Friday, April 05, 2013

A to Z Challenge - Entrepreneur

For the A to Z Challenge, I’m posting promo and other tips for writers, along with a daily photo.(All photos taken by me.)


Now, that may seem like an odd topic for a writer. Entrepreneur? Business owner?

Well, if you’re going to make any money as a writer or author, you need to start thinking like a business owner.

Knowledge - There’s two things that kill new businesses in the first five years, and one is a lack of knowledge. Study the industry. Learn and understand all aspects of publishing before you embark on the journey.

Capital - This is the other thing that kills new businesses. A lack of capital. Big publishers pour tens of thousands of dollars in the creation and promotion of a book. I doubt your investment will be that large, but no matter which path you choose, you will need capital. Develop a business plan and realize you are investing, not spending.

Time - It will take time! You’ll invest time into writing, editing, researching, promoting… all without pay. Owning a business means long hours. And if your author dreams are big enough, you WILL find the time.

Are you ready to open for business?

Visit other participants in the A to Z Challenge HERE

And your daily photo - "Eh? What Did You Say?"   




$14.95 Trade paperback ISBN 978-0-9827139-5-2
$4.99 Ebook ISBN 978-0-9827139-9-0

Purchase at Barnes & Noble, Amazon, Amazon Kindle, Amazon Kindle UK, and Powell’s.

54 comments:

Sheena-kay Graham said...

Love your photo and you're right about thinking like a business owner. Time waits on no one but everyone has it.

YVONNE LEWIS: said...

A good topic to write about, some people are just right to be in business, though I suspect if more people had more confidence they may well surprise themselves.

Lovely picture of cat.
Have a good day.
Yvonne.

Jess * Jessie * Jessy said...

I love cats. They are so independent, and love us when they want to love us. :)

Good post. And I agree with what Yvonne said: confidence is key for me. When I take off my 'I'm scared' hat and jump into the water, I do okay, but if I stop to wonder if I'm good enough, smart enough, I back out. That's exactly why A to Z and IWSG is so perfect for me. They force me to do things/write things and not worry about the consequences.

Melanie Schulz said...

Very true. I'm hardly a business person, but thankfully my husband is.

C.M.Brown said...

The old saying, "It takes money, to make money," certainly rings true!

The puss looks quite at home!

Nick Wilford said...

Not something that comes naturally to me but at least I've already set up my own publishing company. Staff... er... one. My wife has a great business brain at least!

Ornery's Wife said...

What an excellent word for letter E!! I have always wanted to be an entrepreneur, and have from time to time made the attempt, but I am not "hungry enough" to be successful at it. ;)
tm
Happy E day!

Gossip_Grl said...

Nice topic and discussion. Also cute pic and funny caption. Your kitty looks like he is just full of attitude. :)

L. Diane Wolfe said...

Carolyn, yes it does!

Ornery, I've been self employed for 14 years now and love it.

Gossip Girl, yes she was all attitude!

Al Diaz said...

Crucial things you're pointing out here. Certainly ignorance can end your career too soon.

Alex J. Cavanaugh said...

Crap, I'm doomed!

Mark Means said...

Great post and excellent advice. Thinking of it like a business is, pretty much, a must these days.

I think, though, time is more important than money in some aspects.

Tyrean Martinson said...

Love the photo, and I love the advice. Although I did do a great deal of research before I self-pubbed, more and more has come to light since self-pubbing. I keep remembering that most businesses need to have two years or more as a "start up" period. Although I've been writing for years, and researching publishing, I feel like my start up day came the day I self-pubbed, and the next two years are all about investment.

I think the investment is in time, money, research and writing.

Stephen Tremp said...

Capital is a mistake many entreprenuers make. Theydont have the income streams to keep them afloat until they reach the point theycan turn a profit.

Maria Dunn said...

So glad you picked entrepreneur as your E word. Writers ARE definitely entrepreneurs and need to consider the scope of what that means. But beyond that, getting folks alert to the importance of entrepreneurs is always a good thing. thanks, Maria from Delight Directed Living

Michael Offutt, S.F.A. said...

Cute kitty.

Barbara White Daille said...

A great E word, and excuse the pun, but it's definitely on the money in today's writing world.

Thanks for the tips.

(And LOL @Alex.)

Barbara
E is for Evidence Found in A to Z
The Daille-y News

Julie Luek said...

It's occurred to me several times that when it comes to marketing our books/writing, we must move beyond the artist and yes, become small business minded. I'm thankful for my business background-- hoping it will come in handy when the time is right.

Gwen Gardner said...

They do say the first five years are the toughest. That leaves me only a couple of more years to make it. Yikes! But even if I can't make a living at it, I'll still be writing.

Thanks Diane!

C. Lee McKenzie said...

You are so right about how to be a successful business owner. Those three elements are key. Great posts, Diane.

A Daft Scots Lass said...

Serious topic but a goodie.

All the Best with the rest of the challenge.

