Negotiation ≠ Combat

It may feel like a battle, but remember that you're on the same team... here's why

Negotiate everything.

Most people hate conflict, and a few people enjoy it. Rarely are people “fair to middling’” on confrontation. But dealing with conflict is a secret skill that can be a superpower as a business owner.

If you haven’t shopped around pricing from your supply chain in a while, it’s time. In fact, it’s always time.

You can probably negotiate with your vendors right now.

This can be a delicate conversation, so tread lightly when needed.

Negotiation reminds me of the hit show Stranger Things. Jaded and sarcastic Police Chief Hopper finds himself unexpectedly fathering a quasi-adopted teenage girl, and has to explain the concept of compromise.

He brilliantly uses the phrase “halfway happy”.

You can work together and find a middle ground that everybody is “halfway happy” with. Think about what makes your supplier happy, and align what you’re doing with that goal.

Remember this truth: if you and your suppliers both need each other, then you can create a new win-win scenario.

Find that middle ground.

Onward and upward,
Simon Trask

(I’m a small business owner, advisor, and advocate – learn more here)

This comes to you from Trail 2 of Profit Hiker: 11 Trails to gain lasting elevation in your business. Find the book right here and the program over there.