Simple Mans ROI Investment Return for Equipment, Small Business Decision Making Made Easy

How I determine if a piece of equipment should be purchase for my business. Amount of time until your make your money back is just one of many ways. The faster the better. Have a great day!

[@folasadelasisi1101]

There is one out of many things g I have learnt from you. Go BiG or go HOME. You have got good machines. Smart move 👍🏾

[@justaprinter]

Good machines make a HUGE difference!

[@philanderson1200]

Keep your cutter as long as you can. It works just as well a newer programmable. Thanks for sharing your insight Dan. 👍

[@justaprinter]

That's the plan! Thanks for affirmation!

[@joncalon7508]

a new faster cutter may save you a little time, but for me, I find that my Challenge Model 20 cutter here works for what I need. Would I like a wider blade? maybe? About the only thing I can't do in my shop is long sheet printing because the cutter's not wide enough. Do I have enough potential business to require it? Not at this time. Of course, once you go to a bigger cutter, you need more space for it, and that's one thing I love about my Model 20 is that it doesn't take much space up on the floor. One thing that also needs to be accounted for is the floor space taken by the various bits of kit in the shop. If you buy something that takes up floor space, that's more rent money out the door unless it's justifying it's floor space.

[@justaprinter]

@@joncalon7508 Well said!

[@chasingtimemotions]

man you can really tell your business acumen is on point best of luck in your ventures!

[@iconicsolutions5556]

You are selfless! We really benefit a lot from your clips! Thank you.

[@justaprinter]

Glad I can help. Thank you!

[@spence5596]

love ur videos as always, I am a one man brand printer in Australia. also a KM user, funny enough I got similar setup like yours down under here. everytime when your videos that remind me how hard we work everyday in this business. Good work mate, keep up !

[@justaprinter]

Awesome! Before I started this channel I felt like there were not too many printers out there, but there are more like you and I. Cool!

[@folasadelasisi1101]

And me too 😂. I’m in Africa.

[@yuelsjonathan]

I have seen all your videos this week! I have my own digital printshop and everything you say is so useful

[@justaprinter]

Awesome! Glad they are helpful!

[@kota7219]

Great information I missed couple of videos and on this day watched all in one go, Great information on ROI so simple and to the point . . ! Great

[@justaprinter]

Thank you, glad you liked them!

[@Whiskeygalore24]

The best feature on our polar cutter is the air bed helps us to move the blocks of paper they float along, love our guillotine has programming also

[@justaprinter]

Yes, those air tables are so nice. Looking forward to having that on my next cutter.

[@richmonddarko9547]

I really your videos. This has really encouraged me. Keep it coming bros.

[@justaprinter]

Thank you! Will do!

[@shahzadali7605]

Good job sir

[@morthim]

