price for profit
something that makes sense. In our example, let’s say that the number is $50,000.
From there, it is a simple math equation. $50,000 / 376,433 = $0.13. Therefore, for this part of the 5 Bucket cost analysis, we would use $0.13 per impression to add to the total. That way, at the end of the year if your shop produced 376,433 impressions there would be $50,000 available as profit. It is a “pay yourself first” strategy. Does this mean that’s all the profit? No. It is simply a way to make sure there is something there for you later.
So let’s take a look at an example shop’s data and then start loading your own to find your shop’s Cost per Impression .
Click Here to grab the Example Cost Spreadsheet.
This is a template that you will be able to use to input your own data to be able to calculate your Cost per Impression. But before you start loading your information, let’s take a look at the spreadsheet with a quick overview. For starters, this information is just an example. I’m sure your shop’s data will be different. Don’t compare. Your results could be better, or they could be worse. Whatever your results, it is OK because these are your results. That’s the most important part. Just getting a handle on your own performance. The first step in changing anything is simply understanding the problem. That’s what we are doing here. For each of the five buckets described above, you will see the corresponding cells on the worksheet with a data amount in each cell. With monetary totals, the number in the cell represents the total for whatever the category may be. For example, for Consumables that could represent purchases made from eleven different vendors. Just use the total for all eleven. For Impressions , each cell per month represents the total amount of work completed per Impression for that particular month. Remember, an Impression is one decoration event . A order that has a left chest and a full back has two impressions. This is not the total amount of shirts decorated.
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