21 Publishing Management Tips
18 On time management: "Personally, I employ a technique taught to me by a senior partner at a law firm where I once practiced. Each day, I put together a list of immediate and long-term priorities, getting through the former first before working through the latter. I also push my phone calls and many of my e-mail replies to a set part of the day, so as not to interfere with my workflow (unless, of course, there is a crisis)."
19 On staying out of debt: "A few years ago, with the input of one of our printer-partners, we started looking less at unit price for each of our books, focusing instead on the entire cost of a print run and inventory turn—which I have seen successfully used in other industries. Given the quick turnaround available in domestic printing these days, we are able to reprint books quickly, modifying them to any changes in the marketplace (e.g., new testimonials, breaking news stories, appearing on bestseller lists). This, in turn, has dramatically reduced our inventory-carrying costs."
20 On delegating: "We surround ourselves with the best and brightest talent possible … and let them do their jobs. This makes delegation not only very easy, but necessary, as this allows employees to grow, to learn from mistakes, to try different things and to enjoy their successes. We try to be very transparent in our operations, sharing with staff our sales and revenue figures at weekly staff meetings, discussing the rationale for decisions by management and allowing them a voice in various aspects of our operations, including what books to publish."
21 On staying informed about new media opportunities: "We are constantly exploring new media for ways to be better publishers. As one of the earliest publishers that invested in online commerce, we have embraced new technologies. We are currently developing our own podcasts, as they fit well with our product line."