3 of 3
BACKNEXT
Know when to hold 'em
Know when to hold 'em
Never Make the First Offer (Except When You Should): Wisdom from a Master Dealmaker
By Donald Dell with John Boswell
Portfolio, 224 pages, $25.95

Sooner or later every entrepreneur must negotiate a deal. Chances are that yours will go better once you've read this book.

The author is a high-profile sports negotiator who bolsters his sensible advice with tales from his experience handling such clients as Arthur Ashe and Michael Jordan. As the title indicates, Dell is against making the first offer -- unless you can see a lowball coming. He also has a lot to say about managing the human side of a negotiation, including the art of sizing up the opposition.

Even his more wide-ranging lessons are good. My favorite: Being asked to do a business favor is "an opportunity, not an obligation." But if you honor the request, expect nothing in return; don't keep score. Leave the karma to the business gods and you'll be amply rewarded.

More galleries

Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
LAST UPDATE: Sep 11 2009 | 2:10 PM ET
Leading the creative class Authors take on the future of advertising and unleashing employees' innovative ideas. More
Your best business advisorTaking aim at Tom Peters and the jerks at work. More
New strategies Women buy, men don't. So why do companies overlook the psychology of gender? More
Sponsors

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.