what you are reffering to as ROI is more about risk. ROI isn't about the length of time to pay itself back. but the comparative advantage of an opportunity. the ROI of a device is how much new return (unique to the new device) plus the amount of effeciency gains. when you talk about saving $25 of labor a day, you don't geometricly scale it out but exponentially. but basicly eliminating a task while still profiting from it is worth more than the time itself because the time folds upon itself recursively. the two ROI things to consider and many small business people struggle to consider, are sales and cost. you, like many small business people, are able to see reducing costs as improving return, and you are dropping under used equipment which is the right attitude. but making sure you are getting enough sales to keep all your equipment running in parrellel is as important. the thing you should try focusing on when examining your situation dispassionately is quality. if you can get a machine to do something without having to baby it, it is a better machine than one which requires lots of time. and one when doesn't need you to start work is better yet. the duration of time has value, but not having to touch something at all has far more transformative value. this generalizes into maximizing work batches. both in terms of multiple machines operating at the same time, getting large throughput by doing types of things at once, and reducing modificaitons and movement. you already have the last one, you partially have the seccond one, so getting machines working concurrently is the big savings. to do that, you need some way to get your machines to be able to load entire jobs in the input slot, and to have larger sections of jobs able to be completed before the machine has no place to put finished products. right now you have to move stuff around, which probably feels good, but it means a large amount of the labor is platespinning. grabbing work as it becomes available (called work stealing in computing) creates lots of repetitive movement. the ideal state would be to be able to leave a machine to finish a queue of work. so you go through the different machines once, and then cycle back moving complete amounts of work through the system. if the only thing you have to do to get paper cut right, is to put it in the machine's "inbox" that is almost a qualitative change in work. the step after that, is to automate work delivery and waste disposal. the step after that is improving sales, marketing, and billing. if you can send a job to your press without any effort, automating it will be negative effort. you also may want to create capacity limits. circling back, you only are looking at saving $25 of labor as it stands, because you are only using the thing sparingly. but if you have something which is far better you can use it less sparingly. successful entrepenuership isn't about fixing things, that is program management. you have to see what opportunites something would give. some will allow more sales, but how frequently do you use a thing and how frequently could you use a better version? what specific product categories would the change of choice allow? "the amount of money i'm making or saving" that is investment risk. you should shift towards quantitative opportunity assessment. if this machine takes x% less time, that might be nice, but frequency of reloading the machine matters more. if something takes more time, but runs without interaction for longer periods, then you save the time of walking to the machine. and to think about that you need to think 'what does this increase in capacity allow for'? i was writing you another message but it go too long. in it i mentioned that an inferior machine to your cutter, something that couldn't cut stuff ass fast, might be better if you could drop the work off and have it done when you came back. the term revenue streams is kinda pretencious, but you could open up to more types of customers by improving specific machine categories in motivated ways. i'm not saying this is a good opportunity, but lots of schools try to do fundraisers, you could attract fairly mass market attention by allowing students to design a stack of greeting cards. get the school to run a contest to select which cards are used. you make envelopes, print the cards, and put them in a box. if cuting improvements could make you able to do that, then you would be getting an sporatic customer base and creating a market. then hire a designer on fiverr to design a 'graduation card' and offer a discount to those who bought your 'school spirit' cards. focusing on accepting work requests is very conscientious, but to excell at customer service you need to look at peoples problems and the demand categories those problems create. then look at how your setup relates to those problems, and compare what you can't do due to being cost prohibitory to the cost to create the opportunity. maybe it isn't worth the hassle, but something not being broken doesn't mean that you have adequate opportunities. "there are bigger bottlenecks" bottlenecks have severity in relation to the frequency and delay and pipelining of the bottleneck. if some task takes a long time, then the length of time only matters to the frequency of the event. you put glue on the back of tablets after putting them in a press. the length of time in the task relates to how many tablets can be glued simultaneously, and how much time to set it up (and down) in all, and how frequently you have to do it. if you have to do it every day, improving it is probably a good idea. if you only have to do it monthly, it might not be worth improving. pipelining refers to how much you can queue in a processor, but for you it would be how much work you can set your machines up to do at a time. this is both input and output, whichever is more limiting. if you can fill an output tray with the machine still ready to do more, then the output tray isn't big enough. if the output tray can hold more than the input tray can process without being refilled, then the output tray is too large. and if you can't get work from one device without user input to another automated process without intervention, then that is what needs to be improved. anything which requires human attention is worse than somethign which works on it's own. the length of attention doesn't matter as much because the stuff you need to do by hand should be infrequent. it doesn't really matter if it takes a minute to glue the back of those writing pads or 3 secconds, it requireing attention, presence, and effort is what causes the platespinning experiance. regardless of 3 secconds or a minute, you can't simultaneously be in the other room drumming up more business. the biggest thing i can see as a problem is not getting all work into presses. your scouping of work and moving it around works, and it keeps the machines partially fed. but you might want to have queues of work ready to feed into a machine. so you bring an entire job to the next machine and have it waiting right before the loading tray, and the old job right after. so each machine has two queues of work: input waiting, and mix of current work and output. if you can clamp work together so you can remove the clamp to feed a machine it's carrying capacity, you might be able to reduce workstarving, but idk, not my industry.

[@justaprinter]

Wow, lots of great nuggets in there. Several new ones and several that I knew and agree with you. Glad I took the time to read your whole message. Now I have some homework!

[@amraouza4937]

holy molly ! computer scientist or OR ? anyways thank you for the amazing insights :)

[@victorfernandezmiranda]

Te lo voy a poner en español te felicito eres grande buenísimo ejemplo de trabajo organizado

[@justaprinter]

Gracias. Me esfuerzo mucho por hacer un buen trabajo.

[@produceking71]

Glad to see a new video. Missed them.

[@justaprinter]

Good to hear!

[@globegossip881]

I like printing machines ❤

[@justaprinter]

Same!

[@Kilo-Papa-Sierra]

Really insightful! Thank you for the share!

[@justaprinter]

Glad you enjoyed it!

[@rehanaadvertisingprinting98]

thanks for your kind sharing..... i am running print shop in KL...

