A person who wishes to venture into the business world needs to know some of the ways of this domain. Only then can he or she be a good entrepreneur. As a businessperson he or she needs to have good negotiation skills says Jignesh Barasara.
Selling products, making some goods, providing service and the like can be dubbed as businesses. Whatever you do as an entrepreneur you have to deal with different kind of people during the course of your business. You have to interact with different kinds of people and then don different roles too.
Whatever role you play you should do it deftly and use the best of your negotiating skills. As a manufacturer you should be able bargain and get your raw materials at an optimum price and also get the best quality products. Then you need to deal with your laborers and other employees. You need to get the maximum work done in the least possible time and yet keep the workers happy and satisfied. Here only one who is adept at negotiating well will be the winner.
Again as a seller you should be able to get the products as the least possible price and sell it at the optimum price so that you get the best possible profit margin. You need to decide this well so that the products are sold like hot cakes and do not pile up as a dead stock for lack of good negotiating skills.
Then comes the service providers. Whatever you do you are bound to get a lot of criticisms. Always you will have some disgruntled and discontented customers to handle. Even if the service provided from your side is not faulty you may have to apologize to the customer many a time and offer some compensation. This is to restore the reputation of the company. otherwise in a jiffy all the reputation earned with all the hard work of years will go to the drains.
Proper and skillful negotiation will allow you to come out with flying colors in such troubled situations and pave the way for growth and development and ultimately to success.