Understanding Participatory Budgeting In Deal Techniques — Processes And Outcomes

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Deal Techniques

This is an episode you don’t want to miss!

What Is Participatory Budgeting And How Does It Affect Deals?

Processes Involved In Participatory Budgeting

It doesn’t matter if you’re starting or already have a multimillion business; everyone has a budget. The budget is never enough because human imagination is unbounded and human resources are limited. Learning how to navigate those choices is the most central activity.

Discovery Phase

Dreaming Phase

Design Phase

Decision Phase

Are You An Entrepreneur Or An Aspiring Entrepreneur? Understand These Facts Before Jumping On That Deal

  • Ask yourself if you really want to do the deal. A deal that you can’t walk away from is probably not a good deal.
  • If you’re trying to sell, hiring an external firm or investment banker doesn’t guarantee sale.
  • You should negotiate deals in comfortable settings and conditions.
  • Understand the transaction can be structured so that the total amount to be paid is available to enable both parties to succeed, but that doesn’t necessarily mean the money is changing hands in the deal process.
  • Be clear on where you are and what you’re bringing to the table.
  • Don’t skimp on your legal team- make sure your contracts are well intact.
  • Get a good lawyer — someone you trust and has experience in corporate law.
  • Don’t be difficult to work with.

Are You A Business Owner Who’s Trying To Exit? Is That Sale Taking Too Long? Check This Out

  • Before trying to exit your business, you need to understand it takes about a decade to get your company from start to market. Not all deals will turn out the way you want them to, and you need to understand several factors are involved.
  • Take a look at your revenue structure! You’d probably not find the perfect offer if the revenue structure is too small.
  • Do you have the wrong mix?! You’d probably find it difficult to make the sale if the mix is wrong. Check the service component — what sort of business are you mixing? Is it the right mix? How much of your revenue is going into your service component?

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Corey Kupfer is an expert strategist, negotiator and dealmaker with 30+ years of experience. He is also the creator and host of the DealQuest Podcast.

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Corey Kupfer

Corey Kupfer

Corey Kupfer is an expert strategist, negotiator and dealmaker with 30+ years of experience. He is also the creator and host of the DealQuest Podcast.

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