May 20, 2010
Going Broke While Making Millions
Accounting is numbers, right? And numbers are solid, concrete, unambiguous, the one thing in the world we can count on—right? Then why is accounting so hard to understand? As I’ve noted here before, it’s because it is backward.Continue reading "Going Broke While Making Millions"
March 2, 2010
Not an Exact Science
Since I've been an editor all these years, many people assume I have a degree in English or journalism. They are wrong, of course. I have a degree in mathematics.
That may seem an odd thing, but studying mathematics has helped me tremendously as an editor in at least two ways. First, it trained me to think logically and rigorously. Second, it means I'm not totally lost when it comes to thinking about the numbers side of publishing. And there are a lot of numbers to think about: profit, loss, expenses, budgets, sales rates and projections, price calculations, spread sheets, and more.Continue reading "Not an Exact Science"
Posted by Andy Le Peau at 10:45 AM
July 28, 2008
The Outsource Question
Celebrate logistics, as I've said before, because logistics make the romance of publishing possible. A publisher can also outsource its logistics so it can focus on the sides of publishing it loves best and does best—probably editorial, sales and marketing. But just because you outsource doesn’t mean you can forget about operations, fulfillment and accounting. You just need to be involved in a different way at a different level.
* Outsourcing Accounts Receivable.
* Doing AR Yourself.
* Outsourcing Warehousing and Fulfillment.
Outsourcing was all the rage several years ago. And it can be very helpful for small or large publishers. But there are always drawbacks with every choice, and the industry is full of horror stories about outsourcing gone very wrong. Publishers should consider the pluses and minuses carefully when deciding how to handle logistics.
Posted by Andy Le Peau at 5:55 AM
March 27, 2008
Is There No Accounting for Editors?
Perhaps the least number-oriented species of human being is that of editors.* Figures, subtotals, net present value, gross margin are as nothing in their sight. So should we just consign editors to the outer darkness of a numberless eternity? Is there to be no accounting for editors?Continue reading "Is There No Accounting for Editors?"