Amber Ramsey

Are You Doing What it Takes to Make Your Writing Business Healthy and Successful?

Write On Press helps independent authors find their way from concept to published project to profitable distribution. We’re here to help you get your vision through production, pricing, distribution, promotion and the other business-centric aspects of the literary world that go far beyond being an excellent writer. Reach out to us today to find out more! authorservice@writeonpress.com

Are You Doing What It Takes to Keep Make Sure Your Writing Business Stays Healthy and Growing?

By Amber Ramsey

As a literary entrepreneur, you constantly strive to make your business as productive and financially healthy as possible. You work hard to keep up with the ever-changing business world and stay ahead of new trends in marketing. You want to keep your support staff, vendors and contractors happy and your readers and publisher satisfied. This is a lot to oversee at once. If you’ve been wondering if you are doing everything you can to keep your business successful, here is a general checklist for you to evaluate the efficacy of your literary business practices.

Follow the sound business basics to get a great start on ensuring that you are doing what it takes to make sure your writing business stays healthy and growing

Write On Press is committed to helping independent writers be in control of their literary careers. Get a quote today!

Are you communicating effectively with support staff, vendors, contractors and clients?

Clear communication is an essential component of good business management. Your support assets need to have a clear understanding of your business goals and strategies and of their place in the overall structure. Your readers and publisher should trust you to give accurate information or to admit when you are uncertain. You should not have a pattern of over-promising on projects. Are you available to your support assets and publisher(s) when needed? Do you actively listen to them? Have you utilized the latest technologies to facilitate better communication?

Are you organized?

It’s difficult for a disorganized business to thrive, and sometimes, lack of organization can lead to business failure. You and your support team should have a clear conception of the structure of your business and how its systems function. Your workspace, even if it’s virtual, should be well organized with everything in its place and easy to access. Use planning apps to make sure your schedule is well organized and everyone stays on the same page. Your records should all be properly maintained and clearly labeled, whether in physical files or digital format.

Are you staying on top of your accounting and payroll?

Many writers begin their journey as a “one-person operation.” This doesn’t mean that you don’t need to follow good accounting practices. Whether you are writing articles for a e-zine, blog or content mill, or writing a novel without an advance, it’s a good idea to track business expenses and how much you are paying yourself.

As your literary business grows, you may need to track advances, payouts to support team members like publishing agents, and expenses related to researching that sci-fi novel. Trying to get your financial processes organized at this point can be overwhelming. It’s best to have your accounting structure set before you get to this level of success, here’s why…

Organization is especially important when it comes to your business’s accounting. Disorganization in the books can lead to costly errors. It helps to have an accounting professional manage your books to free up your bandwidth to run your business. Plus, having a professional accountant is likely to save you money in the long run.

DIY Bookkeeping?

Some business owners prefer to handle their own books, but if you are taking this route, you may need to learn some accounting basics first. Fortunately, with the proliferation of online learning programs, you can easily earn an accounting degree online while still running your business. Of course, there are free and paid software and apps that can help you manage the cashflows as well. A quick Google search for Excel accounting spreadsheets can get you downloadable and ready-to-fill-in forms to get you started.

It’s also crucial that you stay on top of payroll. This is easier if you have an automated payroll system to make it easier to track time and invoices, as well as calculate wages, deductions, and tax obligations — especially useful when calculations are not in your wheelhouse. It’s also easier to stay organized this way, as well as ensure that you’re maintaining accuracy in your recordkeeping.

It may seem like a bit much for a independent writer or author, but even if you are just managing payments to yourself, take the time to gain this skill. Eventually, you will need to pay consultants, cover artists, copy editors and many other support staff as your business grows.

Are you in compliance with regulations affecting your business?

If you are registered as an LLC, you should have a registered agent and an Employee Identification Number. Be sure you are aware of all tax laws governing your type of business. Maintaining organized records, as discussed above, will aid you in staying compliant. In addition to staying out of trouble, having an appropriate business registration may entitle you to tax benefits or grants. Do your research, it could really be worth the time.

Are you continuing to train and learn?

The literary market is constantly changing, and a professional writer needs to be flexible and creative to keep up with it. You and your support team will find yourselves having to learn new skills and techniques, especially as your business grows over time. Take advantage of coaching and training services to stay ahead of the game. After all, if you don’t continuously improve your intellectual ability, you will have a hard time making sure your business stays healthy and continues to grow.

Are you networking effectively?

Keep your business from stagnating by expanding your network in your community. Network among potential support staff, and with other entrepreneurs both in and outside of the literary industry. Social media is a valuable networking tool for connecting with others in the world of authorship. It’s a good idea to attend conferences and stay abreast of innovations in the market, and take advantage of training and educational resources. Joining your local chamber of commerce will allow you to network locally, and offer your company greater visibility, as well.

Don’t be afraid to get out and meet people. Search out all of the independently owned bookstores in your area and get to know the owners and managers. Visit the local libraries and introduce yourself to the head librarian. Visit the large corporate bookstores and build a relationship with the managers. These connections can be invaluable when understanding market trends and what themes are most in demand.

Having a clear sense of principles to follow in business management will help you make sure your literary business stays healthy. If you find you are lagging in any of these areas, set goals for improvement. By sticking to and following through with your goals, you can help grow your literary business and lay the groundwork for its future success.

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Cherie McGlaughlin

Working from Home: Business Ideas, Remote Working Tips, and More

Write On Press helps independent authors find their way from concept to published project to profitable distribution. We’re here to help you get your vision through production, pricing, distribution, promotion and the other business-centric aspects of the literary world that go far beyond being an excellent writer. Reach out to us today to find out more! authorservice@writeonpress.com

Image via Pexels

Working from Home: Business Ideas, Remote Working Tips, and More

If you’re hoping to launch a work-from-home career, there are a few things you should know about looking for jobs. Starting a home-based business, and staying productive while working remotely can be difficult. These tips from Write On Press will tell you everything you need to know to begin working at home. We’ll cover how to find jobs, create a productive work environment, and utilize veterans resources. Read on to get started!

