Amazing FBA Amazon and ECommerce Podcast, for Amazon Private Label Sellers, Shopify, Magento or Woocommerce business owners, and other e-commerce sellers and digital entrepreneurs.

Start/Stop/Keep List - How to make New Year Resolutions for Entrepreneurs


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January is the start of a calendar year. As such, it’s a traditional time for new year’s resolutions. But it’s also a lower-energy time of the year. As such, it’s a natural place to pause and reflect before moving on to the next round of activity.


The Start/Stop Keep process.

Rather than just planning future goals in a vacuum, it’s good to move from reflecting on the last year’s experience. Then it’s a much smaller, simpler job to move on to some plans for the new year.

There is a neat process of creating three lists that really helps with this kind of periodic review:
(By the way, it’s also a great plan to do this every 90 days ie every quarter too)

Here are my Start/Stop/Keep lists for January 2020 as an example:


Keep


10K Collective mastermind


* (several members have been doubling revenue annually so far…)


Private Label Course (PLP) but iterate on it (See “Start” list)


Quality 1 to 1 Private Label/custom product mentoring clients


* (with business experience and above all, realistic levels of capital)


Stop


The wrong Mentoring clients for Private Label


* without enough capital for this business model; or with a big mismatch between ambitious goals and small capital


“Pure” Private Label as the end game


* - it can often be part of developing a unique product; but in the end, customisation is the real way to get sustainable profits on Amazon


Start


Partnerships with trusted partners:


* Quality Retail/Online Arbitrage (RA/OA) service providers eg training, information for Online Arb etc.
* Wholesale business model training with Dan Meadors of thewholesaleformula.com
* Shopify (winningonshopify.com with Jason Miles)


Masterminds


* Restarting the Million Pound Mastermind for sellers doing at least £100K a month($130K USD) per month or over £1 million per year
* Starting the Six Figure mastermind for those doing at least $100K USD a year (so from $8.3K a month)


Other

Version 2.0 of the PLP course (“Private Label Process”)
Blending off-Amazon
and on-Amazon marketing business models.
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Amazing FBA Amazon and ECommerce Podcast, for Amazon Private Label Sellers, Shopify, Magento or Woocommerce business owners, and other e-commerce sellers and digital entrepreneurs.By Michael Veazey

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