 If you are planning to get into the screen printing, t-shirt printing or sign making business, you may have asked yourself, is it better to start from scratch or buy an existing business?
Before you make your decision, consider some of the pros and cons.
0 Comments
 Choosing the right time and method for selling your company can appear to be more complicated than it actually is, particularly when you lack the ability larger corporations have to employ a team of professionals to do it all.
When your business is part of a niche industry such as t-shirt or screen printing, it may appear more difficult to find information relative to your target buyers. These five golden rules will provide guidance on what steps you should take to sell your printing business.  One thing most businesses would like to obtain are lucrative orders from the government. When most people think of “government orders” they typically think of the federal government.
Getting orders from the federal government can be very difficult due to the mountain of paperwork and other bureaucratic obstacles that are in place. An often overlooked type of government work is obtaining contracts from your local or state governments.  Always remember this important rule:
Never take on a job that exceeds your skill level. In good times or bad, most of us in the screen printing business are eager to take on new work. In bad times especially finding new jobs is often difficult.  Digital printing a.k.a. DTG (Direct to Garment Printing) is a method of decorating t-shirts using an inkjet based, computer driven printing machine.
If you are planning to start a new t-shirt printing business, you may be asking if digital printing is the best way to start rather than a traditional screen printing shop? Here are some facts about DTG printing you will want to consider before making an investment in the equipment.  One of the most important resources that you have in your t-shirt printing business are your employees. Whether you have only one employee or a hundred, your employees are very important to the success of your business.
Once you have invested in an employee's training, it is always in your best interest to retain an employee rather than have to replace one. Along with paying them a decent livable wage, there are a few little or no cost perks that you can offer that will keep most employees happy.  Since the onset of the Great Recession, many people now ask if a college education is still worth the expense.
For the purpose of this article, we'd like to compare the value of a liberal arts college education vs. investing in yourself by starting your own T-shirt printing business. We first published this article a couple of years ago, some people thought this article was ludicrous. Since then, many articles have been written about the "value" of going to college these days. It turns out that we were just ahead of the curve when we posted this article online.  Sooner or later in your career as a t-shirt printer, you are going to have a customer come along and make you an offer that appears to be one you can't refuse. You will often be presented with what will appear to be an extraordinarily profitable order, based on one or more of the following scenarios:
(a) A gigantic sized order that is beyond the capacity of your print shop. (b) An order with a nearly impossible production deadline. (c) An complex print, e.g. three or more print locations on the garment.  Someday the time will come when you are ready to sell your business.
Maybe you want to retire, have become ill, or maybe you're just ready to move onto other things. Whatever your reason, selling a business is an involved process. It can be made much easier if you follow some simple to follow steps. Read this article and learn how to get your business sold...  An economic downturn is a phase of the business cycle in which the economy as a whole is in decline.This phase basically marks the end of the period of growth in the business cycle.
Economic downturns are characterized by decreased levels of consumer purchases (especially of durable goods) and, subsequently, reduced levels of production by businesses. While economic downturns are admittedly difficult, and are formidable obstacles to small businesses that are trying to survive and grow, an economic downturn can open up opportunities. |
AuthorASPA Staff and others Archives
April 2023
Categories
All
|
RSS Feed