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Great video Jay! Some sound - and candid - advice.

@mastermoarman

4 жыл бұрын

thank you for the info jay. i been thinking of starting my own machine shop. now i just need to figure out how to get work contracts

Wow, I'm learning more from you than from any economics and "business" teacher in college. It makes sense, is narrated with hard-learned experiences in real life and is authentic. I hope that we even in 50 years can hear from your stories and can learn from your advice.

@PiersonWorkholding

4 жыл бұрын

Thank you! I'll try my best to stick around for another 50 years. - JP

Great advise Jay. If you want to be a manufacturer you have to think like a manufacturer, not like a machinist, fabricator or other specialist. Keep up with the business end of the business. A lot of small shops hate doing the books but if you hire that out the lag time between you and the accountant can be a killer. Value stream map the whole process constantly and don’t be afraid to rearrange the shop to fit the work.

You have a way of looking at obstacles and coming up with solutions that constantly have me going " why didn't i think of that, it seems so obvious!".

Great video! Thank you!

Great video! Great advice! Thank you.

Solid video man keep them coming

These videos are awesome Jay! Super helpful!

Great advice Jay, thanks for putting it out there!

Thank you so much for the advice, and for doing the Q&A.

I would pay for more of this gold. This really hits home.

Lots of good nuggets in that video. Thank you for sharing!

How have I overlooked your channel so long! Brilliant

I'm a small business owner in Detroit, MI and I am super impressed with your business wit and ability to learn!! I have been following you for a minute now, and really enjoyed your videos! Also i bought My first VMC! partially because of your and #john saunders videos !! My first profit will go right into investing into a pallet system !! Seriously Much Respect !!

@nickhankins5088

4 жыл бұрын

Awesome! What VMC did you get?

Loved it! Thank you for sharing. Ciao, Marco.

@4:50 MVP , so simple yet not so common for people to do, i am so guilty of that, thanks for sharing!

I WISH I saw this last year LOL. I learned this the hard way. Your videos are absolutely fantastic and bounce great ideas. Some stuff is confirmation on thought process, and other stuff is things I haven't quite thought about. KEEP these up! I've already recommended to other friends and entrepreneurs.

Appreciate the video! Thank you!

@PiersonWorkholding

10 ай бұрын

My pleasure!

good stuff Jay

Great video, I work for my father in his shop during the summers and part time during school. Especially after this summer I’ve noticed the importance of being able to facilitate work flow. When a guy has trouble with a part help him and improve the process but don’t do it for him. You can’t do everything yourself and you shouldn’t that’s what employees are for.

@jackflash6377

4 жыл бұрын

I know I should let the employees do it but it's very difficult to let go. When I look back over the past 3 years I wonder where I would be now if I "let the employees do it" and focused on new products and growing the business? What I see is that if I'm in the office my employees are standing around talking but if I'm in the shop they tend to get more work done. How to fix that?

@mactec98

4 жыл бұрын

Jack Flash not sure the size of your company but if you don’t have one maybe it’s time for a foreman or shift supervisor. We have between 10-15 guys and we have a foreman. It all depends on if you have a good one or not. They have to be a self motivated go getter and have to be able to discipline. Not the easiest thing to find. Just thinking but maybe you could hire someone to take some work off of you so you can be out in the shop more. Not doing work necessarily but leading everyone else and solving problems.

@jackflash6377

4 жыл бұрын

@@mactec98 Good advice. I have one that I think would do well in that situation. He was a manager at another shop before they went out of business. Thank you

#TWSS 😂😂 Great video and info as always! Keep it coming Jay!

@Pierson Workholding I just finished watching this and then clicked on a Titans Of CNC video titled "CNC Machining the TITAN-57M on a TORMACH | Op #2" and their intro sounds caught my ear... surprisingly similar to some UR Robot videos Ive been watching

i started my business on sweat equity 7 years ago.. last week i ran 178 hrs with 2 machines. the "when to hire" caught my eye lol.

I didn't realize you had a background in cycling! Our main business is custom wheel building in the bike world but we are transitioning to machining a lot of our own products.

@PiersonWorkholding

2 жыл бұрын

Catch the full story here: kzread.info/dash/bejne/po6YlKSjXdrMoc4.html

@ChrisMurrayEWC

2 жыл бұрын

@@PiersonWorkholding well played!

Thank you for the 08:47. I appreciate

@cnc-ua

2 жыл бұрын

...and everything after that. Just a life wisdom. Thank you, Jay

dope

Great video, David. Informative as always. I wish I'd watched it literally 6 hours ago. I just ordered a large format router, desktop 5 axis mill, mod vise, Saga pen, and I have a Pierson mini pallet in my cart, but I saw this video drop and figured I'd take a look. I only recently discovered they would give me a line of credit that will cover all of it and a Haas Minimill. I have a degree in CNC and I'm pretty good with Fusion, despite it's or my limited 5 axis capabilites. So my question is, should I get the Haas and minipallet? I don't have a 4th right now so I haven't even looked at your rotary.

@PiersonWorkholding

4 жыл бұрын

I'm a big fan of growing incrementally but with the right equipment. You will not be disappointed with a Haas and Mini Pallet System. As you grow, you'll graduate to a full size VMC and a Pro Pallet System. Don't worry about the RotoVise and 4th axis until you're really hammering it. They can be added later. - JP

@jerrysowers7541

4 жыл бұрын

@@PiersonWorkholding Right on, and I'm right there with you on getting work done from midnight to 7am. My problem is I'm not organized enough in my research and I end up leaving long, detailed emails to people like you and @nyc cnc in the middle of the night or on weekends when normal people are enjoying time with their family. My trading coach thinks I should start getting up at 7am but the market never sleeps. I still don't understand why you say tell people not to go into debt when starting off, but I have a sneaking suspicion I'm about to find out. :)

I like the concept if you can't pay somebody to make it don't do it yourself.

Question... I handled my need for a 1st employee a little differently. As I started getting busier, I'd invest in a bigger tool, or better machine, or new piece of automation to take my workload back to a reasonable level. It worked great for 6 years and has continually raised the quality of the assemblies I turn out. However, now I desperately need a very skilled hand in the shop but can't keep anyone (all very different random reasons why each have left.) what do you do to retain that #2 person without looking for a "partner" in the company, but someone who will be there for a long time so you aren't constantly in a state of hiring and training?

@PiersonWorkholding

4 жыл бұрын

Good question all business owners face. I start with culture - Make your company a clean, low stress environment where people are proud to work. Next, hire rock stars and pay them like rock stars. The output and expertise of a skilled employee will multiply the company because they will self-train which frees you up to keep building the company.

Two things.....great advice, if you don’t have the time or money? Don’t do it! Second, it’s a job, not your life. Live your life, not your job.

The Big mistake people make when starting any business. Is WHY start a business. There are to many people that start a business. So they Don,t have to work for someone else ???? This is Not a great reason to start any business. From my experience these types of people. Will generally work when they want, finish when they want. Not get jobs completed on time, and in general waste peoples time. Promising to meet dead lines and never delivering. In most cases these businesses don,t last long. Reality general forces these people out of business. Mostly for the above reasons.