Welcome back to another blog hop, with #OpenBook. Here’s this week’s prompt.
If you had unlimited money to start and maintain a business, what would it be?
First of all, It’s good to be back. I took the month of November off, to concentrate on my NaNoWriMo project, largely because it was a new departure for me and I wanted to avoid distraction while I worked it all out. And I’m pleased to say that I managed to get 52,000 words written.
I won’t ask if you missed me, I don’t suppose you even noticed.
Anyhow, back to the prompt.
That’s a tricky question, speaking as someone who has set up two businesses since he retired, I have to share one thing that I found out very quickly.
It’s not the money that’s necessarily the problem, although it’s important to make sure you have enough to set yourself up and run at a loss for a while. The thing that nobody tells you about is everything else that running a business requires, the things you need to do before you can do what you set out to. That’s true in every field, writing is no different. Being self-published means that writing is as much a business as any other, with all it’s associated non-writing administrative chores.
In my first business after retirement, I set up and ran an organic bakery, supplying local shops and cafes with bread and biscuits. I started small, had all the equipment and facilities I needed and was expanding and making a small profit.
The problem came with the regulations and paperwork that I needed to do, the inspections, certificates and records. The allergy training and all the other things, right down to stock control, ordering and printing labels. It all took time which could have been better spent in baking. Which is not to say that those things were not important, just that, for a one-man operation they eat into your day.
In the end, I was spending at least as much time on paperwork as I was on baking, which was unsustainable as far as I was concerned. It stopped me expanding the business.
So, to answer the original question, if I had unlimited money, I would carry on with the writing business. I’d just hire someone to do all the parts that I didn’t enjoy, like the administration and marketing, for me.
It might even free up some time to let me do some baking.
Let me know what you think about this week’s subject.
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