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MakingChips | Equipping Manufacturing Leaders

MakingChips is a weekly podcast that will equip leaders in the metalworking manufacturing industry with valuable content to utilize in their career and business.
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Sep 9, 2015

Business growth what we all want to see. More customers, more jobs, and more revenue. But there are other ways to grow your company, including the purchase or acquisition of another company in your niche. In this episode of Making Chips Jason and Jim chat with Tom Hilaris who has recently become CEO of Ergoseal, a company that manufactures seals for OEMs in the industrial and aerospace rotating equipment industries. Within a two month period Tom’s company acquired 2 other companies and grew both his manufacturing capabilities and his bottom line. Find out more about Tom’s experience, including things to watch out for in acquisitions, on this episode.

 

What is the right motivation for acquiring another company?

 

While the individual details of each situation will vary, there are a couple of foundational motives that would make the acquisition of a company a good deal, and there are others that wouldn’t make sense - financially or otherwise. Tom Hilaris shares his experience in leading Ergoseal in the acquisition of two other companies in the last year, on this episode. It’s about more than simply acquiring another company. It’s about adding to your product line, cutting expenses, and making greater profits. Find out how to make those determinations regarding possible acquisitions on this episode of Making Chips.

 

Did you know that you can hire an acquisitions advisor to guide your company in an acquisition process?

 

A very important part of Tom Hilaris’ story of leading his company to acquire two other companies, is the role a hired Acquisitions Advisor played. He was instrumental in helping Tom and his team pull together the paperwork they needed, locate the right companies to purchase, and strike the deal in a way that was beneficial for everyone. Looking back, Tom feels that he could possibly do those things himself from here on out, but feels that he’ll stick with an Acquisitions Advisor for future acquisitions as well simply because the expertise the Advisor had made his role much simpler and the process more streamlined. Find out more on this episode.

 

What are the funding options for acquiring another company?

 

Jim and Jason asked that question of Tom Hilaris in this episode and his answer came from his experience in leading his company in 2 acquisitions. He says that owner financing is obviously the best deal if you can make it work, but most owners who are trying to sell are wanting out of the situation entirely and aren’t open to carrying the financing. They want to take the cash from the sale and leave. That means that other types of financing will be required and Tom found that the tight formulas used by the larger banks made it impossible for his smaller manufacturing company to get financed with them. He wound up going with a smaller bank that took other things into consideration. Find out what options might exist for your situation by listening to Tom’s advice on this episode.

 

Hear the 3 fundamental things to consider when looking at a possible acquisition.

 

The lessons we learn from experience are often the best ones, and Tom Hilaris shares 3 important things to keep in mind when you’re considering the acquisition of another company. First, he cautions that you make sure you have the right motives for making the move, second, that you figure in at least 3% more than the costs that show on paper for related expenses, and third, take into account the cultural impact the acquisition will have on your employees and the employees of the incoming company. Hear more hard-learned wisdom from Tom on this episode of Making Chips!

Outline of this episode

 

  • [1:17] Extended promotion of www.OnlineMetals.com from Thyssen Krupp (sponsor). Get your 15% discount by using the code CHIPS2 (through September 2015)

  • [3:12] Business news: Acquiring a new business as part of your current business?

  • [5:17] Introduction of our Guest: Tom Hilaris, CEO of Ergoseal.

  • [6:16] Tom’s recent experience acquiring companies to add to his present company.

  • [7:12] The motivations involved in buying and selling companies.

  • [8:29] The steps Tom took to begin acquiring companies and how they navigated the journey.

  • [9:34] What is an acquisitions advisor? How does his role help in the process of acquiring a company?

  • [11:24] Gaining a product line through an acquisition - the benefits Tom experienced.

  • [12:31] How gaining the customer list of an acquired company boosted sales, etc.

  • [14:11] Tom’s decision to acquire a second company that was in the same building his company was in.

  • [15:22] How an acquisition could be a good option for older owners who are thinking of liquidating.

  • [15:59] How the advisor helped them determine the costs and projections for the acquisition.

  • [18:09] What is the best approach to finding funding for a company acquisition, and what hurdles or roadblocks might you experience?

  • [21:50] The impact federal regulations have on business financing for acquisitions and growth.

  • [22:47] The 3 fundamentals to consider when thinking about an acquisition of another company.

  • [25:07] Be careful of the overall costs - add 3% to what you see on paper.

  • [27:40] Tom’s plans for further acquisitions.

  • [28:44] Contact Tom Hilaris on LinkedIn.

  • [29:19] Please comment or interact about these issues on the show notes page www.MakingChips.com/38

 

Links mentioned in this episode

 

Connect with Tom Hilaris through his LinkedIn Profile - https://www.linkedin.com/pub/tom-hilaris/5/552/a45

 

Tom’s company - Eergoseal - http://www.ergoseal.com/

 

www.MakingChips.com/contact

 

Or call us at 312-725-0245

 

Tweets you can use to tell others about the episode

 

Benefits of company acquisitions, on this episode of Making Chips http://www.MakingChips.com/?p=628

 

There are more ways to #GrowYourNusiness than adding customers http://www.MakingChips.com/?p=628

 

3 fundamentals to consider when looking to acquire another company http://www.MakingChips.com/?p=628

 

Add 3% to the acquisition costs you have on paper - here’s why http://www.MakingChips.com/?p=628

 

Company culture is a huge consideration when acquiring another company http://www.MakingChips.com/?p=628

Sep 2, 2015

In this great part-two episode, Jason and Jim continue their conversation with Sarah Caldicott. Besides being an extremely intelligent student of business and innovation, Sarah is an author and the great grandniece of Thomas Edison. Her study and writing is largely based on her own interest in her famous relative who was not only an amazing inventor, but also a manufacturer in his own right. Listen in to hear tales of Edison’s life and systems and why his contributions to the manufacturing industry continue to impact us today.

 

Thomas Edison’s “systematic innovation”

 

Edison had a process that he followed to not only innovate in his own thinking and processes, but to encourage innovation in his employees. It was a different way of thinking which included many aspects, including collaboration, product creation, and looking at issues from a variety of angles. He demonstrated that true innovation comes about by truly getting outside the conventions that exist to approach situations and problems in different ways that provide new solutions to the problem. Listen in as Jim and Jason chat with Edison’s great grandniece, Sarah Caldicott.

 

“Charismatic optimism” is how Sarah Caldicott (Thomas Edison’s great grandniece) describes his attitude

 

It’s more than a “rah-rah” mindset that is filled with unrealistic fluff. It’s a “can do” mindset that sees opportunities where others see obstacles. Edison was legendary for that kind of optimism even in the face of incredible difficulty or tragedy. In this episode Sarah shares quite a few instances of how Edison pushed through difficulties to accomplish incredible breakthroughs and turns a corner to help you see how that kind of attitude can become infections in your company, enabling you to accomplish more, innovate to a greater degree, and become more profitable. That’s on this episode, so listen in.

 

Better educated employees make for a more productive and innovative company

 

Thomas Edison had a library IN his manufacturing facility that contained over 50,000 volumes. He encouraged his employees to borrow books from the library to read, learn, and grow at all times. His belief was that employees who were growing in their knowledge and in their ability to see and recognize patterns. He believed that individual growth in his employees would make them better employees and enable his company to thrive and innovate even more. Hear the entire story by listening to this episode of Making Chips.

 

When you assess things, how are you at “engaging other senses?”

 

Thomas Edison had a summer home in Florida, at which he had a manufacturing facility, garden, and many other atypical things. He loved to get out into the gardens and feel, smell, and experience natural things. He believed natural things could be used as inspiration and even elements of the design itself. As an example, the first filament Edison used in the light bulb was made of bamboo. Listen in to hear Sarah Caldicott’s take on how manufacturing leaders can engage all of their senses in the manufacturing realm, all on this episode.

Outline of this episode

 

  • [0:58] Do you know what the “L” at the end of a metal designation means? (sponsor)

  • [8:14] Thomas Edison’s “systematic innovation” and what it means for manufacturers today.

  • [10:01] The different way of thinking Edison used and how it integrates with collaborating with others, creating products, etc.

  • [11:43] How Edison’s positive mindset helped him differentiate himself from others in industry.

  • [12:35] How non-product-creating manufacturers can bring innovation to their organization.

  • [14:05] How anticipating a client’s needs is powerful in helping them make the decision to go with your proposal.

  • [15:09] How to move forward in collaborative ways once an order is placed.

  • [16:10] How you can develop your brand with potential customers.

  • [17:00] What is charismatic optimism and how can leaders employ it to be better leaders and business owners.

  • [18:09] How a tragedy in Thomas Edison’s career was turned around to become an opportunity instead of a liability.

  • [19:59] The reason Making Chips exists and how Edison’s story inspires that goal.

  • [20:50] How Thomas Edison encouraged learning in his employees, and why he did it.

  • [22:05] How Jason is following Edison’s model to raise the bar for his employee’s productivity and the company’s success long-term.

  • [23:01] How Edison was a fan of “engaging other senses.”

  • [24:43] Thomas Edison’s experiments with using natural substances for manufacturing.

  • [25:34] How manufacturing leaders should use a notebook as Edison did.

  • [29:38] How to connect with Sarah.

 

Links mentioned in this episode

 

www.OnlineMetals.com - Thyssen Krupp’s website - our sponsor.

