Rajesh Reddy @rajeshcarlos
Founder @ Venwiz. Looking for interesting threads and network. Bengaluru, India Joined September 2009-
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3) Focus on Value, Not Just Budget: Align on value—flexibility on terms like payment timelines can lead to stronger partnerships. Have a BATNA: Always have a fallback plan. Negotiating from confidence, not necessity changes the game.
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2) Best ways to vendor negotiations: Data-Driven Estimates: Use methods like zero-based Costing or weighted averages from many quotes. Knowing your numbers builds credibility. Clear Terms: Define targets, service levels, and payment schedules clearly to avoid misunderstandings.
1) Vendor negotiations can make or break a project. Preparation is key to building reliable partnerships and failing to know your numbers is a direct threat to success. 🧵
3) Most importantly, Mentors matter: Guidance from mentors like Aneesh, Karthik, and Vivekananda has been invaluable. Seek help when needed; It isn’t a solo journey. For all entrepreneurs: Aim for goals larger than life, pursue relentlessly, and stay true to your purpose.
2) Key lessons from my journey: - Resilience is everything: It gets you through convincing clients, hiring the right talent, and raising funds in tough markets. - Learn from mistakes: Early missteps taught me the value of quick iterations and not letting setbacks slow progress.
1) Building Venwiz over the past 4 years has taught me this: entrepreneurship is shaped by conviction, discipline, and resilience. 🧵
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