Empowerment Keys August Edition

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Intro

What if we told you that you spend most of your time negotiating? Would that surprise you?

Well, whether you believe it or not, we were all born to negotiate, it's part of our essence. Life without negotiation would be meaningless.

We start negotiating from the earliest age.

Initially, these are basic things in our lives as babies and children, but as we grow into adulthood, we start to negotiate various issues that concern practically everything around us.

Do you remember when you were a child and you wanted something? How did you go about getting what you wanted?

We are sure you're laughing right now as you remember what happened. Did you get what you wanted?

We?want to announce that YOU were already a Negotiator in training!

Motivation

What’s important when it comes to negotiating?

Ladies, you may be asking yourselves, “But what is negotiating anyway?”

If you Google it, you'll find that there are several definitions. In particular, the one we like best is as follows:

‘Negotiation is a situation in which each point requiring agreement is dealt with in such a way as to seek to satisfy the needs of both parties, who hope to improve the situation in which they previously found themselves’.

We like this definition because it starts from a very important premise: a negotiation is only good when it's good for all sides.

Many people, when negotiating, try to impose a win-lose relationship with their client, in other words, a relationship where one side ends up winning and the other side loses.

So always remember:

When negotiating, always try to establish a win-win relationship with your client. That way, both sides will be satisfied and you'll avoid future problems.

Tips

Few important tips that can help you take the step towards starting a negotiation:

Negotiate more than just the price: Understand that negotiations are about more than just financial compensation. Should be included in the negotiation: payment methods, delivery times, referrals, advantages and other rewards.

Bear in mind that the price is only the tip of the iceberg during a negotiation.

Listen: Customers want to feel that their opinion is valuable and has been taken into account. To be a good negotiator, you must be an exceptional listener.

Listening is a key component in reaching an agreement during negotiation.

Work to resolve the problem: Work with the other party to find a solution to all areas of the disagreement.

Often, it's not just a discount that your interlocutor is looking for, but just attention and understanding.

When all parties try to work so that the other party can gain something, everything flows differently, as people leave feeling that they have gained something.

By realising that you are making a real effort, the customer can understand the situation and be more flexible about the deadline.

Breaking News

Women now hold over one third of all leadership roles in FTSE 350 companies

If you still think that negotiation isn't a subject for women, then we invite you to read the article about women leaders in the UK (March 2024).

The Review is the successor of the Hampton-Alexander Review and the Davies Review, all aimed at increasing focus on gender diversity at board and senior leadership level by Government, companies, and investors.

The Review focuses on the FTSE 350 but over the past two years it has also looked beyond the largest listed companies to examine diversity in leadership at 50 of the largest private companies and partnerships in the UK.

The 2024 Review, indicates that women now hold over one third of all leadership roles in FTSE 350 companies and includes the following key findings:

• FTSE 350 companies met the target of women holding on average 40% of board positions last year, three years earlier than the target of December 2025. Women now hold 42.1% of board roles, with some companies targeting gender parity. There are no all-male boards remaining in the FTSE 350.
• This means the UK is second globally in terms of percentage of women on boards, behind only France at 44.7% which operates a quota system rather than the voluntary system in the UK.
• In respect of the four senior board roles, being Chair, Senior Independent Director (SID), CEO and CFO, there has been continued progress in representation in the role of the SID where women now hold 47% of positions in the FTSE 350. Women hold one in six Chair roles.
• However, the number of women in executive director roles is lagging this, with only 15% across the FTSE 350. Churn in CEO positions has led to no change in the number of women in this role over the past year, at 21.

To enjoy the full article, click on the link: FTSE Women Leaders review

Blog

Building a Financially Strong Future: Our Approach to Women's Financial Empowerment

Financial empowerment is the ability and confidence of individuals and communities to make positive financial decisions that promote their long-term financial stability and financial well-being.

We invite you to explore our article and discover how this will help you on your journey to a Financial Strong Future.

Special dates

August has several special dates dedicated to everything that is around us in this world, it’s also Summer time, so let’s enjoy together:

• 1st August: Lammas Day -? Harvest Festival, on this day, farmers made loaves of bread from the new wheat crop and gave them to their local church. It’s also the World Lung Cancer Day and the National Girlfriend Day
• 7th August: Playday - National Day for Play - It is a celebration of children's right to play, and a campaign that highlights the importance of play in children's lives.
• 9th August: International Coworking Day - celebrates the impact of the coworking movement. It's a day to realise we are all part of something greater than ourselves. We also celebrate The International Day of the World's Indigenous People and The National Book Lovers Day - Books are a never-ending source of education. They carry memories from the past as seeing an old book will always transport you back to the time in your life when you read it.
• 10th August: The Lazy Day - A day to do no work, no house chores, and to just sit down and enjoy your favourite tv show, read your favourite book, or anything you want, just as long as it is a lazy activity.
• 11th August: -National Son and Daughter Day - a day for parents to show the love they have for their children, whether they're young kids or grown-ups, and to spend some time with them making new memories.
• 12th August: Middle Child Day - to honour and celebrate the often ignored and overlooked middle children.
• 14th August: National Financial Awareness Day - is about finding ways to achieve financial independence and sharing information relating to that goal.
• 15th August: The Assumption of Mary Day - the day Mother Mary, the mother of Jesus Christ, was physically and spiritually taken into heaven to be with her son forever.
• 16th August: The Tell a Joke Day - is a day to be filled with smiles and much laughter from morning till night as everyone shares their favourite jokes.
• 19th August: World Humanitarian Day - It is a day to honour humanitarian personnel and recognize their efforts as aid workers during humanitarian world crises.
• 21st August: International Day of Remembrance and Tribute to the Victims of Terrorism - to memorialise the millions of victims of persecution and mass murder.
• 23rd August: International Day for the Remembrance of the Slave Trade and its Abolition - to Honour the Victims of Slavery and the Transatlantic Slave Trade.
• 26th August: Summer bank holiday - was initially introduced as a way to give us all a chance to make the most of the summer. But it didn't always fall on the last Monday of the month. Up until 1971 it always took place on the first Monday of August.?
• 30th August: International Day of the Victims of Enforced Disappearance - It gives victims' families the right to seek reparations, and to demand the truth about the disappearance of their loved ones.
• 31st August: International Overdose Awareness Day - spreads the message about the tragedy of drug overdose death and that drug overdose is preventable.

Thank you for reading! We'll be back next month.

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