Negotiation Skills 3 Simple Tips On How To Negotiate

Negotiation Skills 3 Simple Tips On How To Negotiate

How can you improve your negotiation skills even if you hate to negotiate? if you’re afraid to get started with it even if you have no idea where to get started in this video I’m going to share with you three tips that you or anyone for that matter can begin using to improve their negotiation skills today.

00:00
how can you improve your negotiation
00:02
skills even if you hate to negotiate if
00:05
you’re afraid to get started with it
00:07
even if you have no idea where to get
00:09
started
00:10
in this video I’m going to share with
00:11
you three tips that you or anyone for
00:14
that matter can begin using to improve
00:16
their negotiation skills today hey I’m
00:19
Derek Halpern you’re watching social
00:20
triggers the place where you can learn
00:22
to leverage proven psychological
00:23
principles to get more of what you want
00:29
here’s the first tip intimidate the heck
00:33
out of everyone let me just walk into a
00:35
store scream at the top of your lungs
00:38
and demand a better price just kidding
00:42
alright let’s get serious for a second
00:44
here’s the first tip I actually stumbled
00:46
on this while reading to sell us human
00:48
by Dan pink before you sit down to
00:50
negotiate with someone you should take
00:52
the perspective of the person you’re
00:54
negotiating with I’ll explain Columbia
00:56
Business School professor and
00:57
negotiation expert Adam Galinsky
00:59
conducted an experiment where he
01:01
revealed interesting insights behind
01:04
what helps people close a deal here’s
01:06
what went down they got together 154
01:09
undergraduate students and broke them
01:11
into three groups each group was given
01:14
different directions on how to approach
01:16
the sale of a gas station the first
01:19
group the control group was told to just
01:21
negotiate the sale the second group the
01:24
empathy group was told to imagine how
01:27
the other person was feeling and the
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third group the perspective-taking group
01:32
was told to imagine what the other
01:34
person was thinking what happened the
01:37
control group in the empathy group
01:39
struck a deal 39 percent and 54 percent
01:41
of the time respectively but the
01:43
perspective-taking group they struck a
01:46
deal 76 percent of the time oh that
01:50
means when you want to negotiate the
01:51
close of a deal take the perspective of
01:54
the person you’re talking to try to
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think where he’s coming from
01:57
what is going on inside of his head why
02:00
is he looking to make a deal in the
02:02
first place
02:03
can you align his incentives with your
02:07
own tip number two always ask for more
02:10
than you really want let’s say you’re
02:11
negotiating a job offer and you
02:13
really won a $5,000 increase in your
02:16
salary what should you do
02:18
don’t answer $5,000 as for $10,000 and a
02:22
week’s vacation why asking for more than
02:26
you really want gives you the
02:27
opportunity to make sacrifices while
02:30
you’re negotiating after hearing your
02:33
offer the hiring manager is probably
02:34
gonna say you’re asking for too much but
02:36
that’s okay you’ve got $5,000 and a
02:39
week’s vacation worth of wiggle room you
02:41
can sacrifice that extra money in
02:44
vacation time meet the hiring manager in
02:46
the middle and agree on that $5,000
02:50
salary increase which is what you really
02:51
wanted anyway so if you’re negotiating
02:54
your salary a client contract or
02:56
anything really ask for more than you’re
02:58
willing to take get it and the last tip
03:01
when you have to decline an offer never
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take responsibility for the know here’s
03:07
the deal when you take responsibility
03:08
for the know you’re positioning yourself
03:11
as default and the other person can get
03:14
defensive and that’s no good
03:15
however when you pass the blame to
03:17
someone else you take on a different
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role instead of being the enemy you’re
03:22
actually working with the person you’re
03:24
talking to to find a common resolution
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be the good guy let me give you an
03:29
example back when I was 18 I worked for
03:31
this BS sign company and my gig was to
03:33
subcontract out sign installations for
03:36
as cheap as possible every time I would
03:39
call a sign in store they’d almost
03:40
always quote a price that was way too
03:42
high so I would tell him put him on hold
03:44
walk to my boss’s office present the
03:47
price she’d say no I would go back pick
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up the phone and say hey man I’m gonna
03:52
level with you I can’t give you as much
03:54
as you’re asking and to be honest um
03:56
it’s not my fault my boss is well I
03:57
really don’t care what we pay you I make
04:00
eight thousand our I just need to find
04:02
someone who can do it for this price if
04:04
you can work with me we can make a deal
04:07
if not I’m sorry as you can see I wasn’t
04:10
the enemy I blame the boss for the no
04:13
and positioned myself as someone who’s
04:15
just trying to make this deal work we
04:17
were on the same side so there you go
04:19
those were three tips that you can use
04:21
to become a master negotiator again take
04:24
the perspective of the person you’re
04:25
talking to
04:27
always ask for more than you really want
04:28
and never take blame for the no if you
04:32
liked this video make sure you subscribe
04:33
to my youtube channel by clicking the
04:35
subscribe button also do you know anyone
04:38
that might be able to benefit from one
04:40
of these three tips we talked about
04:41
today send them a link to this video
04:43
they’re going to love it also if you’re
04:47
not on the social triggers mailing list
04:48
one you’re an idiot
04:50
to type socialtriggers.com into the URL
04:53
bar enter your name and email into the
04:55
signup form and press get updates you’re
04:57
going to love it you’re positioning
04:59
yourself as the batteries died

