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  • Hub You - Get Everything You Ever Want Using Professional Negotiating Techniques

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    KNOW WHAT YOU NEED Understand how you intend to use business financing, how much funding you need and how you intend to repay the loan. Be able to communicate this clearly and confidently with prospective lenders.UNDERSTAND YOUR CURRENT SITUATION If you are an existing business, are you profitable, and does your balance sheet have positive equity? What does your credit look like? Have a clea
    UR OBJECTIVES

    These can be divided up into different categories. 'Musts'. These are what you really want from the deal. These will not be conceded. 'Ideals'. These are not quite as important as musts, but they are things you'd really like to achieve just the same. These might be conceded but only if the price is right. 'Loss Leaders'. These are things

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    Negotiating means bargaining, give-and-take - and striking a deal that leaves all parties to a transaction happy with the outcome!

    Bargaining touches all aspects of life, from the kids promising to be quiet during your television programme in exchange for an increase in pocket money, to the boss offering an extra day off to any employee willing to take his place at a forthcoming seminar.

    Negotiating is a two-way process between parties who bargain until a middle point - a compromise - is reached which leaves everyone happy. So what's involved?

    Whoever you're bargaining with, there are ways to spin the odds in your favour; subtle techniques that can make all the difference between getting what you want and being dissatisfied with a deal. This is the lowdown...

    BE PREPARED

    Make sure you know exactly what you want to achieve before you enter negotiations. Work out how best to achieve it. This means knowing something about the other party, what they want from negotiations and what they are likely to ask for. It also means deciding - in advance - what concessions you can afford to make without thwarting your primary objectives.

    AIM HIGH

    Enter negotiations willing to accept a little and that is exactly what you will get. At best! Go in asking for MORE than you want, trade the less desirable elements, and leave the room with exactly what you wanted in the first place.

    RANK YOUR OBJECTIVES

    These can be divided up into different categories. 'Musts'. These are what you really want from the deal. These will not be conceded. 'Ideals'. These are not quite as important as musts, but they are things you'd really like to achieve just the same. These might be conceded but only if the price is right. 'Loss Leaders'. These are things

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    his place at a forthcoming seminar.

    Negotiating is a two-way process between parties who bargain until a middle point - a compromise - is reached which leaves everyone happy. So what's involved?

    Whoever you're bargaining with, there are ways to spin the odds in your favour; subtle techniques that can make all the difference between getting what you want and being dissatisfied with a deal. This is the lowdown...

    BE PREPARED

    Make sure you know exactly what you want to achieve before you enter negotiations. Work out how best to achieve it. This means knowing something about the other party, what they want from negotiations and what they are likely to ask for. It also means deciding - in advance - what concessions you can afford to make without thwarting your primary objectives.

    AIM HIGH

    Enter negotiations willing to accept a little and that is exactly what you will get. At best! Go in asking for MORE than you want, trade the less desirable elements, and leave the room with exactly what you wanted in the first place.

    RANK YOUR OBJECTIVES

    These can be divided up into different categories. 'Musts'. These are what you really want from the deal. These will not be conceded. 'Ideals'. These are not quite as important as musts, but they are things you'd really like to achieve just the same. These might be conceded but only if the price is right. 'Loss Leaders'. These are things

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    you want and being dissatisfied with a deal. This is the lowdown...

    BE PREPARED

    Make sure you know exactly what you want to achieve before you enter negotiations. Work out how best to achieve it. This means knowing something about the other party, what they want from negotiations and what they are likely to ask for. It also means deciding - in advance - what concessions you can afford to make without thwarting your primary objectives.

    AIM HIGH

    Enter negotiations willing to accept a little and that is exactly what you will get. At best! Go in asking for MORE than you want, trade the less desirable elements, and leave the room with exactly what you wanted in the first place.

    RANK YOUR OBJECTIVES

    These can be divided up into different categories. 'Musts'. These are what you really want from the deal. These will not be conceded. 'Ideals'. These are not quite as important as musts, but they are things you'd really like to achieve just the same. These might be conceded but only if the price is right. 'Loss Leaders'. These are things

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    advance - what concessions you can afford to make without thwarting your primary objectives.

    AIM HIGH

    Enter negotiations willing to accept a little and that is exactly what you will get. At best! Go in asking for MORE than you want, trade the less desirable elements, and leave the room with exactly what you wanted in the first place.

    RANK YOUR OBJECTIVES

    These can be divided up into different categories. 'Musts'. These are what you really want from the deal. These will not be conceded. 'Ideals'. These are not quite as important as musts, but they are things you'd really like to achieve just the same. These might be conceded but only if the price is right. 'Loss Leaders'. These are things

    Executive Search Solutions
    Finding the right employee for a certain company position is not an easy task, and oftentimes it can be downright frustrating. Of course you only want the most qualified person to occupy the vacant position to maximize the productivity and strengthen the company. A bad hire can be a huge waste of time and money and a big cause for a headache. Traditionally, finding a prospective employee to fill a po
    UR OBJECTIVES

    These can be divided up into different categories. 'Musts'. These are what you really want from the deal. These will not be conceded. 'Ideals'. These are not quite as important as musts, but they are things you'd really like to achieve just the same. These might be conceded but only if the price is right. 'Loss Leaders'. These are things you are prepared to trade in exchange for things you really want from the negotiating table.

    KNOW THE OTHER PARTY

    Ideally, you should be able to identify what the other party wants - and then work out how they are likely to rank these wants as 'musts', 'ideals' and 'loss leaders'. This puts you in a position to swop their loss leaders for your musts or ideals. Trading loss leaders is usually pointless, unless the other party thinks you are making a greater concession!

    USE SILENCE TO DEVASTATING EFFECT

    Most people hate silence, especially in the middle of negotiations. Used cleverly, silence can make the other party feel uncomfortable - even to the point where that person will concede something they don't really want to lose!

    EVALUATE THE NEGOTIATIONS

    If you summarise the essential points of negotiations so far - and do this out loud - it will help to clear things in your mind and ensure the other party understands your views.

    MAKE NOTES

    This helps you focus on your objectives and stops you being side-tracked. Notes can be invaluable, especially if the other party tries to change course. You can say, "But earlier you said ...What has changed since then?" This approach throws less experienced opponents off balance, and puts the negotations in your favour.

    BOLSTER THE OTHER PARTY'S EGO

    Remember, successful negotiations leaves both parties walking away happy.

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