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Best Practices Negotiating Personal Development

Stop Pitching, Start Listening

Stop Pitching, Start Listening

I still remember the moment I realized I wasn’t actually listening.

It was a meeting with a potential donor—someone whose name carried weight in philanthropic circles. I had prepared meticulously, armed with impact reports, success stories, and a well-crafted pitch. I sat across from him, eager to secure his support, and as he spoke, I nodded along, waiting for the perfect moment to insert my points.

At one point, he paused, looking directly at me.

“You’re not really hearing me, are you?” he asked, a slight smirk on his face.

I was stunned. Of course, I was hearing him! I could repeat back everything he had just said. But that wasn’t what he meant.

“I know what you want from me,” he continued, “but do you even know what I want?”

In that instant, I realized my mistake. It was as though I was a child fixated on the candy on the table just out of reach. I had been so focused on presenting my case, so busy thinking about how to guide the conversation toward a commitment, that I had completely missed the opportunity to truly understand his perspective. I had mistaken hearing for listening.

That conversation changed everything for me. It forced me to rethink my approach—not just with donors, but with corporate sponsors, customers, and every relationship I sought to build. I had to stop making conversations about me and start making them about them.

Who Is the Customer, Really?

One of the biggest shifts I had to make was recognizing who my “customer” really was.

For years, I had thought of donors and sponsors as the primary audience—the ones funding the work, the ones writing the checks. But they weren’t the true customers. The people who benefited from the work we did—the families receiving assistance, the students gaining scholarships, the communities being uplifted—they were the true customers.

Donors weren’t paying for a service for themselves; they were paying to create an impact in someone else’s life.

I started asking myself: Am I talking to donors in a way that connects them to the people they want to help? Or am I just treating them as sources of funding?

That realization led me to a crucial question that changed the way I interacted with every donor, sponsor, and customer:

“What does this person actually want?”

Not just what they say they want—but what’s driving them on a deeper level.

Getting Past the Surface: Learning to Listen for What Really Matters

The first thing I had to do was train myself to stop assuming I knew what people wanted. Too often, we hear phrases like:

  • “I want to support a cause that aligns with my company’s values.”
  • “I’m looking for a way to give back.”
  • “We’re interested in corporate sponsorships that fit our brand.”

These sound straightforward. But what do they really mean? I had been taking these statements at face value instead of digging deeper.

So I started asking different kinds of questions:

  • “What led you to take an interest in this cause?”
  • “Can you share a time when giving to an organization felt truly meaningful for you?”
  • “What does a successful partnership look like to you?”

And then—most importantly—I learned to shut up.

I forced myself to listen, not just to the words, but to the tone, the emotion, the pauses. I started paying attention to what people weren’t saying. And in doing so, I discovered the unspoken motivations that drive real action.

For instance, one donor told me she wanted to give because she “believed in education.” But when I listened more carefully, I realized she wasn’t just talking about education in general—she was passionate about first-generation college students because she had been one herself.

By hearing what was beneath her words, I was able to connect her with a specific initiative that resonated with her personal story. That single moment of deep listening led to one of the largest commitments our organization had ever received.

Breaking the Habit of Transactional Listening

Most of us think we’re good listeners. But in reality, we’re just good at waiting for our turn to talk.

Busy, high-achieving people—whether donors, corporate sponsors, or customers—are especially prone to this. Their minds are always moving, always anticipating the next step, always looking for efficiency. And because I, too, had fallen into that habit, I was unintentionally mirroring it in my conversations.

I had to retrain myself to stop thinking about my response while the other person was still talking. Instead, I started focusing entirely on their words, allowing a pause before I responded, and repeating back key points to confirm I had understood them.

I also learned that the best way to show someone I was truly listening was to ask better follow-up questions:

  • “That’s really interesting—can you tell me more about what that experience was like for you?”
  • “You mentioned wanting to make a bigger impact. What does that look like in your mind?”
  • “I hear that visibility is important for you—what kind of audience are you hoping to reach?”

This approach created something I hadn’t expected: trust.

The more I listened, the more donors, sponsors, and customers opened up. They told me things they hadn’t shared with other organizations because, for once, someone was actually hearing them.

The Follow-Up: Where Real Relationships Are Built

Another hard lesson I learned? Listening doesn’t end when the conversation does.

Early on, I was guilty of having a great first meeting, then following up with a generic email:

“Thanks for your time. Looking forward to working together.”

I might as well have said, “I don’t actually remember anything you said.”

Real listening means closing the loop in a way that proves you heard them.

Now, my follow-ups sound more like this:

“John, I really appreciated our conversation about how corporate partnerships can also serve as employee engagement tools. I took a look at your past CSR initiatives, and I think we could build something that connects with what you’ve already been doing. I’d love to explore that with you—when would be a good time to discuss next steps?”

A follow-up like that shows:

  1. I paid attention.
  2. I understand their priorities.
  3. I’m thinking about how to create something valuable for them.

That kind of listening leads to relationships—not just transactions.

Listening Is the Ultimate Competitive Advantage

Most people in fundraising, sales, or business development spend too much time convincing and not enough time understanding.

What I learned the hard way is that people don’t invest in organizations. They invest in relationships.

And relationships are built on feeling heard, seen, and valued.

If you want to build lasting connections with donors, sponsors, or customers, stop crafting the perfect pitch. Stop trying to be the smartest person in the room. Stop focusing on what you need.

Instead, sit down, ask the right questions, and truly listen.

Because when people feel heard, they don’t just give money or sign deals.

They commit.

