How to Start a Serious Business With £2,000

Introduction

How to Start a Business

The following scenario will match many of you exactly, but will not match the rest of you. However, you should all be able to take something from it, I hope!

Many of us think about starting a business at some stage in our lives and what most of us have in common is a lack of start up finance. This article is about getting a business of the ground with £2,000 (a minimum figure in almost every case). Much of this article looks at the Internet as a facilitator of building a business on a tight budget and rightly so. The Internet has a vast and transparent infrastructure of business experience that anyone can tap into at this present time (but not forever). There’s information, advice, tools, experts, mentors, chat rooms, and lots of businesses cutting fees to the bone in an effort to hang-on-in-there. So, if you have what it takes (someone’s quote, “if people knew what it would take to be successful most people would not bother”).

Coming to an Agreement in Negotiation

Coming to an Agreement in Negotiation

Coming to an Agreement

Once you have come to a final agreement, it is important that you have it down in writing along with both parties’ signature: this is not always possible or practical. Before it is signed, or formally ordered, it is wise not to say anything about the terms agreed because your next sentence could break the agreement: the best sales-people never over sell – well, not until they have to!

If it is a sale/purchase that you are making, then officially, it isn’t a sale until you/they have actually ordered the product/service. Usually, this will be an Order Form with a purchase order number. In most other negotiations, one party sending a letter and fax to the other in which the agreement is outlined (to a sufficient degree) will form a legal basis.
>>Negotiation Skills

>>Planning and How to Negotiate
>>Coming to an Agreement in Negotiation

If the other party then amends the conditions in the agreement in writing to you, those amended terms then become part of the agreement, UNLESS you disagree in writing, and so on…

Planning and How to Negotiate

Planning and How to Negotiate

Pre-Negotiation

Before you decide to negotiate, it is a good idea to prepare. What is it exactly that you want to negotiate? Set out your objectives (e.g. I want more time to pay off the loan). You have to take into account how it will benefit the other party by offering some sort of reward or incentive (explained later).

What is involved (money, sales, time, conditions, discounts, terms, etc)? Know your extremes: how much extra can you afford to give to settle an agreement? Although you are not aiming to give out the maximum, it is worth knowing so that you will not go out of your limits.
>>Negotiation Skills
>>Planning and How to Negotiate
>>Coming to an Agreement in Negotiation

Know what your opposition is trying to achieve by their negotiation. This is useful information that could be used to your benefit and may well be used to reach a final agreement.

Consider what is valuable to your business, not the costs. You may end up losing something in the negotiation that is more valuable to your business than money. It could be a reliable client or your company reputation.

Negotiation Skills

Negotiation skills

Introduction

Negotiation is something that we do all the time and is not only used for business purposes. For example, we use it in our social lives perhaps for deciding a time to meet, or where to go on a rainy day.

Negotiation is usually considered as a compromise to settle an argument or issue to benefit ourselves as much as possible.

Communication is always the link that will be used to negotiate the issue/argument whether it is face-to-face, on the telephone or in writing. Remember, negotiation is not always between two people: it can involve several members from two parties.
>>Planning and How to Negotiate
>>Coming to an Agreement in Negotiation

There are many reasons why you may want to negotiate and there are several ways to approach it. The following is a few things that you may want to consider.