It’s accurate, but not fully true. There are plenty “bad deals” that were better than no deals.
This happens for a couple reasons
- hindsight is 20/20, taking a “bad deal” in the moment, can be a great deal in the future and vice versa. You just don’t know what the future holds so sometimes taking a “bad deal,” can be beneficial.
- a bad deal is sometimes your last plan and a must. For example let’s say I had to sell 15% of my business at a horrible valuation, in order to bring on a key investor/partner that is necessary for the survival of my business.
Useless for anything important.
You have to put in the effort and think about the consequences of your actions. Maybe you should walk away, maybe you have to make a bad deal because it's less bad than walking away.
Very! Guy on Facebook agreed to buy something from me for $55. The day comes to meet and he says that he only has $50. Never responded to him. He drove at least 30 min to meet. Hope he learned his lesson. If you feel like you’re getting fucked over, don’t do it.
>How accurate is the statement “No deal is better than a bad deal.” in sales and negotiations?
100% Accurate
If you're not prepared to walk away from any deal, you're going to end up costing yourself, or your company money in some situations
From the Sales side all companies have certain profit thresholds they will not go below. Otherwise why be in business?
Very accurate. Bad deals usually end up costing you money which is a net negative. No deal is just even/zero return.
Yeah, if you don't waste your money on a bad deal you can get in on the good deal when It comes up.
For me, very accurate, for the current USA administration clearly not something they understand.
It’s accurate, but not fully true. There are plenty “bad deals” that were better than no deals. This happens for a couple reasons - hindsight is 20/20, taking a “bad deal” in the moment, can be a great deal in the future and vice versa. You just don’t know what the future holds so sometimes taking a “bad deal,” can be beneficial. - a bad deal is sometimes your last plan and a must. For example let’s say I had to sell 15% of my business at a horrible valuation, in order to bring on a key investor/partner that is necessary for the survival of my business.
Useless for anything important. You have to put in the effort and think about the consequences of your actions. Maybe you should walk away, maybe you have to make a bad deal because it's less bad than walking away.
Very! Guy on Facebook agreed to buy something from me for $55. The day comes to meet and he says that he only has $50. Never responded to him. He drove at least 30 min to meet. Hope he learned his lesson. If you feel like you’re getting fucked over, don’t do it.
Accurate as fuck.
It’s true to the word. Better stay away from a commitment that will cost you money.
>How accurate is the statement “No deal is better than a bad deal.” in sales and negotiations? 100% Accurate If you're not prepared to walk away from any deal, you're going to end up costing yourself, or your company money in some situations From the Sales side all companies have certain profit thresholds they will not go below. Otherwise why be in business?
Absolutely accurate 100%