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Building a Manufacturing Conglomerate Progress Thread
EXECUTIONHow Do You Eat an Elephant? One Bite At A Time The amount of problems and fires that keep coming up is outstanding. The dollar amount on our open POs is the best it's been, but the fires that keep coming up is making it hard to fulfill much. Top it off with family visiting, jury duty, and...- machinistguy
- Post #58
- Forum: Managing People, Relationships
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Dallas-Fort Worth, Texas Fastlane Meetup.
HOT! MEETUPSJust following up on who wants to meetup at my machine shop on Saturday, Feb 1 @2PM in Grand Prairie. These are the names I've seen mentioned on this thread who are in DFW (?) @Runum @amp0193 @Carlitos @crockbar @Goodfella999 @AFMKelvin @G-Man @NewManRising @Determined2012 @RudyR @Saint...- machinistguy
- Post #249
- Forum: Networking and Meet-Ups
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Dallas-Fort Worth, Texas Fastlane Meetup.
HOT! MEETUPSNext Saturday Feb 1st 2-4PM, I'd be happy to host a meetup at my machine shop in Grand Prairie. I do want to cap it at 10 people, so please RSVP and I'll send you the address.- machinistguy
- Post #245
- Forum: Networking and Meet-Ups
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Dallas-Fort Worth, Texas Fastlane Meetup.
HOT! MEETUPSI might be able to host Saturday Feb 1 in Grand Prairie.- machinistguy
- Post #241
- Forum: Networking and Meet-Ups
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Building a Manufacturing Conglomerate Progress Thread
EXECUTIONMaterial arrived, and we got the finishing products we ordered. The product needs to have a polished mirror finish. We polished it manually for the prototype and now we're testing ways to mass polish them. I'm pretty excited to add metal finishing to our capabilities. Yep! I haven't. My...- machinistguy
- Post #57
- Forum: Managing People, Relationships
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- machinistguy
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- Category: User Media Uploads
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IMG_20241224_153728.webp
- machinistguy
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Building a Manufacturing Conglomerate Progress Thread
EXECUTIONI was in college wanting to start a business. Made it a goal to talk to everyone I met about their job and problems they're facing to see if I could start a business helping them. Someone complained about the customer service of a machine shop regarding a mold they were making. I'd never heard...- machinistguy
- Post #53
- Forum: Managing People, Relationships
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Building a Manufacturing Conglomerate Progress Thread
EXECUTIONWe've turned things back around! We just need to keep up the momentum! Last month we "only" lost $3k, this month we'll have about a $3k profit, and next month we already have enough sales for a $20k profit (My salary included from these numbers). My understanding is our whole market has tanked...- machinistguy
- Post #51
- Forum: Managing People, Relationships
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A $40k Lesson in Product Development
IDEAI'm my own manufacturer, so I know exactly when the prototype will be the same as the production. I do understand the problem though. Customers always want samples but never want to front the massive upfront costs it takes to make the sample. You're left with no choice but to use a completely...- machinistguy
- Post #3
- Forum: Product Development, Importing, Sourcing
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A $40k Lesson in Product Development
IDEAI own a manufacturing business, and today marks the launch of our second product. To develop it, we spent 6 months, $40,000, 70+ prototypes, and 3 machine crashes. Wednesday, December 18th 2024 it was finally approved as good enough to compete with the market leader. Today, Dec 19th we got our...- machinistguy
- Thread
- Replies: 3
- Forum: Product Development, Importing, Sourcing
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Screenshot 2024-12-19 170901.webp
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- Category: User Media Uploads
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Random Chat, Thoughts, Posts, and/or Rants Thread
HOT! CHATI told them if I don't get confirmation of reimbursement by the end of the week, I will be taking action. It's not worth it to sue (I've also never dealt with this stuff, so I wouldn't know how), but I will be reporting them to every government agency that will let me, including the IRS. I've...- machinistguy
- Post #23,467
- Forum: Off-Topic Threads
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Random Chat, Thoughts, Posts, and/or Rants Thread
HOT! CHATNaming and shaming: Wave Financial (waveapps.com). Not only did they fail to file my signed Q2 employment tax forms until a month after the deadline, they withdrew money from that quarter per usual but never sent it to the IRS, leaving us to pay the amount plus fees and late penalties ON TOP...- machinistguy
- Post #23,464
- Forum: Off-Topic Threads
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Dallas-Fort Worth, Texas Fastlane Meetup.
HOT! MEETUPSI'd be happy to host one. We can decide on the details after the holidays.- machinistguy
- Post #235
- Forum: Networking and Meet-Ups
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Building a Manufacturing Conglomerate Progress Thread
EXECUTIONThings aren't great at the moment: 1. Extremely slow summer. 2. Constant stream of unexpected costs and downtime. Almost anything that could break and cost money has happened. We have a technician coming in Thursday to do even more expensive repairs (which means we're paying for the repairs...- machinistguy
- Post #47
- Forum: Managing People, Relationships
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Industrial Businesses Megathread
IDEA CHAT EXECUTIONLol, I feel the same way about my business. Sometimes I want to throw it all away and do something more "cool" and air conditioned.- machinistguy
- Post #18
- Forum: Business Models, Niches, Industries
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Industrial Businesses Megathread
IDEA CHAT EXECUTIONMitee-Bite: These guys make small clamps to hold pieces of metal securely. We bought ~$2k worth of them last year and will probably keep buying more and more as we grow. Google says they do $11m+ in revenue. From what I've seen, their clamps have an order of magnitude more holding force than...- machinistguy
- Post #15
- Forum: Business Models, Niches, Industries
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Dallas-Fort Worth, Texas Fastlane Meetup.
HOT! MEETUPSI'll be there.- machinistguy
- Post #200
- Forum: Networking and Meet-Ups
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Opportunities in Food Business Entrepreneurship: Don't Dismiss It.
NOTABLE! ASSERTIONI was actually thinking the other day about how the same fruits and veggies taste so plastic in the US vs Europe, and opportunities in fertilizers that can fix that. Specifically, fertilizers tailored to each fruit, that restores the magnesium, copper, and other mineral imbalances in the soil to...- machinistguy
- Post #9
- Forum: Business Models, Niches, Industries
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