HOW TO GET INVOLVED IN THE PRINTING INDUSTRY

                                                

No matter what type of printing business you want to set up or run, the client’s requirements remain the same:

  • quick turnaround times;

  • competitive pricing; and

  • professional service.

Your client’s loyalty will depend on meeting the above demands as well as the quality of your prints.

SERVICES YOU CAN OFFER:-

Many exciting opportunities exist in the printing industry that include:-

  • Textbook printing;

  • Magazines;

  • Marketing Documents;

  • Printing of Business Cards;

  • Printing Invitations;

  • Advertising Pamphlets.

Value Added Services:-

  • Designing;

  • Binding;

  • Laminating;

  • Embossing;

  • Couriering.

To accomplish this companies started offering:

  1. signage printing;

  2. poster printing;

  3. photo printing; and

  4. t-shirt printing.

Although you could start and run your printing business on your own or with a partner, a better option might be to go the franchise route. Franchise Companies built up a good reputation in the printing industry. They also sourced the best deals for quality machinery and paper products, have good support systems in place and offer training on equipment and even business management. Furthermore, work can be outsourced between various branches and provinces thereby keeping it in the group and building on the group’s reputation as a professional unit.

Technology has enabled printing companies to speed up processes. They can receive material from clients, via email during day/night and then printing directly from the applicable file. The ability to receive files via electronic mail also means that services can be extended nationwide, with turnaround times remaining high. Your best chance and sometimes the only one in securing a job is during the quotation stage. To enable you to calculate a competitive price, you need to know certain facts upfront:-

  • number of pages;

  • whether double- sided printing is necessary;

  • type of paper (weight, grade, color and finish); and

  • if binding is required.

It is also important to enquire if any value added services such as lamination or couriering, is required. The printing industry is a creative one and there are no room for errors, therefore an eye for detail is vital. Furthermore, a prospective printer should be able to work tight deadlines, be able to cope with stressful situations and enjoy working with people.

OFFERING PROFITABLE SERVICES

Choose a Business Location

To start a profitable and successful printing business, you’ll need to choose a location that will work for you. Look for a place that is within your budget and that is easily accessible to customers. You can look at locations online or hire someone to help you find the perfect location for your business.

Turn printed items into products by creating a menu of what you offer.

When it comes to printing, most people or business owners don’t know exactly what they need. For example, a food manufacturer might think they need a traditional vinyl banner for an event but they don’t understand the pitfalls of using it in various scenarios. What they really need is a portable tabletop sign that can be utilized at events, sales meetings, and other public awareness activities. The more customers understand what a product can do, the happier they will be with the finished product.

Promote your new print shop.

Once you start a printing business, you need to get the word out to bring in sales. Join your local chamber of commerce, sponsor community events, and advertise in your local newspaper. Also, don’t forget to promote yourself online by building an effective website, participating in  industry forum discussions, and taking steps to distinguish yourself from local and nationwide competition.

 

NEED HELP WITH A PROFESSIONAL BUSINESS PLAN – CONTACT US NOW AT – 084 583 3143 OR money@global.co.za

 

 

 

 

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HOW TO START A GUESTHOUSE OR B&B

                                  

1. FORMULATE THE CONCEPT.

Clarify in your own mind the type of establishment you would like to develop.

Decide on your objectives:

  • Is the objective to be host to visitors from abroad?

  • Will local tourist be welcome?

  • Will children be welcome?

  • What kind of accommodation do you intend to offer?

  • Is your objective primarily to make money by taking in guests or are you also interested in the social aspects of the venture?

Factors to be considered:

  • Changes to your daily routine.

  • Intrusion upon your privacy.

  • You will have to be available 24/7.

  • As the entire family will be affected by a business of this nature, canvass the support of family members.

Location of Establishment.

Location is of major significance and factors influencing this include:

  • Proximity to popular tourist attractions, conference facilities etc.

  • Location along tourist routes.

  • Proximity to alternate affordable accommodation.

  • Easy access.

  • Good visibility.

2. CONDUCT FEASIBILITY RESEARCH.

Thorough research should be undertaken before deciding whether to embark on the project. A concise, well formulated feasibility analysis serves a dual purpose –

(1) It marshals the thought and ideals of the developer -:

  • Does the prospective developer have the right temperament to run the enterprise?

  • Were all organizations approached for relevant information?

  • Did the developer carefully consider the cost and other implications of admitting overnight guests to his/her home?

  • Are calculations of expenditure versus envisaged income realistic?

  • Is trained staff readily available or will additional tasks be handled by the developer?

(2) It serves as a document to convince others of the viability of the project:-

  • To obtain financing if necessary.

  • To convince suppliers and possibly a partner/s.

  • To convince the family who will be affected by the enterprise.

The following elements should be included in the feasibility analysis:- (We strongly suggest you approach a small business institute or advisory bureau to assist you)

Competitive Analysis.

  • Do similar facilities exist in the immediate vicinity?

  • Where are they located?

  • At which markets are they targeted?

  • Could there be a market overlap with your envisaged establishment?

  • Is there a market need for your establishment?

  • What percentage of the overall market do you expect to draw?

Financial Analysis.

Clearly determine the objective of the business – project income and expenditure scenarios – investigate the availability of trained staff, if required – approach small business consultants to provide you with advice if at all possible.

3. DRAW UP A WORKING PLAN.

After researching all aspects pertaining to your project draw up a working plan and include the following:-

  1. Daily running of the establishment.

  2. Financing the facility.

  3. Legal Matters.

Daily Running of the Establishment.

In the daily running of the establishment acceptable standards should be maintained. Particular attention should be paid to the following:-

  • Staff must be well trained.

  • Neatness is of the utmost importance.

  • Quality equipment – towels, bedding etc must be provided – also consider extras such as special soap, shampoo etc.

  • Furniture, fittings and fixtures must be of good quality and in working order.

  • Building must be well maintained.

  • Rest rooms and other public amenities should be cleaned regularly and kept tidy.

  • Provision must be made for guest parking. This is of utmost importance to the business and self-drive traveler.

  • Bath and toilet facilities must be serviced daily.

Handling of guests.

  • Aspects such as welcoming, friendliness, warmth and hospitality are the cornerstones and key features of the hospitality industry.

  • Cultural differences must be considered.

  • Language proficiency is an advantage.

  • Knowledge of tourist attractions in the immediate vicinity is an important requirement.

  • Telephone numbers of emergency medical services must be readily available to guests.

  • There must be no confusion with regard to meal times, coffee and tea times, provision of keys and other relevant matters.

  • Courtesy and punctuality are very important.

Financing of the facility.

Three possibilities for which financing may be required:-

1. If the property is suitable for the purpose and meets the requirements, only a small capital expenditure may be needed for furnishings and refurbishing, including linen.

2. If the property does not meet the requirements, structural adjustments may be necessary such as outbuildings, outer doors, etc. It may also be necessary to enlarge or improve the kitchen and dining room facilities and to build additional parking facilities.

3. If the property must still be purchased or developed, a large capital expenditure may be required.

Where necessary, provision must be made for:-

  • Transfer fees.

  • Bond fees – registration etc.

  • Attorney fees.

  • Property Valuation Fees.

  • Inspection Fees.

  • Insurance.

  • Issuing Guarantees.

  • Cost of Drawing up contracts.

  • Purchasing furniture, linen and fittings.

Beware of an unprofitable investment. The potential income must be weighed carefully against the interest on the investment, both in the short and long term.

DO YOU NEED HELP IN ANY AREA OR A PROFESSIONAL BANKABLE BUSINESS PLAN CONTACT US AT : 084 583 3143 or money@global.co.za

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