Printing can be identified as the process of reproducing text or images on paper by using a printing press. This is identified as a large-scale business since the cost of the required machinery adds up to a considerable amount. However availability of sources of finance in the market place would make it possible for individuals to raise the initial capital required and start the business.
Before any activity is carried out, it’s important that you carry out a market analysis regarding the market that you are willing to cater for. The main factor here is to identify whether the market has enough demand-‘demand conditions’ for printing work so that satisfactory return can be obtained for every $ invested. If the demand is high then per unit/print cost would go down due to economies of scale and you would also be able to get bulk discounts for the material that you purchase. All these benefits account for the final return that you would gain from the company. If demand conditions are satisfied then you can move on to the following step.
Printing industry requires machinery that would account for a considerable sum of money. Since customers expect higher quality going for cheaper machinery option wouldn’t also be possible. Then you’ll have to decide on a good brand of machinery and the number of machines that you need in-order to satisfy the market demand. In this stage you may also have to get some training on how to operate the machinery or get outside expertise until you get used to operating them. However outside help might cost extra bit of money but it’s worth spending on that since it would help to smooth out the initial startup process. Having satisfied these requirements now we can look into the qualifications that you may need to continue the business successfully in the future.
Printing isn’t an industry where you need to hold any technical degrees to carry out day-to-day work.
Anyone can start a printing press and carry on with its work. However since printing is somewhat a large scale business it's more likely that you would need extra workers as the business grows. This adds more responsibilities. So it's highly recommended that you follow at least a basic business administration and management course that would give you some understanding on accounting, cost management, customer relations, employment law, etc.
Having satisfied all the requirements it’s finally down to sourcing the required finance for machinery and other infrastructure for the printing press. If available finance is not adequate then additional finance may have to be raised from the market. Even though there are many financial institutions in the market they would require you to provide them with a clear business plan and sometimes a mortgage might also be required as a security for provided finance. So it’s worth spending a bit of time and find the cheapest finance provider in the market. There could be institutions in your area that provide cheaper finance for sunrise organizations or you may get the chance to obtain a grant from local government authorities to facilitate initial fund requirements. So it’s very important that you look into all these options before selecting a source of finance.
In summary, it’s clear that printing is a task that anybody can carry out provided that there is enough demand in the market and enough finance available to set up the business. However it’s also important to give some attention on the management of the business to be successful and competitive in the market place. This would require the owner to have a sound knowledge on business management. If all these factors are satisfied then higher commitment and concentration would definitely make the business more profitable in the long run.