 

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Negotiating Personal Development Women In Business

Perils of Failing to Properly Prepare for Negotiation Part I

If you’re looking to up-level your negotiation abilities, what’s the one thing you’re most likely to focus on? If you’re like most people, you’d go looking for tips on negotiation tactics. While it’s helpful to understand tactics, the most important element of effective negotiation is preparation. Sadly, it’s typically the most over-looked element in the process. The cost for that oversight is high.

Let’s first explore the perils of failing to properly prepare for negotiation. In Part I of this mini-series, we’ll uncover why preparation is important and the pitfalls of ignoring the process. In the next instalments, we’ll turn to some simple solid strategies you can use to boost your preparation effectiveness.

When people think of the elements of negotiation, leverage, tools, and skills usually first jump to mind. Leverage, tools and skills are valuable in a negotiation, but without effective preparation they are largely wasted. Even with leverage on your side, failing to consider, with intention, how to best use it is a lost opportunity. Having power without strategy, facts or focus renders the power of little value. Preparation will almost always trump power without preparation. In fact, preparation is power in a negotiation.

Likewise, skills without focus and direction will be of little use. We all know of examples of people with natural talents who never achieve their potential as they don’t work at the talent. No practice, no preparation, no results. I’ve often seen a naturally skilled negotiator get bested by someone with less natural skill and ability, but who put in the work to prepare for the negotiation.

Diligent and intentional preparation can level the playing field and then some. In fact, some experts suggest that preparation accounts for 45% of ones’ success in bargaining. Rushing into a negotiation without thorough preparation is one of the top negotiation mistakes, as is trying to fly by the seat of your pants. Preparation first involves preparing yourself – doing the inner work necessary to be able to show up as the best version of yourself. Also be sure to consider the other party. Prepare for how to best deal with each individual negotiation counter-part. Once you’ve mastered that, then turn to the process of the negotiation and how you can best utilize process for best outcomes. Then comes the preparation for the substance or matter of the negotiation.

Note that having strongly held views about what you want is not enough. I’ve seen many deals fall apart because one or both parties hadn’t done their preparation. You can end up walking away from a deal that could have benefitted you, or alternatively jump into a deal that doesn’t if you haven’t been thorough in your prep process.

Without systematic preparation processes, you’re more likely to become attached to a particular result and lack the requisite flexibility to come up with more creative outcomes that better serve both parties. This attachment blocks opportunities for better solutions and can have beneficial deals go south and/or disastrous deals go forward.

Ego is also more likely to show up in the room when you haven’t done your homework in advance. You’ll lack the requisite clarity and focus to make informed decisions. You’ll be easier to manipulate, less likely to keep your eye on the real target, and less likely to ascertain the needs of the other party – all of which are the kiss of death in most negotiations.

Fears are more likely to raise their ugly heads and tank your effectiveness and outcomes when you haven’t properly prepared. Fear of ‘losing’ and fear of the unknown are particularly popular problems arising from lack of preparation as is fear of being judged. You’re more likely to become reactive when these fears kick in and when you haven’t planned for all contingencies.

In addition, failure to fully prepare likely means you’ve forfeited valuable opportunities to consider the most advantageous timing and setting for your negotiations – both of which can move the dial when brought to bear with foresight. You won’t have the benefit of knowing your deep ‘why’ to keep you on track and motivated to get best results.

Perhaps most importantly, at the core of the negotiation, you won’t be likely to choose ‘who’ you show up as in the negotiation. This single factor alone can ensure better outcomes when approached with intention.

In addition to these key ‘inner’ aspects of preparation, it goes without saying that doing your homework around knowing your best alternative to a negotiated agreement (BATNA) as well as your resistance point/reservation price; setting your aspiration levels; having all relevant facts and figures (both for and against your position); exploring all possible arguments to support your position and anticipating those of the other party; prioritizing your interests and expecting the other party’s likely priorities; planning for concessions; determining best processes for improved outcomes; contemplating both yours and the other party’s potential biases; determining where the likely zone of potential agreement (ZOPA) lies; etc. are instrumental and should all be part of your regular preparation process.

Negotiation at its heart is about the art of influence and persuasion. Preparation enhances your ability to do both. Your success in negotiation largely depends on the quality of your preparation.

Hopefully, this has raised your awareness about the inherent value in preparation. In our next instalment, let’s dig in to a few of my favorite signature preparation models to help you get the best possible outcomes in your negotiations. And remember, all of life is a negotiation so you can apply these models to great effect in both your personal and professional life.

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Negotiating Personal Development Women In Business

How to Give it and Get Respect in Negotiations

R-e-s-p-e-c-t. In 1967 Aretha Franklin belted out this powerful little word, rocking a nation and taking it to the top of the charts. It became a feminist anthem, a black-power anthem and a personal anthem for many. The word resonates for me as it reminds me of my late father. My dad loved Aretha, and he always preached at my sister and I to remember that everyone deserves to be treated with dignity and respect.

In my last article, I talked about building trust in negotiations. I mentioned that respect and trust are closely connected. Respect breeds respect and in so doing builds trust. Respect is an important element of negotiation. It’s important to give it and to earn it. In fact, I’d postulate that you have to give respect to earn it.

I’m not talking here about the misuse of the word, where we speak of ‘grudging respect’ for someone. Grudging respect is usually fear-based at its core. When people comply, obey, demure out of fear, that’s not really respect. And it’s not a healthy basis for negotiations in a relationship, whether personal or professional. When people try to exert power over another, even when they’re successful, they haven’t earned respect, and so have not created a strong foundation for effective negotiation or superior outcomes.

Having said that, you can respect someone’s achievements without liking how they got there. And you can respect someone’s achievements and how they got there, and still not like the person.

