Thread by @OmkarSahay

5 Rules of Deal Negotiation that will teach you more than a $50,000 Business School Degree

#O1E
Know your Objectives

🔸Know what you want to achieve

🔸Have clear goals

🔸Don't get swayed away by other people's demand

#T2O
Do your Homework

🔸Gather as much as fresh knowledge possible on the topic

🔸Understand and know other person's demands beforehand

🔸Make a strategy to tackle their demands beforehand

#TH3EE
Stay Clear, Be Clear and Speak Clear

🔸The more you speak clearly, the more the next person is keen on your knowledge

🔸Don't use jargon and hard words

🔸Also, Keep your ears open and be Interested!

#FOU4
Having Walk away Attitude

🔸Sometimes, the demands are non-acceptable

🔸Accept the fact and walk away

🔸It's not about winning all deals, it's about winning the right deal!

#FI5E
Deal should be profitable for both

🔸A good deal is where both parties are happy

🔸Accept some demands and negotiate on some

TL;DR:
#1 Know your Objectives
#2 Do your Homework
#3 Stay Clear, Be Clear and Speak Clear
#4 Having Walk away Attitude
#5 Deal should be profitable to both

That's a wrap!

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