The decision to start a screen printing business is a big one. It takes time, effort, and money, and with all that work, you want to ensure you’re on the right track; therefore, take your time and research.
In this post, we’ll cover the steps for starting your own screen printing business, along with resources you’ll need during the startup phase and after your company opens.
Step by step, let’s get started.
Steps to Starting a Screen Printing Business
1. Make Sure Running a Business Is Right For You
Running a business takes skill, organization, and a lot of time. It’s different from a job; you’re always working and thinking about your business as an entrepreneur. It’s not a 9-5 hour shift. But, you are always working or thinking about your business.
You may enjoy screen printing, but running the business may not appeal to you. So you want to make sure you are fit for both.
For more, see Business Startup Considerations.
2. Research
Business Research
Research is one of the most important steps to starting a business. The more you do, the better your outcome. With good information, you’ll make better decisions and reduce mistakes.
You need to speak with screen printing professionals to get the best information.
In the article below, you’ll find tips and insights to contact those people and speak with them.
See An Inside Look Into the Business You Want To Start for more.
Target Audience
Understanding your target audience helps you set up your business to your customer’s preference and is necessary when marketing your business.
For more, see, How To Understand Your Target Market.
3. Setup Considerations
You need to have a vision of the type of setup you want. Answering a few questions like the following can help:
- Are you planning a part-time or full-time operation?
- Will you be operating from home or considering a manufacturing setup?
- Are you focused on retail sales or the wholesale market?
- Are you planning on doing all the work yourself or hiring a crew?
- Will you be creating the designs yourself or hiring a graphic designer?
- Will you be focused on services or creating your products to sell retail?
- Are you planning on a partnership or investors, or do you want complete ownership and control?
The questions above can help you visualize your business once it is open.
4. Choosing The Right Business Location
The location of your operation must be suitable, or your chances of success will diminish. You want an area where there is demand, and the competition is acceptable.
For example, if you consider a wholesale market, you want to be in an appropriate distribution center area.
For more, see Choosing The Best Location for Your Business.
5. Choose a Business Name
You need to consider a business name that is catchy and memorable. You will spend time and money marketing your business name so take the time to choose one you’ll be happy with.
Remember that you may be printing your business name on some of the items you produce, so it must look good in print.
In addition to selecting a business name, you will want a matching domain name for your website.
See the following for more:
6. Business Registration
Register your business, so you can legally operate it. Setting up your business takes time and consideration because there are different options for structuring it.
I suggest you get an overview of the options and consult your lawyer or accountant to have a suitable legal setup for your situation.
See, How to Register Your Business for all the details.
7. Create Your Corporate ID
A corporate ID includes your logo, business cards, stationary, promotional items, etc. You will want a professional design because this is part of branding your business.
See A Complete Introduction to Corporate Identity Packages for more.
8. Estimating Your Startup Cost
An accurate estimate of your startup cost is a must, so you have enough funds to open your doors to the public. Start by listing everything you can think of, and when you start researching your costs, more issues will appear that you can add to your list.
For more, see, Estimating Start-up Costs: Are you Missing Anything? Also, see, Business Expenses To Consider.
9. Writing a Business Plan
A business plan is a document needed to help you set up your operation accoding to your goals, and it will keep you on track when your business is in full operation.
A financial institution will not process your loan application without a professional business plan.
For details, see How to Write a Business Plan.
10. Set up Your Banking
You’ll need to separate your personal and business finances, so you need a business checking account and a merchant account to accept credit and debit card payments. The links below offer all the details.
For more, see, How to Open a Business Bank Account and What Is a Merchant Account, and How to Get One.
11. Get the Funding for Your Operation
You may already have the money to open, apply for a business loan, or attract investors.
When you apply for a business loan, you’ll need your business plan and enough collateral.
To prepare for your application, see the article below.
For ideas, see our article, Getting a Small Business Loan.
12. Software Setup
You might need business and design applications to operate a screen printing business. The links below can help you find the right software.
13. Get The Right Business Insurance
There shouldn’t be any physical activity in your business without the right insurance coverage to protect your customers, employees, and properties.
Speak with an experienced broker to review the coverage you will need. See the article below for the details.
14. Choose Suppliers
Working with a great supplier will contribute to smooth operations. However, it takes time to find a good supplier and develop a good one with them.
See the following article for a quick overview of, How To Choose a Supplier.
15. Physical Setup
You’ll need to set up your operation so that it’s laid out to enhance production. In addition, you will want it to be organized and look good in case a customer drops by and wants a tour.
Office Setup
You’ll spend most of your time managing your business from your office. Therefore, you want it to be fully equipped, organized, and set up to your preference so that you’re productive.
For details, see, Here are Considerations for The Setup of Your Office.
Company Sign
Your company sign must be impressive and legible from a distance. It’s the first thing your customers will see before walking in the door. There are many options when choosing a business sign, and you can get all the details from the article below.
For more, see, All About Company Signs.
16. Creating a Website
Your website should be your main online property, which will play an important part in attracting new customers, relating information, and showing your work. Therefore, your website must be quick and mobile-friendly.
You will want to register your domain name and sign up for hosting so that you have full control over your website, whether you create it yourself or use a professional.
For more, see our page on How to Build a Website.
17. Create an External Support Team
An external support team is a group of people that can help you with their services and advice. Once your team is built, which can take anywhere from a few months to a few years, you’ll have a group of people you can depend on if you plan to expand your business or need advice.
Your team may include a lawyer, accountant, IT professional, marketing consultant, industrial engineer, etc.
For the details, see, Building a Team of Professional Advisors.
18. Hiring Employees
Hiring is an important business process. So naturally, you want full coverage for your operation, and at the same time, you don’t want to be overstaffed because payroll is a big expense for running a business.
Develop your hiring skills to select the right candidate for each available position.
The article below offers tips and insights when you’re ready to hire employees.
For more, see, How and When to Hire a New Employee.