Don't Negotiate | Ep. #54

Summary: In Ep. 54, DON’T get caught up in emotions. When it comes to business negotiations, don’t let your emotions dictate your approach. Not only does it interfere with our judgment, it can lead to highly charged blunders that hinder or halt negotiations altogether. Stay calm and friendly, even if those you’re negotiating with aren’t. DON’T underestimate your worth. One of the biggest potential pitfalls of negotiating, especially for those new to business negotiations, is underestimating what you and/or your organization have to offer the other party. Write down your accomplishments or your organization’s strengths before going into negotiations, and keep them in mind as you advocate for what you want. DON’T have an “all-or-nothing” attitude. It’s essential to remember that negotiating, in business or otherwise, requires compromise. The best negotiation tactics are those that focus on developing a mutually beneficial deal for both parties. One-sided thinking is not likely to end with a successful deal, so make sure you know which items are essential to your position and which points you can concede. DON’T gloat after a win. If (or, hopefully, when) your negotiation tactics produce your desired outcome, act as professionally as you did throughout your discussions. After all, businesses change quickly. The person you gloated in front of yesterday may be the person you’re working with or reporting to tomorrow. DON’T underestimate anyone. Regardless of the number of people or appearance of strength and size (or lack thereof) on either side, don’t underestimate the power of a determined competitor—including you. Financial worth and business size may be powerful, but so are preparation, a solid plan, and a great attitude. ( You can follow me on Instagram- Sattyam03)