 

Midnight Lunch - Sarah’s book

 

Innovate Like Edison -  Sarah’s other book

 

Sarah’s website - www.SarahCaldicott.com

 

www.MakingChips.com/contact

 

Or call us at 312-725-0245

 

Tweets you can use to tell others about the episode

 

Learn the #1 way to boot up your mind and become an innovator

 

What was in Thomas Edison’s notebooks, and how it can help you innovate

 

Why Thomas Edison encouraged his employees to learn and grow… in this episode

 

What is charismatic optimism & how can leaders employ it to be better leaders & business owners.


How non-product-creating manufacturers can bring innovation to their organization

Aug 26, 2015

 

Thomas Edison was an undeniable genius. His processes and inventions still influence the way we live our lives today. Today’s conversation is one that will turn the lights on (no pun intended) for you and your manufacturing team if you’ll open yourself up to some ways of thinking about how you run your business. Today’s guest is Sarah Caldicott, author and great grandniece of Thomas Edison. Her new book “Midnight Lunch” profiles many of the strategies of collaboration and innovation that came out of Thomas Edison’s work teams, and delves into the ideas you can draw from his example to make your manufacturing company a game changer in the industry.

 

Thomas Edison didn’t believe in a hierarchical company structure

 

Don’t misunderstand, he was entirely “in charge” of the companies he created, but he was never a dictator or one who felt he had to come up with all the answers. He fostered a climate of cooperation and peer relationships that served to spark innovation and creativity in ways most manufacturing companies today can only dream of. Sarah Caldicott shares stories of Edison’s amazing work habits and approach in this episode of Making Chips, and in doing so provides practical ways you can adjust your approach to innovation and product development that could transform your place and impact on the manufacturing industry.

 

What would happen if the teams within your company engaged in more dialogue and debate?

 

At first, the idea might sound a bit out of control, or difficult to manage. But we’re not talking about adversarial debate, here, we’re talking about challenging, constructive, goal-oriented debate that brings about new ideas and fresh ways of thinking. It’s the type of atmosphere Thomas Edison built into every one of his many companies, and the type of synergy that enabled him to bring so many world-changing inventions to the world. Sarah Caldicott highlights how that happened and provides ideas about how modern manufacturing companies can apply the same approach to become innovators in their niche of the manufacturing industry.

 

If you can cross-train your employees you’ll be able to create a greater synergy.

 

That’s a principle straight out of Thomas Edison’s own approach to building and working with teams. He found that having team members adequately trained to work in multiple areas and even on different projects enabled the team as a whole to come up with better ideas, see other options, and approach difficulties with fresh eyes. Nobody was allowed to stay locked in one area of expertise but rather was encouraged (even required) to step into other projects that grew and challenged their thinking and abilities. The end result is that Edison’s teams were able to pioneer 6 distinct industries within 30 years, all which are still with us today. Find out more from Sarah Caldicott as she discusses her newest book, “Midnight Lunch” on this episode of Making Chips.

 

What was the only reason Thomas Edison ever got angry with an employee?

 

Was it when they failed to reach a designated goal? Was it because they made a huge mistake? Was it because they failed to do what they’d been told to do? None of those are the reason. Thomas Edison only got angry with employees when they were careless. Carelessness means they weren’t “taking care” to think through the eventualities and possibilities of what they were doing and to safeguard against bad results as much as they were able. How does that approach shed light on your attitude toward employees? How can you adjust to make the environment in your company more amenable to cooperation and collaboration? Find out how  Edison’s approach could help you grow in those areas, on this episode.

 

Outline of this episode

 

  • [1:06] Welcome and introducing Sarah Caldicott, great grandniece of THE Thomas Edison.

  • [1:40] Calls to action for this episode

  • [2:08] Introduction of Sarah, her background, experience, and current projects.

  • [3:47] Sarah’s summary of her newest book, “Midnight Lunch,” and how it came from the practices and experiences carried out in the workshop of of Thomas Edison himself.

  • [7:23] How a 5 person company could create great innovations in the Manufacturing Industry.

  • [8:00] The importance of hiring people who are not like you to be part of your team.

  • [8:20] The importance of dialogue and debate on a team.

  • [9:05] Trying to create “low social distance” in your manufacturing business - a non-hierarchical work climate.

  • [11:10] How Thomas Edison did cross-training and encouraged synergy among his teams.

  • [13:17] Taking the concept of the “midnight lunch” to a small manufacturing company.

  • [15:00] How dialogue and collaboration spark innovation in a company.

  • [16:51] Collaboration as “discovery learning.”

  • [17:38] How Thomas Edison created 6 industries in 30 years.

  • [18:36] The only reason Thomas Edison got angry with people on his teams.

 

Links mentioned in this episode

 

Midnight Lunch - Sarah’s book

 

www.MakingChips.com/contact

 

Or call us at 312-725-0245

Aug 19, 2015

The last episode of Making Chips featured a conversation with Hernán Luis y Prado, U.S. veteran and founder of Workshops for Warriors. This episode is a continuation of that important conversation. Hernán is passionate to see two things: the manufacturing industry rebuilt in a sustainable, truly effective way, and the reintegration of veterans into the American society and workforce. Hear how Workshops for Warriors is doing that in their San Diego training facility and how they have achieved 100% job placement - in this episode of Making Chips.

What should an employer consider when employing a veteran as opposed to someone else?

When Hernán Luis y Prado, the founder of Workshops for Warriors was asked that question, his answer was shocking and immediate. He said he doesn’t care who manufacturing leaders hire, he just cares that they hire and train people to prepare for the devastating problems that could hit the manufacturing industry if another huge demand were to hit. His heart is for veterans to be trained for the manufacturing industry because of their level of expertise and ability to produce on a level that is unmatched, and they are ready to be trained now. Find out more about how Hernán is changing the manufacturing industry on this episode.

Workshops for Warriors is really just a drop in the bucket.

Though the work they’re doing is amazing and powerful, Workshops for Warriors is a very small part of the help the manufacturing industry needs. At this point there are 150 locations around the United States where a similar training facility for veterans could be established and thrive. And Hernán Luis y Prado believes those 150 facilities are vitally needed. What can you do to help meet the need the manufacturing industry is facting? Find out on this episode of Making Chips.

Hernán Luis y Prado’s biggest disappointment in running Workshops for Warriors…

has been an ongoing problem since the organization first began, and it’s a responsibility he takes squarely on his own shoulders. He is disappointed that he’s been unable to effectively communicate, to successful, intelligent people, why they need to be active in ensuring that the manufacturing industry is supplied with competent, trained workers not only now, but for generations to come. In his mind, if the manufacturing leaders of today don’t get on board to help supply a vast pool of qualified workers for the industry, the entire industry will fall prey to some terrible effects in the near future. Find out more about how you can get involved, on this episode of Making Chips.

The cannibalization of the manufacturing industry is a very real possibility.

What does that mean? It means that when the demand for skilled workers for the industry is so great, like it is right now, the tendency is for the larger companies to entice workers at smaller companies away from their jobs, which clearly benefits the large company short-term, but could be a devastating blow to the smaller company, which will hurt the entire industry in the end. The fact is that there is plenty of work to go around and every company that is producing quality products is needed to meet demand. What is needed is effective and thorough training of a new workforce for the manufacturing industry, and Workshops for Warriors is leading the way. Learn how you can avoid that kind of short sightedness by supporting Workshops for Warriors, on this episode.

Outline of this episode

  • [1:06] Tyssen Krupp - Defined Vendor Management Systems for material applications.
  • [3:07] What should an employer consider when employing a veteran as opposed to someone else?
  • [3:34] The need for more manufacturing workers and the danger of cannibalization in the manufacturing industry.
  • [4:51] 100% job placement through Workshops for Warriors.
  • [5:16] The Workshop for Warriors visit to the White House.
  • [6:40] 150 locations that are ripe for another facility similar to Workshops for Warriors.
  • [9:02] The main two main pain points Workshops for Warriors has.
  • [9:57] What is needed from the manufacturing community to meet the vast need.
  • [10:27] The biggest holdup to people getting involved in training more manufacturing workers.
  • [12:31] A story of Workshops for Warriors’ success.
  • [14:08] The greatest disappointment Hernán Luis y Prado has experienced with Workshops for Warriors.
  • [15:09] The personal cost Hernán is paying to get veterans trained.
  • [15:46] Your opportunity to get involved supporting Workshops for Warriors.
  • [17:01] How you can help WFW on a political level.

Links mentioned in this episode

www.TKMNA.com - The Tyssen Krup website (sponsor). Use the code CHIPS2 to get 15% off!

www.MakingChips.com/WFW - Make your contribution to help Workshops for Warriors

www.WorkshopsForWarriors.org

www.MakingChips.com/contact

Or call us at 312-725-0245

Aug 12, 2015

There is a problem in the United States among Veterans of the U.S. Military

 

After sacrificing a great deal to protect their homeland, U.S. Veterans often struggle to find their place in civilian society. It’s especially difficult for those who are injured or disabled and come home to industries and jobs that are not suited to their newfound disability. Many fall into drug use, crime, and other non-productive walks of life. Workshops for Warriors is the vision of one man, a veteran himself, who saw the need and stepped into the gap to make a way for those oft forgotten heroes to find a place of productivity in the society they have given so much to serve. This episode of Making Chips highlights the efforts of  Hernán Luis y Prado, founder of Workshops for Warriors.

A painful need, right in front of him.

 

Hernán Luis y Prado came face to face with the debilitating problems many wounded warriors face when trying to reintegrate into American society when he encountered a fellow serviceman who’d lost his legs in service to his country. It was at that point that he realized that many have made tremendous sacrifices in service to their country, and through nobody’s fault, are being left to fend for themselves when it comes to the rest of their lives. That’s when he began developing a plan to train and equip disabled veterans to move into the manufacturing industry as productive workers. Find out more on this episode.

