DigitSmith

Is bigger really better, all the time?

Reply
 
Thread Tools Search this Thread
Old February 20th, 2013, 10:30 AM   #1 (permalink)
nametags nametags is offline
Senior Member
Join Date:
Feb 2010
Posts:
211
Liked:
5 times
Default Is bigger really better, all the time?

Another mid level, local embroiderer/screenprinter/retail business, store front, went under in our area. The reason, as I understand it is: overhead too high, profit too low, to many employees, fighting low internet bids, and owners not in the stores when they should be.

They started as I have, from the home, and then to the flea market, and then to a store front.

Got more emb. machines, did heat press, promo products, ink jet printing, and had started DTG printing. Had a retail area as well.

They did well for a few years, then started hiring people to do the stuff they used to do, so they could take off and not work. The beginning of the end.

SO, is it true, that sometimes, bigger is not always better?

I'll think I'll stay small a little longer, and do what I'm able to do.
Send a private message to nametags ContactReply & Quote
Old February 20th, 2013, 12:40 PM   #2 (permalink)
crazy mike crazy mike is offline
Member

crazy mike's Avatar
Join Date:
Oct 2010
Posts:
51
Liked:
10 times
Default Re: Is bigger really better, all the time?

If the owner are not there all the time they better have a great manager. This goes
for any business.
__________________
YOU'RE FIRED!
Send a private message to crazy mike ContactReply & Quote
Old February 20th, 2013, 03:54 PM   #3 (permalink)
Robert Young Robert Young is offline
Senior Member

Robert Young's Avatar
Join Date:
Oct 2007
Location:
Harlingen, TX
Posts:
1,354
Liked:
171 times
Default Re: Is bigger really better, all the time?

Personally I learned a similar lesson the hard way... just because you are good at one thing does not mean you should keep adding this and that and the other.. at some point something is going to give. I love the idea of diversifying, and of having other revenue streams, but not if you clearly don't know what you are doing.
__________________
Modern Embroidery Designer
www.volant-tech.com
www.volantfineart.com
Send a private message to Robert Young ContactReply & Quote
Old February 21st, 2013, 12:10 PM   #4 (permalink)
crazy mike crazy mike is offline
Member

crazy mike's Avatar
Join Date:
Oct 2010
Posts:
51
Liked:
10 times
Default Re: Is bigger really better, all the time?

Quote:
Originally Posted by Robert Young View Post
Personally I learned a similar lesson the hard way... just because you are good at one thing does not mean you should keep adding this and that and the other.. at some point something is going to give. I love the idea of diversifying, and of having other revenue streams, but not if you clearly don't know what you are doing.
Yep, this is how a lot of big corporations get in trouble. They just like
to keep getting bigger and adding more divisions till they have no
idea of what they are doing. Then they want the government to
bail them out.
__________________
YOU'RE FIRED!
Send a private message to crazy mike ContactReply & Quote
Old February 25th, 2013, 02:18 AM   #5 (permalink)
BJ24 BJ24 is offline
Member
Join Date:
Sep 2012
Location:
Seattle
Posts:
88
Liked:
3 times
Default Re: Is bigger really better, all the time?

It doesn't matter the size, it depends on the committment. If you hire people it is to expand and grow, not to hire in order to take off. Great advice I got before starting my own business:No one will care more about your business than yourself. If your staff doesn't see the effort and the wanting to not invest your own time, why would they? You get out of something what you put into it...so learn from their mistake and if you have the opportunity to grow don't hold back because of someone else's lack of effort.
Send a private message to BJ24 ContactReply & Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Full Time Graphic Artist / Screen Printer sscustominMA Help Wanted 0 November 12th, 2012 08:34 PM
Peak business time megrisoft Embroidery and Digitizing 2 May 25th, 2012 01:07 PM
Production embroider full time salloretta Help Wanted 0 March 12th, 2012 09:23 PM
Design Time? Earl Smith Direct-to-Garment Printing 10 March 9th, 2011 04:44 AM
DTGInks rapid cure time Supertprinting.com Direct-to-Garment Printing 0 November 20th, 2008 10:05 PM

All times are GMT -4. The time now is 01:02 AM.
Copyright © 2011 DigitSmith. All rights reserved.
Forums software by VBulletin, Copyright © 2000-2019, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO ©2011, Crawlability, Inc.