I’d say I’ve been thinking about starting a publishing company. But that would be an understatement.
The fact is, we (not I) have been doing more than just thinking about it. Yesterday I closed my eyes and opened them to a business plan, complete with a basic budget and a five year strategy. It had most of the essentials. LLC filing costs for tax considerations, policies, necessary tools we’ll need, growth ideas, purchasing of a round of ISBNs…
Although there is are initial costs to crest before we’re official, the plan covers the first round of critical questions. On some fronts, we’re not inexperienced in this, having gone through the process three times and figuring out the basics. But in other regards, we’re trailblazing. I’ve never set up a real company before. On the plus side, creating an LLC is cheap. There are tiered costs for converting it into stocks, and equity is an important consideration to maintain the nature of a startup company. But that’s something to visit another time.
For the moment, focus is on structuring our policies, mission statements and marketing considerations. We have a few ideas on that latter point. The biggest hurdle of any author is simply getting their name out there. A publishing company of reputable quality doesn’t take long to attract at least a small following of readers and interested parties. Last I checked, there are roughly half a million published writers in the United States alone. Writing good or even amazing material just isn’t enough to stand out.
Another factor we’ve been discussing is how much of our infrastructure we’re going to in-house. While there are some great services out there that I would strongly consider once we’re of a particular size, I want to handle as much as I can on my own and outsource as I realize that certain tasks are too complex or offer no real benefit to maintain. If I can in-house my own file management system with minimal problems, fantastic! If I’m blowing two or three hours a week dealing with an exploding mail server, I’ll probably just go with Google business emails.
Yeah, it sounds like a great deal of work. But we have a hotshot artist, an up-and-coming writer and a tech guy looking to automate aspects of the job. One could do worse. Yet nothing is happening until the royalty payments for Marching Time and Far Worlds are complete however. As eager as I am to get started, I need to wrap up the old business first.