Not Every Negotiation Is Meant To Be

In our ideal world, business deals would always be wins. Every client we contact leaps at the opportunity to work with us (at full asking price!), each vendor we get a quote from comes in under target (and throws in a few bonuses!), and every agreement moves swimmingly from hello to handshake.

But in reality, our businesses aren't quite such smooth sailing. Despite best efforts and investing all sorts of energy we can end up stuck in discussions that aren't going anywhere. And then what? Do we keep trying? Settle for whatever deal we can cobble together? Or do we walk away - and live to negotiate another day.

We'll be taking a look at how to make that decision - how do you know when it's time to walk away from a negotiation? Read on to find out...

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Quick Guide: When Can You Negotiate?

Can I negotiate this? Should I negotiate this? Have I pushed too far? Or not far enough…?

The answer to each of these is a phenomenally frustrating “It depends”.

It can be difficult to decipher exactly when you should be asking for a change to an agreement, or a better price, or even a different method of engagement with a client or a vendor. Here, I’ve pulled together some guidelines on how to tell if you should pursue a negotiation…or back off. Read on to find your path forward.

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4 Questions That Will Maximize The Value Of Your Deals

Dollars, Euros, Yen, Pesos, Pounds...as an entrepreneur or small business owner it can be hard to think of anything as important to our businesses as the money. What do we want more of? Money. What do we want to spend less of? Money. But what about running our businesses, and negotiating with our clients and partners so that we have more of other things.

More time. More energy. More flexibility. 

There are many elements at play in a negotiation, and taking stock of where the value is for you and your business is key in achieving your best yet results. Here, you'll learn the key questions to ask in order to uncover potential value.

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Negotiation Is Not A Race (why it's ok to slow down, have a break, or take a step back in your business)

Measure twice, cut once. Look before you leap. Slow and steady wins the race. All valid…so why do we treat negotiations, and our businesses like a race of closing, signing, launching and shipping?

I come with two settings – All In and No Way José. I simply cannot half-ass anything when it comes to my business, or life…and here’s why that’s ok by me.

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How To Admit Mistakes The Right Way

Oh crap. You’ve goofed. A mistake has been made and you’re mighty embarrassed by it. What do you do?

 

What you want to do is hide under the covers and try and pretend it never happened…and hope no one will notice.

Sigh. But we all know that’s not the best way to handle making a mistake (after all, ‘hope is not a strategy’). 

Here’s your 3 step process to how to admit that you’ve made a mistake, and how to make it right.

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How To Avoid Getting Trapped In A Bad Contract

Binding agreements. Our contracts outline what our responsibilities are, how they’re to be performed, when, by whom and – the highlight – how much it’s going to cost. Entering into a business relationship without a contract can be risky. But so can signing one if it doesn’t have all the right ingredients to protect us.

 

One of the biggest questions to ask yourself before signing a contract is “What if…?”

“What if my business changes?”

“What if the client needs more from me?”

“What if demand goes through the roof?”

The clauses that help cover you in these instances are what I like to call the escape clauses. The ones that let you re-open a negotiation to change terms that no longer work for you, and the ones that give you an opportunity to say goodbye.

Let’s look at how these clauses can come into play for your contracts.

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Professional Communication: To swear? Or not to swear?

The first time I swore was while on vacation in Florida with my family. I was about 13, and had dropped my copy of Wuthering Heights into the hotel pool. As it landed, a great big s-bomb flew out of my mouth. I looked at my Dad, and it was one of those moments where you’re filled with fear…but also pride that you’ve somehow crossed over from childhood to adolescence.

My repertoire has expanded since then, and frankly, sometimes I surprise myself. But, I still consider myself to be poised, polite and professional…so I choose my audiences and timing carefully.

Is it appropriate to swear in a negotiation? Does it hurt your cause? Or can it actually move you forward? Let’s take a closer look at the 3 things you need to consider before dropping a bomb…

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Why You Need To Negotiate

To run your business – whether you’re a fabulous personal stylist, have the hippest café in town, or spend your days bringing a smile to clients’ faces with your beauty care – there are certain things you need to do. Have a great idea. Communicate with potential customers effectively. Work your buns off.

And negotiate.

Sure, you can make sales, bring in revenue and deliver great service to all of your clients…but that may just be ‘good enough’. Negotiation is how you move that needle towards ‘great’.

You – yes you – need to get negotiating…here’s why.

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