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We LOVE to read comments so please leave a comment and subscribe to Our channel: https://www.youtube.com/writerslifeorg Grab your free writer's toolkit by going to http://www.writerslife.org/finish-your-book ------------------------------------------------------------------------------------------ hello is Peter here again from WritersLife.org and today why it pays to be business minded if it's time you took yourself and your writing career seriously then it's time to get your head out of the clouds yes it may be beautiful up there and we're all your most imaginative creative ideas come from but without dipping into the business world from time to time it's going to be pretty difficult to make a success of yourself the idea of making a business plan for your writing might make you cringe but doing so can give you direction cements your goals and aspirations and give you the building blocks needed to make them come true now is the time to stop resisting the idea that you can avoid the tedium of admin of strategy and marketing and all the other corporate things that you need to do and be as a modern author a solid and strategic planning place will be your guide which demonstrates what you hope to accomplish and how you plan to get there as well as what it will mean to you financially if you do being business minded about your writing will help you clearly visualize what you want from your writing career it will help you become specific rather than having a vague aspiration to be published someday it will help you define clear actions prioritize those actions and understand exactly what you need to get them done writing a business plan will help you gain clarity what exactly you need to do in order to succeed it's so easy to get distracted and waste time and energy focusing on things that don't help us move forward a solid business plan will mean writers can solely focus on these actions which will help them to reach their goals being business minded will also help writers to stay ahead of the game if you know you'll need a certain amount of money in order to do something for example pay a professional book designer to design your cover you'll be aware of that expense know when you will need to have the money and therefore you can plan for that expenditure well in advance you will also be far more organized you can plan ahead for your book launch integrate a marketing plan and manage your time thus making you a far more productive writer and this way you won't let things get on top of you or spiral out of control when writing your business plan there are certain things you should consider first of all what is your mission statement spend a moment thinking about why you write and what you hope to deliver and achieve through your writing and what unique things you can bring to the table next who is your target audience be clear about who you wish to reach through your writing and how you intend to reach them next what is your author brand every business has a brand what's yours think about your message what you want readers to experience when they connect with you what purpose you have or the message you are trying to convey and what about your goals be very clear about what you want to achieve and make sure that you're willing to do what it takes to succeed goals should be actionable and measurable so bear this in mind when you are thinking of yours next timing if applicable you should be able to come up with a comprehensive schedule to stick to include everything from the number of words you will write in a day when to release your book - how he will manage your social media accounts next competitor research who are your main competitors find novelists authors and influence who you can identify and see what they're doing how are they engaging with their readers finances can you afford to invest the money needed for your writing business to be successful be specific with your costs and if necessary save the money you need before you put your business plan into action being business minded and creating a solid business plan for your writing can really pay off it may not be a favorite task but remember your business plan can be developed over time it may feel like a little overwhelming at first but even getting down the basics will help you feel more clear and more confident ready and able to achieve what you have set out to achieve and don't forget if you're struggling to write or finish your book our free writers toolkit can help with it you'll learn how to overcome procrastination get organized stay focused find time to write and finally get your book published to get access now while it's still available simply go to http://www.writerslife.org/toolkit that's it for now be sure to give us a thumbs up and subscribe to our channel for more i'm beta and i'll see you next time