When is Negotiating Not Negotiating? 4 Tips for Improved Success

When you left home for work this morning, did you feel ready to face the day knowing that you were going to have a number of successful negotiations? Chances are, the word “negotiation” never entered your head. Perhaps it should have!

We often think of negotiation as a formal process conducted behind closed doors by high powered executives, politicians or world leaders. Yet everyday all of us negotiate. You may have to agree with colleagues on the content of a report or presentation; with a customer over a disputed invoice; with a supplier on the terms for goods or services; or with your partner on what to have for dinner tonight! All of these things are negotiations.

Our problem is that we don’t recognise them as negotiations, nor ourselves as negotiators. As a result, we enter these discussions less prepared than we could be. The result? Sometimes a less-than-successful outcome!

To help make all our daily negotiations more successful (for both you and the other party), you need to:

- State your case clearly and appropriately

- Organise your facts

- Control the timing and pace of your discussion

- Properly assess both yours and the other parties needs

How do you carry out these four points successfully? First, you need an understanding of some of the key principles of successful negotiation. Try this quiz to test your knowledge of negotiating by answering “True/False” to each question.

1. Should you ask for twice the amount you need?

2. Is your aim to prevent the other party from saying “No”

3. Will a small concession relieve the pressure?

4. A “Win/Win” result is always possible.

5. Is admitting to an error or omission a sign of weakness?

The following answers will provide some useful tips for your negotiating situations.

1. Should you ask for twice the amount you need? False. You will have to back down and will lose an important opportunity to influence the other party. Research clearly indicates that negotiators who make large concessions end up worse off. The secret of successful negotiating is to first identify your needs, then work out a range of options that will satisfy those needs. Start the negotiation by asking for the options that best meet your needs.

2. Is your aim to prevent the other party from saying “No”? False. In fact getting a “No” from the other party can be very useful because it gives you the opportunity to ask “Can you give me your reasons?”. This leads to uncovering the other party’s real needs and some options that will satisfy them ¡V options which you can probably supply.

3. Will a small concession relieve the pressure? False: If you make a small concession, chances are you are negotiating over options rather than needs. Additionally, the other party may think you are weakening and put more pressure on. Far better to state or restate your needs and then explore as many options as possible to satisfy them. As part of this discussion, you may come back to the offer that was just rejected, or you may find some even better options. Either way you have gained a lot more information and not weakened your position.

4. A “Win/Win” result is always possible. False: It’s desirable, but not always possible. Sometimes, even the best of negotiators have to “agree to disagree”. The way to improve your ratio of “Win/Wins” is to focus very clearly on your own real needs (not positions) and the needs of the other party. Searching for many different options to satisfy both party’s needs generates more “Win/Win” situations.

5. Is admitting to an error or omission a sign of weakness? False: Research shows that disclosing such information demonstrates honesty. In psychological terms, it breeds what is called “reciprocity” – if you do something for me, then I’ll do something for you. People are far more likely to be honest with you when you are honest with them. Pulling the wool over someone’s eyes may give you a short term result at the expense of a long term relationship.

Four tips to help you negotiate successfully

1. If you want a better deal, ask for one. You’ll never know unless you ask! Remember, make sure it will satisfy your needs – do not get locked into bargaining over positions.

2. Argue to learn, not to win. To meet your own needs you need to learn as much as possible about the other party and their needs. The more you learn, the better chance you have of getting a good deal.

3. Make proposals regularly during the negotiation – proposals move the negotiation forward. Use proposals such as “If you will provide . . . . then I might consider . . . .” The other party’s response to these proposals will give you a lot of information to work with.

4. Ask for, and give as much information as possible. For example, questions such as “Can you explain your reasons for . . . . ?’, “What are your priorities? and “What else is there that you think I should know?” are excellent ways of gathering the information you need.

Successful negotiating!

If you would like some more tips on negotiating, feel free to contact me via www.nationallearning.com.au.

Copyright © 2006 The National Learning Institute

Why Having Small Business Insurance Coverage is a “Should” in the Present Day

I do know: as if we haven’t all been nickled an dimed to death, you’re probably pondering, “I run my business from my residence and my homeowner’s insurance coverage will cover damages.”

Should you subscribe to that philosophy, you’re incorrect…and you’ve got a lot of company who feel the identical way you do.

Today, many people are beginning small companies from their homes on account of job losses and lack of jobs to be found in the corporate sector. Most of these home-based companies revolve around the web: eBay consignment companies, affiliate promotion, website online design, creating resumes and posting them to online job sites, and a host of different small enterprise endeavors that involve, at the least, a computer.

If Your Laptop Goes Down, it Shows Lack of Professionalism and Reliability

Let me ask you this: what would happen if there was a power surge that destroyed your equipment? What about a couple of virus assaults in your computer?

Both would certainly put the stops on your corporation for awhile till you were in a position to get your system(s) repaired or purchase a brand new one. Both options would come straight out of your pocket. “Okay,” you say, “but wouldn’t these be written off as business expenses at tax time?” Yes, they might; however, for you to keep on track along with your clients’ schedules, you’ll most likely go for an immediate substitute of your computer—however—you may not have the ability to financially manage that when disaster struck. With business insurance, you would have a brand new system pronto.

