Future News for Present Decisions

News in the traditional sense does not usually affect the day-to-day decisions of people. The weather forecast may lead you to bring a coat or umbrella to work, but it would rarely cause you to feel that you need to switch careers or make life-changing decisions. However, in the world of stocks, futures, and Forex trading, there is a type of news that can alter the fate (and profit) of trillions of dollars. If you are into investing, future news is something you should monitor consistently.

If you practice a passive approach to current events, weather forecasts, and showbiz news, it’s a totally different thing if you are involved in investments and get regularly updated with future news. If you do not wish to lose money by making poor investment decisions, you have to subscribe to a service that can deliver fresh future news and other updates that can help determine if you’re putting your money on the right investment tracks. Getting future news subscriptions has its advantages. You get to:

1. Familiarize yourself with patterns in Forex, futures, and stocks that may prove useful in making investment decisions
2. Be alerted for unfavorable trend patterns that can help you avoid investing at the wrong places
3. Establish a personal record of the “goings on” in the market that you can use for reference, and;
4. Gain information from trusted knowledge sources that are unlikely to report errors and, in turn, cause you to make ill-advised decisions.

There are many ways of getting future news on a regular basis. Executives and professional traders subscribe to trusted services that can deliver updates on a regular basis. Others prefer to hire a professional who will personally collect data and report what he/she has learned at the end of a trading day. Others rely on buying spreads of newspaper to check out the figures and learn a few finance-related headlines that might concern them.

Whatever your method of getting future news is, always remember that individuals who do not want to lose in investment deals should gather accurate information that he/she can use to make wise investment decisions. If you are not a professional and need help in interpreting stocks, futures and Forex trading facts, perhaps subscribing to an informational future news service is what is best for you. Thousands of people gain a considerable part of their income from stocks, futures, and Forex trading, so don’t let yourself be at the losing end because you don’t know enough about what you are trying to invest in.

15 Techniques for Winning Negotiations

As a small business startup or current owner, learning negotiating skills is very important. Believe it or not, there are literally thousands of negotiations that can affect your business and your bottom line. These can be items as simple as getting a discount for your business cards or as complicated as a facility lease. It might be negotiating pay plans with employees or payment terms with a supplier.

The bottom line is most schools do not teach the art of negotiating. And believe me, it is an art, a talent, a skill! For some small business owners it comes naturally. For most of us, learning the art of negotiations comes through necessity, effort, and experience.

Here are 15 techniques that you might consider as you become a master of negotiating:

  1. Always leave some money on the table.
  2. Never compromise on your principles.
  3. Try to judge what’s fair from the other side’s point of view.
  4. Write down your goals and scenarios before every negotiation.
  5. Ask questions.
  6. Information is power.
  7. Discuss only broad terms and conditions on the onset.
  8. Whenever possible, let the other person make the first offer.
  9. If you must make the first offer, make it high.
  10. Always encourage the other party that we are making a deal.
  11. Always come down very slowly if you are selling, and up very slowly if you are buying.
  12. Never give up a concession without getting one in return.
  13. Never lose track of how many concessions you have given up.
  14. Be skeptical about deadlines. Most are negotiable.
  15. Never let an issue be discussed unless you are prepared. Sleep on it.

The next time you are in a position of give and take, you are in negotiation. As a small business owner, this can happen more frequently than not. Most of the time there will be no clear winner but rather some manner of satisfaction on both sides. When this results, your negotiations have probably been successful. The important thing is to understand that the skill of negotiating is a learning process. The four Ps of negotiating: plan, patience, persistence, and practice are crucial to developing strong alliances and relationships that can continue in the future.

Think about these 15 principles and watch as you get the discount, free rent, the next sale, or extended payment terms. Then get ready to move on to the next negotiation, because there is always another one right around the corner.

Effective Business Communications, Presentation Skills Can Be Stifled by Powerpoint

“PowerPoint presentations are a new form of anesthesia and torture. They were even used at the Abu Ghraib Prison.” ~anonymous U.S. military officer.

Every month I attend a breakfast meeting of independent professional consultants. It’s a well-run nonprofit, and the ritzy country club where we gather serves bacon done just the way I like it — chewy, not brittle. Every month, we have a speaker. Nearly every month, the speaker drags us through a PowerPoint (except for one banker, who shunned slides for an unadorned speech, telling us that, in the “interests of efficiency,” he wasn’t going to explain the financial jargon he was using!).

Every month, my distaste for PowerPoint grows. The speaker interrupts eye contact repeatedly, most of us more than one table back from the screen can’t make out much of the lettering, and the give-and-take that should enliven any such presentation takes another nosedive — offering nothing but the illusion of coherence. It’s technology as a crutch, standing in poorly for the good old-fashioned display of public speaking skills that we have within us.

What I’m getting at is that we can all interact with an audience directly and express ourselves in well-prepared fashion. Well-prepared means a 15-minute presentation that you’ve laid out in logical form, as if writing an email to an intelligent friend or associate. Once you’ve got that down, rehearse it in front of a mirror or a family member or a co-worker. It’s that simple. Don’t let PowerPoint obstruct the face-to-face effective communication that serves us so well.

PowerPoint’s emphasis on process over product hit home when I worked last year with some Navy SEALs in Virginia Beach, Va. Back in the states between combat and security deployments, they were on the staff of the Naval Special Weapons Development Group, and they asked me to help cultivate a concise, to-the-point writing style to communicate efficiently with their Pentagon superiors. It quickly became apparent that they were also frustrated by briefings they gave for senior officials, including ambassadors and politicians.

To a man, they hated PowerPoint. As elite warriors, SEALs are subject to constant training — updates on weaponry, civil affairs, language, explosives, you name it. Too often, they complained, that meant absorbing one slide after another, then being pronounced “trained,” as if that’s all it took. They’d appreciate these words from Richard Danzig, Navy secretary in the Clinton Administration: “The idea behind most of these briefings is for us to sit through 100 slides with our eyes glazed over, and then to do what all military organizations hope for… to surrender to an overwhelming mass.”

Against that background, here’s what we came up with for the SEALs’ briefings: Instead of a PowerPoint projector, make sure there’s a flip chart, blackboard or whiteboard within a few steps of your podium or lectern. Leave the lights on and lay out your presentation, pausing every few minutes to walk over and write out some key points. I told them their audience would track their moves and pay close attention to what they had to “say” with the magic marker. In other words, a few salient words or phrases on the board would link them to their listeners in an almost physical sense, with nothing technological standing in the way. (As a side benefit, strolling from podium to board and back is a good way to deal with nerves.)

“But what about all the information you want your audience to take away?” you may ask. “What about all that stuff that shows up on the slides I use now?” No problem. At the beginning, just tell them not to fret about scribbling down any details you throw at them. Tell them you’ll hand out fact sheets at the end.

After all, the overriding goal is engagement and involvement in what you have to say. A good speech or presentation — again, keep it to 15 minutes, 20 at the outside — succeeds if it leads to a vigorous Q&A session. When you speak directly to your listeners, instead of looking away and repeating endless bullet points on a slide, you’ve set the stage for trading ideas verbally instead of passively absorbing one image after the other.

I can’t say it any better than renowned Italian marketing and advertising consultant Giancarlo Livraghi: “The PowerPoint syndrome isn’t just the misuse of specific technology. It’s a cultural disease.”a