Negotiating is an essential part of an entrepreneur’s life because almost everything in business is up for negotiation.
That’s why it’s so important for you to hone your deal-making skills, says BDC Senior Business Advisor, Rony Israel.
“Whether you are discussing the acquisition of a competitor, a better price with a supplier or a salary package with a job candidate—you are negotiating over and over again,” says Israel, who was a long-time entrepreneur before he began advising business owners.
The good news is that negotiating is an art that can be mastered. No matter the topic, Israel advises entrepreneurs to follow these steps to reach the best possible agreement.