You're an author. Should you also be a business?
Some of you may be asking, why set up a business? There are many advantages to adopting good business practices, especially if you are self-publishing.
- You’ll have more time for writing. You’ll save yourself hours of frustration digging through piles trying to find information.
- You’ll be ready for success. As your sales increase, you will be prepared to measure and manage that growth.
- You’ll avoid losses. If you have a better handle on cash flow, you’ll know when your expenses are getting too far ahead of your income.
- You’ll know what works. If you have a method of tracking sales, you’ll know which marketing efforts paid off and which were a bust.
- You’ll avoid mistakes, like forgetting to collect and pay sales tax or to deliver 1099s to freelancers.
- You’ll save on taxes. If you operate your writing venture as a business, you are more likely to be able to deduct writing expenses from your non-writing income and reduce your tax bill.
- You’ll feel more legit. If you don’t treat your writing as a legitimate business, then no one else will, particularly the IRS.
- Your heirs will thank you. If you are hit by the proverbial bus, your heirs will appreciate your organization.
As many authors have discovered, setting up yourself as a business and operating it with a little discipline, you'll have more time, more focus, and more “mojo” for your writing.
Want answers? Come to the free webinar on Thursday.
In this educational presentation you’ll learn about subjects like:
- The steps needed to enter the business of self-publishing
- Developing a realistic budget, a full-blown business plan, and your tax options.
- Working with vendors, editors and hiring freelancers, and other contract-based workers.
- Purchasing your own ISBNs,
- Setting up bank, PayPal and other business accounts,
- Accepting credit cards, and
- Keeping track of income and expenses.
If you're serious about making a career out of publishing, you won't want to miss this event.
>> At the end of the webinar we'll show you the solution that we came up with to help you set yourself up as a self-publisher. We call it “Publishing Business in a Box” and there’s nothing like it anywhere. <<
See you on the webinar!
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