Just a quick post to keep everyone up to date.
Now that things have settled after the spring fair, I can now take stock of what's on the horizon and what direction I should be going in for the rest of the year.
It's apparent the the whole of the So Easy Brand has potential. The brand is good, the products, although aren't unique, there is a market for the simplicity I'm trying to achieve, so that is going to be a big focus for me for the rest of the year.
I think for the next few months I'm going to be juggling a lot of projects at once.
Foxwood Stuff
For Foxwood, I have a couple of Recruitment projects, another site redesign for JamCem, which will involve a redevelopment of My.Foxwood.
Also, following the Spring Fair, I have another large project for WriteFromTheHeart Keepsakes. This could hopefully be a monthly retainer plus equity, but I guess it's going to take some weeks to finalise.
I also have a quote to do for a local networking group which could potentially end up being about £10k work, but not sure if that will come off or not.
Another good contact from the Spring fair was a guy who wants me to be distributor for his Surf products, Ola Ketal. I thought this would be a great project to test the So Easy solutions from start to finish, but although I love the brand and his products are pretty snazzy, I just don't think I can give it the time it needs to make it a success.
So, I'm still looking for a nice little project to test So Easy from start to finish, so Im thinking of setting up a little musical gift shop... E-commerce with So Easy Design, manage across market places, and the do the fulfilment too, but run it as a proper customer.
So Easy Stuff
Simon is quite keen to start pushing the fulfilment side of the business, so I think that will be a good point of focus over the next few months, however, following the spring fair, I have a number of contacts that want e-commerce solutions, so I'm going to have to get cracking on that too. Still a lot of work to get it to a launch-able state.
Got another meeting in the morning in Knights bridge, with a family I met at the Spring Fair. They are also looking for a fulfilment solution, but also a start to finish solution for their son. This could be a great little project to get everything up and running with.
My main goal is to try and use big projects from Foxwood to fund the development of So Easy, up to a point where So Easy is generating around £3k per month.. Then I can relax and take a few holidays.
A helping hand.
The last few months have been tough, but I've really managed to move So Easy forward significantly, so the risk of cutting down some clients to focus, has paid off. However, the bank balances are not looking great.
I still feel I need around 6 months to get So Easy off the ground, so I went to the bank to borrow £30k. This should give me the buffer I need to get everything up and running.
I must admit, I was a little concerned about getting into debt again, but let's face it, it's not like I'm spending it all on clothes or holidays... It's to help build up the business. Plenty of people have so much more debt than that, and this is for the bigger picture. I also have around £100k equity in my house now, so, I won't lose sleep over it, and hopefully it will give me the boost I need to start earning good money again.
Happy Monday, and I'll update you all again soon...