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There is an old adage that when two opposing parties in a legal matter proceed to litigation, then they have both lost their case. Having negotiated thousands of real estate and finance deals in my career as an attorney, I have listed below what I call the 5 “B’s” of successful negotiation:

1. Be prepared. Know your facts and have the relevant information to support your position readily available. Nothing stalls negotiations better or undermines your position more, then when you have to scramble and seek out the information necessary to bolster your position.

2. Be Patient. With good negotiations, reaching a resolution takes time and is not like ordering “fast food.” Don’t feel compelled to make a decision right away. If you are unsure about something, there is absolutely nothing wrong with waiting 24 hours to make a decision. If there are several items to accomplish in a negotiation, focus on those points that the parties are more agreeable on, and tackle the more difficult issues at a later time.

3. Be Consistent. Have a goal of what you want to accomplish going into the negotiations. If need be, “map out” a strategy to reach your goal(s) and plan for contingencies. Most importantly, once you’ve reached an agreement regarding a point of contention, stick with it. Don’t agree to something with the real intent to address and “change up” the issue at a later time. That approach wastes time and undermines one’s own credibility.

4. Be Reliable. Imagine a car that starts only half the time. That’s how adverse parties feel about someone who fails to perform on past promises and then approaches their opposition for new concessions. Granted, in an ideal world, people would perform on their agreements 100% of the time. But in life “things happen” and parties are often called upon to make accommodations and exceptions to agreements long after the negotiations are over. It’s reasonable for a party to be less flexible in their accommodations for people who repeatedly fail to perform. It becomes increasingly difficult for repeat ‘offenders’ to persuade the opposition that “this time things will be different.”

5. Be Civil. This point should go without saying, but negotiations move towards success much faster when parties practice civility. If being civil to the other party proves difficult, then you have an excellent reason for engaging an attorney, a real estate agent, or any other professional intermediary on your behalf.

There are times when parties to a settlement leave the negotiation table not getting everything they wanted. That’s fine. In most good deals, the parties need to concede some, but not all, of their position in order to reach a resolution. Those people who insist on going to the negotiation table with an “all or nothing” attitude, do not make good negotiation partners initially, but by using the preceding 5 points, they will in time.

A common misconception amongst many consumers is that the only way to get rid of credit card debt is by either paying it off or by filing for bankruptcy. Many times paying it off just isn’t possible due to financial constraints and declaring bankruptcy can hurt an individual many more ways than just financially so that should be avoided at all costs.

Another alternative that makes sense for a great many people is credit card debt negotiation. This is accomplished by working with a well-trained representative of a reputable debt settlement company who will work directly with the credit card companies that are owed money in order to reach a viable solution that is agreeable to both the creditor and debtor.

How It Works

When dealing with debt it’s all about the numbers. What happens in credit debt negotiation is the debt negotiator or debt arbitrator will work out a financial settlement price as a percentage of the whole. For example; if the cardholder is $25,000 in debt the negotiator works with the bank or financial institution to reduce it to $12,000 and the remaining $13,000 is then written off or forgiven.

That is of course a simplified explanation of how it works but I believe it conveys the general idea behind credit card debt negotiation. Another positive is that it will stop the collectors from contacting the debtor at home or at work through phone calls and threatening letters. All correspondence automatically goes through the debt settlement company.

Finding a Reputable Company

It is absolutely imperative that any individual interested in working with an organization to negotiate their credit card debt does their homework in advance to make sure that that company is in fact reputable. The very first thing to do is to contact the Better Business Bureau to make sure that there are no outstanding complaints.

The next thing you want to do is go online and do thorough research. I’m talking about spending hours and doing it right. Search consumer watchdog sites, forums and any and all other information sources that you can find. Don’t be afraid to use the search box on Google. That’s what it’s there for.

Questions to Ask

Asking questions is a big deal when it comes to finding the right debt negotiation company. You’re going to want to know what the training and credentials of the negotiator that will be assigned to you are. You’re also going to want to get a guarantee that they will do exactly what they claim they will do.

Because this is new to you you will no doubt have a great many questions to ask about how the program works. Write them down in advance so you do not forget them. If you feel as though the representative is evasive or does not answer your questions to your satisfaction then move on to another company.

It is your financial future that is at stake so take the time to educate yourself as much as you possibly can about how the credit card debt negotiation process works. The more you know the better off you’ll be and the quicker you will become debt free.

Beginners always need to be guided in order for them to understand what they have to do. This is true even for businessmen since they have to learn everything about the company that they are going to run as well as the job that they have to perform. For those who are operating or managing businesses, you might have heard about the balanced scorecard and its abilities. This is a business tool that enables one get the overall performance of the company based upon the following perspectives: customer, financial, learning and growth and internal operations. Now, you have to understand that the BSC will only work if all of the employees within the organization now about it. Most company owners neglect this responsibility and only let those at the top level of the organization comprehend what the scorecard is all about. In this case, what you need are BSC presentation templates.

The BSC presentation templates can easily be obtained today from the web. You can download them either for free or there are others that might cost you a few dollars. Once you have acquired the template, it is easy for you to come up with a presentation so that those who are working in your company can appreciate and be enlightened on the topic of the balanced scorecard. Before you download scorecard templates however, you should make sure that you can use the content that is provided by the template that you have chosen. It should provide you help on the introduction up to the conclusion of the whole presentation.

You can look for free BSC templates that you can utilize during meetings, conferences or seminars. This is the right opportunity towards promoting the awareness of your staff towards the whole concept of the balanced scorecard. There are really useful BSC presentation templates which you can download and use in order for you to present to your employees the importance of the scorecard to the processes in the company. The templates will guide you on how you can create the entire presentation but of course, you also need to research on a few things which are connected to the company’s position

Implementing the balanced scorecard will become easier with the help of the BSC presentation templates. This is because all the people who are working in the organization that you are running can define what the BSC really is. Aside from that, they can provide other people with information about how the BSC is being utilized in the company. This is particularly useful for the new employees. It is not required to make a presentation every now and then especially when there are newly hired applicants in the business. You can simply ask the older employees to guide the newbies. This is an effective method and can save time, money and effort on your part. Nevertheless, you need to give updates and even provide new presentations to your employees when there are changes within the scorecard that has been implemented. This way, everything will be clearly defined for them and confusion is avoided.