Leigh Thompson, J. Jay Gerber Professor of Dispute Resolution and Organizations at the Kellogg School, has shared her advice on how to handle business negotiations with friends and family. She highlighted several pitfalls such as escalating threats, soured relationships, and unsatisfied outcomes. Thompson suggests that changing the language from transactional to relational, avoiding using the term 'negotiation' when talking to your spouse or children, and timing the right timing can also yield more successful outcomes. She also highlighted the importance of avoiding potential conflicts and creating secret coalitions. The BATNA: Best Alternative to a Negotiated Agreement is a key principle in business negotiations, which is often considered loaded threats and can quickly escalate into an arms race.