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Old bike is sold !

Old bike is sold !

David agrees to buy Alex's old bike at $8,000.
David pays $400 as token money to Alex and agrees to pay balance money in next 7 days upon bike delivery.
Alex is in fix, when Newton offers $11,000 for the same bike. What should Alex do?
Photo Adaptation : https://pixabay.com/photos/yamaha-motorcycle-biker-motorbike-8057245/
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Negotiation is an important life skill

Negotiation is also a game, the more you play and practice, the better you get. Learn and prepare negotiation to reduce anxiety. Like any other skill, it can be mastered.

· Negotiation skills are learnable · You need to know the concept & principles · You need to apply the principles & practice the game · You should get feedback after each negotiation to improve

Last but not the least, seek negotiation and don’t avoid it. When you do buy or sell an asset or join a new job, negotiations are part of the whole process. Prepare for negotiations and don't avoid.

Negotiation is an information game, a conversational dance where we exchange offers...back and forth…offers and counteroffers to benefit mutually.