In a competitive global field full of many tricks, man more often than not does not stand alone in a timeless venture such as wealth building. The marketplace for building wealth and attaining financial success is laden with many formulas and hence, no one technique can comfortably apply to all situations. Getting ahead financially will require inputs from others or their involvement in your wealth building strategies. It seems pragmatic to learn some of the most enduring wealth creation skills successful men have mastered through the ages, such as the art of persuasion in building wealth.
1. Wealth and The Basics of Persuasion:
Be intuitive in your approach and attitude. To negotiate the investment terrain successfully, you must realise that there is something for the other partners. While protecting your interests, respect their views and positions too. You must come up with some irresistible ideas, plans and schemes to convince your partners to shift from their hard earned positions, part with their precious resources or give you that loan for your start-up.
2. The Right Communication:
Be focused on the subject matter without deviation. Master the art of undivided attention and concentration to drive your view points home. Donald Trump was rebuffed initially when he wanted to embark on his skyscraper projects, but he was focused and made his points using more convincing media presentations supported by facts. Always pitch your tent with right words, body language and expressions. Effective communication is key.
3. Be Confident:
Boost your confidence by doing your homework and research. Being able to speak confidently and knowledgeably is an irresistible weapon capable of lowering the level playing field in this enterprise of persuasion through wealth building. You should convey your thoughts with an aura of dignified authority laced in mutual respect. Didn’t they say practice makes perfect? Put your relevant information backed by research into practice until you feel comfortable in your skin to face your prospects.
4. Be Resilient and Flexible:
Just as positioning for the battle is indicative of readiness, knowing to when to withdraw tactically is strategic. You must anticipate and be ready for rejection, prejudice or bias. Learning to let go of rigid and prejudiced view points, rather than becoming confrontational proves maturity and resilience on your part. Patience is a virtue you want to pragmatically exercise by discerning when to overlook some battles at the negotiation table. This I must stress comes with experience, which is sometimes lacking with youthful exuberance.
5. Keep an Eye on The Outcome:
From the very onset, keep tabs with the expected outcomes of all your preparations and master delivery. Successful people deliberately have the financial outcomes of all their planning and investments constantly under the radar. Employ this same mindset of having a tangible goal in mind during the persuasion and negotiation process. This element of probable success will come handy in other similar ventures that require financial prudence, investments and wealth creation.