A Daft Scots Lass said...

Serious topic but a goodie.

All the Best with the rest of the challenge.

klahanie said...

I'm open for business and your post inspires. Thank you.

Would that be a cat from Canada, eh!

Gary, your cordial host of the alternate alphabet challenge..

LD Masterson said...

I was scrolling through the comments, thinking about your post and what my comment would be and I saw Alex's.

Yup. What he said.

Amy "Lyre" Turner said...

I honestly have no idea where to start in terms of improving my knowledge of the industry and then how to develop a "business plan." Any recommendations for good resources on these topics?

Lyre at Lyre's Musings

Heather M. Gardner said...

Yes. I will have to think of myself and my book as a product.
Good points.
Cute cat!
Heather

L. Diane Wolfe said...

Tyrean, two year is about right.

Julie, I'm sure it will.

Gary - LOL!

Amy, besides my book? There are thousands of websites and books, not to mention the wealth of information from other writers and authors.

Lynn Proctor said...

it would be great for someone to make money at their talent or art--but i think about some of the master artists, that didn't have a name until after their death, i wonder if they were trying to make money at it---interesting point about the time thing!

Clarissa Draper said...

Writers are entrepreneur aren't they...
It does take time and a bit of luck to make the business a success.

L said...

What about the willingness to take risks; an important trait of an entrepreneur

The Golden Eagle said...

I never thought of authors as entrepreneurs . . . but they are, aren't they. They're launching their own economic enterprise.

M Pax said...

Keeping in mind it is a business, can help an author keep career building on track. I often look at my business plan to keep on mine. Happy E!

Carol Kilgore said...

Beautiful cat! This post is so true. Invest in yourself.

Jo said...

Looks like he's going to have a good scratch to me.

JO ON FOOD, MY TRAVELS AND A SCENT OF CHOCOLATE

Susan Gourley/Kelley said...

This is the part of the writing business I had no idea existed until I sold my first book.

Kristen Dyrr said...

I was raised an entrepreneur, and I've always loved it. Great pick for E! And I love the photo, very cute.

The A to Z blog said in the latest post to add a link to your own A to Z blog in the comments, so here's mine: kristenhead.blogspot.com

michelle said...

Lots of people shy away from the business side of things.
Cute kitty cat!

Laura Eno said...

Kitty! :)
I think many artists have the business aversion - and fail because of it. Great advice, Diane. We have to move away from the wall and mingle.

Claire Hennessy said...

Fab pic. And great advice. Now I just need to be an author!

Rhonda said...

Good sound advice here. At this point I just need to make time for writing.

Thanks for checking out my AtoZ.
Rhonda @Laugh-Quotes.com
AtoZ #42

DL Hammons said...

I'm ready and willing to open shop!! :)

Nancy LaRonda Johnson said...

Great summary! and I totally agree. Thanks for the reminder that putting in the effort and money is part of the plan. :)

Christine Rains said...

Excellent post. Sometimes it's hard to be patient with yourself, but time and persistence will pay off.

Adorable picture!

DarcNina said...

Time, patients and smart spending are key. And I love the photo! :)

Lexa Cain said...

I'd never thought of authors as entrepreneurs, but you're completely right - they are! Thanks for the great tips and the funny pic! :-)

Jagoda said...

A good reminder that if we do what we love the money will follow IF we do our part and apply some business savvy. Thanks.
Jagoda at http://www.conflicttango.com

Jen HaHA said...

I wish I had the desire to be an entrepreneur. Not that I have a business in mind. Maybe it's more so that I wish I had any unique ideas :oD

Check out my A to Z! Jen Hemming and Hawing Again

Rawknrobyn.blogspot.com said...

These are helpful tips that make sense, Diane - though we don't tend to think this way. Thank you.

xoRobyn

Cynthia said...

...and passion...entrepreneurs need that too, I find. I'd like to think I'm ready to open up my business, but I need one more vital thing that I don't quite have ready yet, and that's a finished product.

randi lee said...

Agreed! You're literally 'in the business' when it comes to writing. You have to understand the amount of time and effort it takes to, like with all things, become a success. Great tips!

Joylene Nowell Butler said...

Great post, Lee. I also notice you watch Dr. Who. I've never seen it. I promise myself I'm going to watch something other than hockey. I swear I am. But then something happens to me. I grip the edge of my seat and 3 hours flies past. It's a sickness.

Love the kitten. We're big cat fans in my family. Love our dog too. Actually, he's also a cat fan. Which has absolutely nothing to do with A-Z. Ooy.

Border-breaking bound said...

Great advice. Time to enrol in a business course!

Melissa Sugar said...

I apologize for just now visiting your blog- it's been hectic trying to get so much done this month. I love your theme and your advice is top notch . I am a great attorney, but I quickly learned that I sucked at running my own law firm .

The Wicked Writer said...

I love the cat pick, and yes, it's time to start looking at this as a business, thanks again for a fantastic post.