Building the Business
I had planned this weekend to be in Hamilton, NC, at the Civil War reenactment at Ft. Branch, selling books. It’s the last one I planned to do for this year. But I learned about a seminar on Saturday at UNC Asheville, part of the Smoky Mountain Writers Program, dealing with the business and legal end of the writing business. This is the part .....
Conferences talk about the business end. It’s important, they say. They tell us to read the contract. But no one takes a contract apart and explains what it is we should be looking for. Authors ask about sales tax and the answers are vague, varied, and hearsay. We are told our business can’t survive without social media. But no shows us how to actually use the different accounts we set up. Is it beneficial to become an LLC? Should the business be tied to your home accounts? What’s the best way to keep expense records? How do I get paid? How much that goes on in the industry should I know? How does the Nielson Book Scan affect me? Does anyone really understand the Amazon reports sent weekly on Amazon? How important is it?
Writers know the building blocks to a story or article. Authors know how to build characters, build plot lines, and build the action to a satisfactory closure. But not many know the steps to building a business. We’d rather leave those details to our editor, publisher, tax consultant, spouse, and take advice from other authors.
Bottom line, if it’s important to you, you need to hang on to those details to the end. Get a handle on it. No one cares as much about your business as you do.