So, how does respect show up? It’s recognizing someone else’s humanity or personhood. It’s seeking to listen and understand the other person. It’s ensuring you don’t see the other person as a mere means to an end. Many think this is tricky in negotiation, but I invite you to consider that this view likely comes from a win-lose/zero-sum/positional/distributive approach to negotiation as opposed to a collaborative/principled/integrative approach.

This fixed mindset approach to negotiations can interfere with your ability to bring the requisite level of respect to the table and so interfere with your ability to get better buy-in and better outcomes. We often come from this place based on our conditioning and the myths we’ve accepted about negotiation i.e. that negotiation is all about toughness, about never ceding any ground, about competition. Not true. Not true. Not true.

Self-protection is another key source of interference in our ability to give (and so receive) respect in negotiating our relationships. When we come from our ‘lower loop’ in self-protective mode as opposed to our ‘upper loop’ of self-leadership, we’re less likely to be able to show up as the best version of ourselves and show respect to other party.

I challenge you to consider whether you have been showing respect to the other party/parties in your negotiations. In particular, I’d like to challenge you to consider if you’re showing up with respect in the following scenarios:

I           Dealing with Children

In negotiating with children (whether your own or others) do you truly listen and seek to understand and meet their needs? Do you drop all distractions, give undivided attention, listen without interrupting or interjecting your opinions/suggestions/interpretations? Do you use body language and other nonverbal cues to demonstrate that you’re listening? Do you reflect back what they’ve said to ensure you understood correctly?

If you’re like most people, and if you’re being honest, the answer to those questions is likely a resounding no. We tend to exert power over children rather than seeking to establish power with them. We assume we know best and no matter how well-intentioned we may be, it signals a lack of respect to our children. It makes them feel unvalued, unimportant, ‘less than’. It also interferes with the ability to come to mutually superior solutions. Perhaps most importantly, as noted earlier, if we’re not giving respect, we’re not likely to earn authentic respect.

I encourage you to get intentional about bringing respect to all discussions when negotiating your relationship with your children (or others). You may be pleasantly surprised at the results.

I also caution you to beware that this approach becomes even more challenging as our children transition into adulthood. Letting go can be difficult. As we resist, we fail to give the much-needed respect to ensure their self-esteem and ability to grow in healthy ways (in their relationship with us and beyond).

As noted above, our lack of respect often comes from a place of perceived love and caring. It is our fears, hopes and dreams for our children that drive us to interfere, overwhelm and smother them rather than taking a pause, a deep breath, and a perspective shift to put ourself in their shoes, or allow them to let us see through their eyes. It’s only when we allow ourselves to see from that vantage point that we can give them the space to get creative. When we value and respect their viewpoint, we’re more likely to trigger reciprocal respect.

II          Dealing with the Elderly

Much like the challenges in transitioning as our kids grow into adults, we tend to drop the ball in negotiating our relationship with our aging parents (or other seniors) as well. Again, this often comes from a place of fear. As we see our once all-knowing and powerful parents decline, it shakes our foundation. We respond by imposing our views and our will. We don’t show them the respect they earned after a lifetime of contribution.

III         Dealing with Co-workers

Likewise, in the workplace, as our co-workers grow, develop and transition to next levels, it can be difficult to navigate these changes. We may continue to treat them as underlings and in so doing disrespect them and damage our relationship in the process.

IV         Dealing with Mental Health Issues

Your final challenge is to consider how you show up with people in your life who deal with mental health issues. Do you give them the respect and trust they deserve? Do you really listen (to the verbal and nonverbal communication)? Do you get intentional about understanding the issue from their perspective and point of view? Or, do you, thinking you’re coming from an altruistic place, seek to ‘help’ by exerting power over them?

Next time you’re going into a negotiation, whether in your personal or professional life, just remember to give – as Aretha would say – just a little bit of respect. And you’ll likely get it back in spades.

Categories
Advice Leadership Negotiating

Unlocking the Power of Intrinsic Motivation

Intrinsic motivation is an internal drive that goes beyond external rewards, igniting a sense of purpose and personal satisfaction. My book Ingaging Leadership: The Ultimate Edition explores how intrinsic motivation can be a transformative force in enhancing employee engagement, satisfaction, and performance.

In today’s workplace, where traditional incentives like bonuses and promotions don’t always lead to long-term engagement, intrinsic motivation becomes crucial. This approach, which is about connecting employees with meaningful and fulfilling work, can be the key to a more motivated, productive workforce.

What is Intrinsic Motivation?

Intrinsic motivation is fueled by personal fulfillment, a sense of achievement, and alignment with one’s values and goals. It stands in contrast to extrinsic motivation, which relies on external factors such as monetary rewards or recognition. Employees driven by intrinsic motivation work because they genuinely enjoy what they do, feel connected to the purpose of their work, and gain satisfaction from their contributions. This internal drive makes them more resilient and often more creative in overcoming challenges.

Why It Matters

There are several reasons intrinsic motivation is essential in the workplace:

Sustainable Engagement: When employees are intrinsically motivated, their commitment is more likely to last. They don’t just work for a paycheck; they work because they care about the outcomes of their efforts, leading to consistent engagement.
Higher Performance: Intrinsically motivated employees are typically more dedicated and go the extra mile. They invest greater mental and emotional energy in their tasks, often leading to higher-quality work and innovation.
Greater Satisfaction: When employees feel connected to what they do, their job satisfaction increases. This sense of personal achievement and relevance creates a positive work experience, which benefits both the employee and the company.

