A few posts ago I discussed the second annual “Share the Love” video contest that Outskirts Press held for our published authors on Facebook. This month we have been collecting submissions from our Facebook fans for our 3rd annual Fandemonium Facebook Anthology. In May, we will announce the winner of the 3rd annual Outskirts Press Best Book of the Year award. This summer we will find out whether or not Outskirts Press is awarded its 5th placement in a row on the Inc. 500/5000 list of fastest-growing companies. And in October, we officially celebrate our 10-year anniversary.
All this goes to show that there are many ways other than “anniversaries” you as a business owner can use to celebrate longevity in your respective industries. And communicating longevity is important, because longevity speaks volumes to potential clients, customers, and consumers; deep down most people understand that a business which has succeeded for a long time in this dog-eat-dog world is a company they can have confidence working with.
Yes, there are always exceptions to prove the rule, such as the case of Vantage Press, a sort-of-competitor of ours that “ceased business operations” at the end of 2012 after a long and storied history. Sadly, when they closed, their authors were left in something of a lurch – with many authors not receiving royalties due to them and authors in the middle of the publishing pipeline being left out to dry without refund. I’m an author myself, as well as a business owner, so I empathize with all sides involved. No company plans to fail, but it’s not the customer’s responsibility or obligation to bear the brunt of that failure if it happens. Being prepared for that possibility is the responsibility of the executives at every company. That’s why, at Outskirts Press, we have a cash-flush savings account devoted solely for our authors exclusively for this purpose, so that all outstanding royalties would still be paid to them and any remaining authors in the pipeline would receive refunds.
Of course, all business owners work extremely hard to ensure it doesn’t come to that. Every day we share a new comment from one of our authors and many of our authors voice the same common sentiment — that they feel “lucky” to have discovered Outskirts Press. That is always gratifying to read, and what may feel like “luck” to them is the result of a lot of preparation and hard work from all of us at Outskirts Press. Like most successful companies, we are prepared for the worst, but plan for (and anticipate) the best.
And speaking of best, over the course of the next few posts, I’ll write more about the 3rd annual Fandemonium Anthology, the 3rd annual Best Book of the Year awards, the 5th placement (hopefully) on the Inc. 500/5000 list, and our 10-year anniversary.