Learning to say no

Thinking about a business? Here’s one tough cookie you’ll need to swallow.

 

Startups are plagued with a lot of things. Perhaps, the worst of them is the continued search for opportunities to thrive. And this is plausibly the worst of them. It’s a necessary evil because we need the chance to thrive but at the same time they are a point of exploitation that could potentially drill holes of disaster.

 

We’ll have you know one thing: if you feel shaky about a person, trust that instinct. Your chakras are designed to pick up bad vibes. That still rings true for your business/idea.

 

So what do you do when an investor gives interest in your product/project/business/idea; yet you feel that bad vibe?  Here are some sure fire ways to go about this sticky gooey situation:

 

Sit down. Be humble – Right? As if someone looking to exploit you needs any form of good vibes from you. But they really do. Situations change, things change. They may not be ideal today but who knows what they have to offer tomorrow?

 

Give yourself time to think – if it’s a bad vibe it’s a bad vibe. But really take the time to think about it. Situations may not always be ideal but you really need to think if you have skin thick enough to make do with what you’re looking at. Evaluate the pros and cons then take it up with yourself then.

 

Listen to your gut – your Manipura wisdom knows. If you know, you know – it’s just the order of the game. Listen to your instincts before deciding if it’s worth it or no.

 

Negotiate – any sane investor looking at an opportunity will be open to negotiations without gagging you to a final decision.

 

Let it be known that you can say no – your product/project/business/idea is basically your baby. No one teaches you how to parent 100% but we know a thing or two. You can say no. Don’t beat yourself up about saying no. It is rumored that a bad consequence surpasses the road that was never taken.  

 

Lead with positives when saying no – no one likes rejection and that goes for venture capitalists. Be kind when turning them down Heck, you could even throw in the proverbial ‘it’s not you, it’s me.

 

Pick the right place and time – obviously. It’s not like you’re gonna wine and dine them before turning them down, right? At this very excruciating stage, you need to be very professional.

 

Be calm, logical and concise - don’t freak out, think things through and be very straight-to-the-point. Trust us that last one is possibly the hardest but it’s a necessary evil.  Here’s more wins to you.

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