Practical Tips for Leaders

My book provides leaders with actionable strategies to unlock intrinsic motivation in their teams:

Align Roles with Passions: Help employees work on tasks that match their strengths and interests. When people enjoy what they do, they’re more motivated to excel.
Foster Autonomy: Give employees the freedom to make decisions and take ownership of their projects. Autonomy can empower them to approach challenges creatively and confidently.
Provide Purpose: Make sure employees understand how their work impacts the broader mission of the organization. When individuals see the big picture, they’re more likely to feel invested in the results.

Conclusion

Unlocking intrinsic motivation can elevate employee engagement and performance, leading to a more productive, satisfied workforce. For more insights on fostering intrinsic motivation, my book Ingaging Leadership is a valuable resource for leaders and managers alike.

 

Categories
Entrepreneurship Negotiating Networking

ON THE SUBJECT OF TRUST

ON THE SUBJECT OF TRUST

Universally acknowledged is the undeniable importance of trust in fostering strong and thriving relationships. Regrettably, trust often goes unnoticed until it shatters, leaving individuals to grapple with the aftermath. At such a dire juncture, rectifying the harm inflicted may prove an insurmountable challenge.

Instead of relying on happenstance, we must actively concentrate on cultivating trust. By directing our attention towards this goal, our energy will naturally gravitate in that direction, aiding us in achieving it. As we embark on the journey of building high-trust relationships, it is imperative to bear in mind three fundamental truths about trust. Firstly, trust is not an incidental occurrence; rather, it is a skill that can be acquired and honed through deliberate and conscientious efforts.

The essence of trust lies in its nature as a skill rather than a mere spontaneous occurrence. Acquiring and nurturing trust demands intentional dedication and effort. To embark on this journey, having a clear framework that defines the components of trust within a relationship proves beneficial. In our Building Trust training program, we rely on the ABCD Trust Model, a powerful representation of the four pivotal elements of trust. When cultivating trust within a relationship, one must embody the qualities of being Able, Believable, Connected, and Dependable. Demonstrating competence, credibility, establishing meaningful connections, and unwavering reliability all play instrumental roles in building trust between individuals.

Trust is not merely an abstract, feel-good concept but rather a tangible skill that

can be honed through competence, integrity, connection, and dependability. The first element, “Able,” emphasizes the significance of being trusted due to one’s proficiency and expertise. When individuals exhibit knowledge, skills, and capabilities relevant to their roles, they naturally become trustworthy in their endeavors. The second element, “Believable,” centers on acting with integrity, adhering to personal and organizational values, and conducting oneself honestly, ethically, and fairly in all interactions. Establishing a sense of credibility and trustworthiness relies heavily on upholding these principles.

Moving forward, the third element, “Connected,” highlights the importance of building rapport and effective communication with others. Those who genuinely care about the well-being of their peers foster trust through genuine connections. The final element, “Dependable,” accentuates the value of keeping promises and being accountable, responsive, and reliable in fulfilling commitments. Such consistency and reliability create a strong foundation for trust within relationships.

The correlation between trust and organizational success is undeniable. Trust doesn’t solely reside within the realm of soft skills; it drives tangible results within organizations. Extensive research by the Great Place to Work Institute reveals that high-trust organizations boast a remarkable 50% lower turnover rate than their low-trust counterparts.

Furthermore, employees who trust their leaders perform 20% better and display an astounding 87% reduced likelihood of leaving the organization. The benefits of trust extend

regular performance, trustworthy employees are more inclined to remain with the organization, endorse it as a desirable workplace, and actively contribute to the collective welfare.

Taking the initiative to extend trust plays a crucial role in its development. Trust and risk go hand in hand, requiring someone to take the initial leap of faith. By trusting others, we set the stage for them to prove their trustworthiness and reciprocate the gesture. This virtuous cycle strengthens the foundation of trust within our relationships.

Like tending to a garden, building trust demands effort and consistency. Planting the seeds of trust, nurturing their growth, and consistently fostering their development is essential to witnessing the gradual but rewarding growth of high-trust relationships over time.

Trust is far from an intangible concept; it is a learnable skill built upon competence, integrity, connection, and dependability. Organizations that prioritize trust witness substantial benefits, and trustworthiness begins with individuals extending trust to others. Nurturing trust within relationships requires ongoing effort and patience, but the eventual rewards are invaluable, akin to a bountiful garden yielding the fruits of high-trust relationships.

Categories
Negotiating Personal Development Women In Business

Do You Know What You Want and Insist on Getting It?

Do you know what you want and insist on getting it? I was reminded of this on vacation in Tahiti when a skinny stray cat came begging at my table. She was clearly hungry – bordering on emaciated (although gorgeous) – yet she refused my proffered treats of shrimp, rice and avocado (all I had to offer from my poke bowl), only deigning to accept my offering when I ‘borrowed’ some fish from my hubby’s plate.

Gotta love a girl who knows what she wants and doesn’t settle for less. Would you say that about yourself? Are you someone who knows what they want and insists on getting it? If you’re like most people, the honest answer to that is probably, “not really”.

Why is that? Why do we allow ourselves to go through life settling for less than our heart’s desire?

Here’s a few tips and insights to help you on the path to getting more of what you want and deserve …

I Work on Self-Love and Self-Worth

If you don’t value yourself, you will inevitably ask for less and get less than you deserve. If you seek external validation rather than building an unshakable sense of self-worth, you will sell yourself short. If you don’t own your value, others won’t recognize it.

Don’t make yourself smaller or play small. Don’t shy away from receiving. Recognize that you deserve great things in life.

How? Create your personal brag list. Start by listing things you love about yourself. Consider all the positive attributes, assets, and accomplishments. Consider the tangible and intangible, the physical, mental, and attitudinal. Include your qualities as well as your skills. This exercise is a valuable and critical way to retrain your brain – to undo the negative conditioning that you’ve been inundated with since childhood.

