I sold my former business to a friend, but didn't want to calcify in "retirement", so I started working out a plan that would leave me with a nicely equipped hobby shop. "Hobbies" to me had to support themselves, and not be an unaffordable luxury. I wanted to play, but be compensated at the same time.
I wanted to learn CNC, so I bought a used BP Interact cnc mill with Heidenhein controls, which had a good conversational programming language. This was a really good machine that provided me with a lot of learning. It quickly taught me that it is not easy to make money without a tool changer, because you are "one" with the machine in that you cannot walk away from it while you are wanting to do something else. At the time, it was perfect in learning programming and I didn't lose money when I later sold it.
Now that I knew beginning cnc, I started to develop the knew concepts saw line, bought a Doosan 32x16 Mill with Fanuc programming (another story), and we were off to the races. Remember, this was a hobby!
Work load increased, and led to the purchase of a Ganesh lathe with live tooling....my workload shifted more to running the front end, and I brought on a full time programmer, as the lathe was a bit further than I could comfortably venture. Remember, I'm 79 this month, and trying to make all of the tool moves and tooling not crash into each other would not have been fun.
The work load kept increasing, and the 2nd op lathe load got to be too much, so I opted for a Ganesh 32 CS with second spindle, and this has made all the difference. I choose not to run lites out (remember, this is still a hobby :-). We are now in a 2100 sq ft space with wimpy 208 3phase, looking at getting another twin spindle lathe, have three employees, and am taking a vacation to NZ and AU in November to visit distributors over there.
I financed the purchase of the machines through my local bank at a very good rate and I am enjoying my retirement hobby.
For those that might be interested, my website is
Knew Concepts - Fine Metalsmithing Equipment Designed for Artisans - The Red Saw - Santa Cruz, CA
Lee (the saw guy)