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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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Business of Machining
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Nov 15, 2019

Entrepreneurial visions are known for being lofty, clearly defined, fixed ideas backed by extreme conviction. The truth is, visions evolve. Where you are now was probably an inconceivable thought back then.

If you're thinking of becoming a manufacturing entrepreneur but don't know where to start, the guys have one simple piece of advice that can be the driving force for your business!

Establishing Company Culture - Organic or Intentional?
The Johns discuss the ideas behind creating a culture of excellence.

How New Employees Can Add Value
Seek out and embrace opportunities! This isn't just about what's in it for you; it's also about the value you can offer. "In order to have a growing and fulfilling career, you can't just make decisions. You need to make decisions with opinions."

Honesty & Transparency - What Are You Hiding?
When Grimsmo brings up a side project, he brings the core of the podcast to the forefront. The guys aren't just there to pump each other up. It's about being honest, even when it's not easy. Strap in for this heavy dose of truth.

Working Capital
Big Check Cashed Late + High Number of Receivables = Not Good. Time wasted tracking down dollars and receiving ridiculous excuses leaves Saunders frustrated. Now, he's calling out the biggest offenders and it's NOT who you think!

Net 30, Net 60, Net 90
Do you negotiate discounts with vendors for early payment? If not, it might be a good idea to start!

DON'T FORGET!

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