Landing Big Deals

How to Land BIG Deals with Big Clients

If you want to grow your business land bigger deals with bigger clients, I’m going to share with you three ways to do it in this video. Hi I’m Evan Carmichael. I believe in entrepreneurs and I got a question for one of my youtube viewers. Love you guys. M3 power who wrote in to say hello “I have a small electric company in which I have two big companies that I install lights. I also I have about four electrician’s employed working under me. I would like some help getting some information in ways I can grow my business further and get more contracts. Any help would be really helpful. Thank you. ”

00:00
if you want to grow your business land
00:02
bigger deals with bigger clients I’m
00:04
going to share with you three ways to do
00:06
it in this video hi I’m Evan Carmichael
00:11
I believe in entrepreneurs and I got a
00:13
question for one of my youtube viewers
00:14
love you guys m3 power who wrote in to
00:17
say hello I have a small electric
00:19
company in which I have two big
00:21
companies that I install lights for also
00:23
I have about four electrician’s employed
00:25
working under me I would like some help
00:26
getting some information in ways I can
00:28
grow my business further and get more
00:30
contracts any help would be really
00:33
helpful thank you mallick amazing
00:35
question Mallick thank you for the
00:36
question and congratulations on the
00:38
success you’ve had so far in building up
00:41
your business to have those two big
00:42
clients and building a team of four
00:44
people under you I’m going to share with
00:45
you the three things that I would do if
00:47
I were in your shoes right now
00:49
number one is network as much as I love
00:52
social media and YouTube and Twitter and
00:54
I spending a lot of my time there I
00:56
doubt a lot of your clients are on those
00:59
mediums a lot and so the way to get your
01:01
business happening is through old-school
01:04
old-fashioned networking you do it
01:06
through two ways one is by identifying
01:08
the companies that you want to work with
01:10
and then start asking everybody you know
01:13
if they know anybody who works at that
01:15
business because through a friend of a
01:17
friend of a friend you’ll get an
01:19
introduction and your foot in the door
01:20
the other way is to again make that list
01:22
of companies that you want to work with
01:24
and go attend events where you know
01:26
they’re gonna be at where they’ve bought
01:28
a table where they’re exhibiting where
01:30
their president is speaking be there be
01:32
a known quantity and introduce yourself
01:34
it’s a tried-and-true old-school
01:37
strategy but for you networking is the
01:40
way to go number two is Alliance
01:42
partners here what you want to do is
01:44
find people who you can ally yourself
01:45
with who are already serving the same
01:48
customers that you want to reach they’re
01:50
not direct competitors to you but
01:52
they’re selling complementary services
01:54
and products to your ideal customers you
01:57
want to make a list of those guys
01:58
introduce yourself to them and see if
02:00
there’s a way you can work together
02:01
where they could potentially introduce
02:03
you to their clients and you could
02:05
introduce them to your clients if you
02:07
want your business to explode and grow
02:09
really quickly aligns
02:11
is the fastest way to do it and the
02:13
number three is starts small I’ve worked
02:15
with a lot of big companies some of the
02:17
biggest companies in the world like
02:18
Microsoft and Dell and American Express
02:20
if you’re going in pitching a big
02:22
company chances are they already have
02:24
somebody who’s doing what you’re doing
02:26
they’re already working with an existing
02:28
vendor that you are competing against
02:30
and so the way to land a deal is to make
02:32
it simple stupid easy to say yes to
02:35
instead of pitching them on some
02:37
six-figure huge deal
02:39
start a lot smaller start with the
02:41
tiniest possible entry in and then over
02:44
deliver like crazy and wowed them with
02:46
your service so they are looking for
02:48
other ways to incorporate you into their
02:50
business when you start with a big
02:52
proposal on a big budget it involves a
02:54
lot of people it involves a lot of time
02:57
and involves potentially kicking out
02:59
current suppliers that greatly increases
03:01
the risk and increases the chance of you
03:04
getting an O or if you start with
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something really small with a tiny
03:07
budget where one person can make a
03:09
decision and you would leave an
03:11
impression on that one person that’s
03:13
your chance that’s your foot in the door
03:15
you go in you over deliver like crazy
03:17
you’re the best supplier that they’ve
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ever worked with and they will find ways
03:22
to incorporate you into the rest of
03:24
their business and of course continue to
03:26
believe thanks for the great question
03:28
for those of you watching my question
03:29
for you is how have you landed big deals
03:32
leave it in the comments below I’d love
03:34
to hear from you and if you liked this
03:36
video don’t forget to subscribe to the
03:37
channel in the newsletter thank you so
03:39
much for watching I’ll see you soon

