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Business of Machining

John Grimsmo of Grimsmo Knives and John Saunders of NYC CNC discuss their success, struggles, goals and more as machinists, business owners and entrepreneurs.
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Jan 25, 2019

Getting Social In 2019, and sharing reality!

Grimsmo starts to post Instagram stories daily. Bonus: We get more info on the upcoming Saga Pen!

BUT Saunders and Grimsmo agree that they don’t need to stay up-to-date on everything all the time.

“Use Instagram the way that works for you...we’re not just going for clicks and views, we’re trying to build a community of people who care, and want to see what we’re doing” - Grimsmo

Example of a Reality Check: In Grimsmo’s latest video, Jo mentions that we’re using the old tumbler a little more than the new tumbler lately. And that’s just a reality.

Saunders guest stars in another podcast! It’s called The Edge with Bantam Tools

This company is now owned by Bre Pettis, one of the owners of NYC Resistor, and the 3D printer company, MakerBot. 

Growing Pains = Long Term Gains

To think about hiring, you’ve gotta think about firing

Saunders and Grimsmo talk about the difficulties of being an entrepreneur.

“I hired too quickly, and I fired too slowly. The problem with having a bottom performer on your team is that he/she gets all the attention, when the second worst performer flies under the radar” - An inspiring entrepreneur Saunders is quoting

“Being an entrepreneur is something I wouldn’t wish upon my worst enemy, yet all of my best friends are entrepreneurs” - Grimsmo

Great example from The Eagles Biopic on Netflix

What did it feel like when the band broke up? “It was a terrible relief” - Don Henley

Even when there’s no specific problems with the team, as an entrepreneur, it’s still necessary to constantly be thinking about the future (which includes the future of employees).

Saunders and the Mobile Desk

Saunders gets a backup battery for his computer, and sets everything up to be movable. Now he can move his office, into a quieter space.

Let’s talk about finance! Growth eats cash for breakfast!

“I haven’t yet felt the benefits of running a profitable business” - Grimsmo

Saunders and Grimsmo discuss how to regard the finances as accurately as possible.

“Most businesses fail not because of lack of profitability, but because of cash flow”

The Saga: Almost a Year in the Making

The Grimsmo Shop seizes every chance they get to make pen parts when the lathe isn’t making knife parts.

Grimsmo talks about Angelo’s strategies to tighten those tolerances on the super small parts of the pen.

The pens will be sold through the Maker’s Choice list, but it’s not live yet. Subscribe to Grimsmo’s Instagram and YouTube for updates on this.

Lathe is running well, and Grimsmo adjusted the SFM! What is SFM? There’s a video for that.

Saunders has a question for the audience!

The big fan is great for cooling the air, but we want a better climate control system for the summer.

“I wanna buy a beer for an HVAC guy!” - Saunders

ALARM! Wrong tool in spindle

Grimsmo had two pallets alarm out at one custom code that he had put in. It helps protect his tools and his parts with one warning called “wrong tool in spindle”

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