Authors: Do You Have A Business Plan?

business plan for authors business-idea-831053_960_720One of the hardest things about being an indie author is learning the business side of writing. You can be the best writer in the world, but if you can’t figure out a way to sell books and maintain those sales, then it’s going to be really hard to turn your talent into a career.

I’ve been published for just over four years now. I have over twenty books under my belt and I still have so much to learn. Over the past few months, I’ve set aside some time to really get my head around the business side of writing. I’ve somehow managed to wing it this far, but 2015 was a rough year for sales and I need to up my game.

So, this month, I decided to take the time to write up a proper business plan. I have found the task challenging, but also insightful. I hope it will keep me on track as I attempt to make 2016 my best year yet. Continue reading “Authors: Do You Have A Business Plan?”

Your Writing Business and Power of Attorney

the business of writing pixabayIf you’re a self-published author, you’re also a small business with all that entails. From deciding a business structure to filing taxes, there are multiple decisions to be made. Should I register as a DBA (Doing Business As?). An LLC (Limited Liability Company?). How should I pay taxes on income earned?

All of these are important questions to consider, but here’s another one:  As a business owner, what happens if I become incapacitated? Continue reading “Your Writing Business and Power of Attorney”

Writers Conferences – Are They Worth It?

I have only been to one writer’s conference. It was a small one in Auckland, New Zealand run by the Romance Writer’s Guild. So yes, there were a lot of Mills and Boons authors there and yes, I possibly could have found one that was a slightly better fit for me, but all my books have a heavy romantic element and it was in town, so I figured I should give it a shot.

Was it worth it? Continue reading “Writers Conferences – Are They Worth It?”

Deduction, Deduction … What’s Your Function?

Whether we want to admit it or not, we are running a business with our writing. Sure, some consider it a hobby, but if you are paying expenses and receiving income, then no matter how big or small, you’ve got yourself a business.

Is this a Deduction?

Last week, I gave you an overview of what your options are in regards to establishing a corporation. Today, we will focus on ways to leverage the advantages to being self-employed. It doesn’t matter whether you incorporate or remain a sole proprietor, all the tips today apply to both. I hope this will serve as a nice checklist for you when sitting down to do taxes. Continue reading “Deduction, Deduction … What’s Your Function?”