Bzstartupwisdom commented on the following stories on BizSugar
Definitive Guide on How to Start a Business
"Hi Lyceum, thanks for the comment and tip. I would limit myself to half a day of pre-business plan research. If its all a green light, move forward to the next step. The main bulk of research should be done when building the business plan. The pre-business plan research is intended to be time saving and quick to determine if more time should be spent working on the idea. For many pre-Entrepreneurs, I notice they are always in a state of finding feasible business ideas so this would give them a quick tip to sift through their eureka moments. "« previous1 next »
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Negotiation Strategies I learned from Donald Trump
"Thanks for your input. I think what you mean is the "illusion" of win-win. He is saying, every point of contest is either a win or lose based on your targets. In negotiations, a lose doesn't mean you don't make money or lose money. What it means is, when you go into a negotiation, you have a target, then you have a compromise position to salvage the deal. If you come out negative, the deal obviously doesn't go through. In short, there is no win-win, there is only both sides compromise and didn't gain much, or one side gained, the other compromised more. If both parties could compromise and gain much, then there is another "party" that "lost" ie possibly the consumer. I believe this is what he meant and I agree with him. Note: there is a negotiation tactic that draws attention away from salient points then give in to those to create rapport and compromise. I'm referring to the important ones which impact $$. The ones that usually get deals stuck."