 

How many 18 year olds are used to being responsible for million dollar pieces of equipment?

 

That’s a question Hernán Luis y Prado asks when he is asked why veterans make ideal candidates for important careers in the manufacturing industry. He’s making the point that their experience in the military has trained them to take technical demands and needs very seriously, and they know how to put that expertise to use. It’s second nature, and one that can be redirected to energize and reinvigorate the U.S. manufacturing industry. The slogan of Workshops for Warriors (Hernán’s organization) is, “Rebuilding Manufacturing, one veteran at a time.”  Find out how he’s doing that on this episode of Making Chips.

 

Manufacturing equipment, redesigned to accommodate wounded warriors.

 

That’s one of the many steps Workshops for Warriors has taken to make it possible for those who have given it all for their country to be able to do valuable jobs in the manufacturing industry so they can once again serve their country with distinction. WFW also provides training in many areas, computers, machinery, welding, all with a focus on enabling veterans to continue to provide value to the country in important ways. If you, or someone you know is in need of this kind of specialized training, listen to this episode to find out more about Workshops for Warrior’s varied programs.

 

But that’s not all of the conversation…

 

We’re just getting started. Part 2 of this important conversation will publish next week, and Hernán Luis y Prado will reveal more of what Workshops for Warriors is doing for disabled and returning veterans, the kinds of training they provide, and how you and others you know can get involved with their programs and training school to build a career in the manufacturing industry. It’s a continuation that you won’t want to miss, so listen to part 1 here, and watch for part 2 next week.

Outline of this episode

 

  • [0:01] Welcome to this episode of Making Chips - THE Podcast to equip manufacturing professionals!

  • [0:17] Introduction to today’s guest - founder of Workshop for Warriors

  • [1:04] Featured audio from Workshop for Warriors - a look into what the organization does.

  • [4:15] Introduction of Hernán Luis y Prado, founder of Workshops for Warriors.

  • [6:02] Hernan’s service in the U.S. Military and his journey to starting Workshops for Warriors.  

  • [11:42] The specialized welding equipment for disabled veterans Workshops for Warriors has created.

  • [13:28] How the dream began in  Hernán’s garage and moved on from there.

  • [15:59] The U.S. problem with equipping veterans to reintegrate into society.

  • [17:45] The problem with drug abuse and crime among U.S. veterans.

  • [19:34]  Hernán’s transition to working with WFW full time.

  • [22:35] The first training programs WFW was able to begin.

  • [23:02] The Workshops for Warriors facilities - what they have and the programs veterans can take advantage of to receive training.

  • [25:34] How the U.S. Military uniquely equips veterans for the manufacturing industry.

 

Links mentioned on this episode

 

www.WorkshopsForWarriors.org

 

www.MakingChips.com/contact

 

Or call us at 312-725-0245

Jul 29, 2015

The nature of things in the manufacturing industry has changed. Gone are the days when a physical filing system will adequately contain all the documents and resources you need to help your company thrive. The technology era is here and the manufacturing leaders of the future will be the ones who are able to stay on top of the ever changing technical world and use it to the advantage of their company and employees. In this episode of Making Chips, Jim and Jason point out 3 tools they use consistently that enable them to stay on top of their workload and lives.

 

Email is more than it used to be

 

Most manufacturing leaders have been using email for a long time. But are they using it to its fullest potential? Email platforms have changed dramatically, no longer serving as a digital post office, but also integrating with other applications to provide powerful tools for use in your manufacturing company. In this episode, Jim and Jason talk about how they use Gmail and the integrations it has with the Google product suite.

 

An organized business is a profitable business

 

In a day when more and more of the resources we use in our manufacturing businesses are becoming intangible through the avenue of digital media, manufacturing leaders must stay on top of the changes in order to keep their shops ordered and running smoothly. Diagrams, schematics, work orders, quotes and estimates, all of these and a thousand other things are being transmitted and stored digitally and need to be available at a moment’s notice. Do you have systems in place that enable you to manage the digital flood? Listen in to this episode to hear Jason and Jim’s recommendations of applications that can help you do exactly that.

 

Where is that to-do list?

 

Isn’t it maddening when you have been so careful to write down your tasks and responsibilities so you won’t forget them, but then you lose the list? It’s happened to all of us, but in today’s digital world we don’t have to fall prey to such things anymore. Now there are software solutions for computers and smart devices that will automatically sync on your phone, computer, and via the internet to the storage cloud. No matter where you are, you can log in and find the information you’ve saved. Platforms like Evernote, OneNote, and Dropbox put your resources at the tip of your fingers. Listen in as Jason and Jim tell you the software they use and how it helps with their business.

Dropbox to the rescue

 

In this episode of Making Chips, Jim and Jason highlight one of their favorite online tools, Dropbox. If you’re not familiar with Dropbox, it’s an online service that allows you to store documents, spreadsheets, images, audio and video files, and much more “in the cloud” (on the internet) so that it’s available for use anywhere you have access to a computer. But just as important is Dropbox’s ability to sync the files to your device so you can always have your documents and resources available even if you don’t have an internet connection. Listen to hear how Dropbox has helped Jason and Jim organize and run their manufacturing businesses.

 

Outline of this episode

 

  • Welcome to this episode of Making Chips - THE Podcast to equip manufacturing professionals!

  • Introduction to the topic: Management Tools for Manufacturing Leaders

  • Tool #1: Email - both Jason and Jim use Google apps for business - and why they prefer it to an in-house server system.

  • Tool #2: Evernote: A great tool for capturing thoughts, to-dos, recording lists, document storage via images, and even task management. Microsoft OneNote is an Evernote alternative that comes native on many new devices.

  • Tool #3: Dropbox: A cloud storage and syncing platform to make files, large or small, available to you wherever you are.

  • The problem of having too many software applications.

 

Links mentioned on this episode

 

Google apps for business - https://www.google.com/work/apps/business/

 

Evernote - https://evernote.com/

 

OneNote - https://www.onenote.com/

 

Dropbox - https://www.dropbox.com/en/

 

www.MakingChips.com/contact

 

Or call us at 312-725-0245

Jul 22, 2015

Why are employee annual reviews a bad idea?

 

It’s not the idea of having a meeting with employees that’s a bad idea, it’s the verbiage we use to describe what is happening. An “annual review” or “evaluation” has a top-down implication that puts the employee in a helpless and often defensive posture. They are going to be evaluated, rather than a much more positive approach that could enlist the employee in their own performance improvement. In this episode of Making Chips Jim and Jason speak again with Karla Dobbeck, a Human Resources specialist who is focused on the manufacturing industry. Karla shares her preferred approach to what she calls “Proactive Discussions” that actually get the employee involved in their own evaluation and improvement to create a winning team across the board.

 

Do you know what questions to ask during an employee review?

 

First, did you notice we said, “questions to ask” rather than “things to say?” A successful proactive employee discussion should be couched in terms that encourage employee interaction and show great interest in the employee’s well-being and future. You don’t want to grill your employees or make them leave the conversation feeling scolded or critiqued. You want them to leave feeling helped and motivated toward improvement. That means you’ve got to show interest in them and their approach to the work they are doing by asking questions. That approach has a greater chance of creating a win-win situation for everyone. Find out what kind of questions you need to ask in your annual reviews… oops, proactive discussion - on this episode of Making Chips.

 

There are two types of conversations employers need to have with employees - and they are not only done annually.

 

Do you know what they are? Do you know why you should shoot for having them more than annually, like a typical “annual review?” Here they are - performance conversations and behavioral conversations. What’s the difference? Let’s start with the behavioral conversations:

 

Behavioral - These are talks you have with employees about specific behaviors they are guilty of that need correction or modification. Examples could be use of phones on the shop floor when it’s prohibited, or an apparent refusal to comply with a certain usage technique on a new machine. With behavioral conversations you need to talk about the issue when it arises.

 

Performance - These conversations are planned conversations where you as the employer are being proactive to address the employee’s performance, positive as well as negative, for the sake of coaching them to greater levels of accomplishment and competence. Performance discussions should be introduced a few weeks ahead of time so the employee can come prepared for the talk, and should be done regularly - perhaps annually, but preferably more often.

 

Never center your proactive discussions with employees around money

 

The typical annual review contains a significant amount of discussion of salary, raises, etc. But when you’re making the move to these new style proactive discussions, you want to have conversations about money completely separate from the performance discussion. The point of the proactive discussion is to coach, consider options, and draw the employee into their own career advancement path in a deliberate way. You want them involved in thinking through the ways they can become an even greater asset to the company and how they can build their own skill set to put them in a place where other opportunities can open up to them. Find out why Karla Dobbeck, Human Resources Specialist, recommends you keep money-talk out of the annual review in this episode of Making Chips.

 

Be careful about giving “bonuses” to your employees

 

Karla Dobbeck recommends that you find other ways to reward employees besides the typical “bonuses” that are a part of the annual review conversation quite often. Why? Because there are negative legal and tax implications to giving bonuses that you may not be aware of. If you want to motivate better performance as part of your proactive conversations with employees, find other creative ways to do that. Bonuses could bite you in the end. Find out more about the negative consequences of giving bonuses and what Karla recommends as alternatives in this episode.

Outline of this episode

 

  • Welcome to this episode of Making Chips - THE Podcast to equip manufacturing professionals!

  • Jim’s proactive search for new equipment - what and why.

  • Proprietary materials Jason has discovered from Thyssen Krupp (sponsor).

  • Introduction of Karla Dobbeck, Human Resources Professional and Specialist.

  • The headaches and benefits of acronyms.

  • Why Karla doesn’t like the “grading system” of Employee Evaluations (she doesn’t like to use the words “evaluations” or “review.”

