Are Associations Meeting the Needs of Members?
Printers Place High Value on Research Studies
According to Latest Survey by QP Consulting
By John Stewart
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Printers in our industry, at least the 163 firms who responded to our most recent survey, told us they still place a high value on research studies, as well as surveys and polls about printing related topics. In fact, those two services, combined with the desire to share “confidential information” with fellow members, receive the highest ratings when compared to other services typically offered by trade associations, according to our latest survey. Continue reading
Leaders vs. Laggards in the Printing Industry
I’ve been actively involved in the printing industry since the early 1970s, so I guess you would definitely consider me an “old-timer.” Although relatively old in terms of physical age, I believe I am younger than most in the industry in terms of my enthusiasm for the industry and the belief that one can still make a very, very good living as the owner of a printing firm.
Sure, the industry has changed dramatically in terms of how we produce many of our products and services. But for every AB Dick or Ryobi press sitting idle back in the corner gathering dust, there is a digital printer up front that is probably producing an array of high quality printed products that would have been unheard of less than 10 years ago. But this article is not meant to address how much things have changed, but rather how much some things have remained in terms of key ratios and profitability. I think you will be quite surprised about some of the facts and figures revealed in the remainder of this article. Continue reading
We developed this Financial Goal sheet a number years ago based upon a template we found in another industry. As you know, the printing industry was one of the first industries in the U.S. to actually collect and share financial ratios for operating a profitable printing businesses. I have authored, along with my good friend Larry Hunt, more than 16 Financial Benchmarking Studies, and the data presented on this goal sheet is based upon these financial benchmark studies.
Click Photo to download PDF of this chart.