5 • 704 Ratings
🗓️ 22 July 2020
⏱️ 37 minutes
🧾️ Download transcript
Not only is it an essential business skill, learning to negotiate is an important LIFE skill!
The truth is, it's easy to get taken when you don't understand the song and dance that goes with some of these deals, especially when you're still green! Overpaying/over-compromising is a classic mistake that you don't have to make so long as you do a little research and learn the basics early!
In this episode, we cover the fundamentals of negotiating a good deal and share a handful of our own experiences.
Video of this podcast is available at YouTube.com/RealBusinessOwners.
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| 0:00.0 | Real Business owners. |
| 0:03.2 | Welcome back to the Real Business Owners podcast. |
| 0:05.7 | This is episode 60, brought to you guys by Easier Accounting and 60-day credit repair. |
| 0:10.9 | It's myself, Trevor Cowley, and Kell Goodman, as usual. |
| 0:14.7 | Guys, today we're going to talk about a topic that I think will benefit a lot of you. |
| 0:19.9 | I mean, throughout our life, everybody's going to have to |
| 0:22.1 | deal with something of this magnitude, right, in terms of negotiations, right? Whether you're |
| 0:28.8 | talking about buying a house or you're negotiating to buy a car, whether you're negotiating a business |
| 0:34.4 | deal, there's always negotiations happening on a day-to-day basis, |
| 0:39.0 | whether they're just micro negotiations or if they're large, life-changing negotiations that |
| 0:44.8 | are happening, whether you're buying a business or an investment or whatever it is, right? |
| 0:49.6 | So we wanted to, you know, do a podcast on negotiations just for your guys's benefit so that you can |
| 0:56.6 | kind of see how we think about negotiations and how we negotiate when we do business deals whether |
| 1:02.7 | it's with a marketing company uh whether it's with us investing money into different businesses |
| 1:08.4 | you know we've done a lot of things over the last, you know, decade or so. |
| 1:12.9 | And obviously, we, if we weren't good in this area, we probably wouldn't be where we're at, right? |
| 1:19.2 | Yeah, Tripp's actually really good at this area. |
| 1:21.3 | So he's like the shark that we send after people if we can't get the deal with what you're not done. |
| 1:26.1 | So I wouldn't, I wouldn't say I'm a shark. I would I would say I would say once we know where we |
| 1:33.2 | stand and what we're willing to do that's you know again it comes back to holding the line right like once we know what we want |
| 1:41.8 | that's what we want and we're not going to really budge off |
| 1:44.3 | it that much, right? |
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