  • How to approach these proactive discussions - 3 to 4 weeks ahead and at the time of the discussion.

  • The types of questions to ask during one of these discussions.

  • How to partner with the employee to create a plan to improve an employee’s performance.

  • Why Jason’s approach is not an “annual review” type discussion - and how Karla responds to his approach.

  • How to start on a better road to employee relationships with you, their employer.

  • The two types of conversations employers should have with their employees: performance and behavior.

  • Why these conversations should NOT be centered around money (salary increases, etc.).

  • Jason gives a real-life type scenario for Karla and Jim’s responses - what to do?

  • How bonuses fit into these discussions and the legal implications of bonuses.

  • How to leave comments on this episode.

 

Links mentioned on this episode

 

http://www.OnlineMetals.com (sponsor for this episode)

 

Karla Dobek’s website - http://www.askhrt.com/

 

www.MakingChips.com/contact

 

Or call us at 312-725-0245

 

Tweets you can use to tell others about the episode

 

Nobody should come into the workplace and have their job done to them - Karla Dobbeck http://www.MakingChips.com/?p=578

 

#Employers are responsible to #coach and #equip their #employees in an ongoing manner http://www.MakingChips.com/?p=578

 

Why you should not talk about #money in your #EmployeeReviews http://www.MakingChips.com/?p=578

 

Why #AnnualReviews are not a good idea - on this episode of #MakingChips http://www.MakingChips.com/?p=578

 

The two types of conversations #employers should be having with #employees regularly http://www.MakingChips.com/?p=578

 

Jul 15, 2015

Outsourcing jobs to China and other countries used to be the most affordable option for many manufacturing companies. But changes to the global economy have caused changes that make it not only affordable, but even advantageous for U.S. Manufacturers to bring jobs home. Harry Moser is a veteran of the manufacturing industry and upon retirement he took the initiative to being an organization focused on doing exactly that. Find out more about The Reshoring Initiative and what it’s doing to promote the return of jobs to the U.S., on this episode of Making Chips.

 

It’s cheaper to send jobs overseas… or is it?

 

That used to be the wisdom of the day, but the rise in wages in China and other places has caused the advantages of offshoring jobs to diminish year after year until we’re at a place where it’s actually better to keep jobs onshore in the U.S. Harry Moser and the Reshoring Initiative have developed many great studies that show the effects of offshoring VS reshoring and are convinced that the benefits of bringing jobs home to the U.S. far outweigh the once-existing perks of sending jobs offshore. Find out how Harry’s organization is helping educate the manufacturing industry, and how you can use their free tools to determine why it might be time for your company to bring jobs home.

 

How can you know if it’s smarter to bring your manufacturing jobs back home?

 

There are so many variables in figuring out your costs for offshoring or keeping jobs in the U.S. it can be very confusing. But Harry Moser and The Reshoring Initiative are working hard to simplify the evaluation. One of the ways they’re doing that is by providing free online tools to estimate what they call “Total Cost of Ownership,” which can help you gauge the overall, true costs of bringing outsourced jobs back to the U.S. It takes into account all the variables you might encounter to provide a great overall picture of both options for comparison. Find out how to access the Total Cost of Ownership Estimator in this episode of Making Chips.

 

Why are many companies bringing jobs back home to the U.S.?

 

There are likely as many reasons as there are companies, but one of the main reasons is that companies are learning from their mistakes. Years of outsourcing manufacturing jobs has shown us the true costs of sending jobs overseas, and in many cases the advantages were not as beneficial as we once thought. Smart CEOs and owners are reassessing the choices of the past with an eye toward cutting costs through bringing jobs back to the U.S. Find out if you’ve made some of those same mistakes and how you can move toward cutting costs in your business, on this episode of Making Chips.

 

Webinars about reshoring manufacturing jobs

 

The Reshoring Initiative is doing many things to educate manufacturing leaders about the benefits of bringing jobs home, benefits that didn’t exist even 10 years ago. Harry Moser covers many of the programs and offerings the Reshoring Initiative offers in this episode of Making Chips. One of those resources we’d like to highlight are the many webinars they’ve held to make the case for reshoring. You can find those webinars on the Reshoring Initiative website ( http://www.reshorenow.org/webinars/ ) and find out more about the purpouse and goals of the Reshoring Initiative on this episode of Making Chips.

Outline of this episode

 

  • Welcome to the podcast - from Jason and Jim.

  • Updates from Jason about his trip to Korea - he visited a manufacturing company there (YG1).

  • Jim’s new marketing plan for Carr Machine and Tool and the revamp of the company web site.

  • Making Chips goes on the road - the grand opening of a new, innovative hardware store in San Diego, California - July 21st, 4 to 6 PM. See the invite below to meet Jim and Jason if you’re in the area.

  • Jim’s introduction of today’s guest: Harry Moser, President of “The Reshoring Initiative.”

  • What sparked Harry starting The Reshoring Initiative - practically and emotionally.

  • How does a manufacturer take advantage of the opportunity to “reshore” their manufacturing?

  • How manufacturers are able to use the Total Cost of Ownership Estimator.

  • Why it’s now possible for U.S. manufacturers to bring jobs back home (what’s happening in China - the main place jobs have been outsourced).

  • Are wages less of a factor in our day, in the U.S. and in China?

  • What is localization, and why does it matter for U.S. manufacturers?

  • How companies have learned from their mistakes when it comes to the decision to outsource manufacturing offshore or to keep it onshore.

  • How do manufacturers identify the most important factors relating to whether they should bring their manufacturing back onshore?

  • How wastes are made worse through offshoring manufacturing jobs.

  • Harry’s conversation with President Obama and what he encouraged the White House to do to bring jobs back to the U.S.

  • How to find out more about the Reshoring Initiative and how you can use their free resources to estimate your costs of reshoring outsourced jobs.

 

Links mentioned on this episode

 

http://www.MakingChips.com/18 - The episode that covers the new innovative hardware store.

 

http://www.OnlineMetals.com (sponsor for this episode)

 

The Reshoring Initiative - http://www.reshorenow.org/

 

Free Online Total Cost of Ownership Estimator - http://www.reshorenow.org/tco-estimator/

 

Contact Harry at info@reshore.org

 

www.MakingChips.com/contact

 

Or call us at 312-725-0245

 

Making Chips on the road - Tuesday, July 21st, 4 to 6 PM - 10211 Pacific Mesa Blvd, San Diego - come in and say “If you’re not making chips, you’re not making money.” and get a free T-shirt!

 

Tweets you can use to tell others about the episode

 

#Reshoring manufacturing jobs is now affordable. Find out how on this episode of #MakingChips http://www.MakingChips.com/?p=574

 

If you’re not #MakingChips, you’re not making money - the Making Chips Podcast http://www.MakingChips.com/?p=574

 

#Manufacturing companies can now spend less by bringing #offshore jobs home. More on this episode http://www.MakingChips.com/?p=574

 

The #ReshoringInitiative to bring jobs back to the U.S. On this episode of #MakingChips http://www.MakingChips.com/?p=574


Cut costs in your #manufacturing business by bringing jobs home to the U.S. More on this episode http://www.MakingChips.com/?p=574

Jul 8, 2015

Every employer has to deal with the complex issues that are a part of employment law in the modern age. But they also have to run a shop that is well-tuned and efficient. Too often those two responsibilities conflict in ways that they don’t expect. In this episode of Making Chips, Jason and Jim are going to chat with Karla Dobbeck, a Human Resources specialist who has some very practical, insightful advice for manufacturing employers on how to deal with those “bad apples” that show up from time to time in a way that will protect you and your company from a legal standpoint.

Making an example of a troublesome employee

 

The old adage is true, “One bad apple will spoil the whole bunch.” In a manufacturing company, morale, attitudes, and overall contentment in the workplace can be dramatically impacted by an employee who refuses to comply with company policy or production and safety standards. Karla Dobbeck recommends that you deal with those bad apples in a way that is clearly outlined in your employment policies, and to do so quickly and without apology. Making an example of one employee is powerfully effective in communicating your company values and seriousness about keeping them, to the rest of the work force. Listen to the audio to find out more about how to do this legally and wisely.

Sometimes the answer is not more rules

 

When issues come up on the shop floor or in the break room the tendency of management can be to make another rule to cover that sort of situation. The problem is that before long the company will have so many rules that nobody can keep track of all of them, much less enforce them fairly and consistently. In this episode of Making Chips Jim inserts his opinion about the need for “rules” and that oftentimes the answer is not to create a new rule but to have a private conversation with individual employees who need correction or guidance. This not only addresses the issue at hand, but does so in a simpler way that builds relationship and company culture at the same time. Learn more about how Jim does this by listening to this episode.

Document, document, document

 

In our lawsuit-happy culture, it’s a sad but true fact that employers have to be very careful and clear when taking action against an employee for any reason. That’s why it’s important for every disciplinary or corrective action to be documented clearly by the employer so there is a paper trail both of the history of the offenses in question and of the actions that were taken each step along the way. This way, if the time comes when an employee has to be terminated, the employer has a strong case for the cause and need for the termination that will make their case in court, should it be needed. You’ll also be able to document your compliance with OSHA requirements. Karla Dobbeck has a wealth of insight into this subject and you can hear more on this episode of Making Chips.

The most common employment mistakes employers make

 

Karla Dobbeck has seen it all as a Human Resources consultant and advisor - the good, the bad, and the ugly. In this episode of Making Chips she shares what she considers to be the most common and most serious mistakes that employers make regarding employment law and gives common sense, practical advice on how manufacturing employers can avoid the same pitfalls. It’s worth the price of listening, so grab a cup of coffee, a pen and paper, and get ready to take some great notes that will help you improve your processes and procedures surrounding the employment practices of your company.

