Key Points The recent bank failures have caused quite a stir, marking even more uncertainty in the weeks and months ahead Consumers are steadily spending less, while lending standards are getting tighter, making it harder to expand your business The likelihood of a recession starting is getting higher; be frugal with your print shop’s finances …
Several financial institutions have found themselves in dire straits recently, and you’ve undoubtedly seen many news articles covering these events. Even though various outlets say this might not be good news, how big of a deal is it to you as a print shop owner? The answer? Not much, thankfully. What Exactly Happened? It all …
Bank Runs and You: Does This Affect My Print Shop? Read More »
Running a print shop isn’t solely about selling your goods and services to customers. With all the supplies and materials you need for your decorative printing services, you’ll need to store them and manage your stock levels consistently. How you manage your inventory can depend on many factors: how do you store your inventory, for …
Key Points Applying the HOPE framework to 2023’s economic climate indicates that a recession may be coming There’s still a great deal of uncertainty with which direction the market will go Prepare your print shop by making smarter decisions to futureproof against the adverse effects of recession Currently, the economy is in a sweet spot: …
How to Monitor and Prepare Ahead for a Recession Read More »
Key Points The economy is still looking strong, though consumer spending is slowly declining Stagflation is likely as growth begins to slow and prices continue to rise Print shops need to capitalize on current trends in events and fleece, and to start saving up for the future From our previous economic watch post, the US …
Key Points The overall economy is in a good place, but uncertainties still present a challenge Overall economic outlooks are still positive, even with high layoffs in the tech sector Job market remains strong, as is consumer spending Americans continue to be smart with their expenses, which can be beneficial in the long run Where …
Why You Should Ignore the Headlines About a Recession Read More »
Running a successful embroidery business can be a tricky thing to do. Of particular importance is how you set up your embroidery pricing for profit, especially with how costly and time-consuming embroidery can be to get from start to finish. Your embroidery machine and supplies don’t pay for themselves, after all. It’s easy to say …
Key Points The overall economy is in a good place, but uncertainties still present a challenge Increasing credit card debt and decreasing savings will slow down consumer spending Print shops should take advantage of the current economic climate to fill vacancies, bolster sales, and save up for a rainy day The economic outlook for the …
When it comes to picking out an embroidery machine for your shop, you’re pretty much spoiled for choice. There are plenty of reputable machine manufacturers to choose from, like Brother, Bernina, and Tajima. But with many factors to consider in a machine, which one is right for you and your business needs? Types of Embroidery …
Which Embroidery Machine Should You Choose for Your Shop? Read More »
The US consumer price index rose at a rate of 6.4 percent in January this year in contrast to a year earlier, a modest decline from 6.5 percent in December 2022. While it does signal that inflation is beginning to go down, Federal Reserve Chairman Jerome Powell warned that it will “take quite a bit …
Inflation is Slowing Down: What Does This Mean for Print Shops? Read More »