Read your brag list each night before bed, allow it to wash over you and absorb its essence. Add to your brag list each night and let yourself bask in a sense of your own worth as you sleep.

Our intrepid kitty loved herself enough to turn down what didn’t suit her and insist on getting what she loved.

 

II Get Clarity

While it seems obvious that clarity is important, most people fall short in achieving their dreams because they lack clarity about what that looks like. You can’t hit a fuzzy target in darts, archery or in life. Take time to drill down about what you truly seek in every aspect of your life.

Imagine that it’s 10 years from now. What do you desire in your life in each of the following categories:

  • Health & Fitness
  • Finance & Wealth
  • Mission & Vision
  • Growth and Learning
  • Career
  • Family and Friends
  • Mission and Vision
  • Emotional and Mental
  • Quality of Life
  • Spiritual
  • Intimate/Romantic Relationships

 

Don’t make the mistake of only focusing on one category. It’s important to build balance into your life view.

And as you explore each category, be sure to invoke all your senses. Allow yourself to see it, hear it, taste it, feel it, and smell it. Be as specific as possible to really anchor in those desires to improve your ability to live into them.

Our kitty heroine had absolute clarity about what she was seeking … and as a result she got it.

 

III Set Boundaries

In addition to knowing what you do want in your life, it’s important to have clarity around what you won’t tolerate. Setting boundaries is an often-overlooked aspect of negotiating our best lives.

Without boundaries, it’s a slippery slope to accepting less than what we want and actually undercutting our ability to achieve our true heart’s desires. While I advocate flexibility in any negotiation (to enable pivoting when the information you relied upon changes or when a better option presents itself), it’s important to set intentional parameters going in. These are sometimes known as your ‘bottom line’, or ‘resistance point’.

Considering these boundaries in advance avoids getting caught up in the moment and making choices that don’t serve your long-time goals and vision.

The kitty heroine in our story not only knew what she wanted but had clarity around what she didn’t want. She wasn’t willing to take scraps that didn’t satisfy her specific desires and needs.

 

IV Go For It

Once you have practiced self-love, gotten clarity about what you seek and boundaries beyond which you’re not willing to compromise or settle, then go for it. So many people spend time thinking and analyzing and dreaming but fail to get into action to make those dreams a reality.

  • Don’t make excuses about your inaction (the timing is off, etc).
  • Don’t procrastinate, living a ‘one day’ mindset (when this happens, I’ll move forward with my plans).
  • Don’t wait for perfection.
  • Don’t let your fears hold you back (i.e. fear of the unknown, fear of rejection, fear of being judged, fear of failure … or success).

Instead, get into action. Ask for what you want. Follow up.

In doing so, you will dramatically increase your odds of getting what you want in life.

Categories
Negotiating Personal Development Women In Business

How to Negotiate Self-Regulation

I’ve noticed an increase in emotional turmoil recently – both within my household and in the broader world at large. As I dealt with the issues giving rise to the turmoil and emotional upheaval in the lives of those closest to me, it got me to thinking about the corresponding turmoil and malaise beyond our doors and beyond borders. It struck me that a common denominator at the core of some of this unrest is self-regulation … or more accurately, the lack of self-regulation. And so, I decided to dedicate this post to this important issue.

What is it?

Self-regulation starts with awareness (about your thoughts, feelings, and actions). Much lip-service is paid to the concept of self-awareness these days. And yet, with our increasing technological reliance and decreasing human interaction, an argument can be made that we’re seeing less actual self-awareness.

I often say that our first and most important negotiation is with ourselves … negotiating our mindset. Recognizing that we engage in this negotiation constantly throughout our day, allows us to increase our intentionality around how we choose to show up. Don’t allow yourself to buy into the myth that your thoughts, feelings and reactions are beyond your control. Choose to engage in this negotiation with full awareness.

Why does it matter?

Self-regulation is key to successful relationships. This is critical as human connection is a universal need and desire. In fact, the quality of our relationships has been recognized as the #1 correlative factor determining our longevity in life. Note too, that human connection includes deeper connection and alignment with ourselves.

Self-regulation improves our well-being and determines our overall success in life. When we uncover how to recognize and manage our emotions in conjunction with handling our behaviour, we’re better able to manage stress, deal effectively with conflict, and achieve our desires.

How to develop it?

Mindfulness is a great first step on the path to effective self-regulation. Some people shy away from the idea of mindfulness, assuming it’s too ‘woo woo’. In fact, mindfulness is simply increasing our intention. Being present. Paying attention. Not judging. Simple breathing exercises and awareness helps improve our mindfulness, which in turn improves our self-regulation abilities.

Managing our thoughts and the meaning we attach to them is also key to self-regulation. According to a study by the Cleveland Clinic, the average person has 60,000 thoughts a day. Of these thoughts, a staggering 95% repeat each day. Of those repeating thoughts, sadly, 80% are negative. Imagine the power of flipping those negative stories that we inundate ourselves with daily and instead, choosing more empowering interpretations of our life experiences moment to moment.

Note that this doesn’t mean you’ll never have negative thoughts or emotions. The key is in recognizing them and choosing, with intention, to dial any given emotion up or down. Imagine you have a physical dial and for anything you feel, you can adjust that dial. Use your breathing to help with the adjustment.

One of my favourite quotes is:

Between every stimulus and response lies a space.
In that space lies our freedom and power to choose a response.
In our response lies our growth and happiness.

In other words, while we can’t control everything that happens externally in our lives, we can control how we choose to react. Every time something happens in your life you have a moment in which to choose what your response to that situation will be. Use that pause to your benefit. Imagine your dial and determine (again with intention) how you could respond to step into the best version of yourself.

