In Episode 042, Jack has invited Ms. Meredith Maslich, the CEO and Chief Book Nerd at Possibilities Publishing Company, a small, indie publishing house that lives in the space alongside the traditional publishing.
Since it's inception in 2012 Meredith has worked with more than a dozen authors and published more than 20 titles. In 2017 she added Thumbkin Prints, a children's imprint, and Eaton Press, a self-publishing imprint, to the Possibilities Publishing Company family, because for a book nerd, there are never enough books.
She will share with us her publishing company business but more importantly, we will find out from her what is the hardest thing about being an entrepreneur/ CEO and the best part of it.
There is a lot to learn from her indeed.
Meredith's first entrepreneurial endeavour
It was a company right after I got out of graduate school where I was a consultant for non-profits and, and consulting. That's the kind of work I'd always been doing. And coming out of graduate school, I knew everything and I had all the answers. I wasn't going to go work for some other company because they were just holding me back. So of course, I dove right into starting my own company and it was great. It worked really well for a lot of years but that was where I really started to learn about the benefits of a failure or making mistakes. I made a lot of mistakes.
My next step - starting a publishing house
I try to figure out what the next step was and I did stumble into publishing. My dad had been a sales trainer successfully for 35 years. He wanted to write a book and asked me to help him work on it. I helped him write and then I started looking at how we published it. And I discovered this whole world of independent publishing and self publishing and my entrepreneurial heart burst. I've always been a writer. I've always been into reading. I've always loved books.
How are we different from traditional publishers?
We definitely distinguish ourselves from other traditional publishers in the sense that we are not them and we're not trying to be them. We don't follow the same practices they do. We're very big thing in the culture spirit, take a lot from the self publishing world in terms of innovation and independence and relying on the authors to be very engaged in the process. Not only producing their books but marketing their books because it's really not a lot of people who want to hear from the publisher.
I'd like to partner with somebody who want me to guide him what he needs to do as an author. So that's kind of partnership thing ... a heavy collaboration is a lot better than doing it by the author himself.
Success Co-op model for authors
I've managed to connect with authors who are not only passionate about their books, but they're really connected to me and to the company and they want to see the company as a whole succeed. They want to see their fellow authors succeed, which has just been amazing and incredibly rewarding. So, I decided to capitalise on that and evolved into what I'm calling a co-op model, which is now where I have each other a prescribed role in either supporting each other or supporting the company.
Meredith's Most Favourite Quote
"If you don't like something, change it. If you can't change it, change your attitude."
- Maya Angelou."
Want to know more about Meredith?
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Jack HM Wong Is an author of his Amazon bestselling book Cracking the Entrepreneur Code: 7 Tips to Build the Business You Always Wanted. He has been featured on CBS News, Fox, ABC News and NBC News. His mission is to improve the quality of lives of over 1 million people worldwide. His message to people who are stuck in the rat race is straightforward - "Anyone can start Any Business, Anyhow, Anywhere and Anytime".
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