Jim Hopkinson is an author, writer, and speaker living in New York City. His focus is on career development for the new economy, showing how new media, technology and branding are changing how people look at their career and lifestyle. Read more...
There are many times in life when a poor decision is going to cost you some money.
There are the little decisions that bug you, like waiting too long to buy an airline ticket and the price jumps $60, buying a pair of jeans only to see them go on sale for 50% off the next week, or illegally parking your car for just a minute while you run an errand, only to find a $125 ticket on your windshield when you come outside.
Then there are some big decisions. One look at Wikipedia’s list of most expensive divorce settlements – twenty-two of them more 50 million dollars! – will make you shudder.
However, some of the most critical turning points can happen in a situation that you have some control over – a negotiation. Here are five multi-million-dollar negotiation mistakes.