The beauty of this subject is that it is not rocket science. With a little practice you can master the art of self-regulation. If you do, it will improve your inner peace, your relationships, your social engagement and connection, and your ability to live into your dreams and vision.

Categories
Leadership Negotiating Personal Development

True Listening: The Art of Connection and Trust

True Listening: The Art of Connection and Trust

In our fast-paced world, where distractions are abundant and attention spans are fleeting, true listening is more valuable than ever. True listening transcends the mere act of hearing words; it involves fully engaging with the speaker mentally and emotionally. It is an active process that fosters genuine connection and trust, essential components of meaningful human interaction. When we listen with our whole being, we understand the words being spoken and the emotions and intentions behind them.

The essence of true listening lies in being present. This means setting aside our thoughts, judgments, and distractions to focus entirely on the speaker. It requires us to silence the internal dialogue that often competes for our attention, allowing us to be fully immersed in the conversation. This level of presence is rare in today’s society, where multitasking is the norm and digital devices constantly vie for our attention. However, the rewards of true listening are profound. When we are genuinely present, we signal to the speaker that they are valued and respected, fostering a sense of trust and mutual understanding.

The late Dr. Stephen R. Covey once observed, “Most people do not listen with the intent to understand; they listen with the intent to reply.” This statement captures the essence of a widespread issue: many of us are more focused on formulating our responses than on truly understanding what the other person is saying. Covey also noted that “few of us ever practice it [listening] in a way that improves our ability to listen to others and deeply understand their concerns.” His insights underscore the need for intentional practice and training in the art of listening, something that is often overlooked in our education and daily lives. “We have such a tendency to rush into the conversation and interrupt before the person finishes their point,” Covey pointed out, highlighting a common barrier to effective communication.

Understanding Covey’s observations is crucial for several reasons. Firstly, it sheds light on the fundamental gap in our communication skills. We are taught to read, write, and speak, but not to listen. Listening is often assumed to be a natural ability rather than a skill that requires cultivation. This assumption leads to a lack of emphasis on listening in our educational systems and professional training programs. Consequently, many individuals grow up without ever learning how to listen effectively.

Secondly, Covey’s insight reveals the self-centered nature of our listening habits. When we listen with the intent to reply, we are essentially prioritizing our thoughts and responses over the speaker’s message. This self-centered approach can hinder genuine understanding and empathy, as we are not fully engaged with the speaker’s perspective. Instead of being open and receptive, we become preoccupied with our agendas, which can create barriers to effective communication and connection.

True listening also involves broadening our self-awareness. By understanding our own biases, emotions, and triggers, we can approach conversations with an open mind and a compassionate heart. This self-awareness enables us to respond thoughtfully rather than react impulsively, creating a safe space for honest and open communication. It allows us to recognize the impact of our words and actions on others, promoting empathy and understanding.

The impact of true listening extends beyond individual interactions; it has the power to transform relationships and communities. When we listen deeply, we create a ripple effect of connection and trust that spreads to those around us. It enables us to build stronger, more authentic relationships based on mutual respect and understanding. This, in turn, fosters a sense of community and belonging, where individuals feel seen, heard, and valued.

Moreover, true listening provides us with a unique perspective on our place in the world. By tuning into the experiences and viewpoints of others, we gain a deeper understanding of the diverse tapestry of human existence. It allows us to see beyond our limited perspective and appreciate the interconnectedness of all beings. This broader perspective enriches our lives and informs our actions, guiding us toward more compassionate and inclusive ways of being.

In practice, true listening requires intentionality and effort. It demands that we cultivate patience, humility, and curiosity. We must be willing to sit with discomfort and uncertainty, embracing the unknown rather than seeking quick answers or solutions. True listening is not about fixing or solving; it is about bearing witness to the human experience in all its complexity and nuance.

In conclusion, true listening is a transformative practice that goes beyond the mere act of hearing words. It involves being fully present, broadening our self-awareness, and embracing the interconnectedness of all beings. By cultivating the art of true listening, we can foster genuine connection and trust, build stronger relationships, and create more compassionate and inclusive communities. In a world that often feels fragmented and disconnected, true listening offers a path to deeper understanding and meaningful connection. Understanding and embracing the wisdom of Dr. Stephen R. Covey’s observations about listening can guide us toward more effective communication and richer, more meaningful relationships.

Categories
Best Practices Leadership Negotiating

Why “A Man in Full” Reinforces the Need for the Art of Feminine Negotiation

The new highly anticipated Netflix series, “A Man in Full”, demonstrates the desperate need for a new reframe on negotiation success. In fact, watching the show reminded me why I launched my mission for the Art of Feminine Negotiation. ™

While the series should play as a parody of masculine toxicity, sadly, it rings true for much of what passes as strong leadership these days. Whether it’s the business tycoon, the banking hotshot, the simpering loans officer, the mayor, or legal counsel, the male leads can hardly be called protagonists. Each in their own way are antagonists or anti-heros, displaying behaviour that is neither acceptable nor productive.

The men in the show put on a full-on display of toxic masculine conditioning run amok. Not surprisingly, there is an inordinate amount of references to balls and pricks with a corresponding number of F-bombs or derivatives thereof thrown into the mix. The language reflects the behaviour.

The men brag about their relative abilities to ‘kick another man’s ass’ (both literally and figuratively) and are hell-bent on destruction of their ‘opponents’. Ego and testosterone abound in virtually every interaction between the males in the show. As in real life, this does not end well.

Respect and dignity are not a factor in their negotiations. In fact, the over-riding goal in almost every negotiation featured appears to be the humiliation and belittling of the other side. Brutish bullying seems to be the go-to modus operandi even when it’s to the character’s detriment.