Explore Work-from-Home Opportunities

 From starting your own business to working as a freelancer or contractor, there are so many different ways to launch a successful work-at-home career.

  • Running your own at-home business means you’ll need to choose an operational structure, such as an LLC, a popular option for many small businesses. A Louisiana formation can seem like a daunting task, but it doesn’t have to be — simply visit an online formation service like ZenBusiness and let them guide you through the process. Or, contact your Secretary of State’s office.
  • Some of the best home-based business ideas for starting your own company include dropshipping, selling handmade products, and teaching online courses.
  • Writing is a popular choice for wordsmiths. Choices include proofreading, blogging, writing e-books, and being a freelance journalist.
  • Whether you’ll be working for yourself or for an employer, possible work-from-home job opportunities include web development, writing, and data entry.
  • Online job boards can be used to find freelance work in your industry. You can use the site to compare freelance graphic design rates or rates and qualifications for other types of work in marketing, writing, accounting, and information technology.
Create a Productive Work Environment

 Working productively from home starts with a great home office space. Here are some tips for creating a productive work environment you’ll actually enjoy spending time in.

  • Start by choosing the right space for your new home office and designing it to meet your specific business needs and style.
  • Carefully select your home office furniture. Some of the best places to buy office furniture online include Wayfair, Branch, Walmart, Target, and West Elm.
  • Stay on track and achieve more with productivity apps like Todoist and Forest.

If you’re looking for more flexibility in your day, a simpler commute to and from work, and a better work-life balance, a work-from-home career could be right for you. But before making the transition to working from home, it’s important to compare remote work opportunities. Be sure to establish a productive home workspace and utilize the business resources that may be available to you. These tips will help you to get things moving!

Ready to launch your independent author business? Working with a consultant from Write On Press can help you make it happen! Email us at authorservice@writeonpress.com to inquire about our services.

About the Author:

Cherie Mclaughlin

Cherie created Couch-Based Biz to help guide you gently into the entrepreneurial world. The site offers tips, tricks, and guides to help you separate fiction from fact and gimmick from reality.

Read more from Cherie at: ClassyMamaBear.com (Tips for Succeeding in a New Side Gig or Long-Term Career)

Cherie McGlaughlin

Out of Work? 5 Tips for Starting a Side Hustle

Out of Work? 5 Tips for Starting a Side Hustle

If you’ve recently become unemployed, you might be wondering how you can avoid dipping into your savings in the meantime. Finding work on the side could be the solution. If you’ve been dreaming of starting your own writing business and becoming an author, now is the time to take the chance! And with consulting support from Write On Press, you can increase your chances of success. Here are five tips for starting a side hustle and set yourself up to scale in the future.

 Consider Your Marketable Skills

Before you embark on any new venture, it’s important to think about which marketable skills you’ve mastered and which skills you need to work on. For instance, are there any technical programs, social media platforms, or software tools that you need to learn about? Do you have the strong communication skills necessary to cultivate client relationships? What have you achieved that would prepare you for self-employment? If you know that you have some skill gaps, you could take online courses or work with a mentor to improve in certain areas.

 Find Opportunities

As an independent author, you’ll undoubtedly want to focus on writing and publishing your own books, but you can also offer other services. You can write ebooks for clients or edit and proofread manuscripts. You can find clients in need of these services through online job platforms. In addition, you can let your loved ones know about your new business. You never know who will be able to refer you to a new client!

 Advertise Your Services

To advertise your books and your services, you’ll need an author website. Writer’s Digest recommends including calls to action to prompt visitors to check out your recent publications, sign up for your email newsletter, or reach out if they’re interested in your writing and editing services. In addition, you can market yourself on other platforms. For example, you can set up social media profiles to help build your brand!

 Growing Your Business

As your business grows, you may need to bring on some additional help to manage your operations efficiently. You could bring a personal assistant on board to tackle some of the daily tasks on your long to-do lists. To make sure you always pay your assistant on time, you’ll need an organized payroll system. Choose a system that offers same-day direct deposit, automatic tax calculating and filing, and automatic payroll scheduling. With software that offers an iOS and Android mobile app for smartphone payroll service, you can take care of payroll anywhere!

 Paying Taxes

As an independent author, you will need to pay self-employment taxes. Figuring out the tax system when you’re running a writing business can seem very complicated! Keeping track of all of your expenses and income throughout the year will make your life much easier when it’s time to file your quarterly taxes. Millennial Money Man also recommends hiring an accountant if you’re not sure how to file or how much you owe. The fee is definitely worth it for the stress you’ll avoid! And to make sure that you’re not short on cash when it’s time to pay up, set aside about 30 percent of each paycheck and save it for taxes.

Final Thoughts

Losing your job and experiencing a drop in income can be nerve wracking. But when you find yourself out of work, you can use this time as an opportunity to pursue what you truly love. By starting a writing business on the side and launching your career as an author, you can turn your passion into a source of income.

 

Ready to launch your independent author business? Working with a consultant from Write On Press can help you make it happen! Email us at authorservice@writeonpress.com to inquire about our services.

About the Author:

Cherie Mclaughlin

Cherie created Couch-Based Biz to help guide you gently into the entrepreneurial world. The site offers tips, tricks, and guides to help you separate fiction from fact and gimmick from reality.

Read more from Cherie at: ClassyMamaBear.com (Tips for Succeeding in a New Side Gig or Long-Term Career)

Photo via Pexels

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