Essential Negotiation Skills for Business Owners

Bold Business Podcast

Successful business leaders always prioritize the basics. They invest time in understanding themselves, their goals, and the art of preparation. These small but crucial steps can significantly affect the success of your negotiations.

Here are three practical ways to practice negotiation skills daily:

1. Dive into research: Gain insights into the people involved, their objectives, and communication styles. This knowledge will boost your confidence and preparation for the negotiation process.
2. Set clear objectives: Before entering negotiations, define what you aim to achieve and what you will bring to the table.
3. Anticipate challenges: Be ready to handle objections, unexpected requests, and hurdles in finding common ground.

By incorporating negotiation practice into your daily routine, you'll enhance your strategic growth plan and align it with your business priorities. Research will uncover new opportunities, knowing your goals will guide your offerings, and challenges will test your determination and help you better understand yourself.

In this “It’s Your Business” episode, Christy Maxfield, President and CEO at Purpose First Advisors, and Jess Dewell, Managing Partner at Red Direction, discuss the daily practice of negotiation and its impact on business growth.

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Are you looking to achieve your long-term growth goals with ease? If so, consider the Business Base Camp Consultation. This unique program is designed to help business owners like you make informed decisions and take the next best step for your business. With a personalized workflow, you will be able to work more strategically on your business and achieve the results you desire.

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You can get in touch with Jess Dewell on Twitter, LinkedIn or the Red Direction website.