Well . . . the good news is that the business (which includes both editing/consulting and publishing sides) was profitable for 2008 The bad news is that the profit is tied up in inventory. (Oh, the other bad news is the taxes paid on the profits -- both income tax and social security tax. It adds up.) Oh, well, hopefully I can convert inventory into sales.
This is all a learning experience.
Anyway, all done and I'm in a better for recordkeeping for this year, I think.
Takeaway for lurkers: running a business, even a small one, brings a host of new complications to your life. Selling goods adds more complications. Keep that in mind if considering self-publishing. Publishing books by others adds even more complications (agreements/contracts; royalties; more complicated record-keeping).