You want to make money writing... not to
become a C.P.A., attorney, or bookkeeper.
Part of learning how to become a freelance
writer is to get mastery over your time. This means having
the right people in place on your team. While many of us like
to pretend to be superheroes, the truth is that we CAN'T do it
all (at least not if we want it to turn out right).
We're going to take a look at some of
the teammates you'll want working on your writing business.
This one will help you keep more of the money you make from
your writing business. Plus, you may just put to rest one of
your recurring nightmares (you know - the one where you forgot
to do any bookkeeping all year... and now it's tax
time).
Ever feel like you're trying to do it all,
all by yourself? Is it noble? Is it admirable? Or, is it just
plain old foolish?
Is
there really any such thing as a self-made
success?
I
say "no way!"
You can try to build a writing
business this way, but it's a sure recipe for burn-out, costly
mistakes, and a lot of unnecessary headaches. For certain, it's
not putting good time mastery principles to use.
You see, one huge part of using your time
wisely is knowing when not to use YOUR time. To get most things
done, you need either time or money. As we've discussed before,
time is really your most precious commodity. It can't be
replaced.
In your writing business, there are four
levels of competency:
-
Incompetent: These
are things you absolutely can't do. Even if you worked
really hard to improve, you'd only make marginal progress.
Things like this might include setting up your tax and
legal entity structure, doing your books, printing your
marketing materials - all kinds of things people routinely
hire a specialist to do for them.
-
Competent: These are
the things you're okay at, but not great. They might
include running errands to the bank, the post office, the
copy store. You could do them, but so could anyone
else.
-
Excellence: These are
things you do exceptionally well. Maybe it's writing SEO
articles, e-books, website content, or brochure text.
You're skilled at these types of tasks, and do them better
than most people you know.
-
Genius:
This is something you do better than anyone else - it's
where your gift lies. It's really something special.
Ideally, you'll figure out what this is, and be able to
spend the bulk of your time doing it. It can take years -
decades even - to figure it out though.
Now, if you're building a writing
business, where do you think you should spend most of your
time? Filing? Filling out deposit slips? Balancing a checkbook?
Or, how about actually WRITING?
But, all those other things need
to be done, too! And some of them are really, really important
to the success of your business.
For example, if you're
building a writing business as a sole proprietor,
you're going to take a punch in the gut when tax time rolls
around. Unless you're an accountant or attorney, you probably
don't know a whole lot about tax entities (and you probably
don't care to!). But having the right entity in place makes a
huge difference in how much of your writing income you actually
get to keep. So, are you going to go enroll in a college class
to learn about tax law? Leave that kind of stuff to the
specialists. It's not worth your time. Good time management
means you'll pay someone else to take care of this stuff for
you, so you are free to do what you do
best.
Read more about how to
become a
freelance writer with time integrity here.
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