Advance Your Negotiations With the ‘Big Shmooze’
You walk into a car dealership to buy a new vehicle. A salesman approaches, introduces himself as “John,” and asks how he can help. You say, “I’m looking for a new SUV. My old one is rusting out. It grew up in Minnesota, just like me.” “Really,” John says. “Where in...
Trump Overpaid by Tens of Millions of Dollars on These Business Deals
In this interview about his new book “The Real Trump Deal,” Marty Latz discusses which deals Trump overpaid on, whether Kim Jong-un is a savvy negotiator and how Trump harmed his relationship with allies South Korea and Japan through a oversight.
Should I Assume Everyone Lies in Negotiations?
“Everyone lies in negotiations. And everyone knows everyone lies in negotiations. So why should we care? Shouldn’t we just assume our counterpart is not telling the truth, should not be trusted, and behave accordingly?” No. Making these assumptions would be highly...
Agenda Control Aids the Negotiation Process
What's your price?" Maureen asked shortly after John arrived. "Cut to the chase. I'm running late, so just tell me what you've got and your bottom line." "Wait a second," John responded. "Before we discuss price, why don't you tell me a bit about what you...
How to Achieve the 5 Stages Required to Build Trust
I recently sat in on a lecture from Rob Galford, co-author of “The Trusted Advisor,” which explains how to achieve professional success by earning clients’ trust and confidence. Since all negotiations involve trust, and a broad view of negotiation includes...
‘Split the Difference’ Can Translate as ‘Lose the Edge’
“Let’s just split the difference,” he suggested after we had negotiated all day over my client’s lawsuit. Our last offer? $320,000. His last? $300,000. Sounds fair, right? Almost everyone has used this closing technique when negotiations drag on. After...
How Trump Purchased Mar-a-Lago for $20-Million Less than the Listed Price
President Donald Trump in his almost 50-year business career has negotiated some great deals and some not-so-great deals. We can learn from all of them, as I describe in detail in my new book, The Real Trump Deal: An Eye-Opening Look at How He Really Negotiates. Last...
2 Lessons We Can Learn from Trump’s 40+ Years of Deal-Making
Donald Trump was elected President based in part on his promise to put his negotiation and deal-making skills to work on behalf of the American people. How good are his skills, based on the experts’ proven research? And how effectively will he put them...