This really happened to me a few years in the past after I was starting a web page design business. My husband and I used a tax refund to buy my first computer and I developed a love of website online design. Inside an hour after hooking up the system, we heard a tremendous “pop” and all of our energy blew. Ignorant me had the pc plugged into the wall and it got zapped. It even smoked.

After discovering some work was being done on nearby power lines, I appealed to the electric company with a letter explaining what had happened. They not bought me a new computer, but gave me a $200 power surge protection strip to boot.

I was fortunate that time. Who knows if the electric company would be so prepared to do that in in the present day’s financial melt-down?

Getting Some Business Insurance Solutions from the Small Business Administration

The Small Enterprise Administration (SBA) gives steerage for what kind of business insurance to contemplate for the type of business you’re running.

The sorts of insurance, with pointers and recommendations include: general liability, product legal responsibility, dwelling-primarily based enterprise insurance, internet business insurance, worker’s compensation, legal insurance, business interruption insurance, key person insurance, and malpractice insurance.

The Internet Business Insurance actually caught my eye because so many of my projects are completed through the internet.

Based on the SBA, “Net-primarily based companies might wish to look into specialized insurance coverage that covers liability for harm executed by hackers and viruses. In addition, e-insurance usually covers specialised online activities, including violation of regulations resulting from meta tag abuse, banner advertising, or electronic copyright infringement.” I didn’t even know I could be sued for these issues!

New, Free Small Business Insurance Information Out there on the Web

It’s nice of the SBA to tell us what sorts of insurance coverage to get for the kind of business we’re working, but what they don’t inform you is how one can go about evaluating our business to get the proper coverage. That is exactly why a new, free guide on small business insurance coverage is currently available and to help us all understand what the business insurance hub-bub is all about.

This guide concentrates closely on home-based mostly business insurance which is precisely what so many individuals need in the present day, and it’s a real eye-opener. The fantastic thing about the guide isn’t nearly what type of business insurance you want, but tells you, step-by-step, methods to go about getting it. The entire guide could be read online in 15 sections:

Part 1: Enterprise Insurance coverage Introduction
Part 2: Sorts of Business Insurance
Part 3: Vital Answers to Essential Question About Enterprise Insurance
Part 4: Small Enterprise Liability Insurance
Part 5: Small Business Health Insurance
Part 6: Employee’s Compensation
Part 7: Business Auto Insurance
Part 8: Enterprise Interruption Insurance
Part 9: Business Insurance Quotes
Part 10: Enterprise Insurance Brokers
Part 11: The best way to Save Money on Business Insurance
Part 12: Eight Business Insurance Tips
Part 13: Enterprise Insurance Corporations
Part 14: Business Insurance Glossary
Part 15: Enterprise Insurance Coverage Resources

No Excuses if You Don’t Have Insurance Coverage on Your Enterprise

With in the present day’s economic woes, I don’t suppose I’d be so lucky as to have the city replace my tools attributable to an power surge that was their fault. Also, as we speak, I might be up a creek if my system blew and I couldn’t complete work I do on the internet in a timely manner. I could lose clients and customers. I’d be toast.

While your renter’s or homeowner’s insurance would possibly cover the lack of business equipment resulting from a pure disaster, resembling a flood, they might not be as apt to interchange or repair a PC that was ‘fried’ as a result of a virus. This is precisely where small business insurance comes in.

The information you want is right at your fingertips to get your business covered. Find out now, not later, why small business insurance isn’t an possibility; it’s a necessity.

Choosing The Right Baby Presents

There is nothing more precious than a newborn baby. After months of waiting, this new addition to the human race arrives. This is the time when baby presents are really appreciated.

The first opportunity to present gifts, for the baby, usually comes at a baby shower. These gifts help with the expenses of clothing the new arrival, as well as helping get things prepared for the occasion. When purchasing a gift for the shower, some things should be considered.

The traditional colors for new babies are blue for boys and pink for girls. In today’s market, one can find many items that include these colors combined, in patterns, with others. This makes it possible, if the sex is not known, to choose something that will be appropriate whether it is a boy or girl. Blankets with these patterns are especially attractive.

If choosing wearing apparel, remember that a baby grows very rapidly and will quickly outgrow a garment that is especially made for ‘newborn’. This means that if the parents receive a large number of these, some will not be used. It is better to choose something that is 6 months to a year. This will really be appreciated when the baby gets bigger.

While diapers are not ‘pretty’ or ‘unusual’, they are the most appreciated gift one can give. In this case, ‘newborn’ is fine as they will be used up before the baby gets to the stage of needing a larger size. These diapers can be presented, nicely wrapped, with a rattle or small gift tied on the outside ribbon.

A baby album or feeding set is always a welcome addition, as well. However, it should be remembered that only one album or one feeding set will be used. Therefore, it is always a good idea to have the purchase receipt, to give the mother, in case another similar gift is presented. This will allow her to make an exchange rather than have something that will never be used.

Baby presents are often presented after the baby is born. If possible, it is a good idea to determine what the parents would like to receive. They may be lacking, or short of, certain items that are needed and which would be appreciated. If not wishing to ask them directly it would be appropriate to ask a relative. If this is not possible, than any gift for the baby would be happily received. Baby presents are fun to buy, as well as give, with all the beautiful things that are on today’s market.