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	<title>newCFO &#187; NEGOTIATION</title>
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		<title>You NEVER raise money</title>
		<link>http://newcfo.com/cfo/you-never-raise-money.html</link>
		<comments>http://newcfo.com/cfo/you-never-raise-money.html#comments</comments>
		<pubDate>Sun, 27 Aug 2006 22:32:58 +0000</pubDate>
		<dc:creator>lorenzo</dc:creator>
				<category><![CDATA[ANGELS]]></category>
		<category><![CDATA[BUSINESS PLAN]]></category>
		<category><![CDATA[CAPITAL]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[CFO]]></category>
		<category><![CDATA[NEGOTIATION]]></category>
		<category><![CDATA[PLANNING]]></category>
		<category><![CDATA[SELLING]]></category>
		<category><![CDATA[STRATEGY]]></category>
		<category><![CDATA[VC]]></category>

		<guid isPermaLink="false">http://newcfo.com/?p=52</guid>
		<description><![CDATA[The question that EVERY entrepreneur wants to know is:  &#8220;How do I raise money?&#8221; or some other version of it.  The question is that you NEVER raise money.  WHAAAAAAAAAAAAT? You say (I am sure).


Plain and simply you NEVER raise money . . .
. . .  but you SELL something:

you sell shares in your company (e.g.: [...]]]></description>
			<content:encoded><![CDATA[<p class="date-header">The question that EVERY entrepreneur wants to know is:  &#8220;How do I raise money?&#8221; or some other version of it.  The question is that you NEVER raise money.  WHAAAAAAAAAAAAT? You say (I am sure).</p>
<p><!-- Begin .post --></p>
<div class="post-body">
<p>Plain and simply you NEVER raise money . . .</p>
<p>. . .  but you SELL something:</p>
<ol type="a">
<li>you sell shares in your company (e.g.: Angels, VCs);</li>
<li>you sell portion of your company&#8217;s future cash flow (e,g,: loans,    bank);</li>
<li>you sell seats on the board (usually an accessory top a.);</li>
<li>you sell control: in a VC deal, often the first 49% of a company is free,    it&#8217;s the additional 2% that&#8217;s very expensive.</li>
</ol>
<p>Therefore raising money is a selling activity, a selling process that encompasses institutional branding, institutional marketing its own collateral (e.g.: business plan), and its own selling experience.</p>
<p>Of course if you believe that things are no longer sold, but they are bought:  what are you doing today to stimulate the purchase of what you are selling, either your goods or services, your shares or both?</p>
<p>Try to approach the raising money process as a selling process, sell, sell, sell, sell in everything you do:  will interested investor call your support line?  Will they place an order with you?</p>
<p><strong>Q.:</strong> Where does the selling/branding stop and where does it  begin?<br />
<strong>A.:</strong> NEVER!  It never stops!  From the way you answer the phone, to whether you answer the phone (Amazon.com does not have a phone #, but you can have Amazon.com customer service call you), <a href="http://knitenabler.typepad.com/photos/uncategorized/zappos.JPG">Zappos  uses white boxes highly distinguishable if you see someone walking carrying  one</a>, in Rome (Italy) there&#8217;s a restaurant called <a href="http://it.search.yahoo.com/search?p=la+parolaccia+roma&amp;fr=FP-tab-web-t340&amp;ei=UTF-8&amp;meta=vl=lang_it" target="_blank">&#8220;LA PAROLACCIA&#8221;</a> where the wait staff is rude, and calls customers names ON PURPOSE, and customers do the same.  Do not go there alone or on a date!  Calling their customers dorks and a-holes is their brand!</p>
<p>Suggested reading:  <a href="http://www.amazon.com/gp/product/0471721115?ie=UTF8&amp;tag=2cl-20&amp;link_code=as3&amp;camp=211189&amp;creative=373489&amp;creativeASIN=0471721115" target="_blank">SELLING IS DEAD</a></p>
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<p><div id="attachment_54" class="wp-caption alignnone" style="width: 117px"><a href="http://newcfo.com/wp-content/uploads/2008/08/selling-is-dead.jpg"><img class="size-medium wp-image-54" title="Selling is dead" src="http://newcfo.com/wp-content/uploads/2008/08/selling-is-dead.jpg" alt="Selling is dead" width="107" height="160" /></a><p class="wp-caption-text"> </p></div></td>
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		<item>
		<title>What you really want vs. what you want to hear</title>
		<link>http://newcfo.com/cfo/what-you-really-want-vs-what-you-want-to-hear.html</link>
		<comments>http://newcfo.com/cfo/what-you-really-want-vs-what-you-want-to-hear.html#comments</comments>
		<pubDate>Fri, 25 Aug 2006 22:37:18 +0000</pubDate>
		<dc:creator>lorenzo</dc:creator>
				<category><![CDATA[CEO]]></category>
		<category><![CDATA[CFO]]></category>
		<category><![CDATA[CUSTOMER SERVICE]]></category>
		<category><![CDATA[CXO]]></category>
		<category><![CDATA[HIRING]]></category>
		<category><![CDATA[MANAGEMENT]]></category>
		<category><![CDATA[NEGOTIATION]]></category>
		<category><![CDATA[SIMPLICITY]]></category>
		<category><![CDATA[STRATEGY]]></category>

		<guid isPermaLink="false">http://newcfo.com/?p=42</guid>
		<description><![CDATA[
Consumers have always been an audience, while marketers and sellers have been  the undisputed performers.
Has this ever happened to you?
Customer: &#8220;What colors do you have?&#8221;
Seller: &#8220;What color are you looking    for?&#8221;
Customer: &#8220;Metallic Silver&#8221;
Seller: &#8220;We have it&#8221;.
Later in the buying process, the seller does not have a Metallic Silver product, but in [...]]]></description>
			<content:encoded><![CDATA[<div class="post-body">
<p>Consumers have always been an audience, while marketers and sellers have been  the undisputed performers.</p>
<p>Has this ever happened to you?</p>
<blockquote><p>Customer: &#8220;What colors do you have?&#8221;<br />
Seller: &#8220;What color are you looking    for?&#8221;<br />
Customer: &#8220;Metallic Silver&#8221;<br />
Seller: &#8220;We have it&#8221;.</p>
<p>Later in the buying process, the seller does not have a Metallic Silver product, but in one way or another tries to rescue the sale.  If a sale is based on lies and deceit, was there ever a sale?</p></blockquote>
<p>Some of the techniques used by some sellers:</p>
<p>You didn&#8217;t say Metallic Silver<br />
This is metallic Silver (pointing at  something Red)<br />
and the best of all: seller waste buyer&#8217;s time with excuses and procrastinations till the buyer has no more time to start a new process somewhere else.</p>
<p>So, next time you interact with someone, sellers, clients, prospects, employees, bosses and you walk away happy: did they tell you the facts, or what you wanted to hear?</p>
<p>By the way:  the check is in the mail</p></div>
<p><a class="comment-link" href="http://web.archive.org/web/20061129170620/http://newcfo.com/2006/08/what-you-really-want-vs-what-you-want.html#links"></a> <span class="item-action"><a title="Email Post" href="http://web.archive.org/web/20061129170620/http://www.blogger.com/email-post.g?blogID=32897240&amp;postID=115653464071328834"><span class="email-post-icon"> </span></a></span></p>
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