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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.

How has the economy effected your business?



 
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Old November 9th, 2009 Nov 9, 2009 9:21:49 AM -   #1 (permalink)
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Default How has the economy effected your business?

How has the economy effected your business?
 
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Old November 9th, 2009 Nov 9, 2009 10:43:09 AM -   #2 (permalink)
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Default Re: How has the economy effected your business?

Not at all i drive this to work
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Old November 9th, 2009 Nov 9, 2009 11:51:46 AM -   #3 (permalink)
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Default Re: How has the economy effected your business?

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.
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Old November 9th, 2009 Nov 9, 2009 1:22:15 PM -   #4 (permalink)
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Default Re: How has the economy effected your business?

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.
 
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Old November 9th, 2009 Nov 9, 2009 6:51:02 PM -   #5 (permalink)
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Default Re: How has the economy effected your business?

Are you finding buyers are slower to decide when buying?
Are they spending less per item?
 
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Old November 9th, 2009 Nov 9, 2009 7:46:24 PM -   #6 (permalink)
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Default Re: How has the economy effected your business?

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.
 
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Old November 9th, 2009 Nov 9, 2009 8:39:21 PM -   #7 (permalink)
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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
 
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Old November 9th, 2009 Nov 9, 2009 9:32:12 PM -   #8 (permalink)
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Default Re: How has the economy effected your business?

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.
 
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Old November 10th, 2009 Nov 10, 2009 10:26:44 AM -   #9 (permalink)
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Default Re: How has the economy effected your business?

@ Rexx - That's a fancy ride
 
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Old November 10th, 2009 Nov 10, 2009 10:27:44 AM -   #10 (permalink)
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Default Re: How has the economy effected your business?

@ Big Frog - What are USP's?
 
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Old November 10th, 2009 Nov 10, 2009 10:29:06 AM -   #11 (permalink)
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Default Re: How has the economy effected your business?

@ Pwear - Sounds like you are on the right track
 
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Old November 10th, 2009 Nov 10, 2009 10:30:24 AM -   #12 (permalink)
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@ GenApparel - NYC that must be some high rent
 
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Old November 10th, 2009 Nov 10, 2009 10:31:56 AM -   #13 (permalink)
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Default Re: How has the economy effected your business?

@ theboss - What do you mean by custom everything?
 
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Old November 10th, 2009 Nov 10, 2009 10:33:09 AM -   #14 (permalink)
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Default Re: How has the economy effected your business?

@ TshirtGuru - What's your plan if the sales aren't there?
 
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Old November 10th, 2009 Nov 10, 2009 10:34:14 AM -   #15 (permalink)
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Default Re: How has the economy effected your business?

We are very busy with small high profit jobs.
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