price for profit
I’ve highlighted in yellow some key data points to keep track of for the year as you add information to the worksheet. These cells are B30, N7 and N14. B30 is the current Cost Per Impression average total for your shop. As you enter information, this will change. At the end of the year, this cell will represent the total average for that year.
N7 is the total costs that it takes to run your shop. This is the sum of all of your Overhead, Labor, Consumables, and Energy Buckets.
N14 is the total Impressions , which represents all of the work your shop produces, regardless of decoration method.
Keeping an eye on these three points as the year progresses can help you understand your shop’s performance. Want to improve? The first step in managing anything is measuring what’s going on. This worksheet is a great starting point for that benchmarking effort. For best results, I would gather at least three years worth of this information, but five years is better. You want to see a track record and history. Some shops won’t have all of this. Or the information is stuck in a banker’s box underneath a bunch of who-knows-what. 3 USING YOUR DATA To start building your own center for measuring your costs the first step is to gather your data. Warning...This frankly is a pain in the butt. It’s not easy. Most people will struggle with this, so I just want to throw that out there.
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