Being a savvy negotiator is a skill that comes in handy both professionally and personally. Highly successful self-made multimillionaires, high-caliber professionals, and other high achievers are typically extremely successful negotiators. 

In the latest installment of Planning Wisdom of the Super Rich, Devang and Ryan discuss the key negotiating tactics and strategies used by some of the world’s most effective negotiators. Not only does Devang outline the personal habits of these individuals, but also the measures they take to ensure negotiations provide beneficial outcomes for all the parties involved.

So sit back, relax, and enjoy another great conversation which is bound to leave you with some strategies to incorporate into your future negotiations!

Timecodes:

0:04 – Overview on today’s topic

1:30 – What are some of the habits of effective negotiators?

2:47 – The foundation of a smart approach to negotiating

3:42 – Win-win negotiation outcomes and how they aren’t always possible

4:41 – The importance of having a deep understanding of the issues at hand

5:38 – How people smarts come into play during negotiations

7:23 – What you can do to enhance your people smarts and better size up those across the table

9:07 – “Knowing your enemies”

10:16 – How to put all these strategies together and become an effective negotiator

12:05 – Make sure you’re examining the situation from the other person’s perspective

12:50 – Closing remarks

Connect with Devang Patel:

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