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Op/Ed

A negotiation strategy successful people always use

(OP/ED) Successful people didn’t wake up one day in a leadership role, they used this negotiation strategy every day to win.

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assertive broker meeting negotiation team

One of my earliest lessons in the art of negotiation went down at home, as the youngest child trying to get the one up on my older brother. It was the mid 90s, Pepsi was rewarding loyal customers with Pepsi Points hidden in their 24-packs. I don’t think either of us knew what the hell we would even do with the Pepsi Points, but we both knew we wanted them. So for hours we negotiated.

There was yelling. There was name calling. Finally, my dad came in with a pair of garden scissors and proceeded to cut the Pepsi Points voucher in half. We were speechless. Our dreams of amassing a wealth of Pepsi Points turned into a lose-lose scenario.

Sadly, our negotiation experiences today end up following a similar pattern. Long, energy draining negotiations end in lose-lose scenarios. My own pattern of negotiations gone wrong only began to change when I became a community mediator in college. I learned from leaders in business, law, and social work negotiation skills that have helped me in both my professional and personal life.

A good starting point to any negotiation scenario is understanding negotiation motivators. Some of the obvious motivators are money and resources. These obvious motivators are at the tip of the iceberg. In negotiations, these motivators are often written or verbally communicated. However, there can be a handful of other motivators hiding beneath the surface. These motivators represent the hidden, yet powerful underside of the iceberg.

Here are some common hidden motivators to keep in mind: respect, accountability, safety, and power.

Seeking clarity involves slowing down the negotiations and proactively checking in with the other party to ensure you’re understanding points of agreement or disagreement correctly.

Often, this looks like simply taking time in the negotiations to summarize progress. For instance, negotiating with the head of another department about the use of meeting rooms. A summarizing statement on when and why each party needs the meeting rooms can be critical in correcting assumptions earlier on rather than later. It also helps ensure objectivity.

I’ll be totally honest and admit to times when I’ve been tempted to turn negotiations personal. In my head I’ve said things like, “Sally wants the meeting rooms all to herself” or “accounting is always trying to hold me back.”

Seeking clarity by summarizing key points helps keep us grounded in reality, and ensures that we are working towards each side’s true needs rather than the needs we assume in our heads.

We hear this term in sales pitches, business seminars and relationship workshops. But how can we create win-wins the midst of negotiations that are often stressful and complex? Well, let’s break down the win for both sides.

First, we create the win for ourselves by coming into our negotiation meetings with a clear picture of what our goals are both long and short-term.

In negotiating a purchase, I may want monetary savings now, but in the long term I’m willing to pay more if a product can meet my long term goals of reliability and convenience.

Ensuring a winning scenario for those on the other side of the negotiation table involves creating buy-in. This doesn’t mean stating your solutions and getting the other party to begrudgingly agree. It’s about asking open-ended questions and giving the other side a chance to craft their ideal solution. Sometimes, simply asking the other party what their ideal solution looks like can give you a head start in reaching a mutually beneficial scenario.

The most important step in creating a win-win scenario is to embrace creativity. Click To Tweet

We do this by focusing not just on WHAT the needs are, but HOW those needs are met. Think outside the box. For instance, what are some non-traditional ways of structuring payments? What are some non-traditional employee benefits? What are some non-traditional services you can add to a contract?

Negotiating is one of life’s necessities. Unless you live in your own self-sustaining plastic bubble, eventually you’ll need to practice the art of effective negotiation.

Don’t be like my Pepsi Point obsessed eight-year-old self, slipping into a lose-lose scenario due to lousy negotiation skills.

Practice seeing the other side of the iceberg, seeking clarity, and embracing creativity. These three negotiation skills can quickly turn a lose-lose scenario into a mutually beneficial one for both parties.

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Op/Ed

5 side hustles that could turn into your new career

(EDITORIAL) With COVID throwing all jobs out of whack, maybe now you can explore something new and actually make a career change. Here’s 5 side hustles to try.

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side hustles

When you think of finding a side hustle, you might picture yourself finding an obscure job as a bike courier three nights a week or maybe even walking your neighborhood dogs. Both of these positions can be fun and pay extremely well depending on who you work for.

There are endless opportunities for part-time, enjoyable, profitable side hustles. However, if you take on any of the following side gigs, you could end up with a new career.

1. Day trading

Day trading is the purchase and sale of a stock, bond, or security all within the same day. Many entrepreneurs are drawn to day trading because it’s fast-paced and risky, but with the right skills, day trading presents a potential for serious profit.

If you’re curious about day trading, RJO Futures published a guide on how day trading works. RJO’s article explains that whether you trade from a large firm or on your own, you’ll need three tools:

  • Access to a trade desk. This will give you instant order actions the moment your trades are placed.
  • Analytical software. Analytical software will help you identify key indicators to inform your next move.
  • Access to news outlets. Day trading – specifically day trading futures – is volatile. Prices move by the second and having access to news outlets will give you a heads up if your market might be affected.

Be aware that if you enjoy day trading and get good, you might want to go full-time. It’s possible to turn day trading into a career, but the learning curve is steep.

2. Investing in real estate

Real estate is a lucrative industry, but it’s not for everyone. Popular among entrepreneurs, investing in real estate requires long hours of study, extensive research, and getting your hands dirty.

Usually, real estate investors have side hustles to supplement their income. However, many people get into real estate as a side hustle and end up turning it into a career.

If you want to get started in real estate, don’t jump to investing right away. Take the expert advice from the folks at Bigger Pockets and start by learning about the industry. Get a part-time job as an assistant property manager to pick up industry knowledge and learn your local landlord-tenant laws. If you’re going to invest in real estate to rent out, you’ll be a landlord at least for a short period of time until you hire a property management company.

