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A Vision for the Next Generation

Posted Thursday, April 19, 2018 by Jules VanSant.

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Develop talent now for a successful future

While incentives such as bonuses and profit sharing are important, recognizing achievements and building self-esteem are priceless.

Some business owners procrastinate or avoid communicating their succession plans because they fear how family members and employees might react. However, their silence may actually create more stress and cause harm to the business. Most employees—including family members—will feel more secure about the future if they know what to expect and how they will fit in.

It’s never too late to develop a business succession plan. But the earlier you start, the better. Estate planning experts agree that long-term plans to transfer businesses are generally much more successful than those “patched together” following the unexpected death or disability of an owner.

Business succession actually begins with each employee’s first day on the job

Think about it, whether he or she is one of your children or a high school student working part-time, that young person could someday be the head of the company.

Experts agree—succession planning includes creating an environment that motivates employees to use their talents and skills to reach their full potential and contribute to the success of the business. Sounds simple, but how do you accomplish it?

Perhaps a mentor program or an apprenticeship is a good start. Talented young people are more likely to stay with the company if they feel involved in something bigger than their own job. It is wise to provide opportunities by matching experienced workers with newer employees to guide them as they grow in their jobs.

As employees gain experience, they become assets to your business and their value increases. Providing key employees opportunities to gain well-rounded business experience through cross-functional training and experience is admirable. This no doubt helps them become dependable managers who can make good decisions and take initiatives to improve operations.

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The Dawn of Smart Print Manufacturing is Here – Participation in the North American Software Survey to Reveal How Your Company Stacks Up!

Posted Friday, April 13, 2018 by Jules VanSant.

When flying coast-to-coast, autopilot is a good thing. When it comes to running your business, autopilot likely won’t take you where you want to go. Print Service Providers (PSPs) can take advantage of the valuable opportunity to participate in the North American Print Investment survey from Keypoint Intelligence—InfoTrends.

Click Here to Participate.

Who is taking control of their workflow and who is not, and why not? How do the strategic directions declared by PSPs match their actual levels of software and IT spend? Last year we learned that North American printers were behind their European counterparts. Will we find the same this year? Survey respondents will get the answers to these important questions—and many more findings—when key insights from the research is published in May.

About InfoTrends

InfoTrends is the leading worldwide market research and strategic consulting firm for the imaging, document solutions, production printing, and digital media industries. We provide insights and advice to help clients understand market trends, identify opportunities, and grow their businesses.

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Tackle Financial Stress with Education

Posted Friday, April 13, 2018 by Jules VanSant.

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By Joseph Trybula via Printers401K

Seventy-Seven percent of Americans live paycheck to paycheck, and 41% give themselves a C, D, or F in personal finance, according to citations in a recent white paper from Financial Fitness Group.

The situation has a serious impact today, and perhaps a worse tomorrow, considering estimates that about 1/3 or working Americans have no retirement savings. The cost to employers of employee financial stress, according to one course cited in the paper, may be $15,000 per employee per year. 3

There is good news: employers are in the best position to make an impact on the numbers. Combining financial literacy education as a regular part of 401(k) plan communication can lead to changes in behavior. In turn, these changes may lead to better financial stability for employees during, and after, their working years.

If you plan to offer employees a program of financial education, be sure the one you choose is engaging and interactive. The information should be easily accessible and flexible, too. Both can be achieved through web-based tools the employee can use whenever and wherever individual circumstances allow.

Here are additional blog post about Financial Wellness programs available to your employees and how to increase employee participation in your 401k plan. As always if you have any questions, please contact me at joe@printers401k.com or 800.307.0376.

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New Flash Report Available: Downside Risks: What Can Go Wrong-Assessing Macroeconomic and Print Market Threats

Posted Friday, April 13, 2018 by Jules VanSant.

PPI in partnership with Printing Industries of America provides you exclusive access here to the latest Center for Print Economics and Management Flash Report. These reports are made possible by member companies participating in our research studies. If you have any questions regarding these reports, please send them to rdavis@printing.org.

This issue and earlier issues are available in the Economic Reports section of Printing Industries of America’s website,Flash Report Archive.

Please be aware that Flash Reports are an exclusive service for Printing Industries of America members. You are currently listed in our database as a member and are receiving Flash Reports as a benefit of membership. If you wish to be removed from the list, please click the unsubscribe link at the bottom of this email.

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Wright Business Graphics continues to increase its Digital Printing Capability with the new HP Indigo 12000

Posted Friday, April 13, 2018 by Jules VanSant.

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By Gordon Klepec Wright Business Graphics: 503-661-2525 Ext. 322; Gklepec@wrightbg.com

PORTLAND, OR, February 23, 2018 - Wright Business Graphics announced today that it has added an HP Indigo 12000, 7-color, digital press to its line-up.

“We are extremely excited to offer the new HP Indigo 12000 and its expanded capabilities to our distributor partners. The increased sheet size of 20” x 29” allows us to produce short run commercial print and packaging projects as well as complete mid to long run variable print and mail projects in one pass,” said Gordon Klepec, VP of Sales and Marketing. “Combining our already extensive line-up of 6-color 28”, 29” and 40” sheet-fed capability, with the superior quality and increased sheet size of the HP Indigo 12000, uniquely positions us to provide a full gamut of high quality color printing solutions to our customers.”

HP Indigo 12000 HD Digital Press with breakthrough high definition imaging, and new print performance technology is setting new industry benchmarks for quality, productivity and color. HP’s High Definition Imaging System doubles image resolution to 1625 dpi, delivering sharper, smoother, finer print. With this high addressability print resolution, print service providers (PSPs) can surpass offset quality and open new digital possibilities in high-end commercial and photo applications. These solutions are yet another step by HP in leading the acceleration of the analog-to-digital graphics printing transformation, and Wright Business Graphics is excited to add this capability to its already robust line-up of equipment.

Dan Adkison, President/COO of Wright Business Graphics, said “Our decision to invest in the HP Indigo 12000 Digital Press was predicated on our proven success and continued growth in the web-to-print storefront marketplace. In addition, with run lengths decreasing and turnaround requirements becoming even shorter, conventional offset printing devices simply can’t compete. From a quality standpoint, the HP Indigo 12000 is truly remarkable. It’s the obvious choice for the vast majority of our short run commercial print and packaging jobs.” The ability to invest in cutting edge technology like the HP Indigo 12000 Digital Press is one of the reasons why Wright Business Graphics continues to be widely recognized as an industry leader.

About Wright Business Graphics: Wright Business Graphics has five manufacturing facilities in Portland, OR, Chino, CA and Kent, WA, with a combined workforce of 348 employees. For more information on Wright Business Graphics’ capabilities, please visit www.wrightbg.com or call 800.547.8397.

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