What are common negotiations mistakes that business people make?

[King Belieal]

Negotiations is one very vital aspect of business. And it it is a skill that every business person should have. What are the common mistakes that business people make in the process of negotiations? And how does such mistakes affect the business?

 

[gwolf666]

Common mistakes businesspeople make in negotiations include not preparing adequately, focusing only on price, and failing to listen to the other party. These errors impact business by leading to unfavorable agreements, missed opportunities, and damaging important business relationships, which can lead to hidden costs and wasted resources.

 

[eLdavis]

One common mistake is to start with the last price or the exact price, this often leads to the client under pricing the product or services.