small-business-consulting

Can a Small Business Consultant Help You Run Your Business?

Whether you’re starting a new company or growing a current business, there comes a point in every business when the owner realizes they need advice. This is when they wonder and ask themselves, “Should I hire a consultant?” Hiring the right consultant can be a cost-effective way for your small business to leverage specialized knowledge. A small business owner needs to understand the role of a consultant in their business, and to learn how and when it is cost-effective to hire one.

What does a small business consultant do?

Simply put, a business consultant is an outside professional you hire to solve an internal business problem. They are a great source of specialized knowledge. An excellent business consultant brings knowledge, skills, experience, and process to improve the client’s situation.

Business consultants have their own schedules, may have various clients, and are hired on a contract/project basis. Depending on the consulting firm, consultants may work independently or may bring their own team.

 

A business consultant can help with marketing and sales development, business expansion and improvements, and even carrying out the task of their ideas and recommendations.

 

Here is what the consulting process consists of:

  1. Pre-consulting: Before you begin the work, you and your consultant set out the terms and limits, and agree on the “consulting agreement”.
  2. Consulting period: The consulting period consists of discovering, researching, and final presentation of recommendations that achieves the project.
  3. Post-consulting: You and the consultant can either choose to continue your agreement or move towards exercise on your own.

Why do people hire small business consultants?

Small business owners hire consultants as a cost-effective way to bridge a gap in knowledge and skills within their company. Consultants are also hired to bring a fresh, objective, and professional outlook to the company.

Here are the three most common reasons why clients hire consultants for help:

  1. To find the problem(s). Often, a business may be experiencing problems such as a decrease in sales, or cash-flow issues. Their internal management is unable to find the source of the problem. In this case, a consultant can be brought into your operations to examine, research, and find the root of the problem.
  2. To create the solution(s). You may have a goal for your company and you are unable to achieve it internally due to a gap in skills. Hiring a good consultant can save time and money. It can also produce a better result.
  3. Development. Perhaps your company grew very fast and there are a lot of things you could be doing better and you don’t even know where to begin. A consultant can bring in some fresh perspective. They can evaluate all areas of your business, and figure out the processes and procedures to increase productivity levels.

A small business consultant can definitely help you run your business, by planning your business strategy and in some cases even executing it. Hiring the right consultant can be a cost-effective way for your small business to leverage specialized knowledge. There are many positive effects in small business consulting and it can bring great success to your company.

 

 

 

Science Of Persuasion

Science Of Persuasion

Researchers have been studying the factors that influenced us to say yes to the requests of others for over 60 years and there can be no doubt that there is a science to how we are persuaded and a lot of this science is surprising when making a decision. It would be nice to think that people consider all the available information in order to guide their thinking but the reality is very often different in the increasingly overloaded lives we lead. More than ever we need shortcuts or rules of thumb to guide our decision-making. My own research has identified just six of these shortcuts as universals that guide human behavior. They are reciprocity, scarcity, authority, consistency, liking, and consensus. Understanding these shortcuts and employing them in an ethical manner can significantly increase the chances that someone will be persuaded by your request.

