Sticky Learning Lunches #33: Learn How to Effectively Prepare for a Negotiation - Step 2
Use this 3-Step Template to Effectively Prepare for a Negotiation.
You Can Read the Full Transcript Below:
Nathan Simmonds:
Good afternoon, everyone. Welcome to Sticky Learning Lunches with me, Nathan Simmons. We are just gonna give it 30 seconds to get the final people in the room. Couple more people arriving. Great to see you. Yes, this is Friday. Yes, this is slightly more casual than my white shirt. Look Monday to Thursday. Who we got? Ryan, good to see you. Colin, thank you for being here again. Very appreciated. Darren, good to see you, Faby and Gina, amazing.
Nathan Simmonds:
Thank you for being here. Howard, June, Karen, Tim, Tracy, Victoria. Thank you very much. Camouflage not against the white wall. You know, I'm, I'm sure camouflage means I disappear into the background, not stand out from it. . So look, we're getting into day two of negotiation skills. Really grateful for everyone being here on this Friday for 30 minutes of their lunchtime with me.
Prepare for negotiation with this 3-step model
Nathan Simmonds:
So what, maybe in the future, when all this is over, we actually have a face-to-face lunch, and we all get together and we do a lunch and learn somewhere, somewhere central, and we do this and we actually have something to eat afterwards. I think that would be a great idea. You have made it fun and interesting. Made it a fun and interesting look. There you are. Very welcome. Very, very welcome. Let's get into this. Agreed. Sounds good to me.
Nathan Simmonds:
Okay, we've got some, we've got some positive votes for a lunch and learn somewhere. It could just, well be the back of Costa at King's Chaing cross train station. But we can get together and actually say hello and shake hands. That would be amazing. Let's get into this. Set up the day. Let's set up this session. Mobile phones, let's do this. Airplane mode.
Nathan Simmonds:
Zero out the distraction, a hundred percent attention fresh pad on your, on fresh note, no fresh page on your notepad. Get keepers at the top. These are the things that you want to remember, remind yourself about and come back to and reignite to, to kind of get the thinking going and put new ideas into flow and into flight. That way when you go back, you'll remember things that were said, ideas that were shared, and you'll come up with new ideas as well as those two things. Converge, drink, hydrated. It's getting warmer out there. So let's make sure you've got a drink and you can keep that attention flowing on this fine Friday.
Nathan Simmonds:
And let's do this. So welcome to Sticky Learning lunches with me, Nathan Simmons, senior leadership coach and trainer for MBM making Business Matter, the home Sticky learning, and we are the leadership development and soft skills provided to the grocery and manufacturing industry. Idea of these lunchtime learnings is to help you be the best, best version of you in the work you do. Whether it's at home right now, or whether that's helping you to return back to the work to the, to the work environment.
Nathan Simmonds:
Doesn't matter here to help, here to maximize the thinking and maximize your capabilities to go and deliver an even better result. Negotiation day two, starting to get into some of the technicalities of what we do, it's gonna come off the screen share for a little bit. Quick recap on yesterday. Number one, what did we cover yesterday? Mindset. The key elements of negotiation in anything that we're doing, whether it's sales negotiation, one-to-ones personal development.
Nathan Simmonds:
Any conversation that we need to be having, there needs to be an element of preparation. Why? Because we, we feel under prepared, we feel underqualified. And as a result of that, it puts us under stress. Mindset is always the thing that's gonna gonna support us. Everything is preceded by a thought. Everything happens because of what we think. It's then our emotions that follow that thinking then, then causes some of the problems. So what we covered yesterday,
Nathan Simmonds:
Very high level. First thing is positioning about how you position yourself. One analogy that came to mind as I was writing some more in-depth information about this, this, this morning. You know, often when we go to war, we have to get a position, we have to hold a position and we have to defend a position. Does it mean that every conversation we're going into, we're already thinking it's gonna be a war or a battle?
Nathan Simmonds:
Actually with this this in mind, maybe we need to relax and stop positioning ourselves. Stop defending and stop fighting. The second thing we covered was important. Lower the stress, lower the pressure, take the importance off it. If you're looking for a new client or a new contract, let's be frank, you didn't have it in the first place, therefore you are not losing it. Reduce the importance. Take the stress outta it.