[@justaprinter]

Nice, good luck to you and thanks for watching!

[@rammoh]

Love this videos

[@justaprinter]

Good to hear!

[@morthim]

make sure you depreciate your equipment. also you can buy "old" finance textbooks for around $50, and for general finance rules the content mostly doesn't change.

[@justaprinter]

I need to learn more about depreciation. I know my sister who does the accounting takes care of that. Thanks!

[@TampakRecords]

only took that time...wow thats great

[@justaprinter]

It was fast!

[@zzooiill]

awesome channel, man!

[@justaprinter]

Hey, thanks!

[@BigPrintBham]

Great video.

[@justaprinter]

Thanks! Long time no see!

[@robertospeziale5014]

ciao, grazie per le informazioni il ritorno del tuo investimento è veramente veloce, con 100.000 click hai risparmiato tanto. Bravo Per il Cutter, non avendo volantini e piccolo formato, ti serve poco ma se dovesse cambiare il lavoro allora è meglio il cutter programmabile. complimenti, buon lavoro

[@justaprinter]

Sì, penso che il cutter sia la prossima macchina che sostituirò. Ma prima, avrò un ROI più veloce se compro attrezzature per portare in alcuni processi che attualmente esternalizzo. Grazie per aver commentato!

[@marcovettorazzi2624]

What do you thinks about inkjet printers? Low costs, very “poor” machine and easy to self maintance I think no drums, no developers, no fusor...). I think that for your kind of job it is the perfect tech (uncoated books and newsletters).

[@justaprinter]

I'm not thrilled with the print quality for the smaller inkjet machines. There are some $1 million dollar inkjet presses that print very nice, but too expensive for my volume. When I compare operating costs of RISO inkjet to self-service Konica Minolta, the operating costs are about the same. So I'll stick with toner for now.

[@gavinphillips6289]

Good advice, it can be a toss up between upgrading what’s making you money and getting something new / different that you hope will make your more money by being able to do more, 2nd hand is great value so long as your willing to get your hands dirty and is normally the only way into the printing business for those who don’t have a money tree.

[@justaprinter]

Very true! ROI in used machines is so fast. The only reason I buy new anymore is if there are no used machines available, like my laminator. ROI on that will likely be about 2 years. Totally worth it though.

[@paulopie165]

I use a programmable guillotine but never use the programme, I too cut big standard low quantity print jobs

[@justaprinter]

Interesting, I'm still happy with my old guillotine...

[@paulopie165]

@@justaprinter we've never understood the programmable side, I get it when your constantly cutting the same size leaflet for many many thousands, but when you've printed a job and the finish stack fits in your hands just cut it as you did 40 years ago the time saved for program is mere minutes. Stick with what works best for you and your time

[@julkakulka3475]

KM C1070 very good machine.

[@justaprinter]

It sure is!

[@henriquecandiotto8169]

I would do different about of press. This press safely run at least a million of click . I would share the cost of this press to a million and put this result on cost of ever click like 8,000/1,000,000 = 0.008. So when you have to estimate the cost of click you put 0.008 on it. Hi from Brasil! Peace!

[@justaprinter]

Good point, thanks for sharing!

[@vijaypujari4531]

If you don't mind, I would like to ask how to market your work, I mean how you bring business. What is the key.

[@justaprinter]

Make happy customers that keep coming back and telling their friends.

[@AlijiEnes]

New to the channel, so don't kill me if you already have an employee but don't you think hiring 1 employee would probably help you the most to utilize all the machinery you have and earn more? The employee could have an ROI of the salary you pay him/her 4-5 times...

[@justaprinter]

Absolutely correct. I do have part time help, but if I hired another person to print/finish, I would need to find more work. Currently, this works well for me and I'm happy!

[@theethadsirikornsriwimon3962]

Could you please advise if KM 2060 worth investing for 1st digital press machine? Have this model any defect?

[@justaprinter]

Any of the 1070, 2060, 3070 would be a great machine.

[@anthonyjacob5204]

For a start up, would you recommend the 1070 or 3080?

[@justaprinter]

I'd recommend the 1070 only because it will be cheaper.

[@mussoliniducho]

@@justaprinter если брать 3070L, тогда она у нас в России продается за 1500000 рублей или 20000 долларов США))) Если купить ее и к ней LU XL, тогда эту цену и тонер от 3080, фотобарабаны от 3080, она дешевле 1070)))

[@raviravariya5252]

How much toner have you used till now in 1070?

[@justaprinter]

1 of each CMYK