Reframe negotiation as a collaborative problem-solving approach

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Negotiation should be viewed as a collaborative effort where both parties are on the same side, working together to solve the problem at hand. By shifting the focus to the problem as being on the other side of the table, parties can explore underlying interests, motivations, and preferences. This approach allows for a deeper understanding of each other's perspectives and facilitates a joint effort to find creative solutions. By making the problem the common enemy and collaborating to address it, negotiations become more productive and solutions-oriented.

Episode 573: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk to Jeremy Giffon about how Tiny Capital turned $5M in equity into 30 profitable companies.

Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5

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Show Notes:

(0:00) Humble beginnings at Tiny Capital

(4:40) Tiny’s first acquisition

(8:17) 50X return on Dribbble

(10:14) Skip the cash flow statements

(11:57) How to spot the opportunity

(14:00) Chris’s superpower

(16:20) Stomaching aggressively low offers

(17:46) Make an offer and stop talking

(19:36) It’s not you vs. them

(22:06) "What would need to be true to make this deal?"

(23:03) How to crush the cold email

(25:15) Worst deal -- ignored red flags, lost everything

(27:00) Best deal: Mealime (25X return)

(29:16) Weirdest deal ($36.00 acquisition)

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Links:

• Tiny Capital - https://www.tiny.com/

• Dribbble - https://dribbble.com/

• Metalab - https://www.metalab.com/

• Mealime - https://www.mealime.com/

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Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

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Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano