Most of us know Donald Dell as one of the fathers of sports marketing. A group president of Lagardere Unlimited, Dell received his B.A. from Yale University (1960) and his J.D. from the University of Virginia (1964). Dell also served as the chairman and CEO of ProServ, Inc. He holds the distinction of being a former American Davis Cup player and undefeated Davis Cup captain. Dell was inducted into the International Tennis Hall of Fame in July 2009 and has published two books based on sports business negotiations: Minding Other People's Business: Winning Big for Your Clients and Yourself and "Never Make The First Offer". This book is a culmination of Dell's knowledge gained from years of experience as a negotiator.
On page 7, the author introduces us to the Ten Rules of Power Networking. Because as Dell explains, people like to do business with friends.
The Ten Rules are:
1. Make Friends
Spend time getting to know people in your line of business.
2. Make Friends of Their Friends
Nothing gives you credibility like a recommendation from a mutual friend.
3. Find Mentors
Use coaching as a way to increase your knowledge
4. Give Advice (Carefully)
Delivery is the key. Make sure you don't come across as a know-it-all.
5. Don't Keep Score
Do favors whenever possible, don't try to collect right away.
6. Massage Your Network
Keep correspondence going to your network.
7. Do Your Homework
Gather as many facts as you can before the negotiation.
8. Show No Fear
Be confident.
9. Do Good Work
Build a reputation for doing good work.
10. Do Good Works
Here is a way to help others and grow your network.
Readers will enjoy the colorful stories that Dell shares. Within each chapter is a guest story by some famous person that illustrates the main point. Chapters 3 through 6 prepare us for the negotiation. Build trust, don't judge, and have a backup plan are some of the useful advice, we are given. Chapter 7 starts the tactic phase and we learn "how" to negotiate.
According to Dell the fundamental principle of good negotiations is rooted in the long-term relationship we have with others. I agree. In fact, Dell has fashioned a primer on not only negotiation but how to be successful in business. This is a must-read book.