Beyond Negotiation 101 for Entrepreneur by Terry Hird

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© 2010 Negotiation-International All Rights Reserved Beyond… Beyond… Negotiation “101” Negotiation “101” June 6, 2010 June 6, 2010

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Terry Hird presented Beyond Negotiation 101 for Entrepreneur at BizTechDay Talks 2010. Presentation Summary: You Don't Get What You Deserve, You Get What You Negotiate. This powerful talk will give you the strategies you need to immediately become a more effective negotiator as entrepreneur. You will learn: - Proven negotiation strategies and tactics that you can use to succeed in your very next negotiation; - Ways to create a confident and commanding presence as a negotiator; - Effective plan and strategy to win your next negotiation; - Practical tips to prepare face-to-face, phone or email negotiations, etc

Transcript of Beyond Negotiation 101 for Entrepreneur by Terry Hird

Page 1: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Beyond… Beyond…

Negotiation “101”Negotiation “101”

June 6, 2010June 6, 2010

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Recent Clients & PartnersRecent Clients & Partners

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Problem SolvingProblem Solving

InterestsInterests

DealDeal

Postal Service U.S.P.S.

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Thnik dfifreetnly . . .Thnik dfifreetnly . . .

Aoccdrnig to rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in

waht oredr the ltteers in a wrod are, the olny iprmoatnt tihng is taht the frist and lsat ltteer be in the rghit

pclae. The rset can be a taotl mses and you can sitll raed it wouthit a

porbelm! Tihs is bcuseae the huamn mnid deos not raed ervey lteter by

istlef, but the wrod as a wlohe.

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Grab ‘em and Hold ‘emGrab ‘em and Hold ‘em

7% Words / Content

38% Delivery

55% Physical Appearance

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Negotiation StrategiesNegotiation Strategies

• Avoidance

• Accommodation

• Competition

• Collaboration

• Compromise

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AlternativesAlternatives

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Role of PowerRole of Power

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InfluenceInfluence

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Disaggregate GainsDisaggregate Gains

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Aggregate LossesAggregate Losses

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Punch in the MouthPunch in the Mouth

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Foot in the DoorFoot in the Door

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Benchmarks & JustificationBenchmarks & Justification

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Social ProofSocial Proof

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““You Smooth Talking Devil!”You Smooth Talking Devil!”

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The Positive NoThe Positive No

“The Power of a Positive No” by William Ury

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The “A” TrapThe “A” Trap

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AAccommodateccommodate

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AAttackttack

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AAvoidvoid

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Uncover Your “Yes”Uncover Your “Yes”

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Empower Your “No”Empower Your “No”

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Respect Your Way To “Yes”Respect Your Way To “Yes”

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Express Your “Yes”Express Your “Yes”

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Assert Your “No”Assert Your “No”

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Propose Your “Yes”Propose Your “Yes”

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Negotiation Axioms - INegotiation Axioms - I

• You need more than just a hammer

• Even a sheet of paper has two sides – Japanese Proverb

• The less you care about making a deal, the better deal you will make

• Failure to prepare is preparing to fail

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Negotiation Axioms - IINegotiation Axioms - II

• Is it too good to be true?

• A price is too low till the buyer says no

• At the edge of a cliff, progress can be a step backwards – Chinese Proverb

• A half truth is a whole lie

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Negotiation Axioms - IIINegotiation Axioms - III

• Do not find fault, find a remedy

• Avoid assumptions

• Necessity never made a good bargain

• Never make an enemy out of an adversary.

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Negotiation Axioms - IVNegotiation Axioms - IV

• Odd dollar and cents add credibility.

• Listen to understand, not to refute.

• Never rub bottoms with a porcupine – Japanese Proverb

• This too, shall pass