Negotiation & the Art of Rapport

Asking questions works better than making demands in any area in life. You don’t always have to get your own way to win in a negotiation. Patience, listening skills and presenting alternatives can smooth over ruffled feathers. Experienced negotiators listen patiently and ask questions and then propose the alternatives. Recognize the other party has opinions and propose valid options to get to a goal. It’s not just your way, even when you want it to be.

Successful negotiators disagree without undermining the rapport they have taken time to create. They do this by listening patiently and confirming by repeating back to the speaker what they have just heard before they start contradicting the statements or proposing different options.

Whatever you do, do not try to push your opposing party into a corner, this will not make matters any better for your negotiation. It’s not a murder trial! It’s a negotiation where you should be working towards a mutually beneficial outcome. First and foremost, make the statement that you understand where they are coming from. Showing commonality & compassion will not cause them to react negatively to you. Then, at this point, you can disagree with them, but do so without insulting or putting them down. Don’t let the disagreement become confrontational. By all means, don’t out do the opponent.

Rather than a direct confrontation, use the salesman’s feel, felt, found formula. It’s been used for a hundred years but it works.

Think It Out To Yourself

Mean it when you say it. I understand how you feel (Be sure you do) then add “I’ve felt the same way” (You probably have) and conclude with “But in my experience I’ve found….” Then slowly present or propose an alternative solution. It’s a negotiation, not you getting everything and they get nothing.

Identify With The Opponent

What you strive to accomplish with this strategy is keep rapport and disagree in a non-confrontational manner. Most of all you’ve identified with the opponent and hopefully your suggested solutions will guide the opponent to a different point of view.

Another method of non-confrontational disagreement is to state how you’ve solved a similar disagreement in the past. Most opponents are willing to listen to suggestions and solutions that worked before.

Alternatives And Solutions Are The Best And Easiest Way To Negotiate

That way you are not criticizing the opponent and you are cooperating. Be first to present alternatives – that’s plural. Many of your opponents will say no to all of your suggestions. Prepare for that. Time is a significant part of the negotiation and it takes time for people to consider alternatives and options. They need time to think about it. People are begging to be lead, make suggestions. Encourage the opponent to participate. Show that you can go beyond what’s normal. Show them a better solution. When they are confronted with something better, when it’s staring them in the face, it’d hard for them to argue.

Differing Opinions

The intensity of a negotiation can create clashing and violent differences of opinions. Let the other party have equal say so, so they don’t get frustrated and become hostile. The more you listen the more you know what they want and you can pin point the solution or alternative.

Open ended questions, such as “Why do that?…”, “What are you thinking…” or “What other suggestions would you like to make…”, “Do you have other options…” or “What’s the consequences of that proposal?”

The idea is to create reciprocity, equals working towards a common benefit.

Using these techniques will help you to gain perspective in any negotiation, and tend to help you reach the goals you set forth to accomplish.

Presentation Skills Training Gets You Ahead in Your Workplace

In today’s economy, most professionals are aware of the need to perform well on the job. It’s a tough market and in times of trouble you want to be noticed for your ability, not only to do your job, but to shine in all situations.

What can you do to improve your retainability? How about setting a bold new direction?

Participating in Presentation Skills Training is a surefire strategy to improve your impact at work. Here are three reasons why it pays to invest in your ability to present to groups – both large and small:

1. Increase Your Confidence

Presentation Skills Training takes you through a learning process which includes videotaping your performance and reviewing specific feedback on how to improve. Look for a program that allows you to get digitally recorded several times so that you can see your progress over time. By giving presentations to a small audience and being recorded, you gain the experience of “just doing it” which automatically increases your confidence. And we all know that a confident presenter speaks volumes over someone who is tentative or uncomfortable at the podium.

2. Increase Your Impact

Once you’re comfortable in front of a group you can work on your impact by playing with several dynamics including vocals, visuals, and verbal content. A polished presenter knows the importance of using their voice to engage the audience. They do this by varying their pitch, their volume and even their pace. Moreover, a seasoned presenter knows how to use visual aids and structure their remarks in a way that maximizes audience involvement. Ultimately, these skills show up in formal presentations as well as day to day discussions and meetings. Making the investment in presentation skills training enhances your ability to make an impact in the boardroom, the client meeting, and in everyday discussions.

3. Stand Out from the Pack

When it comes right down to it, management notices those who stand out from the pack. In today’s hectic environment, the professional who is comfortable giving an impromptu presentation distinguishes him or herself from others. Increased comfort and confidence in presentation skills allows one to display leadership in meetings….without worrying about words, gestures, or nervousness. Stand out from your peers by demonstrating that you are an accomplished presenter who is comfortable in front of a crowd. You’ll be glad you did when you get that next promotion!

Learn more about how to hone your skills by reading this free report on How To Overcome Nerves and Master Presentation Skills at http://boldnewdirections.com/home/section/92/free_presentation_skills_report

Tips for Your Investor Presentations and Due Diligence Visits

When you create your power points or walk over to the nearby diner or coffee shop for a quick informal chat with an investor, remember the following:

1. Focus and niches are still very much in. Broad brush and shot gun approaches are out.

2. Your strategy needs to relate to your competition. If you differ dramatically you must have a defensible reason for doing things differently and it must be supported by customer validation.

3. Depth in all areas – technology, domain, implementation, business development and recruitment – is required. Miss one and you will have some tough questions to answer.

4. Your sales pipeline needs to be well defined and well presented. Other than strategy and focus, investors need to understand how your cash flow projections tie back to actual proposals sitting in front of customers.

5. You need to maintain a balance in presenting the soul of the firm and your cash generation function.

For us a typical investor visit takes two full days from the entire team. The follow up, if and when it occurs takes another week of serious bandwidth. Will it be worth it? I don’t know.

Conclusion: If you run a business that makes money and has the promise of keeping on making money, finding investors is not difficult. Finding the right color of money with the right term sheet is.