How to Avoid Bankruptcy – How Bankruptcy Can Be Avoided With Debt Negotiation

The term Bankruptcy is itself considered nothing but loss from both the lenders and the borrowers’ point of view. This is the most traditional and the old way for the settlement of debts but there are many complications and hardships related with this method. That is the reason, why people are not encouragingly to opt for this method. Even the banks and the financial institutions do not want their customers to file for bankruptcy because in this way, they will not get any thing. No doubts that filling for bankruptcy help the person in coming out from the stress of financial instability in very short spans of time but in the long run, they will face a lot of problems and difficulties. One of the greatest problems they will face for next many years is that they will not be authorized to get any financial aid from banks.

Bankruptcy can only be avoided if the person goes for debt negotiation process. Debt negotiation is the best alternative of bankruptcy. Process of negotiation is very easy and less time taking that is why, many people are opting for this. Many professional negotiation firms are working and person can hire their services easily and conveniently. No doubts that the fees of these firms are a bit high but as long as the person is getting the benefit of elimination in the debts, this high fee does not matter. In the process of debt negotiation, the financial experts of negotiation firms talk with the lenders on the behalf of the borrowers. The aim of these negotiations is to make the lenders realize about the bad financial condition of the borrower from which he is going through. As these experts are so trained, they easily have the ability to convince the lender for the terms and conditions of the negotiation. By the help of debt negotiation, person is able to get almost 50% reductions in the amount of unsecured debts and the remaining will be paid by them as per the financial condition of the borrower.

Bankruptcy can only be avoided, if the person hires the services of the debt settlement or the debt negotiation firm. Even the banks and the financial institution are encouraging the individuals to select debt negotiation rather than filling for bankruptcy

Do You Know The Hidden Secrets Of Good Negotiators? Negotiation Tip of the Week

Good negotiators know a wide range of hidden negotiation secrets, when to use them, and which ones to use in their repertoire of secrets when negotiating. That’s one of the things that distinguishes good negotiators from not so good negotiators.

So, what are some of the hidden secrets that good negotiators use? The following are a few of those hidden secrets. Using them will give you an advantage in your negotiations.

Reading Body Language:

Being adept, when it comes to accurately reading the other negotiator’s body language, will give you insight into his train of thought, and an edge in the negotiation. As one example, if face-to-face, note the consistency with which his eyes move when assessing information to questions you pose. If you pose questions that he should have to call on by referencing past occurrences, note the direction he looks in to obtain that information. When that pattern breaks, note it, along with the question that caused it to occur. They’ll be insightful information that you can use in that action.

Know What’s Really Important:

If you’re attempting to successfully entice a venture capitalist to invest in your business, you should know the main question she has about the potential investment is, will I make a decent return on my money and how long might it take to do so? The question is important to keep in mind because it’ll be the answer to that question that will determine what motivates her and what it will take to keep her engaged with you.

Throughout any negotiation, know the main points that will keep a negotiator engaged and determine how you’re going to use that information throughout the negotiation.

Emotions/Hot-buttons:

Always attempt to control emotions when negotiating. Emotions add an extra dimension to what is said.

In controlling emotions, you should know the hot-buttons that will push you and the other negotiator from one point to another, per the state of mind you or he will possess once in that state; you should already be well aware of your own hot-buttons.

To gain insight into the other negotiator’s hot-buttons, gather information beforehand about what ticks him off, and what makes him experience bliss. Then, during the negotiation, take note of his reactions when you push his buttons. If he doesn’t react the way you know he’s reacted in the past, you’ll gain insight into what he may be attempting to keep disclosed. If that’s the case, pick at that thing like a bad itch that begs to be scratched.

Good Listening Skills:

Good listening skills encompass not just listening to what’s said, but also listening for what’s omitted, the word choice used, and the way such words are conveyed; we’ve all heard a statement that sounded like a question. Unless you intentionally mean to pose a statement as a question, don’t do it. Also, note when the other negotiator sends hidden meanings inside of his verbal messages; it may mean he’s unsure of what he’s saying, or that he wants you to believe he’s unsure. Probing will uncover his intent.

When momentum is on your side, accelerate the negotiation. When you’re on the defense, slow the negotiation down. It’s the little strategies that you utilize in a negotiation that will pay the biggest dividends. Thus, when negotiating, don’t take small things for granted. It’s the implementation of small things, such as what’s mentioned above, that will allow you to accomplish bigger outcomes in your negotiation. Master those things… and everything will be right with the world.

Remember, you’re always negotiating.

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PowerPoint Presentations Are Great, But Are You Engaging Your Audience?

Getting an audience interested in your presentation is a challenge. No matter the technology used, whether it’s a PowerPoint, whiteboard, graphs, or other visual aids, it’s your delivery, preparation, or lack of it that will impinge on your performance.

The Buzz Is In The Telling

If you’ve been to a lot of seminars or webinars, you can count in your one hand the few which stood out. Ask yourself what you liked about those gigs. Probably these are the highlights:

1. Good presentation material.

2. Good reporting.

3. Great speakers.

4. Lively participants.

On hindsight, you’ll realize that what made the activity outstanding was your active participation in almost all activities. You asked a lot of questions and were satisfied with the answers, and you probably liked what you saw in almost all the PowerPoint presentations.

But it’s not actually the PowerPoint presentations that were interesting, it was what you understood. You learned something from the discussion, while PowerPoint only served as a visual aid. You were an active participant like the others. Nobody was ready to rush to the door. People wanted to know more and discuss more.

You got the point that the successful presentation was in the manner of showing the ideas and talking about them. The approach was able to draw out or engage the participants. Some of them remember the discussion and not the PowerPoint presentations at all.

Repetition and Anecdotes Count

You’ve observed that the speaker made the participants at ease. He didn’t have to crack lousy jokes. Simply asking how the people were feeling or if they were ready for the next round of discussion stirred people to action.

The speaker (already introduced) starts by telling the audience what he is going to discuss. During his discussion, he guides the audience by telling them that he is now ready to launch on the second or third or last part of his presentation. All the while, he invites people to ask questions.

He repeats what he has said as if driving the idea and embedding it into their minds. He does not only tell, but shows how things are done. To find out if people are on his wavelength, he asks questions, not only to test their comprehension, but to gauge the level of the audience interest as well. He is following the outlined course of his discussion, but makes sure that before launching the next step, his audience learned something.

He injeced stories and parables to his repertoire, or provided analogies. These are subtle techniques used to repeat his theme and objective. At this extent, he has already grasped the group dynamics and responded accordingly.

Make Your Report Dynamic

It does not mean you don’t have to spruce up your PowerPoint presentations. Don’t make the mistake of cramming all the content in your slides. Your slide should serve as a clue to what you are going to elaborate. Remember the guy who read his slides without making eye contact with the audience? He was a bore.

Make an outline of your PowerPoint presentations while never losing sight of your objective. Guided by your plan and your thorough preparation (even a dry run to get an estimate of how long you’re going to present your ideas), you can be confident to engage your audience.