Strategic Deal Closure: Navigating the Holiday Season for Optimal Timing
In this video, I talk about how the countdown to the Christmas break provides a great opportunity to finish things that have been dragging. We often find people are willing to try and tie up loose ends on a deal just before the holiday. So now's a good time to negotiate, particularly if it's been a difficult negotiation or maybe you're just not quite getting some cut through on a difficult deal. Remember the other side is probably a little bit tired, maybe they're really keen to wrap something up. So always use this week or two before Christmas as a great opportunity to try and finalize that deal that's been dragging along for months.
We can help you with answering your legal queries about not only the deals you can finish off before Christmas but also the new things you can do in 2024.
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VIDEO TRANSCRIPT
Ross Millen
Hi. Well, it's mid-December and I think this is a great opportunity to, on the one hand, finish things off that are in train, and then on the other hand to have a break and come back in the new year refreshed with some new plans for your business. So first of all, as we're heading towards Christmas, there's not many days to go, and often I've seen that people are very willing to try and tie up the loose ends on a deal just before Christmas. So now's a good time to negotiate, particularly if it's been a difficult negotiation or maybe you're just not quite getting some cut through on a difficult deal, or a difficult discussion or a difficult negotiation you've got. Remember the other side, probably a little bit tired, maybe they're really keen to wrap something up. So always use this week or two before Christmas as a great opportunity to try and finalize that deal that's been dragging along for months.
Another great opportunity, I think, is when you've got time away from the business, when you're with your family, your friends, having perhaps a holiday, start thinking about some of the things that you could be doing in 2024. Maybe you can advance into a different area of business. Maybe you could buy a new property, maybe you could expand, maybe you could get some new staff. Maybe you could take a seat back and put someone in as a general manager. But they're the sort of things that, unless you're planning to do it over the break, then you don't get a chance. Before you know it it'll be March, April, May, and then you'll be listening to this video again in 12 months time. So now's a great time to do some business planning. Now, while you're making business plans, remember, speak to your lawyer, speak to us. We can help you with answering your legal queries about not only the deals you can finish off before Christmas, but the new things you can do in 2024.
So remember, I'm Ross Millen from Millens. If you've got any questions you want, any assistance, don't hesitate to contact us. Thank you.
