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

Posts published in the Entrepreneurs category:

How I Helped Ramit Sethi Break Through Barriers and Earn Millions of Dollars

This post could potentially help you create the next huge online business. I’ll get into that more below, but first, since you’ve been asking, here’s what happened in the aftermath of my last blog post!

It’s been 2 1/2 months since I shared the story of my startup failing here on my blog. And I’m happy to announce I can now share the epilogue to that story: After I wrote the post, Whoosh Traffic was acquired by another local Austin company, OwnLocal. (more…)

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How to Find the Perfect New Business Idea

New business idea Starting a new business, but stuck on finding the perfect idea? I hear you. In fact, you’re not alone.

Recently, I asked people who opted-in for more information on my upcoming “Art of Email” course what they needed most in their businesses. Although many people said “Customers!”, several people asked how they would go about finding the perfect new business idea.

Let’s talk about that. I know the phase you’re in when you’re stuck on the idea. You want to start a business. It pays better (maybe!), offers more flexible time by allowing you to set your own hours, and gets you out from under the thumb of a boss. Plus, it’d be awesome to work for yourself and get people to sign up for something you’re doing for them.

The problem is making the leap from where you are now to actually having a successful business. In this post, we’ll work together on the first few steps to get you to the point of building your new business’s foundation.

First, to have a business, you need two clearly-identified items: (more…)

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How to Build a Billion-Dollar Business

Build a Billion Dollar Business There are lots of posts online about how to make your first dollar, or even how to grow a modest side business. But there’s precious little information on how to build a billion-dollar company.

Before we get into the how, though, there’s something I want to address–and that’s why. Why would you want to build a billion-dollar business?

Even if you have decided you don’t want to build a business that large, I encourage you to read this anyway…it may very well change your perspective on how large you want your business to be.

Pushing Through the FUD

There’s a lot of FUD (fear, uncertainty, and doubt) around building large businesses. In particular, news media loves to hate on “workaholics”–people who seem consumed by their work. Reporters dish on divorces or family fallouts stemming from overworked parents or people who just can’t seem to disconnect from their smartphones.

So, the logical choice, if building a huge business causes you to be overworked and potentially lose your family, is to start a smaller business, right? One where you can work on the side to begin with and not over-tax yourself. One where you can still see your family. One where you don’t kill yourself for your business. It seems like a utopian ideal. But is it really possible? (more…)

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How I (Almost) Threw My Popular Blog in the Trash

Killing my Blog You may have noticed this is my first blog post in 2013. Despite this blog receiving over 1.2 million unique visitors last year, I almost gave up on it entirely. Here’s what happened…and the huge mistake I made (which probably isn’t what you think.)

I’ve been wavering back and forth on what to do with erica.biz for a while. Unquestionably, writing this blog has had a huge influence on my life. It’s allowed me to meet movers and shakers in the tech industry and beyond, connect with people who would normally be hard to reach, and it’s even made me some money. (Though likely less than you’d guess, given my traffic numbers, as I put my focus into building my tech startup instead.) Heck, having this blog even helped me raise a small seed round of investment for my tech company–the first time I’ve ever been able to successfully pitch to investors.

With the help of meditation, I dug into my real fears and concerns about running a popular blog. Eventually, I was able to pinpoint exactly when and why writing on erica.biz lost its luster for me. I was surprised to discover that it stretched all the way back to February 2010. That’s when I made a mistake–although I only knew it was a mistake in retrospect.

I wrote a survey and opened it up to you, my readers. The survey wasn’t a mistake–I got hundreds of responses, and they were incredibly valuable. But I asked one question that was problematic. (more…)

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Are You an Entrepreneur–Or a “Wantrepreneur”? Find Out…

There are a lot of people running around these days calling themselves “entrepreneurs”. However, I’ve discovered a few fool-proof ways to quickly see the differences between successful entrepreneurs and wantrepreneurs–or people who want to start a business, but who actually aren’t going to take action and create a real business.

Here are five traits I’ve noticed in startup founders and entrepreneurs that don’t exist in “wantrepreneurs”: (more…)

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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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