It's that time again: Time to assess this year's successes and start the annual business planning process for next year. What does that mean? It means it's time to write your business plan.
You are also becoming a publisher.
And with that new title comes a new start-up business. Entrepreneur If you are like most aspiring authors, you may just want to write. You may have no desire to become an entrepreneur. In fact, when you choose to self-publish a book—any type of book—you go into business for yourself.
You actually become a publisher and open a publishing company. You go into the business of writing, producing, and publishing your own books. To a certain extent, you also are responsible for distributing those books, or for finding a way to do so.
If you are writing ebooks to support your existing business, you now have a new business venture to support. As with any other business, it takes time, effort…and money. How to Create a Business Plan for Your Indie Publishing Company Besides your good, marketable ebook ideas, you need a variety of things to get your publishing business up and running.
First, you need a business plan. Any seasoned entrepreneur will tell you a plan is necessary to start a company.
A book proposal serves as a great template for such a plan since initially you are creating a plan that revolves around one book.
This template can be expanded to serve as a business plan for your whole publishing company. I write about this extensively in my new book, The Author Training Manual.
A book proposal is used to prove to a publisher the marketability of a book idea. You want to prove to yourself, since you are the publisher, that your book idea is viable—that it will sell and make you money. And you want to make sure it will enhance, not detract from, your current business.
For example, aspiring authors are often shocked at the cost of editing a manuscript, which can prove much more costly than design. Determine what resources you need to complete your book. At the minimum, these can include:A Business Marketing plan is very important for any product or company, in order to achieve individual and organizational goals.
A Business Marketing plan is a drafted document which gives the overall summary of the market. It summarizes the key elements of the entire business plan and is the first thing anyone looking at your business plan reads so it's critical that your executive summary is outstanding.
Top 10 Components of a Good Business Plan. Amanda Dixon May 21, Share. Whether you’re planning to open a shop that makes the best coffee around or you want to sell eco-friendly office supplies, you’ll need to explain why your business is necessary and how it’ll differ from its competitors.
That’s where your business plan comes in. Elements of a business plan. Business plans consist of following key elements.
1. Cover page. The cover page of the plan must contain: the company name, tagline, contact person and contact information (address, phone and email), date, disclaimer and copy number. The contact person must be an important person of the company such as founder or.
I disagree that the business plan you write for yourself is different that the VC plan.
Any business plan I do, I would have these 5 elements. My take is that you need to think like an investor in order to ensure that your idea has merit.
Use this list of the 9 key elements to include in your startup’s business plan as a boilerplate for your own. These elements provide a strong structure on which to build and expand upon. Keep refining, rewriting and re-evaluating until you are satisfied you’ve made a comprehensive, foolproof plan .