If you’ve done your job correctly, when you walk away from a negotiation, nobody will be completely happy. Sounds crazy right? The thing is, if you feel like you got everything you wanted, the negotiation is probably weighted in your favor. If somebody is favored, that means someone is lacking somewhere else.
Work out the most important issues but keep the possibility of a long-term relationship in mind. If you act like a dictator, it’s likely your negotiation can end before it even begins. Outline the terms, don’t be a jerk, and deliver on all your promises.
By the end of the negotiation, you may have racked up a fair amount of legal fees and other costs. It’s a fact of business and there’s no way around it. To be sure that your business remains financially sound, you need to make the best decisions in every stage of the game. CLICK HERE to subscribe to the Professor Savings YouTube channel and let their brilliance work towards your business’ benefit.