I’m implementing a new feature on my blog: Business Mondays. Today I’m going to do Part One of Creating A Business Plan. There will be three parts in all:
Part 1 Intro and Reviewing 2015 (Post Date 1/18/16)
A little background: This is my first foray at creating a serious business plan and I wanted to share my experience with anyone interested. I began with the book:
I liked the workbook format that helped me focus on what I’ve accomplished in the previous year, articulate my goals for this year and think ahead. Doing project worksheets gave me real sense of how I could develop a project plan that works for me. I didn’t care for some of the touchy-feely aspects of the book and ignored those. This book served as my “base” then I developed out my plan.
My business plan is a work in progress and will continue to be all year long. Nothing is in cement, but it lays out my goals and breaks them down into tasks in the project maps. This is what works for me. You may want an entirely different kind of roadmap for your year.
Introduction: Why do you need a business plan? If you are a writer who is publishing, you are running a business. A plan will help you:
–Visualize all your goals
–Break them down into manageable tasks
–Create a calendar timeline
–Stay on task
–Evaluate your successes and setbacks
–Reorganize your goals, calendar and tasks as needed.
What a business plan won’t do? It won’t sit your butt in the chair and do with work for you. But a business plan can help you stay motivated to hit your deadlines and cross them off your list.
Before I go on, while I wrote up my business plan on the computer, I like a printed copy and a good calendar to list daily tasks. I bought a daily planner type calendar:
With both month at a glance and daily pages:
Then attached my business plan to the inside of the back cover of my daily planner:
Anytime I change my business plan, I simply re-print and attach it. This is also easy for me to take anywhere I want. However there are many ways, including keeping it all electronic and accessible on your phone or handheld device.
This is what the cover page of my business plan looks like:
Business Plan 2016
Jennifer Apodaca AKA Jennifer Lyon
Review of 2014
- Goals, Accomplished, Put On Hold & Revised
- Writing Books/Novellas
- Social Media
- Marketing Plan for Releases
- Growing Skillset
- Other Streams of Revenue
Now for the Review of 2015. This is important to know where we succeeded, and where we need to improve. I took out a few things, like my income because I don’t share that information. But in your personal version, it’s a good idea to track the ups and downs of your income. It’s one of the ways we can decide if we are meeting goals, or we need to re-evaluate.
Review of 2015
Income 2014: Removed
Income 2015: Removed
- Drop in income was projected. Therefore, met projection but did not exceed them.
- E-books made up 83.5% of income.
- Foreign sales 12.7%
- Audio 2.5% (
- Print 1.3 % (Just started in print, good potential for increasing sales)
1) Revise Exposing the Heiress at publisher request and submit. Published in August
2) Write Caged Magic. Publish in July.
Put on Hold:
3) Write & Publish Savaged Vows
4) Plot Primal Magic
5) Plot Savaged book 2
1) Got rights back to Wing Slayer Hunter Books from Random House. Re-released in both electronic & Print:
- Blood Magic
- Soul Magic
- Night Magic
- Sinful Magic
2) Re-edited and put in Print:
- Forbidden Magic Novella
1) 2 new books released, 4 re-releases and 1 re-edited.
2) Receiving a RITA Nomination
3) Hitting USA Today List
4) Hiring a Virtual Assistant
5) Marketing Plan for Wing Slayer Hunters and getting first Bookbub ad.
6) Blood Magic hit #2 overall on Amazon
7) Creating spreadsheets to track each book, very helpful
8 ) Being asked to be part of 1001 Dark Nights Discover Authors
9) Met income projections.
1) Exposing the Heiress being moved out of Indulgence category.
- Should have made stronger case to keep it there
2) Getting rights back to Wing Slayer Hunter books was slightly unexpected and threw a major wrench in my schedule.
- Note: this is also a success as the re-launch went very well
- But a major decision mid-year caused big reshuffling of schedule and goals.
- Big time & financial investment.
- No clear way to measure it against what would have happened if I released two Savaged books.
3) Not launching news series with Savaged Vows.
- Will launch in 2016