PPT Slide
14. Don’t make any large purchases that will not pay for themselves for years, unless absolutely necessary to maintain your business.
15. Get important agreements with reps, authors and illustrators in writing. Be careful about getting into a long term contract with a distributor.
16. Hire better reps, editors and officers to shore up weaknesses in the company. Accounting and sales are usually the weakest links in any publishing company.
17. Start sharing leadership and information with others in your company. Build a team around you so that you could step down without the company collapsing.
18.Bring all partners and stockholders in line. Make a corporate resolution that enables you to sell the company without dissention. Eliminate hidden agendas and possible misunderstandings.