"He who marches out of step hears another drum." ~ Ken Kesey
I have no problems with the idea of financing a press, but right now I'm pretty sure I wouldn't qualify. It is probably for a different thread, but how does one make the leap from manual to auto without stellar personal credit to back up the financing. Mine really isn't great for this reason and that (nothing terrible, just nothing great like a car loan or home loan and few credit cards). I feel like I have more than enough work to take advantage of an auto, and the time savings on some jobs would be astronomical, which would actually let me catch up and go make sales, but right now I feel like I am maxed out with what I can produce in the time I have, and I am making enough for me, but just don't see how adding another person would double my revenue. It would gain me maybe 25-30% more in time and revenue based on what I see when I do bring in help.Always looking for the elusive cheap auto, but that just doesn't look like a reality any time soon.
Quote from: mimosatexas on October 25, 2014, 04:02:45 PMI honestly dont know how any shop could support multiple people without an auto. I barely make enough right now to take care of my bills and my family and i work my ass off.When I first started, I was the first hire, had no previous t-shirt experience, but had printed with flatbed presses, and made screens and worked in a darkroom, so I wasn't a complete noob. We had one Vastex manual and a homemade one color press. 5 people and one part-timer. This with slow production. Then we had a new hire who had worked in a large, large shop, who showed us what the speed table was for. So for one color printing, there was a printer, a loader, and an unloader on the press, plus a catcher. 300 per hour easy. Holy Spit! Multi color job, 2 people because the unloader had time to load as well. Went a whole summer like that, made some good money that way. By the time we got our first auto, we were already flying fairly high. I think my friend, that you aren't spending enough time printing. If you're not printing, you're losing money; think of how all of your variable and fixed costs are still there when there is no printing; rent, phone, insurance, yada yada yada... If you had 5 more hours printing a week, how would that help your bottom line? You can make the move, it's been done many times...Steve
I honestly dont know how any shop could support multiple people without an auto. I barely make enough right now to take care of my bills and my family and i work my ass off.
I'll start looking into it, possibly a part timer at first to help with some of the low skilled stuff. I was really hoping to automate before hiring anyone honestly, but getting the auto is proving more difficult than I had hoped. My current shop doesnt really have the proper electrical, which means moving, which means all those expenses and time. I'm going to give it another 6-8 months and see where I am and probably move and hire a part timer and hopefully by that time either be able to afford an auto or have found a great deal on a used one as a stop gap.
And if you get some low end employees to get started, they can be cross trained to do more work while you do the sales that will drive your operation.Steve
Quote from: Sbrem on October 27, 2014, 12:09:01 PMAnd if you get some low end employees to get started, they can be cross trained to do more work while you do the sales that will drive your operation.SteveJust make sure you do the math on this.....For some this idea turns out making them "poorer" because at the end of the day they were paying wages instead paying for equipment.....