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researchers have been studying the
00:14
factors that influenced us to say yes to
00:16
the requests of others for over 60 years
00:19
and there can be no doubt that there is
00:22
a science to how we are persuaded and a
00:25
lot of this science is surprising when
00:28
making a decision it would be nice to
00:30
think that people consider all the
00:32
available information in order to guide
00:34
their thinking but the reality is very
00:36
often different in the increasingly
00:39
overloaded lives we lead more than ever
00:42
we need shortcuts or rules of thumb to
00:45
guide our decision-making my own
00:47
research has identified just six of
00:50
these shortcuts as universals that guide
00:54
human behavior they are reciprocity
00:58
scarcity Authority consistency liking
01:02
and consensus understanding these
01:05
shortcuts and employing them in an
01:08
ethical manner can significantly
01:10
increase the chances that someone will
01:13
be persuaded by your request let’s take
01:16
a closer look at each in turn
01:19
so the first universal principle of
01:22
influence is reciprocity simply put
01:25
people are obliged to give back to
01:26
others the form of behavior gift or
01:29
service that they have received first if
01:32
a friend invites you to their party
01:33
there’s an obligation for you to invite
01:35
them to a future party you are hosting
01:37
if a colleague does you a favor then you
01:39
owe that colleague a favor and in the
01:41
context of a social obligation people
01:44
are more likely to say yes
01:46
to those that they owe one of the best
01:49
demonstrations of the principle of
01:51
reciprocation comes from a series of
01:53
studies conducted in restaurants so the
01:56
last time you visit a restaurant there’s
01:57
a good chance that the waiter or
01:59
waitress will have given you a gift
02:00
probably about the same time that they
02:03
bring your bill a liquor perhaps or a
02:05
fortune cookie
02:06
or perhaps a simple mint so here’s the
02:09
question does the giving of a mint have
02:12
any influence over how much tip you’re
02:14
going to leave them most people will say
02:16
no but that mint can make a surprising
02:18
difference in the study giving diners a
02:22
single mint at the end of their meal
02:23
typically increase tips by a
02:25
around 3% interestingly if the gift is
02:29
doubled and two mints are provided tips
02:31
don’t double they quadruple a 14%
02:36
increase in tips but perhaps most
02:38
interestingly of all is the fact that if
02:40
the waiter provides one mint starts to
02:43
walk away from the table but pauses
02:45
turns back and says for you nice people
02:48
here’s an extra mint tips go through the
02:50
roof a 23% increase influenced not by
02:54
what was given but how it was given so
02:58
the key to using the principle of
02:59
reciprocation is to be the first to give
03:01
and to ensure that what you give is
03:03
personalized and unexpected the second
03:07
universal principle of persuasion is
03:08
scarcity simply put people want more of
03:11
those things they can have less of when
03:14
British Airways announced in 2003 that
03:17
they would no longer be operating the
03:19
twice-daily London New York Concorde
03:21
flight because it had become uncanonical
03:24
to run sales the very next day took off
03:29
notice that nothing had changed about
03:32
the Concorde itself it certainly didn’t
03:35
fly any faster the service didn’t
03:37
suddenly get better and the airfare
03:39
didn’t drop it had simply become a
03:42
scarce resource and as a result people
03:45
wanted it more so when it comes to
03:48
effectively persuading others using the
03:50
scarcity principle the science is clear
03:52
it’s not enough simply to tell people
03:55
about the benefits they’ll gain if they
03:57
choose your products and services
03:59
you’ll also need to point out what is
04:02
unique about your proposition and what
04:05
they stand to lose if they fail to
04:08
consider your proposal a third principle
04:11
of influence is the principle of
04:13
Authority the idea that people follow
04:15
the lead of credible knowledgeable
04:17
experts physiotherapists for example are
04:20
able to persuade more of their patients
04:22
to comply with recommended exercise
04:24
programs if they display their medical
04:27
diplomas on the walls of their
04:28
consulting rooms people are more likely
04:31
to give change for a parking meter to a
04:33
complete stranger if that requester
04:36
wears a uniform
04:37
than casual clothes what the science is
04:40
telling us is that it’s important to
04:42
signal to others what makes you a
04:44
credible knowledgeable authority before
04:47
you make your influence attempt of
04:49
course this can present problems you can
04:52
hardly go around telling potential
04:54
customers how brilliant you are but you
04:56
can certainly arrange for someone to do
04:58
it for you and surprisingly the science
05:01
tells us that it doesn’t seem to matter
05:02
if the person who introduces you is not
05:05
only connected to you but also likely to
05:08
prosper from the introduction themselves
05:10
one group of real estate agents were
05:12
able to increase both the number of
05:14
property appraisals and the number of
05:16
subsequent contracts that they wrote by
05:19
arranging for reception staff who
05:21
answered customer inquiries to first
05:23
mention their colleagues credentials and
05:25
expertise so customers interested in
05:29
letting a property were told lettings
05:31
let me connect you with Sandra who has
05:33
over 15 years experience letting
05:35
properties in this area customers who
05:38