If you know someone who can help you make your first investment, you don’t need to wait. However, to be successful you have to think outside the box to gain a full spectrum of industry experience.

3. Content writing

Every business needs content writers and many are willing to settle for any level of proficiency. If you have any writing skills, you can easily pick up some content writing gigs on job listing sites.

If you love writing, you might start out writing one blog per week and decide you want to pursue writing full-time. If it’s truly your passion, stick with it and you’ll find the right clients who will pay you generously for your work.

4. Coaching

Whatever people are struggling with, there’s a coach to save the day. Life coaching and business coaching are the most popular, but you can coach people on anything you’re passionate about.

Being a coach isn’t easy. Even people who intentionally start a career as a coach struggle. What most people don’t realize about coaching is that passion does not equal profit. Coaching is a hard sell, but life coaching is especially difficult. Running a coaching business requires more than business skills – you need to be proficient at helping people solve their problems.

If you’re good at helping people solve their problems, there’s a chance you might get addicted to being a coach. There’s nothing more satisfying than helping people grow and transform their lives.

5. Thrifting

It’s not hard to find sellable items at your local thrift stores. However, you need an eye for what people want to buy. If you’ve got that eye, you could end up with a new career.

For example, Natalie Gomez, a former merchandise planner at Macy’s, took on thrifting as a side job and wound up making thousands of dollars. Gomez was interviewing for a new job when she realized she was already making a good living selling clothes.

Enjoy your side hustles

Even if you don’t turn your side gigs into a career, take on gigs you enjoy. Money is necessary, but it’s never worth sacrificing your happiness.

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Op/Ed

Want to move past your burnout? Stop using multiple lists

(EDITORIAL) How my evolving understanding of “burnout” helped me learn an important distinction between being busy and being productive.

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too busy to burnout

When I used to hear the word “burnout” I would picture the freaks from the gone-much-too-soon series, Freaks and Geeks, as they would bum around outside, smoking in between classes. Now when I hear the word “burnout,” I think of myself a few years ago as my brain was being fried by life.

I wasn’t smoking between classes, rather running around like a chicken with its head cut off trying to figure out how to manage all of my tasks at hand. I’d make a to-do list, see everything I had to do, and drown in overwhelm.

I’d spend my days fretting over how busy I was, and nights catching up with friends via phone, talking about how busy I was and how there just wasn’t enough time in the day.

Notice that nowhere in here was I actually doing anything productive. I fell into a vicious hole of being so consumed with how much I had to do, I wasn’t taking the time to do anything but stress.

At first, it made me feel interesting and somewhat important that I had so much going on. I quickly realized that no one cares and it’s not that interesting (I also quickly remembered how much I love to just relax and not have something planned every day of the week).

This is where I learned the of the most important lessons to date – being busy does not equal being productive.

It got to a point where I was running on fumes and eventually had this epiphany that how I was operating was doing nothing to help me. This was in part brought on by seeing someone close to me behave the same way, and I was able to actually look at how defeating it was.

From there, I made it a point to change my tune. Instead of wasting time writing and re-writing to do lists, I challenged myself to make one master to do list and accomplish at least one item upon completion of writing the list. This helped shake off the cobwebs and I was able to feel a bit of weight off of my shoulders.

The ideas surrounding the hustle mentality had me so consumed and all I was doing was hustling my way to nowhere. After feeling the burnout, seeing someone else operate that same way, and seeing that hustle mentality mocked, I was finally able to break free and get stuff done.

And, guess what? I have even more to do now, but feel more calm and collected than ever. I just have to repeat the mantra: Being busy does not equal being productive. Being productive – especially in silence – is so much better and much more rewarding.

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Op/Ed

Morning rituals of highly successful people – do you have one?

(EDITORIAL) Success looks different for everyone. But even as an individual, there are some patterns you can incorporate in your morning routine that can get you started on the right foot. Let’s take a look at what successful people do in their morning rituals.

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realtor working

Fleximize took a look at the morning habits of 26 of the country’s most successful individuals to include the President of the United States Barrack Obama, Arnold Schwarzenegger, Steve Jobs and even Oprah Winfrey.

What was discovered? Well, each of the men and women on their chart start their day early with time blocked out for exercise and meditation, breakfast and family. In short, things that are important!

Someone, somewhere coined it best: “If it has to happen, then it has to happen first!” Everyone has an “it.” Anyone who has managed to find professional success is surely embracing this philosophy. The first hour(s) of the day are used doing whatever is one’s top-priority activity. And no sooner do you start you risk the priorities of everyone else creeping in.

Interestingly enough, exercising in the morning is one of the group’s top priorities. It’s been said many times that exercise helps keep productivity and energy levels up and better prepares us for the everyday challenge of achieving all we can.

From start to finish, the daily life of each successful person is very much dictated by their family and job. But there are definitely some patterns that we can all incorporate into our own lives to achieve higher success and order.

An Insider article found that “the most productive people understand how important the first meal of the day is in determining their energy levels for the rest of the day. Most stick to the same light, daily breakfast because it works, it’s healthy for them and they know how the meal will make their mind and body feel.”

The Fleximize chart demonstrates that successful people consider the quiet hours of the morning an ideal time to focus on any number of things: important work projects, checking email, meditation. And what’s more, spending time on it at the beginning of the day ensures that it gets complete attention before others chime in.

So check the chart and find someone you can relate to.

BI points out that planning the day, week, or month ahead is a crucial time management tool designed to keep you on track when you’re in the thick of it. Using the mornings to do big-picture thinking helps you prioritize and set the trajectory of the day!

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