On Why I Need a Business Plan

Earlier this year, I decided that I didn’t want to do a business plan. And for the first time in years, I didn’t. I made a simple to-do list (write, edit, edit, release, rinse and repeat) and that was that. I figured that was all I needed to focus on. Easy peasy, right? 

Yeah, uh...I was wrong. J

The thing is (and I’ve always known this), being an indie author is the same as owning a small business. Writing is only half the battle. The other half involves marketing, financing, and of course publishing. You’re the CEO, the low pez employee, and the intern all in the same day. So it helps to have a plan of action to reflect back on throughout the year.

As I did my own year reflection, I saw how much money, blood and sweat I put into publishing The Two Worlds, learning about the industry, adding publishers, freelance graphic designers and editors to my contacts, establishing an email distro list, etc.

And I realized I have a lot more to do this year than just write and release. Oh, sure, that’s the foundation of my business. But for it to be successful, there are a lot more pieces of the puzzle involved.

So! What I’m trying to tell you is this: make a business plan. It can be as simple or as complex as 
you’d like. And if you need help, check out these great posts for more information:

Ok, your turn: Do you have a business plan? Why or why not? If so, what spurred you to make one?