Showing posts with label negotiate. Show all posts
Showing posts with label negotiate. Show all posts

A former hostage negotiator explains the 4 words you need to use to negotiate with someone in business



Richard Mullender knows a bit about getting his way.
Mullender spent 30 years in the UK police force and then went on to spend five years as a hostage negotiator, working in Afghanistan and the Middle East.
He has the power of persuasion to talk someone out of jumping off a bridge or to prevent an armed kidnapper from killing the person they are holding captive.
Now he runs his own training company, teaching companies about the power of listening.
Mullender gave a crash course in "life-or-death listening" at Advertising Week Europe in London on Monday and revealed the four most important words you need to use if you want to negotiate with someone.

Those words are: "I feel as if ..."

Mullender explained that the best barristers at London's central criminal court, the Old Bailey, weren't the ones that asked endless questions. It was the ones that didn't.
"Don't change the conversation. It's the dumbest thing you can do. The secret is in the rambling. It's the rambling I'm interested in," Mullender said.
Get "I feel as if ..." into your office vocabulary.
Sometimes, in conversation, people ask questions to let the other person "off the hook" and to stop them from rambling. But as soon as people ask questions, they are changing the subject, rather than attempting to interpret how they feel. And it's when people give their opinions that you begin to work them out.
So rather than asking a direct question like: "Why are you doing that?" when attempting to interpret what someone is saying, you should say: "I feel as if ... "
Saying something like "I feel as if something I said upset you," or "I get the impression this is the problem," allows you to interpret their true emotion without offending them, Mullender said.
He added: "It allows you to guess what you think the other person means. If you get it right, they expand on it. If you get it wrong, they correct you and expand on it."

The best way to sit in a meeting

While Mullender said he doesn't ascribe as much value to body language when it comes to negotiation, he said there is a "listening position" that "automatically makes you listen better."
When sitting, lean slightly forward, with open space between you and the person you are listening to. Keep your hands apart with your palms open too, Mullender said.


Leaning forward, not eyeball to eyeball.
"The moment you do that, the body is telling the brain: 'Wake up and smell the coffee,'" Mullender added.
Seating arrangements are vital too when it comes to negotiating with someone. You should never sit directly opposite the person, according to Mullender.
Instead of directly looking at each other eyeball to eyeball — which can feel quite intimidating and tense — the people in the meeting should slightly angle their chairs — at a "1.50" angle if you were looking at a clock face —to give people the opportunity to look away if they feel they need to.
But just as it's important to look away occasionally, Mullender said it's certainly not ideal to do it throughout the entirety of the meeting. People in meetings often take notes throughout, but if the person talking looks around and finds the note-taker isn't keeping eye contact, they tend to go quiet.
Mullender advised note-taking should only take place every five minutes and that this practice should be agreed upon at the start of the meeting: Talk for five minutes, summarize the main points, write down the summary.

5 WAYS TO MAKE YOUR MONEY GROW



It pays to adopt these smart financial rules - literally.




The key to building a bigger bank balance isn’t simply crossing your fingers and hoping to score a windfall or win the lottery. It’s about adopting simple, savvy financial habits that are easy to follow (and remember).

“If you understand the whys, you’re more likely to stick by these rules because they make so much sense,” says Jean Chatzky, whose book, Money Rules: The Simple Path to Lifelong Security, is packed with bite-sized wealth-boosting tips.
Here are five simple money mantras to start fattening up your wallet today...

RULE 1: FIGURE OUT YOUR HOURLY EARNINGS

“Here’s a quick and crafty way to compute your hourly rate,’ says Chatzky. Remove the last three zeros from your annual salary and divide the remaining number in half. For example, if you earn £30,000, that gives you an hourly rate of £15, assuming you work a 40-hour week. “Use this handy formula, in combination with your enjoyment or hatred of the task at hand, to decide when it’s OK to hire someone and which tasks aren’t worth doing at all.” Could you hire someone to weed your garden for £15 an hour, say? If you hate it and earn more then hire away. If you love it and earn more, do it yourself. “And if you earn less, roll up your sleeves and start digging!”

RULE 2: NAME YOUR PRICE ON THE OPEN MARKET

Are you worth more than you’re earning? Or, dare we suggest it, less? “If you’re under-earning, you’re losing money every single day,” says Chatzky. “But if you’re over-earning then you’re ripe for the chopping block and you’d better update your skills or improve productivity.” Compare the size of your wage packet to your peers’ at salary checker sitepaywizard.co.uk. Those figures could be handy as a negotiating tool if you decide to start angling for a pay rise too.

RULE 3: DON'T CLASH OVER SHARED CASH

According to a study by the University of Michigan’s Early Years of Marriage Project, the leading cause of arguments in the first ten years of marriage is, you guessed it, money. “When we talk about compromise and cooperation, it can be abstract,” says financial therapist (yes, that’s a real job nowadays) Amanda Clayman. “But money gives us a quantifiable tool.” To help keep your cool (and your relationship), schedule a monthly check-in meeting where you pay all the bills and tally up the month’s spending. Do it somewhere public, so there’s no raised voices – and, ideally, somewhere nice so it feels like a treat. Just make sure it doesn’t cost too much as that kind of defeats the purpose.

RULE 4: NEGOTIATE ON EVERYTHING

Walk into a retailer with a fistful of ads from competitors such as Amazon, to remind the sales person you can get the same product elsewhere. Then “dive in with your price,” says Terry Bacon, author of Elements of Influence. “Try 20% below the lowest price you’ve seen elsewhere as a starting point for negotiation.” As for that awkward opening gambit, try: ‘I like this but what can we do about the price?” This makes it seem like you’re working together, says Carol Kinsey Goman, Ph.D and author of The Silent Language of Leaders. And always offer to pay in cash. It will save the store the cut it has to give the credit card company, which can be up to 7% of the item’s price, adds Bacon.

RULE 5: NET FREEBIES WITH SOCIAL MEDIA

“Many brands and retailers use Facebook and Twitter to post special deals or previews of sales,’ says Melissa Littler from discount fashion e-tailer Brand Alley. “So make sure you ‘friend’ your favourite brands on Facebook. Twitter, meanwhile, is a great source of completely free stuff, with brands giving away goodies in return for your tweets. Or use a hashtag (the # symbol) to hunt down giveaways. Just type ‘# freebies’ or ‘# free stuff’ into the search box to pull up all freebie-related topics. Kerching!
http://www.womenshealthmag.co.uk/life-skills/money/241/trap-your-money/