Cancellation of a Done Deal Business

[Shavkat]

In sales, it is inevitable that the projects will be cancelled despite it was a done deal. That is why people in sales need to be persistent in closing a deal in a black-and-white manner.

 

[Snoopsaint]

This is a very helpful article sometimes the buyer may decide not to continue in trade after the deal is done

 

[cherry123]

Sure just like life nothing is certain you just have to keep pushing unt you close the deal and money is gotten.

 

[Starmix]

They might face problems in pursuing their deals, but in reality, it is not good, They have to think severally if their deal may not suffer after deciding and agreeing.

 

[cherry123]

They might face problems in pursuing their deals, but in reality, it is not good, They have to think severally if their deal may not suffer after deciding and agreeing.

I agree I think this is what happens in most cases with people that backs out of deals.

 

[Starmix]

I agree I think this is what happens in most cases with people that backs out of deals.

That's right and i hate deal not push through despite petty problem. It's like a marriage proposal gone wrong.lol.

 

[IB D]

The ability to close a deal is a special skill on its own. Some people can negotiate but they don't know how and when to close a deal. That's what we call being sensitive.

 

[cherry123]

closing a deal will need one to have the knowledge and the skills to do so it is good to even involved an expert if need to help one succeed

 

[allen1109]

It is never good to cancel a business deal that was agreed upon already but in the nature of businesses, this happens.

 

[cherry123]

A business deal should be just the way it was stated so that everything go on smoothly. if you know that you have had a fair deal it good to go ahead with it.

 

[Reedex]

Cancellation of a deal is not a good idea provided the deal is successful.

 

[IB D]

That's Why when a deal is concludes, it should be documented and signed. At that point, you can have a right to sue for compensation for waste of time. I know this kind of situations is always caused by indecisiveness.

 

[cherry123]

This do happened a lot of times between business partners it never good to cancel a business deal that was agreed upon already but it seems some people can't help it

 

[astutimeliana723]

Cancellation in the business world after a deal is done is something that cannot be avoided, but can be minimized. Example: By implementing an advance payment system for example 20%, if the transaction fails, the advance payment is forfeited. That way the buyer will think twice about canceling the transaction.

 

[Magnus2022]

Cancellation of deals is inevitable. There is need to check what is actually wrong than to refuse to reconsider the deal. As a business owner, we must endeavor to please our customers and try to resolve our differences to keep the business alive.

 

[Heatman]

In sales, it is inevitable that the projects will be cancelled despite it was a done deal. That is why people in sales need to be persistent in closing a deal in a black-and-white manner.

One of the reason why business deals gets cancelled is when you change the terms of the agreement, which is why it is very necessary for you to stick to whatever that has been agreed on and not try changing anything.

 

[Chibson]

The ability to close a deal is a special skill on its own. Some people can negotiate but they don't know how and when to close a deal. That's what we call being sensitive.

I agree with you. Some people have the ability to negotiate well but they do not have the ability to close some deals. This may actually affect them in businesses

 

[eldavis]

That's business for you, especially in situations where there are no financial commitments. It would make it a lot easier for them to break their word. There are even cases even when financial commitments have been made, a party can decide to break due to one reason or the other.

 

[Stardom22]

This Sometimes not good idea for the businessmen. You may cancel after the the deal being done and wish to execute another deal with the same business associates that you cancel the dealings with them.

 

[SHAHID987]

Cancellation of a deal put very harmful effect on the business, because trust move away from two person and they won't remain able to move further and to make another deal.