Michael Newman’s latest ‘e-Wealth Daily’ article is titled “The End of Boardroom Deal Making”. [‘Boardroom Deal Making’ Article]


Michael Newman’s latest ‘e-Wealth Daily’ article:

The End of Boardroom Deal Making

There’s much more to making a deal than a successful boardroom meeting. In fact, the boardroom is rarely the place where deals get done. These days, deals get done in informal, relaxed settings like the golf course, a ball game or a watering hole.

I think there are a few reasons for this. For starters, the boardroom can be a little too formal. Sure, it’s fine for hammering out contractual details and dotting I’s and crossing T’s, but in terms of creativity, explanations and a number of other things, it simply doesn’t act as a good venue. People feel pressed and simply aren’t able to properly or accurately go over what’s required. It’s almost like they’re racing against the clock.

When you take your meeting out of the boardroom, you know you’ve got a long period of time in an informal, comfortable atmosphere to just be yourself. Conversation flows more freely and much of the pressure associated with the boardroom is relieved, leaving a greater opportunity to articulate your point and engage your counterpart.

Of course, just because you’re out of the boardroom doesn’t mean you can throw your professionalism to the wind. It’s important to remember at all times that you’re not out with one of your friends, but with a business contact. You want to show them in multiple ways why you’re fit for their business and are worthy of a partnership. If you come off like someone overly casual or too relaxed, it may cost you, so be sure to keep an element of your business side intact.

The one issue you may have with moving the meetings from the boardroom to the golf course, ball game, or bar may be the cost. After all, if you’re already paying for some office space, why wouldn’t you want to use it?

Well, look at these meetings as an investment. The better time you can show your counterparts and the more personal depth you can show them, the better your relationship becomes. By interacting in a more natural atmosphere, relationships can be built that simply can’t be in the boardroom. This can build great comfort and the start of lucrative business relationships!

If you’re looking for a way to ramp up your business, think about having some fun with your meetings. It could end up having big-time benefits for your business!

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

Sharing is caring