During week 5 , i was exposed to the topic "SKILLS TO START A BUSINESS"during my entrepreneur class.
Our objectives are : To identify resources required to start a business.
: To know the techniques of effective negotiation skills.
: To know the methods of effective communication.
Negotiation skills are purchasing and and selling requires negotiation process involving preparations, planning, strategies, tactics and communication skills to effect a two way agreement.
1.Involving at least two parties.
2.Agenda, objective and timing.
3.Conducive environment.
4.Elected representative has authority to decide.
5.Internal negotiations or external negotiations.
Preparations of negotiation. Focus on non-verbal communication:
1. Dressing, appearance and style.
2. Way of walking.
3. Gestures.
4. Body language, way you seat yourself, and posture.
5. Eye contact.
6. Body odour.
Exhibit positive first impressions, cooperate, avoid threatening situations and secure important information on the other side:
1. Annual growth,sale trend, installment, subcontract costs.
2. Secure evidence of business documents like sales invoices and inventories.
What I feel about this topic is in order to start a business successfully, we should master the techniques of effective negotiation skills.
I will try to apply these knowledge if I can be an investor in the future.
Thank You.
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