wanted more information about selling
05:39
properties were told speak to Peter our
05:41
head of sales he has over 20 years
05:43
experience selling properties I’ll put
05:46
you through now the impact of this
05:48
expert introduction led to a 20% rise in
05:51
the number of appointments and a 15%
05:54
increase in the number of signed
05:55
contracts not bad for a small change in
05:58
formed from persuasion science that was
06:01
both ethical and costless to implement
06:03
the next principle is consistency
06:07
people like to be consistent with the
06:09
things they have previously said or done
06:12
consistency is activated by looking for
06:15
and asking for small initial commitments
06:18
that can be made in one famous set of
06:21
studies researchers found rather
06:23
unsurprisingly that very few people
06:25
would be willing to erect an unsightly
06:28
wooden board on their front lawn to
06:31
support a drive safely campaign in their
06:34
neighborhood however in a similar
06:36
neighborhood close by four times as many
06:40
homeowners indicated that they would be
06:42
willing to erect this unsightly
06:44
billboard why because 10 days previously
06:48
they had agreed to place us
06:50
small postcard in the front window of
06:53
their home that signaled their support
06:56
for a drive safely campaign that small
06:59
card was the initial commitment that led
07:02
to a 400% increase in a much bigger but
07:07
still consistent change so when seeking
07:11
to influence using the consistency
07:13
principle the detective of influence
07:15
looks for voluntary active and public
07:19
commitments and ideally gets those
07:21
commitments in writing for example one
07:25
recent study reduced missed appointments
07:28
at health centers by 18 percent simply
07:32
by asking the patient’s rather than the
07:34
staff to write down appointment details
07:37
on the future appointment card the fifth
07:41
principle is the principle of liking
07:42
people prefer to say yes to those that
07:45
they like but what causes one person to
07:48
like another persuasion science tells us
07:50
that there are three important factors
07:53
we like people who are similar to us we
07:56
like people who pay us compliments and
07:58
we like people who cooperate with us
08:00
towards mutual goals as more and more of
08:04
the interactions that we are having take
08:06
place online it might be worth asking
08:08
whether these factors can be employed
08:10
effectively in let’s say online
08:13
negotiations in a series of negotiation
08:16
studies carried out between MBA students
08:19
at two well-known business schools some
08:21
groups were told time is money
08:23
gets straight down to business in this
08:26
group around 55 percent were able to
08:28
come to an agreement a second group
08:30
however were told before you begin
08:33
negotiating exchange some personal
08:35
information with each other identify a
08:37
similarity you share in common then
08:40
begin negotiating in this group 90
08:45
percent of them were able to come to
08:46
successful and agreeable outcomes that
08:49
were typically worth 18 percent more to
08:51
both parties
08:52
so to harness this powerful principle of
08:55
liking be sure to look for areas of
08:58
similarity that you share with others
08:59
and genuine compliments you could give
09:02
before you get down
09:04
business the final principle is
09:07
consensus especially when they are
09:09
uncertain people will look to the
09:11
actions and behaviors of others to
09:13
determine their own you may have noticed
09:17
that hotels often place a small card in
09:19
bathrooms that attempt to persuade
09:21
guests to reuse their towels in linen
09:24
most do this by drawing a guests
09:27
attention to the benefits that reuse can
09:30
have on environmental protection it
09:32
turns out that this is a pretty
09:34
effective strategy leading to around 35
09:37
percent compliance but could there be an
09:40
even more effective way well it turns
09:43
out that about 75 percent of people who
09:46
check into a hotel for four nights or
09:48
longer will reuse their towels at some
09:50
point during their stay so what would
09:53
happen if we took a lesson from the
09:54
principle of consensus and simply
09:57
included that information on the cards
09:59
and said that 75 percent of our guests
10:02
reuse their towels at some time during
10:05
their stay so please do so as well it
10:08
turns out that when we do this towel
10:11
reuse Rises by 26% now imagine the next
10:16
time you stay in a hotel you saw one of
10:18
these signs you picked it up and you
10:20
read the following message seventy-five
10:23
percent of people who have stayed in
10:25
this room have reused their towel what
10:30
would you think well here’s what you
10:32
might think I hope they’re not the same
10:35
towels and like most people you probably
10:38
think that this sign will have no
10:40
influence on your behavior whatsoever
10:42
but it turns out that changing just a
10:45
few words on a sign
10:47
– honestly point out what comparable
10:49
previous guests have done was the single
10:53
most effective message leading to a 33
10:56
percent increase in reuse so the science
11:01
is telling us that rather than relying
11:03
on our own ability to persuade others we
11:06
can point to what many others are
11:08
already doing especially many similar
11:12
others so there we have it
11:14
six scientifically validated principle
11:17
persuasion that provide for small
11:19
practical often costless changes that
11:23
can lead to big differences in your
11:25
ability to influence and persuade others
11:27
in an entirely ethical way they are the
11:31
secrets from the science of persuasion
11:40
you

