we too should understand exactly what we are dealing with, the requirements, the plan, the steps, what is desirable and exactly what we want to end up with or closest to in the immediate conclusion or long run! For other’s opinions and more information on this topic, check out Googles #1 top-ranked website @... https://www.inc.com/david-finkel/which-of-these-5-negotiation-rules-are-you-breaking-every-day-hint-its-costing-your-thousands-of-dollars.html and see what they are saying!

Preparing Well

When it comes to negotiation, prepare well! Don‘t be derailed by problems arising from things you should have known & could have prevented in the first place! You should know that 90% of the negotiation process, is done before the first meeting, and before any meetings are scheduled, ensure that you know yourself well & especially your business! Try to have a clear picture and understandings of your strategies, financial situation, strengths, systems, and leverages! It will help you significantly in the negotiation process when you understand your style, products, services, technology, and networks that you have for resources when considering or attempting to cut a deal. You will want to learn and understand everything that you can about the people you are dealing with, such as your potential partner's culture, strategy, networks, systems, financials, management & markets they explore as this will give you a superior foothold in the negotiation process. Understanding what you are working and dealing with, will allow you to mitigate and ensure the corrective measures have been taken and are in place before any negotiation commencement! Always remember… effective negotiation is 90% attitude & 10% technique! For other’s opinions and more information on this topic, check out Googles #1 top-ranked website @... https://neilpatel.com/blog/business-negotiation-skills/ and see what they are saying!

Stay Openminded

We all have ways that we like doing things and sometimes our stubbornness can get in the way, although, it is very important that you listen well and keep an open mind when dealing with other people, as it will give you a better understanding of where they are coming from and who knows, maybe what they are bringing to the table might give you that edge or an additional boost that you have been searching for... it's hard to tell the future! Most people like to believe in their sense of intellectual virtue and that is fine. Although, in many ways, it is important to be able to have trust and faith in your own choices and it is also good to remember that what might seem like being resolute and committed to certain ideals, maybe a form of closed-minded stubbornness which can massively affect your outcomes! For other’s opinions and more information on this topic, check out Googles #1 top-ranked website @... https://www.karrass.com/blog/tag/have-an-open-mind-in-negotiation and see what they are saying!

A Win Win Deal 

When you learn how to master your emotions and take a step back from what you are doing or are about to do, kinda like a big, out of the box picture point of view, you can take a grasp on what you are doing as a whole! This will help you understand what you have, what's going on, and more importantly, a sense of slight anticipation of what might be the outcome! When it comes to excellent negotiation strategy, the goal here is to ensure the best that you can that everyone involved comes out with a win! I remember an episode of shark tank where one of the sharks had offered a guy X amount of dollars with repayment options plus interest and 51% of his company to sign with him! This is a perfect example of a lousy deal for that guy and a steal for the shark but hey, I guess that's why they are sharks right! Either way, when your interests are true and you negotiate with integrity, 9 times out of 10 you and everyone involved will have lots of time to catch up when popping the champagne bottle corks! Always remember... if a deal feels bad to you and you will be losing whether it be in the short or long run...SAY NO! For other’s opinions and more information on this topic, check out Googles #1 top-ranked website @... https://www.inc.com/rhett-power/13-win-win-tactics-in-negotiating.html and see what they are saying!