#37. $100 Billion Dollar Negotiations w/ Christine McKay
After our Jay Abraham episode, I kept thinking to myself, who'd be a great follow-up to buying, growing, and selling businesses? Then, a Modern Consultant listener recommended I have chat with this week's guest.Why? Well, she's a master of negotiation - $1M+ deals, $1B deals, and $100B deals. So, no matter what level of business you're playing at, there's something everyone can learn from here.Meet Christine McKay, CEO of Venn Consulting, a master business negotiator with extensive experience in M&A (mergers and acquisitions), divestitures, and integration. She is also the author of the book, Why Not Ask? A Conversation about Getting More and contributing author for several compilation books.Topics We Cover:How The Hardest Negotiation Starts WithinThe Four Primary Styles of NegotiationThe Champion Style of NegotiationEvaluating the Success of a DealBenefactor, Maverick, and Ambassador Styles of NegotiationNegotiation as a Way of LifeUnderstanding Negotiation Styles in Relationships and BusinessReferences and Links: https://www.vennnegotiation.comhttps://www.linkedin.com/in/christinemckay/Book (Amazon): Why Not Ask?: A Conversation About Getting MoreTimestamps:00:41 Negotiation styles, identifying clients, personal journey.09:29 Supportive, homeless single mom graduates Harvard, alcohol journey.11:07 Incredibly transparent and impactful story, deeper insights into personal interests, grandfather's suicide, inner world transformation, negotiation with oneself.20:06 We adapt to get more yeses, surround ourselves with similar people, develop a default style for asking, influenced by media.23:21 Beware of the zero sum mentality.31:46 Playing victim, undermining, destructive. Sometimes championing boundaries.37:13 Growth mindset in negotiation, 4 styles.39:48 Negotiating math assumptions in pricing strategy.48:52 Negotiation is everywhere; values guide compatibility.52:34 Curiosity fuels effective negotiation; play is important.59:29 Assess inventory, profits, risks, strategy, relationships01:01:37 Find opposite of fear; lean into it.More About The Guest:A specialist in David & Goliath negotiations, Christine is building the Negotiation Center of Excellence for small and mid-sized businesses. Having worked on deals totaling over $100 billion, Christine has negotiated with and for approximately half of the Fortune 100 including: Apple, Boeing, Marathon Oil, Johnson & Johnson, Verizon, American Express.About The Host:Marc helps experts scale their impact in the form of high-ticket courses, programs, VIP days, and masterminds (without losing the deep impact of their 1-on-1 work).After helping over 1,000 entrepreneurs, he created his Product Flywheel Framework to help the next 1,000 do it faster. Learn more at: https://8020solutions.co