As a business owner, you wish to
collaborate with other business and investors to grow your company. You need
them to ensure that your business won’t get stuck. There are even people you
admire because of their skills and talents. You hope that you can partner with
them at some point and take your company to a different level.
The problem is that as you begin to
meet with top officials and other people on their team, you realize that you’re
not getting a good deal. You don’t think the partnership will work. As such,
it’s crucial that you learn how to say no. You might be letting go of a
potentially good partnership, but the cons outweigh the pros. Learn how to say
no and move on.
Study the partnership
Before you say no, you need to understand
the potential partnership. You have to determine if it’s best for you to
start something now or negotiate further. If you don’t agree on a lot of things
or you think the conversation won’t go anywhere, it’s time to end it. You can
politely decline the offer and end the conversation there.
Be grateful of the opportunity
You already decided to say no to
the offer, but you
don’t need to be rude. Even if you disliked the terms and you thought you
wasted your time, you still need to remain gracious. People in the world of
business run in circles. There’s a chance that you will meet with these people
again for future partnerships. You don’t want to be in negative terms with each
other. They also have connections. These people could say terrible words about
you and spread it. You don’t want to lose all potential partnerships because
you were rude.
You will still have other
partners in the future
Don’t feel bad that you decided
not to pursue
the partnership. You can still receive other offers in the future. Besides,
if your company is doing well, you can expect people to come and meet with you.
There are investors who want a share of the pie. You have to stay positive that
more opportunities will come your way soon.
When your business is doing well,
you will be in a better position to negotiate. People will listen to you and
your demands. You don’t need to settle with terms that aren’t too favorable. You
won’t have to keep requesting for potential partners anymore, but select from
those who want to commence partnerships with you.
Focus on your business and its
a positive attitude and never say bad things about others. You’re not only
investing by improving your business, but you also invest using your
personality and building positive relationships.
You know your goals and you have
to do whatever it takes to get there. Having good partnerships and having the
right investor by your side is a good start.
1st and featured image
2nd image from https://www.readytalk.com/blog/christine-nguyen/mutually-beneficial-partnerships-part-2-4-steps-for-identifying-and-approaching-a-potential-partner