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  1. machinistguy

    Managing Inventory - How Much Stock to Hold?

    SCALING 
    So if something goes wrong and you have to reprocess the order it's another 10 days. Plus 5 for the BS that comes with things going wrong. Totals to 25 days ahead. Unless there's a risk where you'd have to go to another supplier, so 5 more days to find them and 10 to get the books. So if...
  2. machinistguy

    Broke 22yo from a 3rd world country

    INTRO 
    99% of the wealthy Lebanese I've ever met did it doing some kind of trading. My family exports used heavy European automotive vehicles to developing countries. Import/Export stuff. Tap into your inner Phoenician.
  3. machinistguy

    Business Idea - Driving School

    IDEA 
    I think it's a great idea! The fact that there's already businesses in your area that are successful proves there's a demand, so that means you don't have to worry about whether it's a good idea, all that's left is you learning to execute well enough to get it right. @ChrisK is 100% right...
  4. machinistguy

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Google Sweaty Startup. I'm guessing that's where they got it. Basically advocating local service based businesses like window washing, residential wall painting, moving, etc... Window washing is the one that requires the least investment and learning curve.
  5. machinistguy

    Saad Khan's EXECUTION THREAD

    HOT! EXECUTION 
    Stripe & Paypal
  6. machinistguy

    How To Use The Worsening Labor Shortage To Your Advantage?

    QUESTION 
    This is actually a valid business. There are plenty of business that deal with buying and selling used CNC machines. I've seen a few in Europe too. As for 3rd party. There are lot of business that become distributors for foreign made automation robots and CNC machinery. Your value skew would be...
  7. machinistguy

    How To Use The Worsening Labor Shortage To Your Advantage?

    QUESTION 
    I'm of the opinion that manufacturing isn't a sunset industry, it's an untapped economic boom waiting for the right entrepreneur to light it up. We just stopped innovating. To compare it to the tech world, we got to the IBM era and then stopped in terms of innovation. There are massive industry...
  8. machinistguy

    Building a Manufacturing Conglomerate Progress Thread

    EXECUTION 
    The Contract: Got the contract from the wholesaler yesterday. Overall good, mostly boiler plate stuff. Earlier, they verbally agreed to some points I wanted but they weren't explicitly written in the contract. Don't think they'll have a problem including them in writing as they seem reasonable...
  9. machinistguy

    How to profit from fitness feats, or world records?

    HOT! HEALTH 
    I've always thought that mental health is a very under served market. Multiple ways you can monetize it. You can create a self improvement forum, or an app with clear steps on how to improve yourself with a built-in community. You can make money off sponsors and affiliate links. I.e. partner...
  10. machinistguy

    The 3 M's of Marketing - Help For Beginners

    GOLD! MARKETING 
    Great thread! Wish I could have read it years ago. One thing I'd add is each medium has a lot of nuance to it and requires some specialized technical knowledge. So if you're new to marketing and are able to get sales on it but they're not profitable, there's good chance you can make them...
  11. machinistguy

    Building a Manufacturing Conglomerate Progress Thread

    EXECUTION 
    Been doing a lot of reflecting. I'm happy with my progress, but why is it taking me 3 months to accomplish what could have been done in one month... I think the answer is my vision of the company and how it operates hasn't been 100% aligned with what the market has been telling me. I was trying...
  12. machinistguy

    Building analytics software: Progress Thread

    SAAS / APPS EXECUTION 
    AI isn't a value skew. What do users care if you use AI or two rats behind a keyboard? Sounds like you're creating a solution for a problem you haven't identified yet. Figure out who your customers are first (forums, corporate brands, dudes who just got a shopify store because they watched a...
  13. machinistguy

    Building a Manufacturing Conglomerate Progress Thread

    EXECUTION 
    Thanks @nopalmer @Tiago @BizyDad @Subsonic ! I was asked not mention them further on social media until everything is finalized, so I can't give an update on them but I'll just use this thread as my progress thread. Setbacks: - My largest sales channel had an algorithm change; I got royally...
  14. machinistguy

    Building a Manufacturing Conglomerate Progress Thread

    EXECUTION 
    TL;DR: Started a manufacturing company. None of my competition has been able to service the largest retailer in the field. I know I can. I have a meeting with them on Wednesday to demo my products (they reached out to me, VP product management & commercial sales saw my Insta ad) and potentially...
  15. machinistguy

    I've Read UNSCRIPTED!

    GOLD! HOT! 
    Read the book.
  16. machinistguy

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    Read the book.
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