 

Outline of this episode

  • Social media as it relates to brand exposure - Jim’s story.

  • Making Chips is going on the road - to San Diego! Hear the details on this episode.

  • Invitation to be interviewed on Making Chips - give us a call - 312-725-0245

  • Human Resources for the Manufacturing industry with Karla Dobbeck.

  • When to “make an example” of a troublesome employee - cell phone issues, safety issues, etc.

  • When to create “rules” and when to rely on private conversations with individuals.

  • Dealing with employees who are chronically late or missing work.

  • Addressing issues where employees seem to be abusing break time.

  • Special considerations for employees who are pregnant mothers.

  • How to properly document employee problems and firing decisions.

  • Employment and termination mistakes most often made by employers.

  • How to deal with unemployment claims when an employee has been terminated.

  • Can part-time employees file for unemployment? Yes, in these situations.

  • How to avoid the “games” that keep bad apples in your company.

 

Links mentioned on this episode

 

Human Resource Techniques - Karla’s company -

 

Karla on LinkedIn -

 

www.MakingChips.com/contact

 

Or call us at 312-725-0245

 

Making Chips on the road - Tuesday, July 21st, 4 to 6 PM - 10211 Pacific Mesa Blvd, San Diego - come in and say “If you’re not making chips, you’re not making money.” and get a free T-shirt!

Jul 6, 2015

Today’s episode of Making Chips features a listener question. You can leave your question for Jim and Jason to answer by going to www.MakingChips.com to leave your question. They just might answer it on an upcoming podcast episode. Today’s question has to do with costing out a job. Is there a standard formula or way to price out jobs in light of workers who are manning more than one machine, etc.? Jim has years of experience in costing out jobs so he’s got a lot to share in this episode.

But first, some thoughts about the Making Chips growth curve

The Podcast has been going gangbusters. Jim and Jason are both amazed that there have been 13,00o downloads of the show that have happened since they first began. They're eager to put that influence to even more work for you as the show continues. So the guys first of all want to "thank you" for supporting the show and their work to inform, educate, and expand the manufacturing industry.

The guys also want to let you in on a materials sourcing company they've been working with. It's www.OnlineMetals.com. 24 hours a day you can go on this amazing website, receive materials quotes, and even order the products you need to fulfill your manufacturing orders. And if you use the promo code CHIPS and receive a 15% discount!

 Job costing

Do you know how to cost out a machining job? Do you understand how to figure in the wear on the machine, the cost of your overhead and operator wages, the type of material you’ll be using for the job, weight of the part you’re producing, and other variables? If you don’t, you need to listen carefully to this episode of Making Chips. Jim explains how he goes about costing out a job, including how he uses an excel spreadsheet to figure out the cost.

When you’re costing out a job, Jim has a powerfully practical tip to help you do the costing properly: take into consideration the size of the part you’re going to be working with on the job. A very large part is going to cost you more in terms of manpower and time. Jim sets a part of similar size on his desk to put the job into perspective. He’ll take it out to the machine and hold it up beside it to see how manageable it’s going to be. Don’t overlook this important consideration as you’re costing out a job in your shop. Listen in to find out more about how Jim goes about costing out jobs.

Costing out a job can also be a bit tricky when it comes to the type of material being used. Manufacturers need to keep in mind that material costs may differ widely when creating parts from various materials. That’s a variable that has to be kept in mind so you don’t under-cost a job and cost yourself the profit margin you should have. Jim shares his tips on how to go about doing that in this episode of Making Chips.

All this and more on this episode of Making Chips!

Here’s the outline this episode

  • The success of the podcast and a new supplier you can use - www.OnlineMetals.com
  • A listener question about the topic of this episode: How do you cost out a job, are there recommended ways to go about it? What about when the same operator is working multiple machines? The listener also had a second question about a “lights out” machine and how to figure costs using that sort of setup.
  • Making Chips is going to hit the road the third week of July 21, 2015- going to San Diego, CA. If you live nearby, come check it out and meet Jason and Jim. Say, “If you’re not making chips, you’re not making money” to get a free T-shirt.
  • An invitation to anyone who is familiar with "lights out machining." Can you serve as a resource to the guys? If so, contact them at www.MakingChips.com/contact
  • Five things to consider on Job Costing: Quantity - Type of material - Tolerance - Size of the part you’re making - Complexity of the part
  • How often Jim evaluates his shop rates and the things he looks at to do the evaluation well.
  • How Jim trains others in his company to do job costing.
  • Is it possible to create computer software to do job costing?
  • An invitation to you: ask us your question on the making chips website.

Links mentioned on this episode

www.OnlineMetals.com - get your 15% discount by using the code "MAKINGCHIPS"

www.MakingChips.com/18

www.MakingChips.com/contact

Or call us at 312-725-0245

Jun 17, 2015

We introduced you to Patricia Miller of Matrix IV back in episode 26 and in today’s episode we’re going to do a deeper dive into the challenges and victories Patricia has faced as she’s taken over the reigns of her family’s ailing manufacturing company. The insights she shares as a former marketer from the biotech field, looking into the manufacturing industry for the first time, are very insightful and worth a listen.

 

As Patricia Miller took over the reigns of her grandfather’s failing company she realized that she had her work cut out for her. The company was stuck in the 70s and had to pivot quickly or else it would die. Patricia took immediate steps to do a handful of vital things - 4 in fact - that she highlights in this episode of Making Chips.

 

First on Patricia Miller’s list of advice for those in the manufacturing industry is the vital need to build community and connection within the industry. She did exactly that after taking over as leader of Matrix IV, going to conventions and local meetups, using the internet to get to know other influencers and leaders within the manufacturing industry, and working to not only be known, but to get to know others in the community for the sake of mutual support and help as the industry moves forward in a new era.

 

Patricia’s marketing background comes into play as she looks at the way the manufacturing industry has traditionally done its own marketing - and she’s convinced that more time needs to be spent by company owners getting to know their market, asking their customers how they are doing at meeting their needs, how their needs are changing, and what they can do to better serve and enable their clients to achieve their business goals. Companies need to become more concerned with creating a positive experience for their customers and those who might use their services in the future.

 

As Matrix IV began to re-grow under the leadership of its new CEO, Patricia Miller, many challenges and hurdles had to be overcome. Morale and company culture needed attention immediately, as did the discovery of new pools or niches of customers so that the business could continue on a solvent path. On top of all that, Patricia had to discover how to add much needed employees to get the company producing effectively while balancing a very meager budget at the same time. You’ll learn a lot from Patricia’s advice.



All this and more on this episode of Making Chips!

.

Here’s the outline of part two of the conversation with Patricia

 

  • Patricia Miller from Matrix IV - inheriting a family business after a successful marketing career in the corporate world.

  • Through the eyes of a newbie - Patricia’s observations and advice to those who are in the manufacturing industry.

  • The power of community and connections within the industry and how Patricia made connections within the manufacturing community after taking over the helm at Matrix IV.

  • Why Patricia thinks it’s very important for manufacturers to truly understand their market, their clients, and how to create a positive position for them.

  • The first steps Patricia took to understand her market and customers.

  • The valuable presence and a path forward for the manufacturing industry in the U.S.

  • Why change is a great ally for manufacturing companies.

  • The first thing that had to change in her company when Patricia moved into the manufacturing industry.

  • How the culture in Patricia’s company has changed as she’s implemented improvements.

  • The challenges of adding employees to an older company.

  • The roadblocks experienced as the company experienced its re-growing pains.

  • What Patricia believes will be the next steps in the growth of Matrix IV.

Links mentioned on this episode

 

Part 1 of the conversation with Patricia Miller - http://www.makingchips.com/mc026-40-year-old-manufacturing-startup-with-patricia-miller-of-matrix-iv-podcast/

 

Patricia’s company - Matrix IV - http://www.matrixiv.com/

 

Episode 18 with Ray Ziganta

http://www.makingchips.com/the-third-place-for-engineers-with-ray-ziganto-mc018-podcast/

 

Episode 22 - Create your corporate snapshot

http://www.makingchips.com/taking-your-corporate-snapshot-podcast-mc022/

 

www.MakingChips.com/contact

 

Or call us at 312-725-0245

Tweets you can use to tell others about the benefits of vending systems

 

Is my #manufacturing company a positive experience for my customers? http://www.MakingChips.com/?p=516

 

Learn to market your #manufacturing company without a #marketing degree http://www.MakingChips.com/?p=516

 

A #thankyounote is one of the most powerful messages you can send to your customers http://www.MakingChips.com/?p=516

 

Change produces hope, even in the #manufacturing industry http://www.MakingChips.com/?p=516

 

Changing the culture in your manufacturing shop is hard, but worth it http://www.MakingChips.com/?p=516

 

Why #change is a great ally for #manufacturing companies that want to grow http://www.MakingChips.com/?p=516

Jun 10, 2015

Marketing is an important part of any business. It’s got to be because it’s how you let people know who you are and what you do. That’s something that can never change. But the WAY you marketing has GOT to change. Why? Because the world we live in changes. People are repulsed or attracted by different things today than they were even a few years ago. Marketing has got to flex with the times.

 

In this episode of Making Chips, Jim Carr and Jason Zenger walk you through their personal mindset about marketing for the manufacturing industry, focusing on the top old-school marketing tactics that don’t work in the modern era. Some of them are seen as “staples” of good marketing but simply don’t yield results and wind up wasting money. Listen in to find out what they are.