Winning is everything, but unfortunately their concepts of winning do not allow for best outcomes. Taking the most aggressive path is always chosen even when it doesn’t best serve the party taking that approach. Charlie Croker (played by Jeff Daniels) brags that ‘I may be a sore loser sometimes, but I’m a vicious winner’ as if this is a sign of his superior business acumen.

Don’t get me wrong. The production is fabulous, and the acting is exceptional. It’s the message I take issue with. I expect the hope is that the audience will see the folly in the traditional competitive and polarizing approach to negotiating (in business and life) and choose a better path – a more collaborative, creative path to a better future. Heck, that’s the point of the Art of Feminine Negotiation™ – to truly seek to understand and meet the needs of the other party in our interactions and negotiations. But I fear that the audience will take away the opposite lesson, believing that emulating this toxic, divisive behaviour is somehow a sign of power and success.

Allow me to spin some better lessons to take away from the show:

1. Surrender ego for better negotiated outcomes. Bumper-car egos are an impediment to good negotiating. Parking ego when approaching a negotiation will virtually always make space for better resolutions.
2. Build rapport and trust and with it, better results. Effective negotiation is all about connection. Personalized attacks destroy the possibility of connection that allows for bigger and better opportunities.
3. Empathy is key to getting to the heart of the matter and opening space for unexpected wins for all.
4. Holding all your cards to your chest (rather than allowing for transparency and vulnerability) may preclude your ability to find the real deal.
5. Be willing to be flexible. Staying too attached to one particular outcome precludes your ability to see better possibilities lying on the table for the having.
6. Aggressiveness is not the same as assertiveness. The former shows a lack of confidence in your knowledge of the subject whereas the latter comes from effective preparation and intention in showing up as the best version of yourself.
7. Curiosity is more effective than bullying in negotiations.
8. Everyone wants to feel seen and heard. Shutting down either is not an effective way to get your best result.
9. Integrity matters in negotiation and in life. I mean this in both sense of the word. Sacrificing our moral code inevitably backfires as does coming from a place not in keeping with our core values.
10. Machismo is not strength. In fact, the so-called ‘soft skills’ are the strongest way to best outcomes.

Hope these simple tips give some value in approaching your next negotiation.

Cindy

Categories
Capital Mergers & Acquisition Negotiating

Merger and Acquisition Consulting Firms

Merger and Acquisition Consulting

Merger and Acquisition (M&A) consulting firms specialize in facilitating the sale of businesses by providing professional guidance and support throughout the entire process. Here’s how an M&A consulting firm can help you sell your business:

  1. Valuation: M&A consultants can help you determine the fair market value of your business by conducting a thorough valuation analysis. This involves assessing your company’s financial performance, assets, liabilities, market position, growth potential, and industry trends to arrive at an accurate valuation.
  2. Preparation: M&A consultants assist in preparing your business for sale by identifying areas of improvement, addressing any operational or financial weaknesses, and optimizing your company’s value proposition to attract potential buyers.
  3. Market Research: M&A consultants conduct comprehensive market research to identify potential buyers who may be interested in acquiring your business. This includes strategic buyers, financial investors, private equity firms, and other entities within your industry or related sectors.
  4. Marketing Strategy: M&A consultants develop a customized marketing strategy to promote your business to potential buyers. This may include preparing marketing materials such as confidential information memorandums (CIMs), teaser documents, and presentations highlighting the key strengths and opportunities of your business.
  5. Confidentiality Management: M&A consultants maintain strict confidentiality throughout the sale process to protect sensitive information about your business. They implement confidentiality agreements (NDAs) and manage the dissemination of information to qualified buyers in a secure and controlled manner.
  6. Negotiation Support: M&A consultants serve as your advocate during negotiations with potential buyers, helping you secure the best possible terms and conditions for the sale of your business. They leverage their expertise in deal structuring, valuation, and negotiation tactics to achieve favorable outcomes.
  7. Due Diligence Management: M&A consultants coordinate the due diligence process, which involves providing prospective buyers with access to relevant documents and information about your business. They ensure that due diligence is conducted efficiently and thoroughly to mitigate risks and address any concerns raised by buyers including gap analysis.
  8. Deal Structuring: M&A consultants assist in structuring the deal to optimize tax efficiency, minimize legal risks, and maximize value for both parties. This may involve negotiating the terms of the sale agreement, including purchase price, payment terms, earn-outs, and other deal considerations.
  9. Legal and Regulatory Compliance: M&A consultants work closely with legal advisors to ensure that the sale of your business complies with all applicable laws, regulations, and industry standards. They help navigate complex legal issues and regulatory requirements to facilitate a smooth and legally sound transaction.
  10. Transaction Management: M&A consultants oversee the entire transaction process from start to finish, managing timelines, coordinating activities between parties, and ensuring that all necessary steps are completed to successfully close the deal.
  11. Post-Sale Transition: M&A consultants provide support during the post-sale transition phase, helping you navigate the integration process if applicable and addressing any issues that may arise after the sale of your business.

Overall, M&A consulting firms play a critical role in helping business owners navigate the complexities of selling their companies, guiding them through every stage of the process to achieve a successful and profitable transaction.

