This week John & John talk all about "The best decision is the one that will increase the customer's trust". They raise a great discussion about making decisions while being in the public eye and trying to make sure everyone is happy. We also do a deep dive into the new Grimsmo HQ. They talk all about leveling machines, measuring tools and mastering precision. You can find the book we reference here. John Saunders also plays a slight prank on Grimsmo once he un boxes his new Kern!
Plugged Into The Pipeline
Having a brain trust is valuable to your business and personal growth. Whether it's social media, family, friends, a mentor, or a business/entrepreneurship group, the benefits are innumerable. Entrepreneurship bears a shocking resemblance to parenting, especially when it comes to receiving unsolicited advice.
Your Win = Crap Shoot?
Saunders shares memo that brings a new perspective to evaluating decisions. Although it's easy to think a good result is from your skill and intellect, you might be surprised to find that it's more like rolling the dice.
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WHAT A BEAUT.
All the machines are in the new Grimsmo Knives shop and it looks incredible! With a loaner grocery box truck, the team will be able to finish moving the remaining items.
WATER, COOLANT, & AIR
Grimsmo and Saunders talk details about water, coolant, and ways to make supplying coolant/water to the machines more efficient.
BIG BADA BOOM AT SMW
An air line disconnects and whiplashes wildly against the adjacent wall, scaring the crap out of everyone. Saunders shares the story on WhatsApp and Rob Lockwood has an easy solution---almost too easy. Let's just say that the Air Fuses are on order....and maybe a few new pairs of pants.
John & John have a crazy busy week ahead. Saunders' dives into great detail about his first lathe sub spindle transfer. They both go into great detail about process and the fine tuning that goes into something like switching parts on a lathe. John Grimsmo goes over the plan for moving into the new shop next week! This includes getting the Kern that comes on Monday! Both Johns also touch on switching between the technician, manager and owner as the company grows. They both have great knowledge to share in regards to scaling your own personal growth alongside the company that you run! They reference a book called "Extreme Ownership" By Jocko Willink.
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?
Happy new year everyone! This week John & John talk machines, promises and expectations. Grimsmo Knives gets the keys to their new shop and the new Kern landed in Canada. This then sparked the conversation about the planning process with rigging new machines and the move in general.
John Saunders all about "The Prepared" by Spencer Wright, which is a newsletter for "people working on real problems in the physical world". Click HERE to check it out!
Saunders' also makes a list of some of his 2020 goals. The boys talk about struggling to drill titanium.