A successful entrepreneur shares her thoughts on business success and failure.

I still have a blog?


Well, it’s been three weeks and no update from me.

As a brief run-down, a couple weeks ago I got sick with a nasty stomach flu (as in, couldn’t hold any food down for about 2 days.) I had to cancel a bunch of appointments.

I recovered and immediately took off to LA for my third IBI. Spent 7 intense days there. I got so little sleep over the course of the week that on Sunday I couldn’t take it any more and crawled into bed sometime in the afternoon (skipping lunch) and slept for about 3 hours. I staffed this time, which meant that I was either 1) at class 2) working for IBI or 3) doing capital team presentations for my company.

Speaking of capital team, we should have our current round of investment capital raised before the end of the month. (If you’re interested in investing in Simpli, drop me a line and I’ll explain the deal to you… it doesn’t require much capital.) People at IBI were excited about investing in a cash-flow-positive, profitable business. This round of investments should take us to the $450,000 mark in revenue this year. From there, the next big target is $1 million, which I’m looking forward to hitting in 2006 or 2007.

I’ve received my first patent (an idea I had for another IBI-based company), which I am excited about. It’s the first of many patents I’ll hold. The patent gained me 1% of the company, which is worth nothing right now, but the company has a chance to make it very big. Definitely worth it for 1 day of work.

We re-incorporated as Simpli Hosting, Inc. I’m going to send out an email notifying everyone of the change soon. The state of California required us to re-incorporate since there is already a Simply, Inc. here and they don’t allow phonetic equivalents. A slight pain in the rear (to change all of our documents), but not a show-stopper.

Cal is still going strong as our COO, and we’re getting ready to hire at least 2 and possibly 3 more people this year (mostly support people, but my goal is to hire a full-time salesperson as well.) We are also about to undergo a profitability analysis, which will help us see where to best spend our marketing dollars. I’m looking forward to that.

I’m exhausted. Hopefully I will have time to write again soon!



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I'm Erica Douglass.
After selling my online business at age 26 for over $1 million, I created this blog to help you grow your own business quickly.

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