In your business, do you feel like it’s all work, little personal time, and less profit than you deserve? Enter the Exit Mindset podcast. The Exit Mindset gives you a series of principles and information that will help you get the profit, company valuation, and work-life balance you want. Whether you are looking to keep your company forever or interested in selling it at some point down the line, this podcast will work with you in helping you achieve the business you always wanted.
https://www.exitmindset.com/podcast/
episode 7: The Power of Negotiations and Persuasion
This episode explains the power of negotiation and how it can effect your business. In your business, you use it to persuade and compromise with your team, your colleagues, your vendors and strategic partners. Whether it is in time, services or costs, mastering the power of negotiation is crucial.
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Key Links
- Sign-up for your FREE COPY of Exit Mindset (Releasing soon!)
- http://exitmindset.com/
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Defining Negotiation
- Do you find yourself stuck at an impasse with another person?
- Negotiations require compromise.
- Negotiation is an art form that can be learned.
- As a business owner you negotiate with your employees, daily.
Changing Your Perspective
- You have to know the objective you want to meet.
- Don't be counterproductive and focus on just your wants - you need to compromise.
Understanding THEIR Perspective
- Find out what the other party wants. Knowing more helps them to see you aren't just looking to get your way.
Repositioning the Conversation
- If pricing talks stall, this is the time to shift the focus of the negotiation.
- Take a different posture to find different opportunities to give both parties what they want.
Mastering Your Negotiation Strategies
- The Principle of Rock Bottom
- The Power of Silence
- Negotiate Deadlines with Empathy and Wiggle Room
The Bottom Line
- Working with other people , you will need effective negotiating skills to achieve the results you want.
- Action is everything. Use it or lose it.
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- The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
- For more information, please visit ExitMindset.com.
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We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.