Searching for a sample business plan for author? Any template or sample you find will have the same basic ingredients in its recipe: a close look at the market opportunity your work might find, a concise description of your book(s) and how you'll market it, and a financial projection showing at least three years of estimated revenues and expenses. If you're already up and running as a writer, you'll want to add in a past performance section (a table showing P&L statements and balance sheets for up to 3 years back) and a good assessment of your strengths and weaknesses to date. Whether you're an existing business or just starting out as an author, these will be vital components of your plan:
• What sort readers are your works most likely to appeal to -- in other words, who are your clients?
• What is your area of operations, geographically, if relevant?
• What market and industry stats can you find in support of the timing of the venture?
• Who will run the company with you, if anyone, and what are their backgrounds?
• What amount of capital do you need for the first book and when can you hit break-even?
The business plan should also explore the strengths and weaknesses of major competitors in the market (people whose writing is similar, for example). The plan needs to include a full marketing and implementation strategy that talks about how you will promote yourself and your works. Lastly, make sure that the financials include all of the tables commonly sought by investors and lenders including revenue forecast, profit and loss, cash flow, and balance sheet, as well as a break-even piece and a sensitivity analysis. MasterPlans has authored dozens of author and writer business plans, and our own expert writers are very familiar with this line of work as a business model. Call us to learn about how we can help you plan. 877-453-2011
