When Negotiating – Don’t Accept the First Offer

I enjoy the show “Shark Tank” and when I was watching a recorded episode last night, I thought it was pretty gutsy for an eleven year old boy to ask for more money when the Sharks made him an offer. The move almost cost the boy and his sisters (they were the business owners, though Mom and Dad were there too, and had financed the business to this point) a deal. The family ended up taking the initial offer, and when asked whose idea it was to ask for more money, because it almost cost them, the boy answered that they did get a deal, and that’s what mattered. And the boy was right, he did get the deal, and in fact I believe the Sharks respected the guts the boy showed. After all, the group of investors wouldn’t have massed billions between them if it weren’t for negotiating and taking risks. It does bring me to an important aspect of negotiations. As a general rule, don’t accept first offers.

Some people would insist that you never take the first offer, but I don’t like to say never, so I’ll stick with it being a general rule. There is a concern, like on the episode of “Shark Tank,” that if you make a counteroffer, they will refuse and you have given them a reason to back out of the deal altogether and you get nothing. And this is a valid concern, and could very well happen. In some cases, it may be that the person wasn’t serious about negotiating in the first place, and in others such as the above television show, the shrewd negotiators opened with their one and final option. That or they were just good at negotiation and knew their stance would make the family reconsider. Regardless, the refusal of the initial offer does have the potential to stop the deal. However, more often, the acceptance of the first offer will create the feeling in the initial party that they could have done better. Otherwise, why would you jump at the first offer so quickly? This feeling could turn to remorse and second thoughts, and they may want to change their mind about the deal.

This is especially true when negotiating products or services that are routinely negotiated upon. If you accept the first offer right off the bat, the other side may wonder what you are up to, and suspect that something is being hidden, or that they are missing something about the deal. An exception to this is when negotiating with an unsophisticated or novice negotiator. They may accept the first offer you make and you can just be happy they did so. But in most negotiations, it is not only normal, but expected, that offers and counteroffers will go back and forth until a deal is made. There will be less remorseful and suspicious feelings and both parties will feel better about the negotiated deal. So just remember, as a general rule, when bargaining is expected, don’t accept the first offer.

“The Point of Power Is Always in the Present Moment” – Louise Hay

Just recently I lost momentum for the life I usually proclaim to love. I stopped going to the gym as regularly as usual and was eating more sugar than was good for me. At first I thought I was just feeling a bit worn out; I’d been pushing myself pretty hard and it made sense. Then I started to find it a bit of an effort to get out of bed in the morning. That frightened me.

Having been a success coach for years, I know how to manage my state. I don’t always want to but it’s like going to the gym regularly, you develop the “muscle memory” that allows you to respond automatically, even when you don’t feel like it.
There was obviously something in my blind spot that was evading my attention, so I decided to phone a dear friend of mine, who is a phenomenal coach, and ask her to help me work through the problem.

It was uncomfortable, as growth often is. There was much wriggling on my part; my friend, thankfully, refused to let me off the hook and eventually, the truth came out.
“What was the point of making so much effort when the results I wanted weren’t showing up?” I had mumbled petulantly. As soon as the words were out of my mouth I realised exactly what was going on.

As much as I had faithfully promised to resign as general manager of the universe (Janet Attwood – The Passion Test) I had clearly assumed the role, again. Obviously, I knew better than anybody else when my plans should come to fruition, and by my calculations, they were behind schedule. As the ugly truth of my attitude became clear to me I realised that I had been living in direct conflict with one of my highest values: gratitude.

I was saying that what I had in my life, right now, wasn’t good enough. I wanted something bigger, better with more bells on before I would be satisfied. No wonder I was starting to feel so unhappy. And it wasn’t really a big surprise that the results I wanted weren’t showing up. If your partner brought you a present and you turned your nose up at it, he might not feel inclined to have his gesture dismissed again. I was shocked and ashamed but, thankfully, now that I had my attention on the blind spot I was already half way to seeing clearly.

Impatience had been a problem for me all my life, definitely an Achilles heel. I spent the next couple of hours reflecting on what that behaviour had cost me: when I had put strain the relationship with my boyfriend because of my unreasonable expectations or just missed the moment because of mentally rushing off into the future. There was a lot of apologising to be done but, thankfully, I am greatly loved and my friends and family were gracious.

During that period of time I felt a definite shift in my energy. I felt happier and lighter – more present in the moment than I had felt for ages. Finally, I understood the phrase, “enjoy the journey.” I had heard it countless times but it had never resonated at that level with me, before. It was important to me to really anchor my awareness I this new mindset, so I started to look for quotes that would help.

I was amazed by what I found. There were so many quotes by people who were at the top of their field, from all different backgrounds, that encouraged being in the moment: Sally Field, Marianne Williamson, Oliver Goldsmith, Voltaire, Einstein, Wordsworth and Henry David Thoreau. The most surprising one I came across was from Donald Trump, who said:

“I try to learn from the past but I plan for the future by focusing exclusively on the present. That’s where the fun is.”

“Well,” I thought, “If it’s the key to a multi-billionaire’s success, it’s good enough for me.”

And it has been. It’s incredible just how much happier and more productive I have been by focusing on the journey, instead of rushing towards the future. After all, the present is all that we really have. There are no guarantees how life will unfold but there is magic in every moment, if we just take the time to recognise it.

How to Get Started in Business Online

If you are thinking about getting started in business for yourself through your computer there are several things to consider. The first thing is that you have to change your thinking a bit from the traditional ways of doing business. Creating a business online requires that you begin a learning process of how to market the products you choose to sell. Just publishing a website and hoping that customers will find you will not get you very far. So here are some tips on how to begin.

1) You need to learn how to drive traffic to your website. One of the best ways is through writing articles like the one you are reading. In exchange for the information that I am providing you, for example, as an author and business owner myself, I want to give you useful information that also might stimulate you to want to find out more about me, and thus visit my website. Article marketing is free and it is one of the best ways for people to find out about you and your business.

2) You can upload videos that promote your business or service to sites like YouTube, Yahoo and Google video. We live in a very video driven culture so people are always searching for information for what they need–and they do it by searching through videos online.

3) Sites like Twitter, Facebook and MySpace can be invaluable tools to establish new relationships with people who are looking for what you have to offer. Like interests attract like interests. Let people know something about who you are, but at the same time show a genuine interest in THEM and they will reciprocate.

If you don’t have a product or service of your own to sell, don’t worry, there are a number of companies that are looking for someone with an entrepreneurial spirit to move their products for them. Do your homework, be open-minded, and above all believe in yourself. Starting a business online can be the beginning of a rewarding experience. Just put one foot in front of the other and before long you will get there.