When Trump was elected President for a second term, I expected there would be a lot of talk about tariffs, but I didn’t anticipate all the attention on the Panama Canal and Greenland. So, it seemed like the perfect time for Lloyd and I to talk to one of our favorite geopolitics experts, Dr. Andrew R. Thomas, best selling author and Professor of Business at the University of Akron. It also just so happens that Thomas is a part-time resident of Panama and he recently wrote a book about the Panama Canal. It was a fun interview. We explored how…
Author: Noah Graff
Dave Polito is my Star CNC guru. He’s always been there when I’ve had questions, whether I was asking about a 1999 Star SA12, or a sweet SV38R located in Asia, or the ever flummoxing Siemens control on an ECAS-20. Dave is the owner of Quality Machine Tool Services, the Star distributor for Illinois and southern Wisconsin. He has been servicing and selling Star Swiss screw machines for over 35 years. For much of his career he did technical service and applications. Quality Machine Tool Services started as strictly a service center and then in 2009 began selling Star machines. *************…
My guest on today’s podcast, Anthony Davis, told me that since age 10 he and his brother knew they wanted to join their family business, Global CNC, a tooling manufacturer for CNC lathes and mills. Today at age 23, Anthony runs the company alongside his 25-year-old brother, Alexander, and their 84-year-old grandfather who founded the company 40 years ago. What I love about Anthony is how ALL-IN he is in his work. He values carrying on his grandfather’s legacy, but he is also driven to innovate into new products and marketing techniques. He glows as he talks about how he…
Once I flew to Germany for an INDEX multi-spindle deal that was stolen out from under us the morning after I arrived. I laid in my hotel bed swearing at the ceiling for a few minutes and then called a friend who happened to be our best European INDEX customer. Hours later, I was on a plane to Spain to inspect two different INDEX machines that we ended up making more money on than if we had sold the one I had come to Germany for. One thing I usually like about my work as a used machinery dealer (or…
Spinner is a German CNC machine tool brand that’s been around for 73 years. The company sold 1,200 CNC mills turning centers, and automation systems in Europe last year, yet in the United States, a large amount of people in the machining industry have never even heard of them. At the 2023 Precision Machining Technology Show, I stumbled upon Spinner’s booth, stopping there to ask if I could borrow a box cutter. Then I met Salim Awad, President and CEO of Spinner North America, who graciously agreed on the spot to be interviewed. Salim has a fascinating personal story. He’s…
It takes tremendous balls to start a machining company from scratch. And, maybe a little extra chutzpa to start a shop that primarily runs cam screw machines making millions of parts for automotive. After 23 years working in job shops and running a small farm, Karl Drasgow cashed out his 401K to found Drasgow Inc., a Wickman job shop in Gainesville, New York, in 2003. In the interview we talk about how he made this happen–from running his first screw machines in a barn, to taking local entrepreneurship classes, to fixing up cam machines built in the ‘70s, and waking…
Our guest on the podcast today is Rogério Mezadri, Director of SAMOT Mexico, a 200-employee automotive machining company in Guanajuato, Mexico. Rogério and I discussed the challenges running a machining company in Mexico. We talked about Mexican manufacturers upgrading technology. We also talked about the difficulty to find enough skilled manufacturing workers in Mexico. Yes, they have that problem too. Scroll down to read more and listen to the podcast. Or listen on your phone with Google Podcasts, Apple Podcasts, Spotify, or your favorite app. You can also view the podcast in video form on our YouTube Channel. Follow us on…
Damn. It’s already 2025? I was just getting used to the idea that it was 2024. Today, Lloyd and I are reflecting on what worked and didn’t work in our used machinery business and our personal lives over the last year. We’re also discussing our intentions and predictions for the new year. Will we sell more old multi-spindles in 2025 like we did this year? Will our incoming president be good for precision machining? And how does it feel to turn 80? Question: What are your greatest hopes and fears in 2025? *********** Listen on your favorite podcast app using…
Do you ever ask yourself why the majority of businesses out there are struggling to survive while an elite handful are crushing it? On today’s podcast we are discussing that question. Our guest is Steve Preda, founder of Steve Preda Business Growth. He is also an author of three books and the host of the Management Blueprint Podcast. Steve coaches business owners to help them reach their ambitions, which often means scaling and maximizing their companies’ profitability or making business ownership a more pleasurable, fulfilling experience. Steve’s life mission is to eradicate what he calls “Business Covid.” He says 180,000…
One of my favorite machinery dealers we work with is from Brazil. He specializes in sending machine tools to South America. A used machinery deal is usually a challenge to close—even if a customer says they need it. Even if it’s an excellent machine that’s rare on the used market, at a good price, it is hard to close a used machinery deal. But selling a machine to Brazil from the United States adds extra challenges. The customers usually can’t inspect the machine in person, and the Brazilian government charges more than 30% import tax on used machinery brought into…