Less than a week into 2020, Grimsmo's new shop is ready to be outfitted with epoxied floors, water, electric, and air in the coming days and weeks. The floors have been shot blasted and the repairman is on his way to fix the heater. With the new shop being a 1-minute walk from the current one, it couldn't be more convenient. Excuse me, did you say, "Shot Blasted?"
Now I know why it's called The E-Myth REVISITED...
This book repeatedly floats to the top as one of the most valuable resources for entrepreneurs. If it's not enough to hear it from both Johns, Curt Richardson, Founder, Chairman, and Chief Visionary Officer of Otter Products, LLC, mentions it in this "How I Built This with Guy Raz" podcast episode.
A JaRrINg Entrepreneurial Perspective
When grinding and bootstrapping from the bottom to the top is all you've known, learning about a different approach can be difficult to grasp. How we view risk VS reward and whether or not we're motivated intrinsically or extrinsically greatly determines the shape of the business.
PERMABEARS. Don't Be One.
Against the backdrop of the economy, entrepreneurs who acquire large loans and hire out the positions take on more risk; thus, they generally reap more reward. That being said, while it's good not to be a "permabear," ignoring the possibility of economic decline isn't exactly smart either.
During a supply issue, Grimsmo realizes he's fallen back to an old trusty behavior pattern. He's going to push himself to give more responsibility to the awesome team behind him!
Inventory | A Balancing Act
In the process of re-configuring inventory racks for raw material, Saunders is reminded of two things: 1) Jay Pierson's lean approach and 2) The Glock Factory that stores up to two years worth of raw material. While discussing the supply of material, the conversation takes a dark but realistic turn towards history.
Humdinger Tool Life Report & Patience
A company hires ProvenCut to test tool life and when the detailed report is sent back to them, there is no response.
When you don't hear back right away, that can make you question everything....
Grimsmo highlights that ProvenCut isn't just about finding an exact recipe. It helps identify ideal speeds and feeds ranges! When it comes to Swiss machines and using oil instead of coolant, Grimsmo's concern with tool life/babying tools has increased greatly--especially after @eoscases Citizen machine caught fire.
Click the image below for video.
Saunders discusses reasons for the Haas lathe purchase.
When it comes to the product, is it really turning out?