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A couple of days ago, I finished reading a great book for writers and small business owners called "Business Tips and Taxes for Writers." The section on record keeping talked about spreadsheets and the importance of consistently recording a business's finances. At first, I was a bit bleh about this method of record keeping. I'd never used a spreadsheet before.
But, when I stayed up until 2 AM recording my income and expenses for Honest Crits, I learned that I loved spreadsheets and seeing exactly where the money from and for Honest Crits/Reader's Den goes. As of lately, most of the money has been going to my office and research, and more people pay for the Promotion Plan than anything else. Of course, this all makes sense. My business is not at a point where I'm actually making any profit. The money I make from the business goes to the business. Pretty soon, though, the money I make from the business will go toward college as well.
I have five months to figure out how I'm supposed to pay for college. All four years is about 28,000, so one year is roughly 7k. I already have 800 (which is really only enough money to pay for one class and a half -_-). When I went to IUB for the summer and the first semester, I worked my ass off and did almost 2 scholarships a week for months. I won enough money to pay off the first year and parts of the other 4 years. Because of a scholarship mix-up, I still ended up having to take out a $2500 loan to pay off the first year. Already, I have loan money that is building interest.
So this is the plan that I've come up with to help pay for college: Sure, little-by-little, I'm making more money with my business. But I could be making more. I need to change my editing prices; I need to better promote my websites so that I can offer advertising; I need to enter into more writing contests and freelance for paying markets; I want to self-publish a helpful book for writers; I want to make a donation page.
It'll be stressful, I know, but the best way to push myself is to push myself. If I tell myself that the money I make with my business will help pay for college, at least the first year and a half, then I'll have even more incentive to work harder. Whatever doesn't get paid for with business or scholarship money will have to be paid for with loans (ick). Because I have to spend these next five months working specifically on Honest Crits and Reader's Den (when college starts, most of my Honest Crits services won't be open. I don't want to make college even harder on myself), I'm officially taking a break from working on my novels.
So, what'll I be doing in college? I plan on getting a Bachelor of Arts in Human Resources and minoring in English: Writing. A B.A. is perfect for me. There's not much math and science, and getting into the business school at Purdue University Calumet is nowhere near as hardcore as getting into the business school at Indiana University Bloomington. If you fit the qualifications, you get in.
Yep, that's all.
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| February 2012 - the most active month for Honest Crits/Reader's Den |
But, when I stayed up until 2 AM recording my income and expenses for Honest Crits, I learned that I loved spreadsheets and seeing exactly where the money from and for Honest Crits/Reader's Den goes. As of lately, most of the money has been going to my office and research, and more people pay for the Promotion Plan than anything else. Of course, this all makes sense. My business is not at a point where I'm actually making any profit. The money I make from the business goes to the business. Pretty soon, though, the money I make from the business will go toward college as well.
I have five months to figure out how I'm supposed to pay for college. All four years is about 28,000, so one year is roughly 7k. I already have 800 (which is really only enough money to pay for one class and a half -_-). When I went to IUB for the summer and the first semester, I worked my ass off and did almost 2 scholarships a week for months. I won enough money to pay off the first year and parts of the other 4 years. Because of a scholarship mix-up, I still ended up having to take out a $2500 loan to pay off the first year. Already, I have loan money that is building interest.
So this is the plan that I've come up with to help pay for college: Sure, little-by-little, I'm making more money with my business. But I could be making more. I need to change my editing prices; I need to better promote my websites so that I can offer advertising; I need to enter into more writing contests and freelance for paying markets; I want to self-publish a helpful book for writers; I want to make a donation page.
It'll be stressful, I know, but the best way to push myself is to push myself. If I tell myself that the money I make with my business will help pay for college, at least the first year and a half, then I'll have even more incentive to work harder. Whatever doesn't get paid for with business or scholarship money will have to be paid for with loans (ick). Because I have to spend these next five months working specifically on Honest Crits and Reader's Den (when college starts, most of my Honest Crits services won't be open. I don't want to make college even harder on myself), I'm officially taking a break from working on my novels.
So, what'll I be doing in college? I plan on getting a Bachelor of Arts in Human Resources and minoring in English: Writing. A B.A. is perfect for me. There's not much math and science, and getting into the business school at Purdue University Calumet is nowhere near as hardcore as getting into the business school at Indiana University Bloomington. If you fit the qualifications, you get in.
Yep, that's all.
I don't really see the need to pay for all that Writers Digest stuff. Most of it seems overpriced and unnecessary. Also I'd love to donate you money. I've been playing around with it for a whole now--wanting to send you some money, that is. Haha.
Yeah, much of the stuff from Writer's Digest is overpriced. I think I bought the 'Writer's Digest University' book in some spontaneous buying frenzy because it was a large book with an overall look into writing (as well as a list of contests and magazines at the back). Also, because it was only 4 bucks. I can't really see myself buying another Writer's Digest book now, though.
I'll be putting up a donation page on all my sites soon enough, as soon as I get a hold on how exactly that works with Paypal. -_- I did it in the past, but now I need to create a new button entirely with different rules because I have a business, or at least I think so.