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Dave bought two very different precision machining companies. One makes large gears in small volumes, and the other specializes in high-volume contract Swiss machining and other production machining. As an outsider to the industry, and not a technical shop owner, Dave shows that it's not only possible, but an advantage not to be able to do programming, machining and the technical work of a machining company. Instead, he provides resources, sets the vision and builds and supports the team while focusing on finance, sales & marketing, and the other things he has so much experience with. There is a lot of wisdom to this approach for scalability and ultimately company value. If you're considering buying a manufacturing company, or currently own one and want to work ON the business more often, this will be a valuable episode to listen to.
By Paul Van Metre4.8
3030 ratings
Dave bought two very different precision machining companies. One makes large gears in small volumes, and the other specializes in high-volume contract Swiss machining and other production machining. As an outsider to the industry, and not a technical shop owner, Dave shows that it's not only possible, but an advantage not to be able to do programming, machining and the technical work of a machining company. Instead, he provides resources, sets the vision and builds and supports the team while focusing on finance, sales & marketing, and the other things he has so much experience with. There is a lot of wisdom to this approach for scalability and ultimately company value. If you're considering buying a manufacturing company, or currently own one and want to work ON the business more often, this will be a valuable episode to listen to.

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