Sharpen Your Negotiating Skills

When you think about it, life is a series of negotiations. The American Heritage Dictionary defines negotiate as conferring with another or others in order to come to terms or reach an agreement. You negotiate with others far more often than you may realize–negotiations that include interactions with family and friends, getting the best deal on a consumer purchase, and a wide variety of business activities.

Though effective negotiating does come more easily to some than others, it’s a skill that anyone can learn and everyone should. Though the consumer culture in the United States doesn’t leave much room for negotiation–you’re not, for example, likely to be able to dicker over price in a major department store–there are still plenty of opportunities for negotiating. The clerk at Bloomingdale’s might not have the authority to give you a discount, but the owner of a small store certainly could. And if you’re in business, you’ll find yourself negotiating on a wide range of issues on a daily basis, from prices and terms with vendors to salary and benefit packages with employees.

Fundamentals of negotiating

There are three fundamental components of negotiating: listening, obtaining information, and overcoming objections, and they occur simultaneously. To be a good negotiator, you don’t need to be pushy or overbearing, you don’t need to be the loudest or most forceful speaker, and most importantly, you don’t need to be offensive. Successful negotiations come from understanding these three components and using them in a way that results in a win-win transaction.

Good listeners place as much or more emphasis on what others are saying than on what they themselves are saying or planning to say. You can develop your own listening skills by changing your attitude from one that is self-centered to one that focuses on the other person. When you are truly focused on what the person you are negotiating with has to say, the information gathering process is enhanced. And that brings us to the second component of negotiating: obtaining information.

In order to propose an acceptable agreement, you need to understand what both parties need. You already know, of course, what will work for you; asking good questions and then listening carefully to the answers is a very direct and quite effective way to find out what will work for the other person.

Finally, as you negotiate, you will have to overcome objections. Many people fear objections, but a good negotiator welcomes them. Why? Because what is often perceived as an obstacle is really just a request for more information. When people seek more information, it usually means they are looking for reasons or ways to make the deal work.

Objections typically come in the form of questions but may be statements. If possible, find out what’s behind the objection before you respond to it. You may discover that it’s not really an objection at all.

Good negotiators are not adversarial or challenging. They listen, gather data, and address concerns, then offer a proposal that will work for all parties. Develop and refine your negotiating skills and you’ll find that every aspect of your life will become much smoother and more rewarding.

7 Steps For a Successful Presentation

Public speaking is fun, and can be very rewarding with the proper preparation. The following steps will help you breeze through your next presentation.

1. Prepare well. Do your research, and develop a checklist of your needs. You’ll include the usual items (laptop and projector, for example), but don’t forget a marker and/or pointer, your reading glasses, and other details. Don’t rely on memory. It’s too easy to forget those things.

2. Anticipate questions from the audience. You can’t plan for all, but answers to a half dozen or so of the most likely questions should be committed to memory.

3. Develop notes or a script, especially if you’re not using PowerPoint. Don’t try to wing it. Notes keep you on message and help keep you on time. An outline format works best.

4. Rehearse, rehearse, rehearse. I can’t emphasize this enough. Try to get your material down cold. This will maximize your eye contact and create a more natural, conversational tone. Practice responding to the questions you listed in Step 2, especially if you’ll be nervous during the presentation. By practicing, your answers will sound more natural and confident.

Record yourself, if possible. Listen for any glitches (um’s, ah’s, you know’s), as well as any other speech patterns that should be corrected.

5. Arrive early. This gives you a chance to get accustomed to the room and test your equipment a final time. You can set up the presentation area to your liking, and acclimate yourself to any distractions, such as outside noise, poor lighting and odd acoustics. Mingle with the audience for a bit. That will help settle any jitters.

6. Don’t let a mistake bother you. Everyone slips up on occasion. Plow on. If you forget something, try to come back to the point, or skip it. Your audience will never know what they didn’t hear. If it’s a more obvious glitch – say, you bump into something – mutter an “oops” and move on. Don’t dwell on it, as that will just draw attention to the error and make you feel more uncomfortable.

7. Speak frequently. To maintain your edge, get out and speak whenever possible. Rotary, Kiwanis, and Lions clubs, among other groups, need speakers on a regular basis. They enjoy a variety of subject matter, so don’t feel you’re confined to business-related topics. I’ve spoken about amateur radio; what hobbies can you talk about for 20 minutes or so?

Seminars and other presentations help you refine your communication skills and enhance your professional development. Take advantage of any opportunity to speak before an audience. You’ll enjoy the experience.

Your Present Credit Card May Not Be Suitable While Traveling Abroad

When you travel abroad, credit card is the most effective method of carrying money which you. However, your present card may not be financially convenient for such use. Check on these important tips to get the things right -

1. Inform your card company about your travel as a precaution – If the card company sees use of your card at a strange place, it may suspend your account and will try to contact you. In the possibility of no contact, the credit card will remain suspended. You will never know why your credit card is refused and with this first jerk in your travel, you will have to run around for arranging money! It takes only a phone call to inform your credit card company about your travel plan.

2. Check the acceptability of the card – You should ensure that your card will be accepted in the region where you are traveling.

3. Read the cardholder agreement carefully – You should understand the fine print in the agreement. You may not have the agreement in the first place and will have to call your card issuer to get a copy. You can clear all the uncertainties about the transactions abroad.

4. Ask all your doubts to their customer service representative – This is very important because it will give you confidence while using the card abroad. There will be certain amount fees which your card issuers may charge. There may be huge fees for withdrawing cash from ATMs abroad. There is no use asking these questions when you come back. You should also know what to do when your card is lost. Also, make sure about the cover your card issuer is offering for fraudulent transactions.

5. Understand the rate of exchange – You should be clear about the basis on which your company will charge you for conversion of currency. This is a common mistake by most of the international travelers because spending becomes very expensive on an adverse rate of exchange.

6. Carry with you the contact numbers of customer service – If anything goes wrong, you should have a number to call to your card company to get help. The normal number which you use regularly may not be useful for international calls.

7. Check the expiry dates – You should check the date of expiry of your card and the limit available to you on the card. You cannot increase the limit while you are traveling.

8. Preserve all the receipts – If you are overcharged in a particular transaction, you should be able to produce a receipt is to your card company so that you can prove the details.

9. Always check carefully any bill before you sign it. If the bill is in US dollars, you may ask for the bill in the local currency of that country.

If you feel that the present card will prove expensive and inconvenient, you can switch to another card temporarily. It is very convenient feeling to swipe your card while traveling overseas, but when you come back and receive a statement from your card company, the shock should not spoil your entire travel pleasure.

Traveling abroad with ‘loaded’ credit cards is everybody’s dream. But with exorbitant fees and conversion charges, the trip may leave a bitter test at the end. How to avoid it? Well you can do it very easily. Chintamani Abhyankar provides useful tips and advice on precautions while using your credit card abroad.