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price for profit
COMPLETE THE WORKSHEET Now, complete the rest of the worksheet. In our example, so far we have only used one decoration method, screen-printing. To add more than one decoration method, simply fill out the cells for the total number of impressions decorated by the new method. For our eBook example, I added impression totals for the year 2017. The shop has grown since the data we looked at previously from 2014.
In Column O are the percent totals for all of the Cost Buckets and also the Decoration Methods . Reviewing these percentages helps you understand where you are spending your money as it relates to the whole. In any business Labor is the largest variable that needs oversight. For this example shop, Labor was 83.18% of their total cost. This is why any tool, app, gizmo or improved process that you can implement in your shop to save Labor will help keep this figure in check. For this particular example, we can also see that Screen-printing was 74.5% of their overall production. While Embroidery added up to 23% of the total, using a Heat Press or DTG wasn’t even 2% each of the overall total.
This type of data collection and review helps to understand how your shop functions.
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