"A Winner's Guide to Negotiating: How Conversations Get Deals Done" by Molly Fletcher (McGraw-Hill, $18).
As a sports and entertainment agent, who worked on $500 million in deals over two decades, Fletcher experienced the good and bad sides of negotiating tactics. She sees successful negotiation as a five-step process:
1. "Setting the stage" — Practice "360-degree awareness" by doing your homework. That starts with knowing why (yours and theirs) because why provides clarity of expectations. It provides a baseline for identifying things both sides value — including trust and respect.
Awareness also involves knowing the marketplace. People have other choices. Do your market research. Look at your competition's website; pay attention to their social media presence. Look at what's said about them in the news. If you lost deals to them, try to find out why.
Read more from HartfordBusiness.com [HERE].