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Some of us can negotiate, others just can't.


Now that you have been reading about dealmakers extraordinaire ex·tra·or·di·naire  
adj.
Extraordinary: a jazz singer extraordinaire.



[French, from Old French, from Latin extra
, consider the plight of the non-dealmaker. Case in point: me. Nowhere was my ineptitude Ineptitude
See also Awkwardness.

Brown, Charlie

meek hero unable to kick a football, fly a kite, or win a baseball game. [Comics: “Peanuts” in Horn, 543]

Capt. Queeg

incompetent commander of the minesweeper Caine.
 on the ways and means WAYS AND MEANS. In legislative assemblies there is usually appointed a committee whose duties are to inquire into, and propose to the house, the ways and means to be adopted to raise funds for the use of the government. This body is called the committee of ways and means.  of bargaining more glaringly displayed than when it came time to buy crypt crypt (krĭpt) [Gr.,=hidden], vault or chamber beneath the main level of a church, used as a meeting place or burial place. It undoubtedly developed from the catacombs used by early Christians as places of worship.  space.

My wife and I, acknowledging the inevitable, had responded to an ad in the paper. For sale, two final resting places at a freeway-close cemetery not 15 minutes from our house (25 during rush hour). Seemed ideal--well, as ideal as such matters can be. The sellers, it turned out, were all older couple who had moved to the desert and wanted a burial spot out there. We arranged to meet one Sunday afternoon.

Some due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  on our part revealed that the couple's price was slightly less than what we would be paying the cemetery directly. On inspection, our spots were in an ideal corner location, with a stone bench directly in front and away from stairs, elevators and trash cans In the Macintosh, a simulated garbage can used for deleting files and folders. The trash can keeps the files intact in case the user wants to restore them, but can be "emptied" from time to time to save disk space. .

I was ready to pull out my checkbook. But just as we start walking to the cemetery's office to do the deal, my wife pulled me aside. Maybe we can get a better price. Bargaining on a crypt? I was not enthused. It just seems so ... undignified. We're getting a small discount already, so why not just shake hands, transfer some papers and be done with it?

But what really filtered through my brain was the prospect of having to bargain. The truth is I hate to bargain, whether it's for new cars or cemetery spots.

Perhaps it has something to do with not being very good at it--understandable given that dealmaking is fast becoming a dying art. When you go to the supermarket, there is no dealmaking on the price of coffee or bananas ba·nan·as  
adj. Slang
Crazy: "That's the horrible thing when you're bananas
. These transactions are non-negotiable. Even auto dealerships are introducing "no haggle" programs, where there's one price--take it or leave it.

Donald Trump Editing of this page by unregistered or newly registered users is currently disabled due to vandalism.  believes that good dealmaking is something you're born with. "It's not about being brilliant," he writes in his bestseller, "Trump--The Art of the Deal." "It does take a certain intelligence, but mostly it's about instincts."

That doesn't just cover The Donald's multi-million dollar buying and selling, but life's everyday transactions. Like a job offer. A natural born dealmaker deal·mak·er  
n.
One that makes deals, as in business, finance, or politics.



dealmak
 wouldn't jump at the first number that's handed him. That's a courageous stance, as well as a calculated one. Again, I cite the maestro in such matters, Mr. Trump. "Leverage is the biggest strength you have," he writes. "Leverage is having something the other guy wants. Or better yet, needs. Or best of all, simply can't do without."

In this case, you. So the dealmaker uses that leverage while also recognizing that, taken too far, the other side could reach the breaking point. That's the moment where instead of being someone they can't do without he suddenly becomes more trouble than he's worth.

Still, it's a mistake to confuse dealmakers with whiners or slackers. Some of the toughest negotiators are also among the most responsible, hard-working businesspeople. I'm reminded of a mega-millionaire who threatened to pull out of a six-figure office deal at the last minute because the landlord wasn't throwing in some new carpeting that would have cost maybe two grand.

Foolish economy? That's not the way be saw it. In his view, acquiescence Conduct recognizing the existence of a transaction and intended to permit the transaction to be carried into effect; a tacit agreement; consent inferred from silence.  is a sign of weakness; if he gave in, what would stop the next guy from seeking a break? Besides, why shell out $100 for something that you can get for $80? Given the success that Wal-Mart buyers have in bargaining down their vendors, it's not such a crazy notion.

Nor is saving a few bucks on a crypt, right? We arrived in the cemetery office, exchanged pleasantries pleas·ant·ry  
n. pl. pleas·ant·ries
1. A humorous remark or act; a jest.

2. A polite social utterance; a civility: exchanged pleasantries before getting down to business.
 with the sellers, and then it came time for business. After being given a rundown Rundown

A summary of the amount and prices of a serial bond issue that is still available for purchase.


rundown

A list of available bonds in a municipal issue of serial bonds.
 on the terms of the transfer (price, upkeep, etc.), all eyes turned to the prospective buyers--the folks with the leverage (and checkbook). Here was the moment I could speak up. "My wife and I were thinking it over and we just can't do the deal for that price ..." I would say, and they would look at each other and perhaps counter my counter and then I would counter their counter and after a few minutes of giving and taking, we would probably have a deal.

But as Trump correctly points out, dealmaking is not an acquired talent. You either have it or you don't. So, we are now the proud owners of a two-space, freeway-close crypt, and our bank account is, well, it's a few dollars shy of what it might otherwise have been. Perhaps some things in life are not worth the haggle.

Mark Lacter is editor of the Business Journal. His regular weekly column returns in June.
COPYRIGHT 2005 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:COMMENT; purchasing of crypt
Author:Lacter, Mark
Publication:Los Angeles Business Journal
Article Type:Column
Geographic Code:1U9CA
Date:May 23, 2005
Words:795
Previous Article:Then, it was simple; now it's easier, but more complex.(WEALTHIEST ANGELENOS--DOING THE DEAL)
Next Article:The richest deals: L.A.'s wealthiest got where they are for good reason; they had the guts, instincts and foresight to cut deals others might not...
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