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Unprofitable Work
This price compression, of course, leads to even smaller margins and, frequently, the winning bidder has taken a job at a loss.
I did release about 30 print buyers who have signed pledges to abandon price as their only criteria for selecting printers.
So I've gotten the hostages to do all the work and, aside from our little "training" sessions, I don't have a lot to do here at Camp Mañana. As soon as all you printers agree to implement 25 percent price increases, I will release all the hostages. If we get a 25 percent price increase, I guarantee you that the bankers will come running with their checkbooks begging us for our deposit accounts and begging us to borrow money for new equipment.
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- Companies:
- Compass Capital Partners
- People:
- E. Niles Cartwright
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