Still on the fence about financing? Abate some of your apprehension by reading five key ways financing can make a positive difference in your small business.
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Are you wondering how to sell t-shirts online? Having a thriving online Direct To Garment (DTG) business is now more viable than ever with new advancements in the technology. New high end printers, purpose built for garment printing are more affordable and easier to operate and maintain, which means less downtime and more reliable production. Equipment reliability is essential to success in DTG to deliver product affordably, quickly, and on time is critical to selling products online.
As most apparel decorators know, owning and operating an embroidery or apparel printing business doesn’t necessarily make you a business financing expert. But guess what? Lenders don’t expect you to know everything. A good lender knows that while you’re the business expert, they’re the financing experts, and it’s their responsibility to find the best financing solution for your small business.
Money is an emotional subject. It affects how we live and work and how we make many of our decisions in life and business.
Whether you’re at the beginning stages of launching a startup embroidery business, or debating on buying a second machine, it’s always a good idea to brush up on your definitions and the key differences between consumer and commercial embroidery machines.
As your sales continue to grow, you approach a point where you reach capacity on your existing embroidery equipment. You now realize that you need more capacity to handle the volume and maintain quick turn times on your customer’s orders. It may be the right time to commit resources to adding one or more heads to your embroidery operation.
Let’s explore several points we should consider at this juncture:
1) Are we at embroidery machine capacity?
“Screen printing is a dinosaur.” I heard that in 2007 when I bought my first DTG printer from the production manager of one of the largest screen print outfits in the country.
There have been some amazing advancements in recent years in screen printing but my friend was right, screen printing has its limitations in the modern garment decoration world.
You simply love having the ability to take simple threads and weave them into something useful, beautiful, or meaningful. Now, how can you take your passion and skill for embroidery and make money with it? Whether you are just starting an embroidery business or you have a rather successful business in place, increasing your sales needs to be a marked effort, something you put time into achieving.
You do not need a massive marketing budget to spread the word about your garment printing business. Building industry relationships, a website, basic knowledge of online marketing, and creative prospecting can take your business to new heights.
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I’m sure this question has crossed the minds of every embroiderer - from start-up entrepreneur to seasoned professional. The temptation to save a significant amount of money on what is more than likely your largest expense (equipment) definitely warrants research.
When a typical start-up embroidery company opens its doors for the first days of business the staff usually consist of a single entrepreneur or sometimes a couple of good friends who form a simple working partnership. These dedicated individuals work long hours and often perform a plethora of duties which include selling, purchasing, accounting, operating an embroidery machine, and finishing and engineering just to name a few.