From Publishing Perspectives:
Last October here at Publishing Perspectives, I wrote about starting my new publishing house—actually more like a publishing room—Mensch Publishing.
I promised/threatened an update when its first book hit the streets, and February 7 saw the release of Guy Kennaway’s affectionate, funny, and important story of his mother’s desire to end her own life. Time To Go will be available around the world in English, in print, in ebook, and in audio formats.
What, if anything, have I learned? Perhaps nine lessons to follow up a Christmas theme.
Lesson 1. Finding the right book is by far the most important thing, but getting the small things right is vital and unbelievably hard work.
Lesson 2. Being a small (tiny) independent publisher is liberating in its avoidance of group think and corporate bureaucracy but challenging in its complexity. I have more than 1,000 emails in my files all for one book and that’s computed after I’ve assiduously deleted the several thousand I was copied into for no reason.
Lesson 3. Treat your suppliers with respect. I’ve taken a policy decision to pay cash owed into a freelancer’s account the same day I receive the invoice. My cash flow is important but respecting other people’s cash flow generates goodwill, and better relationships are vital for a small enterprise—perhaps for big enterprises too.
Lesson 4. Everything costs more than estimated, and income is always less. Those who see publishers, large or small, as greedy monsters making large profits should try it for themselves.
. . . .
Lesson 8. Managing a site. Tweeting. Communicating with authors, agents, sales, distribution, rights, design, production, finance, agents. Setting up accounts with Publishers Licensing Society. With Nielsen. All take time, obsession, attention to detail and all are essential.
Link to the rest at Publishing Perspectives
When PG read the OP, he was curious about whether a publisher with a single employee (the author of the OP) used the same types of contracts and paid royalties at the same rate a much larger publisher would. PG notes from the book’s Amazon listing that the one-person publisher is pricing the book at the same level a major international publishing house would.