Wednesday, May 11, 2011

Enough

Trying to wring every last nickel out of every single deal may feel good in the moment, but is a long-term losing strategy.

At some point the person across the table will decide that regardless of how wonderful your widget is, the process is too painful to continue.

Pick a margin where you both win, then calculate the five year value of that relationship. That's the number you should be focused on.

Peter

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