My First Anniversary as an Author-Entrepreneur

Holding my book for the first time!

Although I wrote my first novel, The Cogsmith’s Daughter (Desertera #1), nearly two years ago, this month marks the anniversary of its publication and what I consider to be my first year as a published author and entrepreneur. Is the writing life everything I thought it would be? Yes and no.

Before choosing independent publishing, I did extensive research into the field. I knew that one book (or two, or ten) is not enough to make a full-time living as an author. I held no illusions about being a break-out success or breaking even on my initial investment in one year (Across industries, small businesses take an average of five years to earn a profit.). While some authors reach these milestones within the first year, and while I have tallied many of my own proud accomplishments, short-term success has never featured in my goals. I’m lucky enough to be in a position where I can build my author career slowly. Currently, I’m 24 and a half years old. I want to be a full-time author on my 30th birthday. I think that is realistic and obtainable.

At this point, my career as an author-entrepreneur must be my second financial priority. With my husband in graduate school, I am the primary breadwinner for our family, and my day job must come first. In order to continue publishing books, I make sacrifices and set aside a budget for publishing expenses. Sometimes I miss those little luxuries (like binge-watching Netflix all Saturday, or dyeing my hair every three months), but the short-term sacrifices are worth the long-term gain. If I’ve learned anything from being an author-entrepreneur, it’s how to think days, months, and years into the future simultaneously.

writing-fuel

Chai tea = writing fuel

When I first declared myself an author and established Boxthorn Press, I focused heavily on blogging and bringing together a supportive community of writers and readers. I cannot recommend this highly enough. Through writing and reading blogs, I’ve made some of my best friends, as well as many valuable business connections. I still want to provide helpful posts and engaging content for my fellow writers and readers, though I’m starting to realize that my blog needs to take a backseat to creation. Over time, my posting schedule has declined from five days a week to three to two, and I think this has been a healthy shift for my productivity.

Perhaps the most difficult experience I’ve had as a writer is dealing with criticism. I know my books aren’t perfect. On the fiction front, I have a long way to go as a storyteller (If I didn’t, that wouldn’t make for a very fun career!), and I’ll be the first to admit that my nonfiction booklets have been crafted on a shoestring budget. I know everyone will not like, understand, or appreciate my art, and negative attention is the price of exposure. Bad reviews and hurtful comments only strengthen my own self-doubt and internal editor, but luckily, I have the perfect antidote …

You. My readers and writing friends who are reading this right now. If you had told me one year ago the amount of support and encouragement and caring I would receive from the outside world, I would have laughed. But it’s entirely true. My readership is small but mighty. Those who enjoy my novels (and booklets) have shown an outpouring of support in reviews, social media shout-outs, and yes, monetary support. Without all of you, I would have a damn difficult time blocking out those negative voices and zero chance of achieving my dream of full-time authorship within the next five and a half years. So, from the bottom of my heart, thank you.

Without spoiling my 2017 New Year’s Resolutions, I want to wrap up this post by addressing my goals for the future. My creative mentor (from afar, that is), Joanna Penn, talks about measuring your life in Olympic periods (and writes an inspiring reflection post each year). If you judge your progress by one year, it may not seem like a lot has happened. However, over the course of four years, so much more can change.

second-book

Finishing my second book (aka the first is not a fluke!).

From late 2016 to late 2017, I want to focus on creation and diversification. I’ll put out a new book (hopefully two!) in the Desertera series, but I’d also like to expand the novels I have into audiobooks and perhaps foreign translations. At the same time, I’d like to start planning and writing my second series in the background, so that it is ready to publish when it is time to wrap up Desertera. With my nonfiction, I hope to begin a full-length book and perhaps diversify the products I already have.

Over the next Olympic period? I’d like to have two complete fiction series under my belt and available in all English formats (ebook, paperback, and audiobook) and perhaps another language or two in ebook format. I would also like to have two or three full-length nonfiction books, so that other writers can learn from my mistakes and accomplishments. I’d also like to expand my author-entrepreneurship into other avenues, such as course creation, author services, or perhaps something more social like podcasting. Hopefully, Boxthorn Press will be making a profit and heading to a place in which it can replace my day job.

You know what the craziest part is? I don’t think this is all a pipe dream. I’ve researched the industry, studied successful indies, crafted a basic financial plan, and have picked apart my every strength and weakness. While success is not fully in my power (I’m still beholden to my readers, after all.), I hold 90% of the cards. If I keep learning and working, I know I can make my dream a reality.

