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Advice for the Entrepreneur: Lee’s Tip #253

13 Feb 2018 Lee's Tips,Seller Resources

Dieters know very well the “moment of choice” when you’re looking at a menu and choose to make the right choice rather than get the Bloomin’ Onion for the table. After making the Bloomin’ Onion mistake one too many times, I ordered the shrimp cocktail appetizer instead. Less calories, better protein. It felt really good. The scale liked it, too.

So what is happening during that moment of choice, and how can we apply it to our business? Use the bad CEO/good CEO example: When the bad CEO is whispering in your ear, “It’s only one little scratch; no one will even notice it”, the good CEO is saying, “Should I list it and call out the scratch, or donate it?”

Always opt for being the good CEO. It shows your character. It only takes a moment to decide to do the right thing. Start recognizing those moments. Order the shrimp cocktail.

Advice for the Entrepreneur: Lee’s List #252

06 Feb 2018 Lee's Tips,Seller Resources

How many breaks a day do you take? What do you do on those breaks? In some businesses, you take your snack and meet your co-workers in the break room at designated times. In others, you are allowed two rolling breaks a day.

You are a business owner, so you get to choose. What should we be doing on our breaks? Pick two of the following:

  1. Eat a small snack and go for a walk.
  2. Brew a cup of tea and read a novel.
  3. Drink coffee and make notes relating to the rest of your workday.
  4. Catch up on the news and your personal email.

Numbers 1 and 2 are the right answers, because 3 and 4 involve work and possibly anxiety. Take at least 2 breaks a day, and totally get away from anything that even resembles work. It will serve you well.

Advice for the Entrepreneur: Lee’s Tip #251

30 Jan 2018 Lee's Tips,Seller Resources
One of my grandsons was mentored by his first boss, the restaurant manager in charge of hiring him. It changed his life. As he has grown, he moved to another city to work for others and brought those lessons with him.
As a small business owner, you already know the workday part of it, and you also know many of the benefits, like being your own boss and stuff. Now it’s time to start thinking about your responsibilities to others. If you hire the teenager next door, you have a responsibility to help shape that young person forever.
As a business owner, one of your most important jobs is to nurture your workforce. No matter the age, give your employee a timetable to complete tasks, make them accountable and teach them good customer service skills. You get a good employee, and you help to frame someone’s life far into the future.

 

Advice for the Entrepreneur: Lee’s Tip #250

23 Jan 2018 Lee's Tips,Seller Resources

Some of Entrepreneur Magazine’s contributors recently offered their favorite tips for success. One quoted Richard Branson, who says his biggest motivation is to keep challenging himself. He treats life like one long university education where he can learn more every day.

I love this. I get bored so easily. Many business owners think being bored is simply a byproduct of work. Not necessarily!

Learning is growth. You should read every day, and when something strikes your fancy — such as new and exciting technologies or systems for small businesses — do a little research, and learn something. It will keep you alert, and it could help your bottom line.

Advice for the Entrepreneur: Lee’s Tip #249

09 Jan 2018 Lee's Tips,Seller Resources

Happy New Year, my entrepreneurial friends. I’ve missed you during our holiday break. Mine was stupendous! We had a little of everything: family drama, good food, fun times, lots of laughs, some tears, and tons of joy.

Take this time to think about 2017; then write down the changes you would like to see in yourself, your family, your community, your country, and your world for 2018. Try to find a way to be a part of the solution.

You don’t have to solve all of the world’s problems but you could begin with doing something for someone in need; helping your child’s school with a project; feeding the homeless; voting…you get the drift. These little moments in your life add up when we all contribute. Happy 2018!

Advice for the Entrepreneur: Lee’s Tip #248

19 Dec 2017 Lee's Tips,Seller Resources
With the New Year just around the corner, here is a countdown of the Top 10 eBay Seller Resolutions for 2018:
10) Assume that my buyers are basically good
9) Ship internationally as well as to Alaska, Hawaii and APO/FPO addresses
8) Be (even) nicer to newbies and ensure they feel welcome
7) Leave feedback first, as soon as my buyer pays
6) Save up for eBay Open 2018
5) Know my numbers
4) Join or start a meetup group
3) List more and smarter
2) Earn an eBay Radio 5 Tureens dish towel
1) Listen to eBay Radio!

Advice for the Entrepreneur: Lee’s Tip #247

12 Dec 2017 Lee's Tips,Seller Resources
The new year is traditionally a time of new beginnings — and fresh determination to do better. Here’s a list I found of the Top 10 New Year’s Resolutions:

1.    Stay fit and healthy: 37%
2.    Lose weight: 32%
3.    Enjoy life to the fullest: 28%
4.    Spend less, save more: 25%
5.    Spend more time with family and friends: 19%
6.    Get organized: 18%
7.    Will not make any resolutions: 16%
8.    Learn something new/new hobby: 14%
9.    Travel more: 14%
10.    Read more: 12%

What are your New Year’s resolutions for 20189?

Advice for the Entrepreneur: Lee’s Tip #246

05 Dec 2017 Lee's Tips,Seller Resources

If you want happiness for a day, says an old axiom, go fishing; if you want happiness for a year; inherit a fortune; if you want happiness for a lifetime, help someone else. So for my New Year’s resolution, I’m going to help others more. That’s it. Hope it gives you food for thought.

Advice for the Entrepreneur: Lee’s Tip #245

21 Nov 2017 Lee's Tips,Seller Resources
An eBay entrepreneur’s Top 10 List of Thanks:
  1. I’m thankful for voicemail messages (for unexpected brunches).
  2. I’m thankful for my snooze button, for more sleep before listing.
  3. I’m thankful for the one-page Sell Your Item form.
  4. I’m thankful for the shipping department (my husband).
  5. He’s thankful for self-adhesive shipping labels.
  6. I’m thankful for the mobile app for buying and selling on the fly.
  7. I’m thankful for customers who read.
  8. I’m thankful for happy repeat buyers.
  9. I’m thankful for the ka-ching on my smartphone.
  10. I’m thankful for positive feedback.
For what are you thankful this year?

Advice for the Entrepreneur: Lee’s Tip #244

14 Nov 2017 Lee's Tips,Seller Resources

How many hours a week do you work on your business? We now know that the law of diminishing returns kicks in if you work too many hours. It turns out the traditional 40-hour work week is the bingo!

After the industrial revolution, labor-based companies began experimenting with reduced working hours, which back then were usually more than 10 a day. In 1914, Henry Ford cut his employees’ workday to eight hours. It increased productivity and worker well-being so much that it became a national mandate soon after that as part of the New Deal.

So for your own well-being and that of your business, try for 40 hours, but work no more than 50 hours per week.

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