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Merger and Acquisition Lawyer

A Merger and Acquisition (M&A) lawyer plays a crucial role in facilitating the sale of your business by providing legal expertise and guidance throughout the transaction process. Here’s how an M&A lawyer can help you sell your business:

  1. Structuring the Transaction: M&A lawyers assist in structuring the sale transaction to achieve your objectives and maximize value. They help determine the most suitable deal structure, whether it’s a stock sale, asset sale, merger, or other form of transaction, taking into account tax implications, liability considerations, and other relevant factors.
  2. Drafting and Negotiating Transaction Documents: M&A lawyers prepare and negotiate the various legal documents required for the sale, including the purchase agreement, sale agreement, confidentiality agreements, letters of intent, and other ancillary agreements. They ensure that the terms of the deal are accurately reflected in the legal documents and advocate for your interests during negotiations with the buyer.
  3. Due Diligence Management: M&A lawyers coordinate the due diligence process, working closely with you and your advisors to gather and organize the necessary documents and information requested by the buyer. They review due diligence requests, address any legal issues or concerns raised by the buyer, and help ensure that due diligence is conducted efficiently and thoroughly.
  4. Legal Compliance and Regulatory Matters: M&A lawyers ensure that the sale of your business complies with all applicable laws, regulations, and industry standards. They advise you on legal and regulatory requirements related to the transaction, such as securities laws, antitrust regulations, employment laws, environmental regulations, and contractual obligations.
  5. Risk Management and Mitigation: M&A lawyers identify potential legal risks and liabilities associated with the sale of your business and help develop strategies to mitigate these risks. They conduct legal due diligence on your behalf to uncover any legal issues that may impact the transaction and advise you on how to address them effectively.
  6. Negotiation Support: M&A lawyers serve as your legal advocate during negotiations with the buyer, helping you negotiate the terms of the sale agreement, purchase price, representations and warranties, indemnification provisions, and other key deal terms. They leverage their expertise in negotiation tactics and deal structuring to achieve favorable outcomes on your behalf.
  7. Closing the Deal: M&A lawyers guide you through the closing process, ensuring that all legal requirements are met, and the transaction is completed smoothly and efficiently. They coordinate the execution of closing documents, facilitate the transfer of ownership and assets, and help resolve any last-minute issues or concerns that may arise.
  8. Post-Closing Matters: M&A lawyers assist with post-closing matters, such as the transfer of licenses, permits, contracts, and other assets, as well as the resolution of any remaining contingencies or obligations. They help ensure that you fulfill your post-closing obligations under the sale agreement and that the transition of ownership is completed successfully.

Overall, an experienced M&A lawyer can provide invaluable legal advice and support throughout the sale process, helping you navigate complex legal issues, minimize risks, and achieve a successful and legally sound transaction.

Hiring a M&A Firm Checklist

Hiring the right Merger and Acquisition (M&A) consultant is crucial for small business owners looking to sell or get acquired. Here’s a checklist to consider when hiring an M&A consultant:

  1. Experience and Expertise: Look for an M&A consultant with significant experience and expertise in mergers, acquisitions, and business sales, particularly within your industry or niche.
  2. Reputation and Track Record: Research the consultant’s reputation and track record of successful transactions. Seek references and testimonials from past clients to gauge their satisfaction with the consultant’s services.
  3. Industry Knowledge: Choose a consultant who has a deep understanding of your industry, market dynamics, and competitive landscape. Industry-specific knowledge can be invaluable in identifying potential buyers and maximizing value.
  4. Services Offered: Determine the range of services offered by the consultant, including valuation, marketing, negotiation, due diligence, and transaction management. Ensure that their services align with your needs and objectives.
  5. Customized Approach: Look for a consultant who offers a customized approach tailored to your specific circumstances and goals. Avoid one-size-fits-all solutions and seek personalized advice and strategies.
  6. Network and Connections: Assess the consultant’s network of contacts and connections within the industry, including potential buyers, investors, lenders, and other stakeholders. A robust network can help facilitate the transaction process and identify suitable opportunities.
  7. Communication and Transparency: Choose a consultant who communicates openly and transparently, keeping you informed at every stage of the process. Clear communication is essential for building trust and maintaining a positive relationship.
  8. Fee Structure: Understand the consultant’s fee structure, including upfront fees, retainer fees, success fees, and any additional costs or expenses. Ensure that the fees are reasonable and competitive relative to the value of the services provided.
  9. References and Testimonials: Request references and testimonials from past clients to assess the consultant’s reputation, reliability, and professionalism. Contacting references directly can provide valuable insights into their experience working with the consultant.
  10. Credentials and Certifications: Verify the consultant’s credentials, certifications, and affiliations with professional organizations such as the Association for Corporate Growth (ACG), International Business Brokers Association (IBBA), or M&A Advisor.
  11. Confidentiality and Discretion: Ensure that the consultant prioritizes confidentiality and discretion throughout the transaction process, especially when disclosing sensitive information about your business to potential buyers.
  12. Conflict of Interest: Clarify any potential conflicts of interest that may arise, such as representing both buyers and sellers simultaneously or having relationships with competing businesses. Ensure that the consultant acts in your best interests at all times.
  13. Compatibility and Chemistry: Assess the compatibility and chemistry between you and the consultant. A strong working relationship built on trust, respect, and mutual understanding is essential for a successful partnership.
  14. Timeline and Deadlines: Discuss the expected timeline and deadlines for the transaction process, including key milestones such as marketing, due diligence, negotiation, and closing. Ensure that the consultant can meet your timeline requirements and deadlines.
  15. Exit Strategy Planning: Inquire about the consultant’s approach to exit strategy planning and succession planning, particularly if you’re looking to sell your business. A strategic advisor can help you prepare your business for sale and maximize its value.

By considering these factors and conducting thorough due diligence, you can select an M&A consultant who is well-equipped to guide you through the sale or acquisition process and help you achieve your goals.

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Selling A Business by Industry:  Revenue Cycle Management | Water Treatment | Medical Equipment | Insurance | Facility Service Provider