 

A peek into this episode: Interruption marketing. Do you know what that is? Do you know why it’s probably the WORST way to get attention for your manufacturing business? And do you know if you’re doing it or not? If you didn’t know what it was in the first place, chances are you are still doing it. Listen in to this episode to learn how to modify your marketing tactics so you can be more effective in generating interest in your services and products.

 

Do you use the Yellow Pages to market your business? Jim and Jason beleive the good old YP are a thing of the past as well. The ways people search for information have gone increasingly online and less toward print. The advent of smartphone technology is making that more true every day. The money you spend for those expensive yellow pages ads could be money wasted. Jim and Jason will explain it in the episode.

 

In manufacturing news, there’s a growing need for skilled, quality people in the manufacturing industry. Opportunities are abundant and more are popping up every day. There’s plenty of room for advancement and good salaries. Listen to this episode of Making Chips to find out more details about this great opportunity.

 

All this and more on this episode of Making Chips!

.

Here’s the outline of the conversation

 

  • The possibility of sponsorship opportunities for the Making Chips podcast.

  • News items: Quality people needed in the manufacturing industry.

  • No more interruption marketing - do you know what that means?

  • What about the yellow pages and manufacturing directories? Should you really be in there?

  • Are you a spammer? You might be surprised.

  • General radio advertisements.

  • Line cards, facilities lists, and brochures - do you need them?

  • What is permission-based marketing? It’s the new way marketing works today.

  • Do you know what inbound marketing is? You need to.

  • Jim and Jason’s personal top No-No’s of traditional marketing.

 

Links mentioned on this episode

 

www.MakingChips.com/contact


Or call us at 312-725-0245

Jun 4, 2015

That’s what Patricia Miller’s professional associates told her when she started investigating the possibility of taking over her family business after she’d already pursued and been successful at a career that included marketing, corporate leadership, and politics. Put yourself in her shoes and you’ll probably understand why they said what they did. She’d already experienced many perks that manufacturing leaders seldom do. Travel, posh offices, important connections - yet, she says her heart and her home pulled her back to take over her grandfather’s failing manufacturing business.

 

Welcome to Making Chips - THE podcast for manufacturing leaders and those involved in the manufacturing industry. Jim Carr and Jason Zenger bring you these shows week after week to help you keep on top of what’s happening in the manufacturing industry and to equip you to be the leader of your company as you desire to be.

 

Today the guys are talking with Patricia Miller in what is likely part one of a two part conversation. Patricia’s story is anything but typical. Though she was surrounded by the world of manufacturing as a child, spending time around her grandparent’s very successful machine shop, she never felt a draw to be “in” the family business. Her parents encouraged her to pursue her dreams and she did exactly that. But when her grandfather retired and his health failed, Patricia was at a juncture in her own life where she was choosing her next step. Suddenly, the option of taking over her grandparent’s business was a very real possibility that she’d not considered before.

 

In this episode of Making Chips you’re going to hear Patricia’s story of moving out of the corporate world to take over a manufacturing business that she admits was “stuck in the 70s” and on its last leg. It’s a story that testifies to the value and importance of long-time manufacturing operations and the leadership abilities of one amazing lady.

 

Grab your coffee, turn up the volume, and join Jim, Jason, and their guest Patricia Miller, CEO of Matrix IV as they discuss the process of moving a old-school manufacturing business into the modern era. On this episode of Making Chips.

 

.

Here’s the outline of the conversation with Patricia

 

  • The story of Matrix IV, beginning with Patricia’s grandfather and grandmother

  • Patricia’s experience as a child being around the world of manufacturing

  • Patricia’s education led her into corporate leadership, politics, pharmaceuticals, and everything BUT manufacturing

  • Patricia’s opportunity to take over the leadership of Matrix IV and how she came to that decision

  • The realization that the company was stuck in the 1970s and what Patricia did about it

  • The first steps toward rejuvenating a tired, old business

  • How 400% growth since Patricia’s arrival is spurring the business forward

 

Links mentioned on this episode

 

Patricia’s company - Matrix IV - http://www.matrixiv.com/

 

An article from “Plastics News” describing what Patricia has done with Matrix IV - http://www.plasticsnews.com/article/20141212/NEWS/141219962/new-leader-gives-molder-a-spark

 

www.MakingChips.com - sign up for the Making Chips newsletter & podcast posts automatically (your information is never given to anyone else).

 

You can leave a comment or add to the discussion on this episode by visiting http://www.MakingChips.com/25

 

Or call us at 312-725-0245

Tweets you can use to tell others about the benefits of vending systems

 

Old-school manufacturing has to move into the modern age. It’s a new day http://www.MakingChips.com/?p=490

 

My family encouraged me not to come back and take over the family business http://www.MakingChips.com/?p=490

 

I had done the things I wanted to do and decided to consider taking over the family business http://www.MakingChips.com/?p=490

 

90% of the business had gone offshore before I took over the leadership http://www.MakingChips.com/?p=490

 

I decided to take over this family business that was 6 months from having no cash http://www.MakingChips.com/?p=490

May 27, 2015

It’s a manufacturing renaissance

 

Where do you typically find the best employees for your manufacturing company? How do you go about finding them? As you’ll hear from Jim and Jason’s stories in this podcast episode, everyone gets into the business through a different path. But the guys believe there’s a huge reservoir of future manufacturing leaders in High School students.

 

Why High School students? Because they represent an untapped, teachable, ready-to-train class of workers who are in need of what the manufacturing industry has to offer. The shortage of qualified, motivated manufacturing workers illustrates how shop owners have to look outside the normal places to find workers who can not only get busy making chips, but can also become the manufacturing leaders of tomorrow. High School students might just fit that bill for you.

 

A manufacturing renaissance is happening here and now. It’s once again possible for a person working in the manufacturing industry to earn an income that can comfortably support an entire family and establish that family in society for years to come. It’s not about the dusty, dirty shop floor of your grandfather’s day. It’s a new day, a new, technically challenging opportunity for those who are willing to seize it.

 

Another reason you should look to High Schools for your next manufacturing leader is because of how the manufacturing career path stacks up against college. The average college student will leave school without a specific skill set, will enter their chosen career field at the very bottom rung, and will do so with a load of financial debt that will take years to repay. By contrast, the manufacturing industry has high paying jobs available now that the average High School graduate can take advantage of. They’ll move up faster and avoid accumulating the debt often associated with higher education or specialized training (the training is paid for by their employer in many cases).

 

Rethink your hiring process. Reconsider the places to get your employees and the future leaders in your company. Your business needs quality employees who are motivated to move up the ladder of success and your local High School may be the very best place to find exactly that. The manufacturing renaissance is here. Will you be a part of it?



Here’s a teaser: the 6 qualities every future manufacturing leader must have

 

  1. The ability to pass a drug test.

  2. Dependability.

  3. A basic understanding of High School math.

  4. Communication skills - this one is HUGE!

  5. Familiarity with manufacturing (Mechanical aptitude).

  6. The desire to receive further training and certification.

.

Here’s the outline of the conversation about

 

  • Jim and Jason’s personal paths into the manufacturing business and how they became manufacturing leaders.

  • Questions about a new or additional podcast. What do you think? Contact us to let us know. 312-725-0245

  • Jim and Jason travel to San Diego soon - connect with them to find out how you can connect while you’re there. 312-725-0245

  • The historical background of American prosperity and domestic stability as it relates to the manufacturing industry.

  • The very real shortage of qualified, motivated manufacturing leaders in the modern day.

  • Why Jim and Jason feel High School students are the ideal pool from which to draw your future manufacturing leaders.

  • Why the manufacturing industry demands a higher quality of worker.

  • 6 qualities every future manufacturing leader should have.

  • How the college path compares with the path into manufacturing.

  • How a High School grad could outpace college students through manufacturing, making better money and starting with little to no debt.

  • Jim’s pros and cons of hiring a High School student or graduate to become a manufacturing role of leadership.




Links mentioned on this episode

 

www.MakingChips.com - sign up for the Making Chips newsletter & podcast posts automatically (your information is never given to anyone else).

 

You can leave a comment or add to the discussion on this episode by visiting http://www.MakingChips.com/25

 

Or call us at 312-725-0245

May 20, 2015

If you are a manufacturing leader and you are not on LinkedIn, you don’t exist. - Jim Carr

 

That’s how strongly Jim feels about the power of having a presence on LinkedIn. It’s not just for job-seekers, it’s for anyone who wants to engage in dialogue and exchange of information in a business niche. Manufacturing is one of those and you might be surprised at the amount of information flowing back and forth behind the scenes through the LinkedIn network.

 

In this episode, Jim and Jason are going to walk you through 6 reasons you need to be on LinkedIn if you are (or want to be) a leader in the manufacturing industry. Some of these may seem like common sense, but others will surprise you.

 

Don’t neglect the conversations that are already happening on LinkedIn. You never know when you’re going to have the opportunity to get involved in a conversation, provide an answer to a question from your area of expertise, and as a result become known as a leader in your niche of the industry. That puts you on the radar of more people which eventually translates into sales, consulting and speaking opportunities, and who knows what else.

 

To top off the episode the guys are going to fill you in on 7 quick ways you can get started with LinkedIn (or get restarted) that will make it easy and smooth.

 

You owe it to yourself and to your company to create a strong LinkedIn profile and get involved in the conversations going on within the manufacturing industry on LinkedIn. It’s free, it takes only a small amount of time, and can be leveraged to great value in your manufacturing business. Listen in on this episode of MakingChips to find out how you can ramp up your LinkedIn activity and benefit your business.

.

