Happy New Year everybody! On today’s podcast, Lloyd Graff and I reflect on the ups and downs of machining world in 2023 and give our thoughts about what we might see 2024. As you would expect, we discuss a number of topics in addition to precision machining, such as the US’s unpredictable economy, anti-semitism, and my intention to bite off more than I think I can chew and then figure out how to it chew later. Listen on your favorite podcast app using pod.link, or: …
Author: Noah Graff
We originally published this episode in 2019. It was a better time in Israel’s history, before the country was savagely provoked to go to war to protect its existance. Israel is a country full of industry and world class innovative companies, such as the manufacturing company Ditron Precision. This interview contains insight on how Israel is so important to the world’s metal working industry as well as why the Jewish People need it as a Jewish Homeland. View the podcast our YouTube Channel. Listen on your favorite podcast app using pod.link, or: …
Today I’m debuting a new episode series under the Swarfcast umbrella that I’m going to put out every so often. From April 19, 2018, until April, 19, 2019, I spent an entire year meeting at least one stranger every day and documented everyone I met. Some days I met 10 people, other days I was lucky to have a short conversation with one person. After a few months, I decided I would write about the experience and create mini podcast episodes about the people I met. And five years later, I’m FINALLY getting around to doing the podcast. I call…
Have you considered whether your business is salable? My guest on today’s podcast says only a small fraction of companies have built an organization and leadership structure that makes them attractive to buyers. Damon Pistulka is founder of Exit Your Way, a firm that helps businesses sell their companies. What’s unique about Exit Your Way is that before it tries to sell a business, it helps the business’s owner increase their company’s value, often working with clients for three to five years. Then the company can net a much higher sale price and have a higher probability of actually completing…
A Bad Deal Wednesday, Graff-Pinkert hopefully finally buried a turd of a Swiss screw machine. You probably saw it over the years in our advertisements—a Tsugami B0205 II, Mfd. 2014, that we bought in an online auction for about $45K. The great investor, Charlie Munger, who died last week at 99, famously said, “If you mix raisins with turds, you still have turds.” Graff-Pinkert better have a lot more raisins in its stock to cancel out turds like this Tsugami. The biggest problem with the machine was that it was configured only to run blanked parts—not bar stock. We figured…
A little while back, I was up past midnight recording a solo podcast. I was feeling tired and frustrated that it had taken me so long—longer than it “should have.” Should, by the way, is a word I have tried to purge from my vocabulary. (But that’s another blog) Then I paused. I looked at myself on the webcam with my cool microphone and my headphones, and I thought, “This is what I want to be doing.” This is what I get to do, so I should pause for a minute and enjoy this moment. This is fun creative work…
The last year and a half, I’ve been a rookie family man. I’m trying to balance selling sexy-ugly iron, podcasting, and being a good dad and husband. I’m a distractible person with mild ADHD. I like to have fun, get out of the house, and I sometimes have trouble pulling myself away from the TV. Four years ago, I read the book, The Art of Less Doing: One Entrepreneur’s Formula for a Beautiful Life, by Ari Meisel. The book had a significant impact on my life, particularly for how I do work. I’m far from having the majority of my…
Today’s guest on the show is Paul Huber, CEO of COMEX, in Monroe Connecticut. Paul is a machinery dealer specializing in cam Swiss automatics. That’s cam Swiss, not CNC. I’m talking about Bechlers, Stroms and Escomatics, not Citizens. Paul is 84, but proudly says feels like he is 60 as he raises his 17-year-old son. He has been working on screw machines for over 67 years, starting as an apprentice in Switzerland. Early in his career, Paul worked as a technician for European screw machine builders. Later, he ran his own production shop in the US. Then he became a…
In college, one of my favorite elective classes was bowling—I took it twice. Maybe you poo poo the idea of taking bowling at an expensive institution like the University of Wisconsin, but that was the class where I learned about the powerful science of “pin action.” To the bowling novices out there, do you ever wonder why the good bowlers throw those huge curve balls down the lane, rather than just throwing it straight down the middle? Pin action. When the ball comes in with that sidespin from the perfect angle into the pocket you get the best potential for…
How do you know what to charge for your product? How do you negotiate with customers and leave the least money on the table? And not just for one transaction but for the long run? On today’s episode, Part II of our interview with Jay Jacobs, we discuss strategies that you can use the next time you ask yourself, “What should I charge for my manufactured parts?” Jay’s former company, RAPID Manufacturing, grew at an average rate of 32% annually from 2010 to 2017, and one of the key reasons for the growth were his strategies to price parts. Jay also…