This is an excerpt from the recently published eBook How to Become Rich by Jim McNab, available at Amazon.
Individuals desire to please others – it’s a part of man’s instinct. For that reason some people will foolishly throw away hard earned cash and make preposterous sacrifices in the name of making some lad happy that they’ll hardly ever see again. That’s simply absurd and it’s also really bad business.
Don’t fall into this all too commonplace trap. The very best arbitrators will never be reluctant to walk away from almost any deal, regardless how much work or capital others have poured in to the project. Sure the other side will be mad and feel dismayed, but hey – business is business. Nothing at all personal – this is merely business.
When the offer makes you concerned – if you aren’t persuaded that the entire thing is “right” – walk away and don’t be worried about others feelings. If you want, apologize to the harmed parties. They’ll get over it. Don’t cave in to the pressure produced by other people who may be trying to push you into making a high-priced mistake.
In the event that you’re involved with a discussion that’s becoming too stressed – try getting up and heading for the door. You will be astounded by what happens next. Your opposition could possibly enhance the deal considerably – just to get you back to the table.
This occurred to me once and I instantaneously recognized what was actually happening. I pushed the agreement back over the table unsigned and pushed my chair back as I said “I’m sorry but we’re wasting one another’s time here. These conditions are altogether unsatisfactory to me. Have a great day!”
I’ll always remember the look of great shock on their face. Not only were the particular terms I disliked taken out, I managed to get them to reverse several others as they were, under the new circumstance, much more determined than ever to seal the sale. This kind of move doesn’t in reality anger the opposition. Far from it, they’ll rather immediately recognize that you can’t wind up being pushed around and will eventually modify the deal in recognition of this fact. They will respect you a great deal more – not less. Or they could walk away themselves. In either case you win.
I was in a car dealership finalizing the purchase of a new automobile. The salesman requested my social security number so he could obtain a credit check and get a loan approval. When he moved towards the doorway he stated “I hope your credit is great, because if it isn’t the payments will need to be increased”.
I automatically answered “If my credit isn’t satisfactory tell me immediately so we can stop wasting each other’s time and I can get out of here”! He was trying to set me up for a sucker punch. He planned to come back with the bad news that my credit wasn’t adequate so I’d be required to pay higher payments. But I stripped him of the option by definitely articulating my readiness simply to walk away in the event the deal wasn’t precisely what I liked. He came back with the good news that not only was my credit good enough, but he just found out that he could easily get me a zero percent loan! Geez, I’m so blessed.
On the other side of the coin, under the proper conditions you most likely are able to utilize this same fault in human nature to your advantage. If you make it transparent that your job is at danger in the event you don’t clinch this deal, (regardless of whether that’s true) some people may feel obligated to commit merely to satisfy you. At that time you get the upper hand.
Jim McNab
For longer than Twenty years I worked for several government intelligence agencies in several areas worldwide. I’ve also performed commercial intelligence operations for several of the biggest computer companies. Most of the strategies I reveal in my books like How to Become Rich (available on Amazon) have never been exposed to the public before. As opposed to other “secret” books, my facts are legitimate insider knowledge. I really hope my insider secrets make a difference in your life.