Here’s the outline of the conversation about

 

  • Manufacturing news updates

  • Why LinkedIn is a powerful tool for manufacturing leaders

  • Relevancy matters - putting yourself on the radar of others in the industry

  • Connect with business partners

  • Building a digital “rolodex”

  • Create a platform for “thought leadership” in the manufacturing industry

  • Share what you do and create engagement with others in the industry

  • Drive traffic, inquiries, and sales

  • How to get started or restarted on LinkedIn (7 helpful tips)

 

Links mentioned on this episode

 

www.MakingChips.com - sign up for the Making Chips newsletter & podcast posts automatically (your information is never given to anyone else).

 

You can leave a comment or add to the discussion on this episode by visiting http://www.MakingChips.com/23

 

Or call us at 312- 725-0245

May 13, 2015

If you don’t know how to calculate SFPM, you’re losing money!

 

Every now and then we like to go to square one to discuss some fundamental issues surrounding the work done in the average machine shop. This episode is one of those episodes. Jim and Jason are talking SFPM - Surface Feet Per Minute in this episode. If you don’t understand what SFPM is, or if you don’t know how to calculate it, you need to listen in to this episode.

 

Properly calculating SFPM is a fundamental machine shop skill that enables you to do a handful of very important things:

 

  1. You’re able to optimize the work-flow of your shop.

  2. You do that by maximizing the rate at which you are making chips.

  3. This results in more money being made per minute.

  4. It also saves tools, materials, and time.

 

Every machinist, from novice to experienced must understand how to calculate Surface Feet Per Minute in order to do the very best job with every piece of material and with every tool. Without this knowledge they will wear out tools, destroy materials, and ultimately cost the company money, simply because of ignorance of this fundamental skill.

 

In this episode of Making Chips Jim and Jason also give some examples of how they go about managing the issue of SFPM in their shops, including the kind of conversations they have with employees about SFPM, how they can tell if SFPM has not been calculated accurately, and how to do the actual math to determine a proper SFPM number for the material and tools being used.

 

Yep, it’s basics. But the basics are important. So get ready to review (or learn for the first time) on this episode of Making Chips.

Here’s the outline of the conversation about corporate snapshots

  • Making Chips is going on the road the summer of 2015.

  • Why surface feet per minute is important for every machinist to understand.

  • How to find the SFPM for the materials and tools you are using.

  • The problems that can happen if you don’t understand SFPM.

  • How a misunderstanding of Surface Feet Per Minute can cost your company.

  • Calculating RPM for the material you are using.

  • How do you know if you’ve calculated SFPM accurately?

  • How Jim manages his employees regarding Surface Feet Per Minute.

  • The risks of SFPM mismatches.

  • Using the RPM to to calculate the feed rate based on the tool being used.

  • How IPR (inches per revolution) relates to SFPM.

  • The optimization of your workflow through proper use of SFPM in your shop.

  • Training entry level machinists to properly calculate Surface Feet Per Minute.

Links mentioned on this episode

 

www.MakingChips.com - sign up for the Making Chips newsletter & podcast posts automatically (your information is never given to anyone else).

 

You can leave a comment or add to the discussion on this episode by visiting http://www.MakingChips.com/23

 

Or call us at 312- 725-0245

Tweets you can use to tell others about the benefits of vending systems

 

If you’re not making chips, you’re not making money

 

If your machinists don’t know how to calculate surface feet per minute, you’re losing money

 

Why is surface feet per minute (SFPM) such an important calculation for your job shop?

 

How to find SFPM (surface feet per minute) in your machine shop.

 

How do you know if you’ve calculated SFPM (surface feet per minute) accurately?

May 6, 2015

 

A corporate snapshot that has nothing to do with a camera!

 

Shop owners know what they do because they do it every day. But how do you communicate your areas of specialty and expertise in a concise, powerful way so that your prospective clients are able to get it right off? That’s what a corporate snapshot is for.

 

In this episode of Making Chips, Jim and Jason invite 3 guests into the study who specialize in helping businesses create their very own corporate snapshot. Their guests are Jule Poulos (a previous guest from episode 19 of Making Chips), Ray Ziganto (another previous guest - episode 18 of Making Chips), and Jon Baklund (yet another previous guest - Making Chips episode 21).

 

Here’s a brief summary of 4 important questions that a corporate snapshot should answer:

 

  1. What we do as a company

  2. Who we are as a company

  3. Who we serve as a company

  4. Why we do what we do better

 

When you’re able to clearly and accurately define and express those 4 key issues about your company you unlock the power to do a couple of very powerful things…

  • You’re equipping your employees to become “sales people” through a clear vision of what you do as a company.

  • You’re able to more quickly identify your target clients and engage them in relevant conversations about their needs.

  • You’re better able to serve your clients through knowing exactly what your services can do to meet their needs.

 

This episode of Making Chips is full of practical, powerful advice about why you need your own corporate snapshot and how you can develop one. Listen in to the conversation to get started on your own corporate snapshot!

Here’s the outline of the conversation about corporate snapshots

 

  • Introduction of the guests on this episode: Julie, Ray, and Jim.

  • Metalworking tools.

  • The number one tool in your toolbox - a corporate snapshot.

  • The objective of a corporate snapshot.

  • How a corporate snapshot is the “home” for your elevator pitch.

  • 4 crucial components of a corporate snapshot - What we do - Who we are - Who we serve - Why we do it better.

  • Defining each of those 4 points in order to determine your marketing approach and target your message.

  • How a corporate snapshot empowers your employees to serve the customer.

Links mentioned on this episode

 

www.MakingChips.com - sign up for the Making Chips newsletter

 

http://www.bi-link.com

Tweets you can use to tell others about the benefits of vending systems

 

The number one tool in your toolbox is a corporate snapshot. Find out more on this episode.

 

A corporate snapshot empowers your employees to serve the customer.

 

Do you know the 4 crucial components of a corporate snapshot?

 

What is a corporate snapshot and why do you need one? On this episode of Making Chips


Briefly and powerfully tell the who, what, why of your company with a corporate snapshot

May 1, 2015

Today Jason and Jim are coming to you from Chicago, the “Windy City!” They are there because they’re chatting with Jon Baklund, a veteran tool and die maker who started in the manufacturing industry when he was 19. His father still works in the shop daily, and his wife works in the business as well - so it’s a true “family” business. His business, Baklund R & D is heavily involved in #d printing, which is a very intriguing new aspect of the manufacturing industry.

 

3D printing is a newer technology that is truly going to be a game-changer in the manufacturing industry. It’s one of those things that old-school folks may feel an urge to resist but our advice is to jump on board the train because it’s going to be moving out! Jon Baklund has one 3D printer in his shop, an environmentally controlled device that allows him to make virtually any shape part with any interior shape imaginable. He says you have to “think from the inside-out” when it comes to 3D printing, and we agree.

 

3D printing machines on the scale Jon uses are pretty pricey - his machine cost his company right around $160,000.00. But he says it’s well worth it. The specialty niche it has enabled him to carve out for himself has been a huge benefit to the company and when others begin to get on board the “3D printing train” he will be one of the veterans in the space.

 

We wrap up this episode with two “off topic” pieces that should give you some great value.

  1. Jon’s approach to the internet and social media activity from a business perspective (he’s great at it, so take some notes)

  2. How Jon and his wife are able to work together day in and day out without problems.

 

Listen in… you’ll enjoy this episode of Making Chips!

Here’s the outline of the episode

 

  • Introduction of Jon Baklund.

  • Manufacturing news - The U.S.A. is the “hotspot” for Aerospace manufacturing.

  • A 3D printing overview - from the perspective of an end-user (Jon)

  • How Jon is adding additional services to his company’s 3D printing

  • The cost of materials used in a 3D printing machine - it’s comparatively inexpensive!

  • Typical tolerance levels in 3D printing and how Jon is getting better tolerances through some custom modifications.

  • Thinking from the inside-out in 3D printing.

  • How Jon determines billing for 3D printing jobs.

  • What kind of oversight does a 3D printer require?

  • The importance of an environmentally controlled 3D printer.

  • What is the cost of a good 3D printing machine?

  • Jon’s approach to the internet and social media for business.

  • How Jon and his wife are able to work together day after day in the business.

  • Jim’s summary of his take-aways from this episode.

Links mentioned on this episode

 

www.MakingChips.com - sign up for the Making Chips newsletter

 

Jon’s website - www.jonbaklund.com

 

The work-holding device Jon has developed - www.jonbaklund.com/baklund-workholding-llc/

 

Tweets you can use to tell others about the benefits of vending systems

 

The U.S.A. is the “hotspot” for Aerospace manufacturing. Find out more in today’s news segment

 

You have to “think from the inside-out” when it comes to 3D printing

 

Did you know you can add additional services to 3D printing to maximize profit?

 

How 3D printing is revolutionizing the manufacturing industry: this episode of Making Chips

 

3D printing is the train of the future for manufacturing. Will you get on board?

 

SOCIAL MEDIA BLURBS

 

3D printing machines on the scale Jon uses are pretty pricey - his machine cost his company right around $160,000.00. But he says it’s well worth it. The specialty niche it has enabled him to carve out for himself has been a huge benefit to the company and when others begin to get on board the “3D printing train” he will be one of the veterans in the space. Listen to this episode of Making Chips to hear Jon’s story.

 

3D printing is a newer technology that is truly going to be a game-changer in the manufacturing industry. It’s one of those things that old-school folks may feel an urge to resist but our advice is to jump on board the train because it’s going to be moving out! Jon Baklund has one 3D printer in his shop, an environmentally controlled device that allows him to make virtually any shape part with any interior shape imaginable. He says you have to “think from the inside-out” when it comes to 3D printing, and we agree. Hear Jon’s story on this episode of Making Chips.

