When it comes to writing and self-publishing, most authors are probably not very preoccupied with the idea of risk, or how it pertains to them. The fact is, though, that being a self-published author is essentially a business, and it's important that it be treated as such. That's why the concepts such as risk tolerance and risk capacity are so important, even if many of us don't even know what they mean!
Fortunately, today's guest, author and accountant D.F. Hart, is here to give us a deep dive on the concepts, and how they can impact your writing business. As she explains (with some great examples) most of your key writing and publishing decisions should be looked at from a risk tolerance and capacity perspective. In doing so, you'll find it much easier to make smart and informed decisions that maximize your profits and help you achieve your goals.
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