XXI
PROFIT
Writing is a business. Whether or not you treat it as such will determine your success.
Either you can buckle down and learn the basics of business: accounting, profit and loss, return on investment (ROI), sell-through, marketing, fixed costs vs variable costs, taxes, and more; or you can proceed without knowing what your business is and likely fail.
There is a bright side to all of this, you can hire a team to guide you. An excellent certified public accountant (CPA), and a business attorney.
This concept of a team will become vital to your long-term success. With each task your business requires, there becomes an opportunity cost associated with that task. It is vital you understand your profitable tasks; those things that are best done yourself, foremost the writing. For everything else that would cost you more to do yourself, because it would take away from your writing time and energy, it behooves you to hire someone to handle it for you.
Do not only measure the hourly rate your team charges to do their task. You must also add to it, the cost you can incur by doing it yourself at a diminished quality.
Book covers are an excellent example. You can make it yourself. But can you make it at a higher quality that you can buy it for? If not, then the idea of doing it yourself should go out the window, as you are hurting your business long term.
The same logic applies to your other tasks.
FORWARD
This came about as a journal to myself. This is a series of tough love lessons that helped me on my own journey as an author.
Buy Slay Your Dragon: A Motivational Guide for Writers today and get the best meditations from this series all in one place.
If you’ve found this series helpful in your own journey, help spread the word by buying a copy and leaving a review.
Blurb
Struggling to make your writing dream a reality?
Can’t find the fire inside to finish that book?
Worried no one will want to read your book?
It’s time you Slay Your Dragon!
This is not another craft book. Or yet another, writer, writing about writing.
No.
Slay Your Dragon: a Motivational Guide for Writers is a series of daily meditations from Nicholi A.K. Baldron.
This book was produced using his own personal journal of tough love feedback to himself.
Follow along and see what he told himself to become an international bestseller in Fantasy and Mystery.
WARNING: This book is not intended for those with a sensitive disposition, there are several other excellent books that are less blunt. Instead, I have published this for fellow authors like myself, who need to be called out for their possible hubris and sometimes thick-headed nature.
