Read Millionaire Fastlane
I've Read UNSCRIPTED
- Aug 25, 2020
I have a (sort of) similar background and I’m wondering what the Time and Scale breakthroughs would look like for those guys. I suppose since it’s a Human Resource system, it means hiring more managers and skilled operators, and paying them more.I used to be a machinist. They were dying to keep me in the shop. I'm sure I could've gotten significant equity in the business if I'd agreed to commit 100%.
Most of the machinists in the U.S. are retiring. It's a trade that requires real skill, so manufacturing companies will fight to get you. As an employee, it's not Fastlane, but you can earn a decent salary and you can get on the job training for a real skill.
We bought out another shop that was just one guy with a CNC lathe and a Bridgeport and a bunch of good clients. He had built a valuable business based on his skill as a machinist. So I think manufacturing can definitely be Fastlane if you have the ability and can figure out start up costs. The owners of the shop I worked in were not poor.
Yes, it proves even “old fashioned” skills are still skills when they fill current needs.
And machining is still very much a need. Critically so, since so few people are learning trades.
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.