This is how your vinyl will come to you. It will look like this with the transfer tape already on.
For stencils it is easiest for me to pull the paper of the back instead of trying to fight with the transfer tape and vinyl.
Now is when you can be creative. Sometimes I do 3 colors...sometimes more. Make sure you pay special attention to the bottom and tops of the letters. I have hurried at times and those tips seem to suffer the most!!