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Advice for the Entrepreneur: Lee’s Tip #80

15 Apr 2014 Uncategorized

Frozen is now Disney’s biggest animated box office hit ever. Elsa’s dress sold out of Disney Stores and online, but on eBay you can buy the dress at more than $1,000 for the real-deal original. Some blame Disney for enticing their daughters, then leaving them dress-less. I say it’s a great time to teach our children they can’t always get want they want. It’s the same in your business. You want the newest smartphone out there, but your present perfectly good one has one more year left on its contract. You could buy the new phone at full price. But do you REALLY need the new phone right now? Probably not. Appease yourself by buying a new phone case for the old one, or upgrading your printer. This sort of question arises often for entrepreneurs. Make the right decision to be fiscally smart.