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The Business of Writing

The Business of Writing

Do you treat your writing like a business or a hobby?
Before last year I always said writing is what I do. But I wasn’t treating it like a real business. Are you?

Do you have a separate banking account?

Do you keep up with logging expenses and time?

Do you have a plan for improving your skills?

Do you have *gasp* a business plan?

“Say what now? A business plan?”
Yes, you need one Writing Friend. This is not a goals list. That’s a different zebra.

Writing a business plan puts you in control of your career.
What’s involved? How do you do it?

List of projects you want to accomplish in the first 3 months of the new year. (see three months at a time isn’t so scary!)
This is not where you write down the steps involved to get to that point. Example: I want to write 10 books in 3 months. (I can dream)  You don’t need to write down:  research life on Mars, write 100,000 words a month, find a publisher. Those are steps/goals. Right now you’re looking for the big picture of what you want your business to look like.

Write down the titles of books you want to read to improve your writing skill.

Is there a class you want to take? Write it down.

Do you need to take a research trip? Write it down.

Repeat for the rest of the year.

How much money do you want to make by the end of the year? Yes, I know you don’t really know because you’re a writer depending on someone to buy your books. You still have to write it down because by the end of the year you’ll know how much you did make. Then you can reassess if you need to do something different. Maybe you’ll need to purchase ads, cross-promote with other writer’s or concentrate on social media.

So how did I do this year?
I wrote 3 books.
Rewrote a book.
Wrote a novella to give away to people who sign up for my newsletter. You can get that here. All in Good Time

Took more editing classes.
Took an iPhone Photography class to help with photos to use on my blog and social media.
Made my reasonable money projection.

There were some things I didn’t accomplish, and that’s okay. They’ll be on the list for next year.

And why am I telling you to write your business plan now? Because you want to be ready for the new year. Then you can pull out your plan and start breaking it into goals.

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