Two years ago, I started scribbling down an outline in a notebook and praying that I could achieve my biggest dream of writing a novel. One year ago, I hit the publish button and achieved my new biggest dream of becoming a published author. Today, I’m telling you that I want to achieve my newest biggest dream of being a full-time author by age 30.

Can I do it? Well, stick with me and let’s find out together.

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Kate M. Colby is an author of science fiction, fantasy, and nonfiction. When she is not writing or working, Kate enjoys playing video games, antiquing, and wine tasting. She lives in the United States with her husband and furry children.

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Posted in Author Business & Publishing, Writing & Publishing Articles
36 comments on “My First Anniversary as an Author-Entrepreneur
  1. Happy Anniversary! I have no doubt you’ll get there. 🙂

    Liked by 2 people

  2. Nikki B. says:

    Happy anniversary, Kate! I am very proud of you for taking your NaNo novels and running with them and it gives me hope that I’ll get there someday myself, even if I have a few years on you. 🙂

    Liked by 2 people

  3. tpolen says:

    Congrats – you’ve accomplished a lot in 2 years!

    Liked by 1 person

  4. Congratulations! I think your goals are great and wish you the best of luck in achieving them. I’m sure you will.

    Liked by 2 people

  5. L.D. Parker says:

    congrats on your accomplishments!

    Liked by 2 people

  6. Congratulations! Your books are always a pleasure to read! 📚😊

    Liked by 2 people

  7. amo says:

    Happy Book Birthday! And congrats on your success. You’re pretty darn amazing.

    Liked by 2 people

  8. Congrats Kate! I am sure that if anyone can make it it will be you, you are such a hard working lady. Good luck to your future projects.

    Liked by 2 people

  9. You’ve adopted the perfect mindset for achieving your goals. You have a plan, you believe in yourself, and you’re not looking for overnight success. I think your methodical and gradual approach to getting there will work! The fact that you’re so focused and realistic at such a young age is another huge asset that will serve you in the long run. Keep this idea in mind as you move forward: “Persistence breaks down resistance!” I didn’t coin that phrase, but I think it’s an unbeatable philosophy! — Joel

    Liked by 2 people

    • Thank you very much for your kind words and encouragment. It’s always nice to have another businessperson validate my plans and mindset. And what a great mantra! That’s definitely one I’ll have to return to over the years.

      Like

  10. Ameris says:

    I’m leaving this comment to let you know your post has inspired me! Thank you so much for posting and in my opinion, you’re more than half way there to achieving your goal. Keep up your motivation, hard work and determination!

    Liked by 2 people

  11. congrats! i know it’s hard.. there are so may out there, but don’t give up, because I’m not..

    Liked by 2 people

  12. gonmrm says:

    Congratulations on 1 amazing year! It’s not easy to be an entrepreneur, and even harder to remain an entrepreneur for a year! Keep up the great work.
    Gonçalo from http://www.theentrepreneurslog.com/

    Liked by 2 people

  13. ravengael says:

    This is late to the party, but it’s never too late to say congratulations! I’m still getting used to the idea of being an author in my own right. Being a ghostwriter for 10 years has given me some serious identity crisis issues lol

    Congrats on owning your accomplishments!

    Liked by 2 people

  14. Jacque' says:

    Hi Kate
    The wife and I noticed your blog and love the idea behind it. She wants to learn more regarding publishing and maybe we can find that information here. I am a mobile developer and If you ever want to make it much easier for your audience to connect with this blog, I would love to help.
    Thank you for your time, it is the most precious thing we all possess.
    -Jacque’

    Liked by 2 people

    • Thanks so much, Jacque! If your wife has any publishing questions or would like more resources, please tell her to contact me. I’d love to help! And I’ll keep your offer in mind if I’m able to move to a self-hosted website — much appreciated!

      Liked by 1 person

  15. benveldman says:

    I’m just starting out with my own blog, but your story is really inspiring. I’m not sure if novel writing is for me, but congrats to you for accomplishing so much already. My advice would be to focus on the content, writing more stories, before branching out to audiobooks or translation. Master the novel first, and then branch out once you have a larger audience that you can capitalize on. Just my two cents, but good luck with your journey of writing.

    Liked by 1 person

  16. […] when I first discussed my goal of full-time authorship (and again when I reflected on my first full year as a published author), a few readers expressed […]

    Like

  17. Congratulations, Kate! Thanks for your other post as well: https://katemcolby.com/2017/02/10/financial-plan/.

    Liked by 1 person

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