To make improvements, one must know the value of time. Time is the one thing that does not change in any business. We are each given just 24 hours in a day – 1,440 minutes.
One minute does not seem like a lot in the scope of things. How often has someone asked you, “Hey, have you got a minute?” They don’t really want a minute. That minute will quickly turn into 10 minutes or longer.
How much is a work minute really worth? Do you know what a minute of productivity costs on your press? Of course, you may think that it depends on how much you charged for the work being done at any given time. How many times have you made a print and said to yourself, “There’s another $7 in the bank!”
However, it’s not based on what is on the press. It is based on your total overhead and operating costs. No matter if you are a one-man manual shop or a multi-automatic shop, the more details you know about your costs the better job you can do in your marketing, sales, customer relations, and production. Don’t leave money on the table – put it in your pocket!
You can use this simple-to-use spreadsheet to evaluate your hourly shop rate. Just plug your costs in and it will do the rest for you. It will give you:
- Hourly Operating Cost
- Hourly Operating Cost of the Press
- Cost per Impression
- Net Profit Margin per Impression
- And much more
If you are having problems with pricing your printing, you will find this a great tool. Simply plug in the number of impressions an hour and the expected margin and it will give you the price to charge per impression and the profit margin you will make for each print.
You can also use the spreadsheet to see the value of adding an additional press and operators, or adding to your own salary. Is your rent going up? Check to see what it will mean in terms of your pricing each impression.
You do not want to be without this valuable tool.
Format: Excel Spreadsheet
File Size: 34kb
Print Length: 1 page
Publisher: Solutions Publishing
Sold by: ScreenprintBooks.com
Author: Bill Hood
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