Business idea · Education
Negotiation Training Program for Entrepreneurs
Negotiation Training Program for Entrepreneurs is a specialized training program focused on teaching entrepreneurs effective negotiation techniques specifically for business acquisitions and partnerships. It was pitched on My First Million, hosted by Sam Parr and Shaan Puri, in the episode "We Turned $5M Into $419M Buying Cashflow Businesses ft. Jeremy Giffon" (aired April 16, 2024).
At a glance
| Podcast | My First Million |
|---|---|
| Hosted by | Sam Parr and Shaan Puri |
| Episode | We Turned $5M Into $419M Buying Cashflow Businesses ft. Jeremy Giffon |
| Aired | April 16, 2024 |
| Category | Education |
The problem it solves
Entrepreneurs often lack negotiation skills necessary to secure favorable terms during business acquisitions, resulting in poor deals. Existing negotiation training programs may not focus specifically on the nuances of business acquisitions, leaving entrepreneurs ill-prepared.
How it makes money
Online courses and workshops with tiered pricing for individual and group sessions.
Skills you need
Expertise in negotiation tactics and strategies Curriculum development and instructional design Marketing and sales skills to promote the program
The market, and why this works now
The rise of remote work has increased the need for effective negotiation skills, particularly for entrepreneurs navigating business acquisitions. Launching the program through platforms like LinkedIn Learning can attract professionals seeking to improve their negotiation capabilities. However, initial capital investment in curriculum development and marketing may be significant, requiring careful financial planning to ensure sustainability.
Our analysis, written after the episode. Not a quote from the show.
Where this idea came from
Podcast: My First Million, hosted by Sam Parr and Shaan Puri
Episode: We Turned $5M Into $419M Buying Cashflow Businesses ft. Jeremy Giffon
Aired:
Summarized from the episode transcript. The show does not say which speaker raised each idea, so we credit the show, not a person.