Redmon’s Rules – Rule #21: Sealing the Deal

Redmon’s Rules: providing weekly rules and tips on leadership, management, business growth and strategy.

21st Rule: Sealing the Deal

In business, negotiating deals is your livelihood. Don’t be afraid to leave money on the table if the deal isn’t concrete. Evaluate areas of your business that would be affected by this transaction and do due diligence to determine how the deal will affect your profit margin. Your job is to maximize the opportunity by squeezing every benefit out of the agreement, thereby sealing the deal.