Nathan Simmonds:
It doesn't mean that you have to be or sorry, in instead of doing this, you can still be confident in what you are delivering and still be focused in what you are bringing to that conversation. Again, think about what you are contributing and the growth that you're creating, the impact as a result of you being there, rather than what you think you're gonna get or not get. Reduce the importance. The second thing you've gotta do in here, or sorry, the third thing in here, because it's gonna break into two parts, is listening.
Nathan Simmonds:
When we take ourselves out of the position, we lower, lower the importance. We can then start to listen to actually, actually what's going on for the other person. How are they positioning themselves? What pressure are they putting themselves under? What's the reason? Who, who do you feel is putting the pressure on them? Actually, we can start to get a bit curious. We can start to get some ideas about actually what's important to them.
Nathan Simmonds:
And then the third, sorry, the final part for this is then thinking about our language. What words we're gonna use, how we're gonna approach it, showing appreciation, finding merit in what people are saying and finding the value in what they're saying. So actually we're gonna have a, a, a, a, a mutually beneficial conversation rather than give take or, or going in for the kill. So these are the first things. It is the mindset. Everything starts with mindset. But then we want to get into a little bit of the technicalities of what we're doing here. We wanna, you know, have a structure to the conversation.
Nathan Simmonds:
And this what we're gonna provide you with is what we call the square dance. So the, we're gonna provide you with the link in a minute to the article, which is good, Tracy, glad you're back in. We're gonna provide you with the link to the article, which gives you the downloadable template of the square dance. We'll drop that into the into the chat box in just a moment. What I'm gonna do is I'm gonna, I shared it briefly yesterday. I'm gonna share it with you now so you can see this immediately. So you have the key elements here.
Nathan Simmonds:
So this one sheet provides you with an opportunity just before you go into any conversation, any negotiation, lemme clarify any kind of business professional negotiation. Now, if you're negotiating with a 7-year-old daughter, like I have to about bedtime, writing one of these sheets before may not be the, the, the appropriate thing, but maybe actually as I'm saying that, that might actually be a beneficial thing. Maybe I should do this at lunchtime just to work out what might happen this evening and work out what I would like to achieve.
Nathan Simmonds:
What my walkaways from and what I can, you know, what I'm willing to trade with my daughter to support her. Going to bed on time, links there now for the ultimate guide. And then there is the, the the square dance template as well. So the first part we wanna talk about, you've got wish and walk, and then you've got give and take. And then you've also got your tools and tactics. So in this, the first part we're gonna cover is your wish and walks. What is your wishes? Your wish is the things that you want to take away.
Nathan Simmonds:
It is what you wanna achieve from the conversation. Now what are you wishing now what is the desired outcome of this conversation? And as Steven CO's co co says in habits of Highly Effective People is, you know, begin with the end in mind. You want to know where you are going. I said this in goal setting. I've said it in the pd p planning previously in those, in those tutorials before. You need to know where you are going. And it's like sat nav. Unless you know where you are and where you want to get to, you know, you are never ever gonna get kind of the, the right route and the right path to make that happen. So your wish is the first part. The bit that you need to be really clear of. The first part
Nathan Simmonds:
Is you make your wishes smart. And we've talked about that. You need to be looking for your smart objectives. Specific, measurable, achievable, realistic, relevant, results focused and time bound. So you need to be clear, you know, is do you want, you know, you are selling produce or you're selling, you know, a product and you want six pound 80 for a per crate and you want to sell a hundred of those crates. And you need to be clear your wishes that I wish to sell 100 crates and they need to be at six pound 80.
Nathan Simmonds:
The moment you kind of make it unspecific and unmeasurable, I wanna sell some crates. Well, maybe you only sell two and maybe you only get them for four pound. So we need to be really clear on what we're doing. The other part we need to think about in this, and I've said this around goal setting, we talk about this in in the negotiation preparation, is make your goals credibly stretched.
Nathan Simmonds: