Printing Impressions

You will be automatically redirected to piworld in 20 seconds.
Skip this advertisement.

Advertisement
Advertisement
 
 

‘Printers Continue to Dig Their Own Graves’ —Michelson

January 2010
2
Get the Flash Player to see this rotator.
 

Vista's president already knew that the real profits lie in value-added services built around its press work. "By providing true turnkey services, we can and do earn a nice profit, and our diverse, yet synergistic, offerings provide stability for our business. From printing and mailing, to variable data campaigns, to packaging and point-of-sale, our goal is to cross-sell each of our accounts as many of our services as we can. We are considered problem solvers in their eyes, where printing is only part of the process. As a result, clients are willing to pay a bit more for our expertise," according to Rolfsen.

"I truly hope that many of the printers will wake up before they put themselves out of business. The hard reality is that the world has forever changed, and gone are the golden days of print," he concluded. "We still have 40 percent to 50 percent more capacity in the market than is needed, so perhaps the process of thinning the ranks is being hastened by those who would rather watch cylinders turn than earn a profit."

Sage business advice that fellow printers, both large and small, can take to the bank.


 
2

SPONSORED CONTENT

MORE ON BUSINESS MANAGEMENT >>

FROM THE BOOKSTORE

Whether it is a hard cover novel, a flyer in a retail store or your Sunday newspaper, behind every printed piece there are dozens of important decisions required to make sure it delivers the intended message. <i>Basics of Print Production</i> provides an overview of the steps required to make a creative concept into a printed piece, including:
• Developing preliminary and final specifications for a print project
• Determining the size and format for a printed piece
• Acquiring, scanning, and proofing images
• Building the print-ready digital mechanicals
• Printing, binding, and finishing the piece
• Packing and shipping the piece to its destination

Being aware of the basics of a process helps everyone who is involved recognize the time and cost factors as well as the influence of each decision or step on the overall process. This book provides the reader with practical tips and guidelines on each step in the production process. Best Practices for Print Automation

Whether it is a hard cover novel, a flyer in a retail store or your Sunday newspaper, behind every printed piece there are dozens of important decisions required to make sure it delivers the intended message. Basics of Print Production provides an overview of the steps required to make a...

ORDER NOW

The graphic communications industry is facing some very serious challenges, but that doesn't mean there isn't still a lot of life and opportunity in our future. 

Competing for Print's Thriving Future focuses on how printers can create their own positive future by understanding and taking advantage of the emerging changes — the changes that are shaping the printing industry of today and tomorrow. 

Use the research, analysis, and forecasts in this book to: 
• Assess the changes taking place
• Understand the changes
• Design a plan to deal with the changes

Topics include: 
• Economic forces, life cycle, and competitive position
• Place in the national and global economies
• Industry structure, cost structure, and profitability trends
• Emerging market spaces--ancillary and print management services
• Competitive strategies, tactics, and business models
• Key practices of SuperPrinters
• Combating foreign competition
• Social network usage
• A ten-step process to survive and thrive Competing for Print’s Thriving Future

The graphic communications industry is facing some very serious challenges, but that doesn't mean there isn't still a lot of life and opportunity in our future. Competing for Print's Thriving Future focuses on how printers can create their own positive future by understanding and taking advantage of the emerging changes...

ORDER NOW

 

COMMENTS

Click here to leave a comment...
Comment *
Most Recent Comments:
Tim Rolfsen - Posted on February 26, 2010
A key point that for space purposes was not included in my comments is that by selling at irrationally low prices the business owner reduces the future value of his/her enterprise. I like many other business owners plan on selling my business some day, but to receive a good price I must show the ability to generate profit and cash, the two key measuring sticks in valuing a business. Top line sales means little to a buyer that uses an EBITDA or cash flow model to value a business. You must show that your accounts are capable of producing enough cash to pay for the acquisition, let alone create additional cash flow.
Andrew Griffin - Posted on January 29, 2010
Tim, You are right on in your comments and concerns here and for the rest of the pack - it is best to listen up... "Cylinders turning on no profit" breeds only one thing for you and I, Tim - Less competition, thus more work, in the future. Hang in there and keep doing what you are doing. Yes, it is truly frustrating now, as business owners lose all sense of business finance out of pure desperation, but hold steady the ship and you will be around to perhaps see a better day... Thanks for the article and for taking a stand.
Click here to view archived comments...
Archived Comments:
Tim Rolfsen - Posted on February 26, 2010
A key point that for space purposes was not included in my comments is that by selling at irrationally low prices the business owner reduces the future value of his/her enterprise. I like many other business owners plan on selling my business some day, but to receive a good price I must show the ability to generate profit and cash, the two key measuring sticks in valuing a business. Top line sales means little to a buyer that uses an EBITDA or cash flow model to value a business. You must show that your accounts are capable of producing enough cash to pay for the acquisition, let alone create additional cash flow.
Andrew Griffin - Posted on January 29, 2010
Tim, You are right on in your comments and concerns here and for the rest of the pack - it is best to listen up... "Cylinders turning on no profit" breeds only one thing for you and I, Tim - Less competition, thus more work, in the future. Hang in there and keep doing what you are doing. Yes, it is truly frustrating now, as business owners lose all sense of business finance out of pure desperation, but hold steady the ship and you will be around to perhaps see a better day... Thanks for the article and for taking a stand.