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Jumat, 16 September 2016

INSTANT MBA: Ivanka Trump shares the one thing she always does before closing a deal

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September 16, 2016

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As the executive vice president of development and acquisitions for the Trump Organization, Ivanka Trump knows a thing or two about making deals.

"A deal's not done until there's a handshake or there's a signature," she said.

Business Insider recently sat down with Trump — who is also head of the Ivanka Trump lifestyle brand and advises young professional women with her #AskIT YouTube series — to talk, among other things, about her strategies for success in negotiations.

And she says there's one thing she always does before she closes a deal: She reflects on whether she really wants to do the deal.

"A lot of times, people make the mistake of getting so personally invested in culminating a transaction that even after the deal has become something other than what they initially started with — the economics have been chipped away, the partnership reveals itself not to be a very good one, you don't have a good chemistry with the person you're looking to wind up in a long-term relationship with — people will sometimes sign the deal anyway because they've become so invested in it," Trump said.

Until a deal is done, you want to make sure it's the right one for you to be involved in, she says.

SEE ALSO: 9 rules for negotiating like Ivanka Trump

DON'T MISS: Ivanka Trump shares her favorite piece of career advice

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