August 12, 2024

Greetings - This edition focuses on proactive business mind-shifts to stay profitable in the pivoting print industry. Our Safe Space promise means your contact information is never sold or rented.
Andy & Julie Plata, Co-CEOs

eNews’ lead articles focus on business issues. Scroll down for print tech announcements.
• Discussion #2: Proactive Measures
• Manager Success Accelerator
• Questions Undermine Authority
• Exit Planning Growth Strategy
• Owners and Managers Avoid Change
• Strategic Discounting for Print Success

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Discussion #2: 'Proactive Measures' for Owner-Operated Print Providers
Cost-cutting and diversification were primary responses to our "measures print providers should take in response to the current state of print" discussion. Simplification was not suggested. It means shedding low-profit business lines to focus on higher-profit lines. Many print OEMs and suppliers are doing precisely that. Let's discuss simplification as a profit strategy…

Mindshift: A New Manager's Success Accelerator
New managers often launch into their new responsibilities while still doing their previous tasks. If that is you, a mindset shift may be needed. By staying in the trenches, you will lack time to focus on your new important responsibilities and opportunities. Your new role is to enable your team to do the work. That means becoming a people coach, facilitator, and leader.

Leaders: Too Many Questions Undermine Your Authority
As a print executive, a learning mindset is valuable but can backfire if not managed well. This HBR article explains how a leader's learning mentality can sometimes hurt perceptions of their effectiveness. It offers five strategies to ensure curiosity is seen as a strength that enhances leadership rather than a sign of decreased efficiency.

Print Owners: Exit Planning as a Growth Strategy
Print Owners, are you building lasting value or just chasing short-term gains? Gerry Lalonde's article highlights Growth-Driven Exit Planning, which boosts your bottom line and overall business value. This strategy can help you create a robust, valuable business that thrives long-term and attracts potential buyers or successors.

Developing the Business

Owners and Managers Avoid Change Until It's Too Late
Sid's article reviews how a Customer Survey, honed over decades, created over half a million dollars in new business from existing clients. However, not all clients pursued these opportunities. Sid underscores the value of relationships, noting that the survey results helped a client recover from Chapter 11.

Strategic Discounting for Print Success
Debbie offers crucial insights for print executives on managing profit margins amid increasing customer demands for discounts. Her article provides practical advice on setting discount policies and understanding actual costs. Profit fuels your business!

Featured News

o Press Technology at Labelexpo Americas 2024

o Goelzer Industries Welcomes Tim Plunk as New Chief Operating Officer

o Collaboration Between Standridge and ACTEGA

o Rhonda and William Norris Carry Legacy Forward for Two 'Texas-Sized' Locations

o Agenda Populated for 2024 Xplor Summit

“Gratitude is the most exquisite form of courtesy.” ~ Jacques Maritain

Names in the News

Tim Plunk
Tim Plunk, formerly with Tension Corporation, has joined Goelzer Industries as its new COO.

Barry Walsh
Barry Walsh has joined the Konica Minolta Business Solutions U.S.A. team as the Director of Digital Embellishment Northeast.

Martin Van Waeyenberge
Martin Van Waeyenberge, previously with SHEFEDU, is the new Managing Director of Triakon NV.

Jeffrey Nelson
Jeffrey Nelson, formerly of Fujifilm Graphic Systems Division, has joined Landa as the new Regional Sales Manager.

LinkedIn’s "Print Industry Thought Leaders" Group
An excellent information resource for Print Professionals.

Good News Outside of Print:

Teen Changing Lives, One Backpack at a Time
An 18-year-old from Oklahoma has taken his community service to new heights with a massive back-to-school initiative. Discover how Reed Marcum's annual event is transforming lives and earning him national accolades. Reed's mission is "engaging youth to reach their fullest potential to become true leaders."

Additional News

o Press Technology at Labelexpo Americas 2024

o Goelzer Industries Welcomes Tim Plunk as New Chief Operating Officer

o Collaboration Between Standridge and ACTEGA

o Rhonda and William Norris Carry Legacy Forward for Two 'Texas-Sized' Locations

o Agenda Populated for 2024 Xplor Summit

o Konica Minolta Hosts Second 2024 High Velocity Dealer Summit

o Epson Introduces New High-Speed Dye-Sublimation Printers Designed to Boost Print Shop...

o SCREEN Americas Delivers Special Solution for Printer Looking to Attain Greater Personalization...

o Hybrid Software Brings ‘The Heartbeat of Industrial Printing and Packaging’ to Labelexpo Americas

o Sun Chemical to Highlight Sustainable Solutions During Labelexpo Americas 2024

o 'Experience the Domino Difference' at Labelexpo Americas 2024

o HEIDELBERG Starts the 2024/2025 Financial Year with a Strong Order Volume from drupa

o Konica Minolta Joins Two Sides To Promote Sustainable Printing

o Color-Logic Certifies PrintFactory Workflow RIP EcoSystem

o Sun Chemical to Highlight Leading Printing Solutions at PRINTING United Expo 2024

o Epson ColorWorks CW-C8000 Color Label Printer Now Available

o S-OneLP to Present Michelman Coatings, Laminator Demos at Labelexpo Americas

o Mactac presents new Vivid™ Chrome Film Labels at Labelexpo Americas 2024

o Moquin Press Sets New World Record with HEIDELBERG 21K Speedmaster XL 106

o Strengthening the Bulgarian Market: EyeC GmbH and GED Bulgaria Form Strategic Partnership

o Roland DGA Partners with Vastex to Offer Value-Packed Direct-to-Film Printing

o Print Quality and Ink Durability Crucial as Label Express Invests in Durst Group

o TLMI Announces the 2024 Scholarship Recipients

o EyeC set to Showcase AI-based Inspection Technology at LabelExpo Americas 2024

o Roland DG EU-1000MF High-Volume UV Flatbed Printer Now Supports VersaWorks

o Mavigrafica Chooses PACKZ and CLOUDFLOW to Automate the Workflow of Its Three Locations

Industry ThoughtLeaders Share Their Wisdom on the 5 Essential Elements for Printers Making$, Saving$, Gaining / Retaining / Growing Customers

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