Apr 27, 2015

This is a hot topic edition where Jim is asking Jason about vending systems for the machine shop. You may have the impression that vending machines are just for the huge companies that crank out bazillions of widgets every day. But is that true? You’re going to find out that and a ton more about machine shop vending systems in this episode of Making Chips.

 

There are many misconceptions about vending systems and much resistance to the idea that a small shop could actually benefit from using them, but Jason Zenger knows better. He’s been able to place systems in a variety of settings, from small to large shops and has seen the benefit in even the smallest settings.

 

The reason for that is simple: The cost for vending systems has dropped as the technology has increased, making the power of vending systems more affordable for the little guy. Vending systems also enable you to keep track of tool and supply usage, which in turn tells you which employees are using what items so that you can make more informed adjustments to your systems or procedures as needed. Just imagine the savings of ensuring that every part is being used to its fullest capacity!

The major objectives of implementing a vending system in your shop:

 

Reduction in Spending

Increased Productivity

Increased Profitability

 

If it doesn’t make sense to you how those benefits come from installing and using a vending system in your shop, you need to listen in as Jason shares his experience as a representative for some vending system companies.

What the guys have to say about vending systems in this episode...

 

  • Major objectives of having a vending system in your shop - 3 powerful reasons.

  • The history of modern vending systems for the machine shop.

  • Aren’t vending systems geared more for huge manufacturers?

  • How to use vending systems in a small machine shop.

  • The sizes of vending machines and how to fit them into your shop.

  • Partnering with someone to help you manage the vending system so it doesn’t take over your schedule.

  • What types of supplies and tools can work with a vending system?

  • The process of bringing on a vending system and the importance of your vending partner.

  • Best practice software issues relating to your machine shop vending system.

  • The increasing popularity of vending systems.

  • 3 ways small companies can benefit from vending systems.

Listener questions

 

Jim and Jason are also happy to highlight questions from listeners on this episode. You can ask your question for this section of the podcast by call 1-312-725-0245 and leave your message on the recording.

 

Here’s today’s questions:

 

How important is it for a manufacturing company to have a clean, updated, and functional website?

 

What are buyers looking for when searching for a new supplier?

Links mentioned on this episode

 

www.MakingChips.com - sign up for the Making Chips newsletter

Something to look forward to…

 

Making Chips is going on the road! Stay tuned for more details.

Tweets you can use to tell others about the benefits of vending systems

 

Machine shop vending systems for the little guys… it’s not only possible, it’s a reality.

 

You don’t have to be a huge shop to afford and benefit from vending systems. Find out more in this episode.

 

Track your supplies and tools more effectively, and keep more profit on the bottom line.

 

Vending systems can reduce spending, increase productivity, and increase profit, even in small machine shops.

 

Your machine shop can function more smoothly and profitably by using a vending system. Find out how in this episode.

Apr 20, 2015

In this episode, we interview Julie Poulos about the brand image of your manufacturing company and why strategy is most important.  Being “the best kept secret” should NOT be your goal.  Julie tells us why starting with a new website or a new logo is NOT the right first step. Marketing Steps: 1. Competitive Analysis 2. Interviews 3. Online Analytics 4. Influencer Identification (Defining Your Buyer Types) 5. Develop the Plan Jim and I want you to be equipped when you are having a discussion with a firm to help you with marketing or your e-Strategy. In our Manufacturing News segment, we discuss multiple articles that cite a slow down in business for the beginning of 2015. About MakingChips MakingChips is a weekly podcast that will equip leaders in the metalworking manufacturing industry with valuable content to utilize in their career and business. What makes MakingChips unique is the fact that we are in the trenches getting dirty, leading, managing, designing, solving problems and pushing productivity.  MakingChips is here for us to report back from the factory floor to tell you what worked and what didn’t work…we tell you the mistakes we made and what we are excited to try.  We want to understand your problems and leverage this community to find a solution. Our goal is to equip manufacturing leaders and for those leaders to influence others in the manufacturing industry. From Jim: I'm the owner of CARR Machine & Tool, Inc., a 2nd generation high precision CNC machine shop utilizing 3 and 4 axis CNC Machining Centers. I’ve been at this a long time and

!
know machining like the back of my hand. Our company specialty is short to medium run jobs where we consistently hold tolerances of ± .0005 utilizing state-of-the-art tooling - which I get from Jason! From Jason: I'm the president of ZENGERS, a 3rd generation industrial supply company. I direct our team of metalworking specialists to decrease costs and increase productivity of our metalworking customers by applying the best tooling for the job and utilizing tool crib management technology. Subscribe and Follow Facebook: https://www.facebook.com/MakingChipsPodcast Twitter: http://twitter.com/Making_Chips Instagram: http://instagram.com/MakingChips Website: http://MakingChips.com

Apr 13, 2015

In this episode, we interview Ray Zaganto, who created a new concept called “The Hardware Store” for reaching his customers by being innovative, thinking outside the box and finding the Alpha Engineer. Your "first place" is your home.  Your ”second place" is the workplace.  The “third place” is another location that connects you into a community and facilitates creative interaction. A lot of companies do not have the resources to outfit a standalone location and create a third place, but as Ray said: “Make Your Shop a Destination.” In our Manufacturing News segment, we discuss an episode of the TV show, “The Good Wife” in relation to an episode about 3D printing. About MakingChips MakingChips is a weekly podcast that will equip leaders in the metalworking manufacturing industry with valuable content to utilize in their career and business. What makes MakingChips unique is the fact that we are in the trenches getting dirty, leading, managing, designing, solving problems and pushing productivity.  MakingChips is here for us to report back from the factory floor to tell you what worked and what didn’t work…we tell you the mistakes we made and what we are excited to try.  We want to understand your problems and leverage this community to find a solution. Our goal is to equip manufacturing leaders and for those leaders to influence others in the manufacturing industry. From Jim: I'm the owner of CARR Machine & Tool, Inc., a 2nd generation high precision CNC machine shop utilizing 3 and 4 axis CNC Machining Centers. I’ve been at this a long time and know machining like the back of my hand. Our company specialty is short to medium run jobs where we consistently hold tolerances of ± .0005 utilizing state-of-the-art tooling - which I get from Jason! From Jason: I'm the president of ZENGERS, a 3rd generation industrial supply company. I direct our team of metalworking specialists to decrease costs and increase productivity of our metalworking customers by applying the best tooling for the job and utilizing tool crib management technology.

Apr 6, 2015

In this episode, we interview Michael Magliano, an industrial real estate broker from Cushman & Wakefield, about strategies for buying, selling and leasing industrial real estate. In our Manufacturing News segment, we discuss an article that asks the question: “What Do Manufacturing Workers Want From Their Employer.”

Mar 30, 2015

In this episode, we interview Ray Ziganto, President of Bi-Link, a global manufacturing company about his take-aways from the Crain’s Manufacturing Summit. • How does a manufacturing company stay on the leading edge? • How do you re-think manufacturing education? • Start with small steps. Cary Wood, President, Chief Executive Officer, Board Member of Sparton, talks about how to train and relate to the new workforce generation and why his turnover is so low. Dr. David Boulay, President of the Illinois Manufacturing Excellence Center (IMEC), discusses how public-private partnerships like IMEC support small and midsize manufacturing companies.  For more information on organizations like this, search for US Department of Commerce Manufacturing Extension Partnership (MEP). Dave Szczupak, Executive Vice President of Whirlpool, discusses the importance of local manufacturing companies to their supply chain and workforce development for the new generation.  Dave also tells us about the FIRST Robotics Competition for the youngest future generation of manufacturing. Jim Schultz, Director of the Illinois Department of Commerce and Economic Opportunity, discusses the importance of manufacturing to state commerce and how he is collaborating with his peers in other states. MakingChips.com/BiLink

Mar 23, 2015

What are the 3 most important actions that manufacturers can take now to improve their utilization of CAM software?  In this episode, we interview Matt Sump with ShopWare, one the top resellers of MasterCAM Software.  Jim answers the question: If you put 10 machinist in a shop and gave them a piece of material and a print, how many different ways will they produce that part? We discuss: • Latest trends in CAM software • How tool paths are calculated • Radial chip thinning • Most efficient amount of material removal • Surface feet per minute • Spindle speed • Utilizing a tooling database in CAM software • Machine utilization • Dynamic Machining versus High Speed Machining • Improving machining hydraulic manifolds using CAM software • Utilizing Dynamic Tool Paths • Automating existing processes with macros • Going beyond the basics by automating ! We briefly talk about the history of how MakingChips was started.
!! In our Manufacturing News segment, we discuss an article declaring that US manufacturing is going extinct.  I’m going to state it here: if you remove manufacturing from the US Economy, the United States will lose 30% of its GDP. ShopWare http://www.shopwareinc.com Matt Sump www.linkedin.com/in/mattsump/en

Mar 16, 2015

In this episode, Jim and I discuss how you can receive grant money to expand your manufacturing business.  We specifically discuss the Federal TAAF Grant that Jim was awarded, the process that he went through, the reimbursed expenses and how he coupled two programs together. Trade Adjustment Assistance for Firms  MakingChips.com/TAAF In our Manufacturing News segment, we discuss an article in the LA Times that states manufacturing is slower to grow in California than any other state in the USA.  The main factor for slow growth in California is the cost of doing business in the state. We have 2 questions for you: 1. Have you been successful receiving grant money?  If so, please share your story in the comments for this episode. 2. Would you like us to share more information associated with grant money, so you can take advantage of this under-utilized resource?

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