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Gotta Know When to Fold ‘em: The Power of Setting Your Bottom Line Before the Negotiation

Gotta Know When to Fold ‘em: The Power of Setting Your Bottom Line Before the Negotiation

FromSimply Worth It: Physician Negotiations with Dr. Linda Street


Gotta Know When to Fold ‘em: The Power of Setting Your Bottom Line Before the Negotiation

FromSimply Worth It: Physician Negotiations with Dr. Linda Street

ratings:
Length:
17 minutes
Released:
Apr 7, 2022
Format:
Podcast episode

Description

Kenny Rogers sang “You've got to know when to hold 'em, know when to fold 'em, know when to walk away and know when to run.” These lyrics are actually very applicable to negotiations - especially when it comes to deciding what your bottom line is.   We talk a lot about setting a high expectation goal, but the minimum we’re willing to accept is equally important.    How do we determine what would trigger us to walk away? Why do we need to set this before the negotiation? In this episode, I talk about what Kenny Rogers classic song can teach us about negotiation.   Three Things You’ll Learn In This Episode    - How to determine if you’ll thrive in a specific work environment?  Successful poker players are experts at identifying tells. How do we use our bottom line to notice red flags about employers?    - Strategic vs. emotional responses  How do we make sure you’re giving an answer based on a strategic decision and not an impulsive reaction?   - The importance of having a similarly attractive alternative  Why is it so important to have a ‘next best option’ when we’re negotiating?
Released:
Apr 7, 2022
Format:
Podcast episode

Titles in the series (100)

Happy physicians deliver better care and better outcomes. That’s why you can’t afford not to advocate for yourself. Simply Worth It helps female physicians like you get the comp package you want, deliver great care, & stay in practice longer. Hosted by Linda Street, board-certified Maternal-Fetal Medicine Specialist & life coach specializing in physician negotiations.