Business Deal Making

Deal-Making For Entrepreneurs – The Triangle of Negotiation

business deal makingFor entrepreneurs, deal-making and negotiation skills are crucial. Being successful doesn’t only depend on great ideas and marketing skills, it also needs a network of deals which all entrepreneurs have to put in place. These include deals for funding,distribution, manufacturing, marketing and promotion, and deals with employees.

What are the three angles of negotiation?

Essentially it involves managing the three angles of negotiation or the “golden triangle” of negotiation. The three angles are negotiating state-of-mind, negotiation process, and negotiation behaviour. As an entrepreneur, you will be in great shape if you can successfully manage these three angles. Let’s discuss the three angles of negotiation.

  1. State of mind. Negotiation state is all about the state of mind you bring to the negotiation. Ideally, you, as well as your adversary, want to be relaxed and confident. You don’t want to be anxious. One of the key factors in building the right attitude is to have a real appreciation of the negotiating power on both sides.

It’s easy to miscalculate the number of aces you have on your side and overestimate the number of aces on your negotiating opponent. However, in most cases, the bargaining power is divided evenly between the two. This is a very important issue for entrepreneurs because they often find themselves negotiating with larger opponents. You may not have market size but you might have niche marketing power and that gives you an edge with a larger player.

  1. Process. Normally, there are seven stages in any negotiation. Everyone is well known with the later stages, such as bidding, bargaining and closing the deal, yet due to impatience, people often skip the earlier stages and this isn’t a good thing. The first stage, preparation, is extremely important. You need to be prepared and know who is on the other side, who will be on your side, what is the history between you, what is your ideal position, what is your bottom line, etc.

Here, entrepreneurs can have an advantage for themselves. Larger deal partners may be less prepared. A further early stage is exploring the emotional needs of both sides and seeking coinage, which can address those needs. Do they need reassurance, respect, a sense of belonging, a desire to achieve? All negotiations are driven by the emotional needs of everyone involved.You must be able to work that out.

Once you have you can arrange coinage to meet those needs, and get back what you need in return. Coinage is a concession. It feels like loose change to the giver, yet it has a high value to the other side because it meets an emotional need. Finding coinage takes creativity and imagination.

  1. Behaviour. Behaviour is key. There are 12 different kinds of negotiation behaviour assembled around four types:
  2. Push behaviour. This is all about what I want from the deal.
  3. Pull behaviour. This is all about what the other side wants from the deal.
  4. Join behaviour. This is about what we can achieve from the deal together.
  5. Part behaviour. This is about taking your energy out of the deal. For example, when taking a break from the negotiation.

Different kinds of behaviour suit different people and situations. Most people will default to their favourite behaviour each time. This is not enough. There are many different types of individual, some are optimists, others are pessimists. You need to be able to select the right behaviour for the right person. You can spot these different behavioural types by observing and listening and asking questions.

These are not always natural skills for entrepreneurs as they are so passionate about their project that they spend too much time talking. Entrepreneurs should not spend more than 30 percent of your time talking in any deal. If you spend more than that you won’t have any time to focus on your opponent’s behaviour. Therefore, entrepreneurs should exercise verbal restraint when it comes to negotiating. Remember, the more you say the more you give away; the less you say the more you understand…