Much smaller print shop here, but I feel everything Cole is saying. 2018-22 we grew like crazy, every year 30-50% increase. But with that comes more people, more equipment, rent goes up, loan rates have gone up. While at the same time, print shops are somehow printing stuff for pennies as he mentioned. The stress really does mount and its a fight to pay the bills, pay your team, and at the end of it all it doesnt seem worth it. As Cole mentioned, being the one that does it all, I can relate as well. Sales, art, over seeing the team, its a lot. In your 20s, its fun and cool and you feel like youre becoming a proper businessman.. In your 30s with a kid, a mortgage, more bills, it just seems like unnecessary stress. I actually have talked about selling my company for about 6 months now. This was a great podcast and i related to 100% of the stuff Cole was saying. Well done all three of you.
It was such a great conversation. This was a masterclass for shop owners. Most people wouldn't reveal this information because they fear judgment. Cole brought it here, and it will help so many people and shop owners avoid damages while building their businesses.
Cole is clearly an incredibly sharp and accomplished businessman. Glad he was able to pivot to serve as a consultant as his experience and knowledge is invaluable.
Thank you Cole for doing this interview. I feel the same way most times and I am so appreciative to hear that I’m not alone in this. And for giving approval in a way to the rest of us to look at that as an option. This has been the most meaningful podcast on this channel to me. Thank you.
We’re in a similar situation. Almost 20 years in business, first year (besides 2020) that we will see a decrease in revenue. Expanded space and investment in new equipment right before we saw the numbers decline. Working on ways to pivot so we don’t have to scale back. Still profitable, but if we see another drop in 2025 it is going to mean we have some hard decisions to make.
Exactly what's happened with our government and most corporations. The monster is so big and requires so much money (feed the monster) that everyone suffers.
That’s crazy, I always loved his shop and was impressed with the huge shop they moved to here in the OC. It seems his customer base was mostly Marketing Agencies that bring in huge jobs but want them for Pennies.
Spot on! Good job Cole, I've been there and done that. We have such an identity wrapped in our business and want to love our employees but the race to the bottom is real. You now have a doctorate in survival and business!
I just purchased a 8 color 6 station Riley Hopkins press, and instantly started getting videos such as “screen printing is dead “ I’m hoping to find success in this industry.
Appreciate this guys! Sad hearing this story because we're seeing what happens when the government gets involved with small businesses. Especially re: minimum wage.
Very confusing......did he post a video somewhere else about this, and you had follow up questions? Or was this the announcement? Suggestion fail. nobody introduced themselves or anything. Always remember, this might be the first video someone sees of yours.
@@stevenfarag6673 meh... if I am watching a printavo video and don't know who you are, I am most likely here for its content anyways don't really care who it is. (even though I'm OG before you hit youtube) Common knowledge to see any of the 10+ links under the video too
We’re in a similar situation. Almost 20 years in business, first year (besides 2020) that we will see a decrease in revenue. Expanded space and investment in new equipment right before we saw the numbers decline. Working on ways to pivot so we don’t have to scale back. Still profitable, but if we see another drop in 2025 it is going to mean we have some hard decisions to make.
