I like machinery and would like to start my own factory. Worthwhile endeavor? - Page 4
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  1. #61
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    Quote Originally Posted by Bobw View Post
    I don't think a bean counter class is going to give you the tools to figure out profitability, at least not in a manufacturing setting so much. At least not at a level that takes into account what is actually going on.
    I didn't mean to imply that the course would be anything like a complete education, just that it would allow you to talk to bankers in their language and understand a double entry system. It's a start, not an end.

    I agree with Alistair Cooke when he said that psychologists may disagree, but he believed that the ability to make money resided in a separate lobe of the brain and had little relation to other abilities.

    I knew George Cottrell who started Airpath Compass. He and a partner started it in the 1930s with minimum capital and built it into the supplier for a large market share of the magnetic compasses in airplanes. His mind was always doing the sort of thinking you illustrate, turning the ideas over and over.

    Bill

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  3. #62
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    Is a one or ten person place a factory?
    Is there some line drawn in the sand?
    100-200 people, that still seems "small shop" and not a factory. 20,000+ people in your buildings and dedicated products, that is a factory.
    Yet I get 2 or 3 hard working in a pole barn called a factory.

    A whole lot of "no" and you will fail and die posted here, I can't do that.
    Bob

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    Quote Originally Posted by motion guru View Post
    Business should have a return for the shareholder, you just need to redefine the shareholder to everyone who has a stake in the business including your employees, your customers, your suppliers, and even the community and sources of natural resources / raw materials used in business. Publicly owned companies that exclusively define shareholders as stock owners have created some of the most significant problems in the world of manufacturing and these problems have rippled through our education system, politics, and families.
    That was the definition of shareholder until Milton Friedman came along. I used to have knockdown dragouts with Ed Huntress over this very subject. Unfortunately Ed had a larger audience. Uncle Miltie was a tool of the devil and should have been hanged, drawn and quartered with the parts going to the four largest business schools in the US. He was an evil evil man and the primary enabler for the horrid behavior that is so common now.

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  6. #64
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    Quote Originally Posted by motion guru View Post
    ..... you just need to redefine the shareholder to everyone who has a stake in the business including your employees, your customers, your suppliers, and even the community and sources of natural resources / raw materials used in business. .
    What.???
    My employees are cannon fodder, my customers I should screw to the end and not invest time and money into no cost design time or help.
    Now you want me to do community service and care about the environment?
    Train people and then have them go work for others?
    Invest in myself, I need money. Screw the would outside of my paycheck.
    Me, I need cash and that rules. Puck those others.

    Bob ( hoping some read this with the real intent)

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  8. #65
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    Quote Originally Posted by yosimba2000 View Post
    I'm interested in making staple products because it seems to require less development than new products. I've tried making a new product and it was a waste of money.... good learning experience, though.
    As has been pointed out, I think you're backwards. If you make a commodity product you're competing on price with the big boys. Good luck with that.

    Design a better product, figure out how to make it at a price people will pay, and you're off to the races. That $40k may go to a used VMC, or lathe, or SLS metal printer, or injection mold bodies, depends what you come up with. But I bet that's the most likely path to success. Just cause your first attempt didn't pan out doesn't mean you can't do it.

  9. #66
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    Quote Originally Posted by CarbideBob View Post
    My employees are cannon fodder, my customers I should screw to the end and not invest time and money into no cost design time or help.
    Now you want me to do community service and care about the environment?
    Train people and then have them go work for others?
    Invest in myself, I need money. Screw the would outside of my paycheck.
    Me, I need cash and that rules. Puck those others.
    Bob, have you thought of going into finance ?

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  11. #67
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    Quote Originally Posted by kustomizingkid View Post
    I like watching porn and am thinking of opening my own studio...
    All joking aside I have thought about it. That industry is rooted in fulfilling niches and there's a big one I've not yet seen filled. It's not gross, its patrons do have money and they are willing to spend it.

  12. #68
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    Quote Originally Posted by Mike1974 View Post
    OK, but that is more like a hot dog dinner, not "just a hot dog".

    Kind of like the people who eat salads because they are healthy, then pile on the cheese and croutons and bacon bits.....
    You forgot the half bottle of Blue Cheese dressing. I had a vegetarian friend who I swear would make salads and call them healthy when they probably had just as many calories and fat as a 1/2 pound burger, fries and a chocolate shake. I think the guy was the only morbidly obese vegetarian on the planet.

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    Quote Originally Posted by Cole2534 View Post
    All joking aside I have thought about it. That industry is rooted in fulfilling niches and there's a big one I've not yet seen filled. It's not gross, its patrons do have money and they are willing to spend it.
    Unintended innuendo?

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  15. #70
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    Remember that saying, "If you have to ask 'how much', then you can't afford it?" In this case, I would say this: "If you feel like you have to post it and get answers back from people you don't even know, then the answer is 'no'".

    I've come to this realization after working with many businesses: too much investigation almost always leads to "can't do it". It's "stupid people" that often end up owning businesses that succeed (e.g. stay-at-home-spouses who "think" they can make a new product). They just roll with it! Not to say there aren't failures along the way but that's not what they're scared of.

    The Dude

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    Thanks Motion Guru best comment I've read in a while !


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