A short excerpt from my book, Business Tips and Taxes for Writers, on the importance of planning for your writing business:
“Every business book will tell you to create a business plan. This book is no exception. Writing and publishing a book takes a well thought out plan. Most book plans start with a book proposal.
If you have not yet drafted your book proposal, read Information in a Nutshell: Writing and Publishing by Felice Gerwitz. Felice, an author and (my) publisher, walks you through many of the decisions needed to bring a book to publication. She covers your product (the book’s topic), the intended audience, marketing, and promotion.
After you read through Writing and Publishing, you will have your business plan almost complete. Then it is time to complete the final details of your business plan involving the financial details . . .” (that’s where my expertise as a CPA and an author come in!)
See Chapter 7 of Business Tips and Taxes for Writers for easy steps to compile this business plan for your writing business!
Carol Topp, CPA