Can You Be Successful Running a Small Machine Shop?

43:47
 
Share
 

Manage episode 284499470 series 2109473
By Jason Zenger, Jim Carr and MakingChips LLC. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In this week's MakingChips podcast, Jim and Jason discuss if you can be successful running a small machine shop, with Jim offering tips based on his own experiences.

Segments:

0:00 | Jim and Jason talk about the different knowledge centers at IMTS Spark

1:10 | Jim mentions how he used ProShop ERP to extract the necessary data to collect the federal R&D tax credit

5:06 | Jim shares information on the failure rates of new businesses

7:45 | Jason explains why he's planning on taking a sabbatical from work

13:00 | Jim reads a news articles about the manufacturing economy bouncing back in 2021, and the different factors that will affect it

20:08 | Jim and Jason talk with Dan from Xometry and Vinny from PenCo Precision to discuss their experience with Xometry during the 2020 pandemic

26:22 | Jim asks "what is success in business?"

31:27 | Jim shares his tips for running a successful small machine shop

39:30 | Jim and Jason talk about how they analyze risks before they make business decisions

444 episodes