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

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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

Page 2: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Recent Clients & PartnersRecent Clients & Partners

Page 3: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Page 4: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Problem SolvingProblem Solving

InterestsInterests

DealDeal

Postal Service U.S.P.S.

Page 5: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

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.

Page 6: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

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

7% Words / Content

38% Delivery

55% Physical Appearance

Page 7: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Negotiation StrategiesNegotiation Strategies

• Avoidance

• Accommodation

• Competition

• Collaboration

• Compromise

Page 8: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

AlternativesAlternatives

Page 9: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Role of PowerRole of Power

Page 10: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

InfluenceInfluence

Page 11: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Disaggregate GainsDisaggregate Gains

Page 12: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Aggregate LossesAggregate Losses

Page 13: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Punch in the MouthPunch in the Mouth

Page 14: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Foot in the DoorFoot in the Door

Page 15: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Benchmarks & JustificationBenchmarks & Justification

Page 16: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Social ProofSocial Proof

Page 17: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

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

Page 18: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

The Positive NoThe Positive No

“The Power of a Positive No” by William Ury

Page 19: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

The “A” TrapThe “A” Trap

Page 20: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

AAccommodateccommodate

Page 21: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

AAttackttack

Page 22: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

AAvoidvoid

Page 23: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Uncover Your “Yes”Uncover Your “Yes”

Page 24: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Empower Your “No”Empower Your “No”

Page 25: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

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

Page 26: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Express Your “Yes”Express Your “Yes”

Page 27: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Assert Your “No”Assert Your “No”

Page 28: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

Propose Your “Yes”Propose Your “Yes”

Page 29: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

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

Page 30: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

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

Page 31: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

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.

Page 32: Beyond Negotiation 101 for Entrepreneur by Terry Hird

© 2010 Negotiation-International All Rights Reserved

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