Just how do you manage a writing career?
Well, it begins with acknowledging that you are an entrepreneur and that it is time to run your office as a business.
Regardless of where you fit in all of that - you are running a business and before you go any farther it is really important to take a few days to understand your situation with a 5-year business plan.
Well, it begins with acknowledging that you are an entrepreneur and that it is time to run your office as a business.
You are en entrepreneur whether you are a:
• Freelance writer
• Copywriter
• Editor, formatter, cover designer
• Published author
• Spoken word poet
• Assignment writer
• Branching out into multiple writing and media genres in order to keep a steady income flow
• Have one book that you haven't published yet, but plan to.
Regardless of where you fit in all of that - you are running a business and before you go any farther it is really important to take a few days to understand your situation with a 5-year business plan.
The 5-year Business Plan has 2 sections; the first will touch on everything from:
• Financial needs analysis and taxes
• Operations, processes and policies
• Examining future goals or projects
Understanding these things puts you in a better position going forward, including:
• Being able to evaluate the current situation including your personal strengths, weaknesses and talents
• Knowing where you are and what you have at your fingertips
• Identifying potential and current challenges
• Understanding tax prep and record keeping processes
This information is also essential for working on the second part of the 5-year business plan, which involves:
• Contingency Plans
• Succession Plans
• And an Annual Action Plan
Business plans will evolve as time goes on, which is why we create 5-year plans that we will re-evaluate periodically.
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