The legal resource Nolo lays out two important rules about commercial leases to keep in mind: first, all leases, by default, favor landlords, and second, almost all lease agreements can be negotiated to be more favorable. If you’re working with a business partner, investor, mentor, or other professional in your business, you may need to negotiate major decisions for the company, such as whether to move or how to expand. And, they’re easier to learn than you might think.įirst, let’s take a look at some of the most important items you’ll negotiate in your business, and why they’re so important to negotiate: Major decisions Fortunately, there are important fundamentals to set you up for success. In business, you’ll be negotiating everything, including both internal and external matters, and the results of those negotiations will dictate how much you spend, how much you earn, and the overall direction of your company. And, that means you’ll need to negotiate contracts, terms, payments, and many other things as you run your first business. Yet, it is especially hard to perfect since it exists as both an art and a science: negotiation. It has a massive impact on your company’s bottom line. There is one critical skill above all other that you’ll need to learn. Also, your communication skills need to be on point. And, you’ll need to make decisions on an almost constantly revolving basis. You’ll need to perfect the art of time management. As an entrepreneur, there are dozens, if not hundreds of individual skills you’ll need to master.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
December 2022
Categories |