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Vedant SD
Finance Geek | Conte... • 11m
Day 65: The Art of Negotiation: Securing Deals in Bengaluru Negotiation is a crucial skill for any entrepreneur. Whether it's securing funding, striking partnerships, or closing deals, the ability to negotiate effectively can make all the difference. Here are some tips for successful negotiations in Bengaluru's competitive landscape: * Know your bottom line: Clearly define your non-negotiables before entering negotiations. * Do your research: Understand the market value of your product or service to have a strong negotiating position. * Active listening: Pay close attention to the other party's needs and concerns. * Build rapport: Establish a strong relationship with the other party to create a collaborative atmosphere. * Be prepared to walk away: Having a strong alternative can give you more leverage in negotiations. * Practice, practice, practice: Negotiation is a skill that improves with experience. Practice with colleagues or mentors.
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