This section of the forum is for discussing the business and finance issues of the t-shirt industry. Which business structure to use (sole proprietor, LLC, S Corp, etc), how to handle billing, where to register your business and get the proper licensing, etc.
My businesses are thriving... If you offer several good USP's, good quality, good value and exceptional customer service & support... you'll never fear poor economic conditions.
Cheers,
Ron
We started in a bad economy so our business doesn't know anything else. We actively go out and seek work, so we've been growing from the start. If we had started in better economic times and had a thriving business I'm sure business would have dropped a bit, but it hasn't affected us.
A handful of the stores we distribute to have shut down, so that's been a little disappointing to say the least. We contract out most of our product lines, and it seems printers have become more competitive in their bids for work. I spoke with a couple of business owners who told me they've had to be very negotiable with their pricing because they would rather sell that extra capacity @ lowered costs than let employees go.
Its times like this that real opotunitys arise we lowered our prices and put a little stimulis package togather plus we started new products, even custom everything. were not making what we were but lt is what it is
Past couple of years during this time of year (fall & winter has been pretty busy), but it has come to a halt this year right before Halloween which is when it got cold.
However, we have been up in sales each month this entire year compared to last year. So, I can't tell if the economy is effecting this winter, or if it's just cause it's winter.
I have noticed that customers are being a bit more picky in what they are spending money on and also notice shops are underbidding quite a bit.