I decided to interview someone who is new to negotiation. Many people want to know how negotiating is when your new to the business. This would be a good study guide on what is the right way to go about negotiating and the wrong things that can hurt the negotiating.
The person I chose for this interview is a young entrepreneur named Douglas Ricks III. His company is called 1004 Innovations, which will be a multi-media company, focusing in web designing and designing green eco friendly products in various markets. Douglas is currently located in Norfolk, Va and has met with a few investors.
How did you feel when you had your first negotiation?
When I went into the first negotiation, I thought I had a strong view on the subject at hand. I was real optimistic and thought the investor would understand what I wanted. However, I didn't want to be overwhelmed and big-headed. I just wanted the investor to hear my plan.
How did the negotiation go?
I think it went well because I learned what actual steps I should take. The investor could tell I was new to industry and I needed some guidance. He gave me some insight on what was realistic. I feel like I gained a good contact and he referred me to the right people who can guide me in the right direction.
Do you feel your company will succeed and how will you go about it?
I feel my company will succeed as long as I stay diligent and focus on what needs to be done. I will take the necessary steps needed in order to reach my goal. I know I need to do more research on competitors and stats. I feel that with the right connections I will be alright and on my way to the top.
I'm participating in the 2011 Susan G. Komen Global Race for the Cure.
