First, I feel that some explanations are in order. Why has The Gay Publishing Company seen so much delay in starting up? The truth is, we really do know what we’re doing! This is actually the third business that this management team has started: Freelance Library Services in 1987 and the-freelance-editor in the mid-1990s. So, we’ve been through the start-up phase before. The difference this time around is that, while we were able to self-fund those two earlier businesses, we were not able to do so this time around. Hence, the search for funders and loans, which started in October 2007.
At that time, the economy was not yet spiraling out of control and we had initial success. Our initial investors enabled the formation of an advisory board, the distribution of some early publicity, and the creation and launch of our Web site. Then, the freefall started and those investors recalled their funds. Since then, we’ve applied for bank loans (unfortunately, we are consistently turned down because our monetary needs are far below what they want to consider and we don’t anticipate hiring hundreds of employees in the immediate future) and continued to seek private investors. As you may remember, a few individuals provided new funds earlier this summer that allowed us to hire a legal team that filed our incorporation papers and reviewed our author contracts, to explore some social network marketing strategies, and to pay down some accumulating operational debts. With those funds, we had also hoped to launch our publishing efforts, a bold decision that relied on subscription income to balance the budget.
That decision seemed to have been a good one, and an August debut was announced for our virtual and print magazine; but, after about six weeks, subscription income started to dwindle off. That’s when the premier issue was delayed to October. I’ve just this past week been in contact with all subscribers, individually, to let them know of a new delay.
In light of our continuing economic issues, I am no longer comfortable in stating yet another new—and probably, again, overly optimistic—initial publication date. Instead, I am only going to tell you that we are striving to begin publication of edited works in the next several months; certainly by next spring.
Rest assured, I am as anxious to publish as you are to read!
Stephen, theGayEditor.com
–Editor/Publisher/Founder, TheGayPublishingCompany.com
the Gay Editor –at– Im Your Editor –dot– com
PO Box 1168, Orlando, FL 32802
phone/fax: 407-495-4801 (temporary)
