During the last couple of years the world of personal technology has been harassed by the need for smartphones and tablet computing.
I always imagined saving my hard earned cash to invest in prestigious cars and property, sustaining a way to have a better standard of living. This is what my parents did and who else was I to learn from (There was no such thing as YouTube back then)?
The world we live in today is saturated with impulse purchasing and clever marketing, however do you recall hearing two teenage girls talking about the current exchange rate or the price of crude oil? I ask these questions because in order to nurture an economy and increase disposable expenditure, the opportunists amongst us need to become more innovative and entrepreneurial.
Take investing in Art as an example.
Whether it is for recreational or commercial purposes, this has become that of an interesting discussion point more recently.
Most people, that want a change for the next generation, are sick and tired of hearing the majority of people complain that the ‘Rich get richer…. and the poor get poorer’. If this notion is treated like an attitude rather than a tragedy, we can change their way of thinking to encourage a brighter and more fruitful future for our economies.
In order to keep on purchasing the latest ipad every 6 months and drive the latest Audi, new avenues must be explored.
Purchasing on credit and earning interest from your bank account just isn’t an option for many at the moment and taking a good look at the past could reveal the secrets to a better future.
Take a leaf out of the book of a great man, Winston Churchill once commented “There is no finer investment for any community than putting milk into babies”. With that in mind would you be surprised to hear that Picasso’s ‘Garcon a la Pipe’, painted in 1905, was first sold to John Whitney in 1950 for $30K? That is an incredible profit on its own from the artist’s point of view, however that investor then went on to sell that very same painting 54 years later for a staggering $104,168,000, returning an appreciation of over 64 times the purchase value for each year.
(image courtesy of mirror.co.uk)
During the interlude of sale and purchase, these types of paintings can generate a very healthy salary for the investor by displaying them in well known galleries across the world. Seem too good to be true? Sometimes it is, but a true entrepreneur will follow their instinct.
Although capital is difficult to get hold of at the moment, the opportunities are still there and perseverance fueled by a thorough understanding of fine art could change your life forever. Reassess your goals, decide what you need to be productive rather than what you want, and make a change today.
Sources – www.funofart.com
Can you control your emotions when negotiating an important deal? It can be tough to deal with stressful situations without having natural reactions; it’s in our DNA to be emotional and have erratic break outs in circumstances that make us feel uncomfortable.
It doesn’t really matter whether women are more sensitive than men; bottom line, you must learn to manage your emotional ups and downs, particularly in situations when an opponent makes you feel threatened or overly-challenged. Each time something surprises or shocks you, use your inner strength to fight back.
The easiest way to harness and manage emotions in negotiations is to prepare you for unforeseen situations. Here are some excellent strategies for negotiators to help them deal with their emotions in business negotiations.
Prior to entering a negotiation you have to be knowledgeable and aware that anything can happen. You can win, lose or reach mutual ground. You have to accept the facts and keep your calm, no matter what. Don’t allow opponents to “read” you. Although you may be anxious and nervous, others can’t see those feelings written all over your face.
Let’s assume that you’re pitching new ideas in front of a company’s marketing department. You’re proud of your strategies but at the same time, you feel frustrated that people are not buying your proposal. What do you do? First, you have to become aware of those feelings; then, you must thoroughly assess them.
What can you do to make the audience pay attention? Redirect your frustration towards better feelings. Don’t many any assumptions as you can’t read people’s minds. Stay positive and keep your cool.
If you must change gears, make sure to identify alternate strategies and objectives. Understand the negotiation, assess its importance and make a list with wishes and concessions you’re willing to make. Set the tone by crafting a strong opening statement; always remember that thoughtful preparation breeds confidence and helps keep emotions away.
Be open minded
When an opponent asks you for something, don’t react aggressively. Be open-minded, express your thoughts clearly, and put conditions. Let’s assume that a supplier won’t agree to a 10% discount for his merchandise. That’s ok as you may ask for some incentives that you can consider valuable for your business. You could ask for free shipping and faster delivery for example.
Look for signals
Listening and observing an opponent’s reactions to a proposed deal is a skill you should master. Phrases and words such as “not now” “maybe” “we’ll see” and requesting small concessions (make sure they indicate that you are prepared to seal the deal) may get ignored if you’re too fixated on your responses. Pay close attention to red flags and internal signals, meant to guide and steer you on the right path.
Use emotions to your advantage
Believe it or not, emotions can be used to your benefit in business negotiations. All you have to do is select the right feelings to guide you. Rather than feel anxious and concerned, choose to remain calm and relaxed. Why feel insecure when there’s no reason to feel insecure? You could easily swap your anxiety for curiosity. Listen to the vocal tone of your opponent and become interested in what they’re saying. By focusing on the actual conversation, your feelings of angst will fade away.
Put your anger to good use
Anger can become your best attribute during a business negotiation. You just have to learn how to use it. Some business people feel more resourceful when they’re irritated; it may sound surprising but this conflicting sentiment can stimulate the brain and make it more lucrative. In special circumstances, anger can be associated with resilience. A hard-hitting attitude may frighten counterparts, and thus you will be free to use persuasive techniques to win negotiations.
Always know your limits and don’t permit anger to become your worst enemy. If you’re not attentive, this feeling can become dangerous and it can interfere with your abilities to bargain. Rookie negotiators should adhere to a detailed negotiation training program before dealing with important deals; you may have the potential to win, but you also need guts and determination to make opponents respect and esteem you.