The Tilt - Take Your Business on a Trip

Develop a business operations plan that will help achieve your business goals.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

AUGUST 8, 2023

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Welcome to The Tilt, a twice-weekly newsletter for content entrepreneurs.

BROUGHT TO YOU BY:


full tilt

Make an Operations Plan

A business plan is like a travel itinerary – it tells where you want to go. A business operations plan is like a digital map – it tells you how to get there and helps you get there more quickly by giving you a heads-up on traffic jams, road closures, and more. Here’s how to create it:

1. Excerpt your business plan, aka the Content Inc. model: Briefly detail your business mission, content tilt, target audience, and goals. These elements belong at the top because they are the foundational elements of your venture and should ground the operations plan.

2. Set three to five objectives: Goals usually are big-picture generalities. Objectives detail the thresholds necessary to realize those goals. Each objective should follow the SMART model – specific, measurable, achievable, relevant, and time-bound.

Pay close attention to “measurable” and “time-bound.” Your objectives must have numbers. Without a measurement number, you can never measure progress or success. Without a deadline, you never have to assess if you achieved the metrics. (And let’s face it, you’re a creator who lives life by deadlines. Without one, you’ll probably never do it.)

I recommend limiting the objectives to a few so you don’t get overwhelmed.

3. Document how to do them: Under each objective, detail what must happen to achieve it. What do you do first? And then? Include every step, no matter how small.

4. Assess each step: Estimate the resources necessary to accomplish each step. Include a range of hours for you or someone else to execute the task. Add a budget amount if you plan to hire someone else to do it. What technology will you need? If you don’t already have that tool, detail the cost. What else is necessary to complete this step?

5. Operationalize the work: Now that you know what needs doing and how it will get done, you can develop a calendar that unites everything that needs to get done to achieve your objectives. Don’t expect this process to go quickly. It’s a complicated puzzle to put together.

I recommend adding every step with its investment in the order you would like to execute them. Rank the priority of each one. A indicates a must-do at a designated time. B indicates some flexibility on when it can be accomplished. C means a task that can be done anytime within the objective’s timeframe.

Order them by priority and add the numbers (hours and financial) for each task. Then, map the tasks to a calendar based on your availability and ability to commit the necessary dollars. Review the calendar to see if it’s doable or if tweaks are needed.

6. Mitigate the risks: What could prevent you from achieving the objective? Is there a competitor heavily promoting a similar newsletter? Is your newsletter’s content – topics, format, etc. – still relevant for the audience? Do you have sufficient time to execute the tasks? What about the available budget?

With those potential hurdles in mind, develop a plan to reduce their negative impact.

7. Revise accordingly: The risk assessment could create more tasks to do or suggest a reconfiguring of priorities. If that’s the case, revisit steps four and five.

8. View your business operations calendar twice a day: Keep this map front and center as you go about your work. Review it when you start and end each day to assess what you need to do, what didn’t get done, and what needs to be revised for the next day or week.

A business plan is great. A business operations plan will let you get to where you want to go.

– Ann Gynn

Read the blog version for abbreviated examples for each step.


Supported by Lulu

“I see the most growth in my business when I'm actively working on a creative project and sharing the process in public, whether my last book or building courses or the recent podcast season I produced.” -Daren Smith, Craftsman Creative

Publishing a book is a powerful lead-generation strategy. As your fans read and share your book, new opportunities to reach a wider audience will present themselves. Learn how to use a book for lead generation to grow your brand and your bank account.


content entrepreneur spotlight

Entrepreneur: Zack Burris

Biz: Zack the Girl Dad

Tilt: Marriage and parenting humor

Primary Channels: TikTok (103.7K), Instagram (82.9K)

Other Channels: YouTube (169)

Time to First Dollar: 18 months when Swiffer DM’d him on Instagram

Rev Streams: Brand partnerships (Zack also has a full-time tech job.)

Our Favorite Actionable Advice:

  • Get a strategy: Zack followed TikTok trends to attract an audience. To retain his viewers, he created series, such as a collection of posts where he performs songs with his daughters’ toy xylophone.
  • Make full-time a goal: He creates his brand while holding a full-time job. But Zack’s goal is to make the content business his full-time job and grow an audience he can pass down to his daughters.
  • Protect your rights: Several companies have proposed giving them the rights to his videos so they can market them to media outlets and digital publications and split the earnings. Zack never says yes. He advocates for creators to retain the rights to their content.

– Sarah Lindenfeld Hall

Read more of Zack’s story.


things to know

Money
  • Bloxbuster: Almost all the top 500 creators on Roblox earned at least $140K since the beginning of last year. The platform plans to expand its payout possibilities, including selling subscriptions and real-world goods with an experience. (Lindsey Gamble)
    Tilt Take: Recurring revenue streams like paid subscriptions is a smart strategy.
  • 12 months to forever: X (formerly known as Twitter) revised its creator payout plan. It planned to take 10% after a creator’s first money-making year. Now, it won’t take that cut until the payout exceeds $100K. (Elon Musk)
    Tilt Take: That’s a potential $10K change for a creator. But few creators will benefit that much given the challenges of earning revenue on the platform.
Audiences
  • Less talk: Instagram now lets people send only one DM request to people who don’t follow them. It’s also limited these unsolicited DMs to text only. (Tech Crunch)
    Tilt Take: Creators who market using DMs should make sure that one outreach is impeccably compelling.
  • Gambling loss: Twitch’s crackdown on the promotion of gambling scams and related harms is working. Viewership has dropped on gambling streams by 75% since September 2022. (Tubefilter)
    Tilt Take: An audience drop isn’t bad when you’re doing the right thing.
Tech and Tools
  • Blog repurpose: Jetpack announced a new tool to turn blog articles into newsletters without cutting and pasting the text into a newsletter tool. (WP Tavern)
    Tilt Take: As big fans of newsletters and easier work, we like this move just like we did when WordPress announced a similar feature. But is it worth the 2% to 10% cut of your revenue?
  • Podtok: TikTok is messaging some creators on how to add podcast feeds to their TikTok via RSS. (Podnews)
    Tilt Take: Downloads and subscriptions are still better for the creators than having their audience listen through TikTok.
And Finally
  • New money: Shine Talent Group launched an angel investment fund investing in early-stage, digitally focused startups targeting the creator economy, women’s health, and other sectors. (MediaPost)
    Tilt Take: Congrats to co-founders Jess Hunichen and Emily Ward. They’ve been friends of The Tilt since its inaugural year when they talked to us about talent managers.
  • Taking stock: A writer of the article, Creator Economy: The Death of Modern Morality, included this statement: “However, all creators become reliant on platforms and their algorithms for visibility and income.” (Nasdaq)
    Tilt Take: That myopic view is certainly wrong and surprisingly common. But hey, the Nasdaq is talking about the creator economy.


the business of content


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