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Content provided by Cole Lundstrom & Gavin StGeorges, Cole Lundstrom, and Gavin StGeorges. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Cole Lundstrom & Gavin StGeorges, Cole Lundstrom, and Gavin StGeorges or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
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Episode 96: How to be PROFITABLE and not just busy in your print shop.

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Manage episode 464305188 series 2882564
Content provided by Cole Lundstrom & Gavin StGeorges, Cole Lundstrom, and Gavin StGeorges. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Cole Lundstrom & Gavin StGeorges, Cole Lundstrom, and Gavin StGeorges or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

In this conversation, Cole Lundstrom, Gavin StGeorges, and Nick Gawreluk discuss the common challenges faced by print shop owners in achieving profitability. They explore the importance of understanding costs, pricing strategies, and the contribution margin as key factors in running a successful printing business. Nick shares insights from his extensive experience in the industry, emphasizing the need for clarity in financial data and the role of software in providing actionable insights. The discussion also touches on the future of data and AI in the printing industry, highlighting the potential for improved decision-making and profitability.
Interested in Print Profit?
https://www.printprofit.com/cole
Powered by Seps.io and Merch Troop

Takeaways
Understanding your costs is fundamental to profitability.
Sales figures can be misleading without profit clarity.
Contribution margin helps determine the true profitability of jobs.
Overhead costs must be factored into pricing strategies.
Contract printing can fill capacity but should be evaluated for profitability.
Data-driven insights can enhance decision-making in printing businesses.
Software tools can provide real-time financial insights.
A pricing matrix should be flexible based on market conditions.
AI can automate data analysis for better business insights.
Team alignment on financial goals is crucial for success.
Keywords
printing, profit, pricing strategies, contribution margin, overhead, contract printing, software, AI, financial insights

  continue reading

146 episodes

Artwork
iconShare
 
Manage episode 464305188 series 2882564
Content provided by Cole Lundstrom & Gavin StGeorges, Cole Lundstrom, and Gavin StGeorges. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Cole Lundstrom & Gavin StGeorges, Cole Lundstrom, and Gavin StGeorges or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

In this conversation, Cole Lundstrom, Gavin StGeorges, and Nick Gawreluk discuss the common challenges faced by print shop owners in achieving profitability. They explore the importance of understanding costs, pricing strategies, and the contribution margin as key factors in running a successful printing business. Nick shares insights from his extensive experience in the industry, emphasizing the need for clarity in financial data and the role of software in providing actionable insights. The discussion also touches on the future of data and AI in the printing industry, highlighting the potential for improved decision-making and profitability.
Interested in Print Profit?
https://www.printprofit.com/cole
Powered by Seps.io and Merch Troop

Takeaways
Understanding your costs is fundamental to profitability.
Sales figures can be misleading without profit clarity.
Contribution margin helps determine the true profitability of jobs.
Overhead costs must be factored into pricing strategies.
Contract printing can fill capacity but should be evaluated for profitability.
Data-driven insights can enhance decision-making in printing businesses.
Software tools can provide real-time financial insights.
A pricing matrix should be flexible based on market conditions.
AI can automate data analysis for better business insights.
Team alignment on financial goals is crucial for success.
Keywords
printing, profit, pricing strategies, contribution margin, overhead, contract printing, software, AI, financial insights

  continue reading

146 episodes

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