The 3 Biggest Mistakes People Make During Negotiations with Kwame Christian M.A. Esquire
Listen now
Description
Negotiation is all around us, whether we see it or not. Whether it’s a business negotiation, an argument in a relationship, or convincing your child to eat their greens, you’re always negotiating. With us on today’s episode is Kwame Christian M.A. Esquire, host of the Negotiate Everything podcast and author of Finding Confidence in Conflict. Most people think you have to be a lawyer to be an expert negotiator. Kwame argues that this isn’t true. Since we are constantly negotiating every day, we have the ability to level up our skills to become experts in debating and negotiating. He stresses that winning a negotiation doesn’t mean beating your opponent so they’re embarrassed at the end. It means giving you AND the opponent the ability to walk away from the situation with a win. Kwame preaches “compassionate curiosity” as one of the best ways to research how an opponent may answer questions you present to them. Tie this with some creative problem solving, and you’ll come out of the debate a winner. As real estate investors, this is especially key to our line of business. We’re constantly debating with sellers, buyers, appraisers and more to get outcomes that benefit us. But how can we suggest an outcome that makes the negotiating partner feel good and presents us with future opportunities? You’ll have to listen to find out! In This Episode We Cover:Why negotiating isn’t just arguing and how to find wins for both partiesUsing “The Empathy Loop” as a tactic to have the other party feel heardThe 3 pillars of negotiation, and keeping them in mind when we debateThe biggest mistakes people make when negotiatingResearch vs. preparation (when to use which for what)Compassionate curiosity and seeing your opponents point of viewMaintaining your “form” throughout negotiationAnd So Much More!Links from the ShowPrevious BiggerPockets Business EpisodesFinding Confidence in Conflict | Kwame Christian | TEDxDaytonAmerican Negotiation Institute Guides (Gift)Virtual Negotiation and Conflict Resolution Handbook (Gift)Check the full show notes here: http://biggerpockets.com/bizshow92
More Episodes
Published 04/27/21
Successful business owners are addicted to building businesses, sometimes to their folly. For someone like Codie Sanchez, this isn’t a problem, but a superpower. Codie is a journalist, a venture capital partner, an angel investor, and an entrepreneur. She loves, as she puts it, “building herself...
Published 04/27/21
It’s hard for real estate investors to get started, especially without a mentor, a background in real estate, or an existing network. Many of those interested in buying profitable, cash-flowing real estate are busy with their 9-5 job or even running their own business. This was at least the case...
Published 04/20/21