When does a theoretical value become really valuable?
When do you decide to buy or sell a business, particularly a precision machining business? How do you assess its value? How do you determine whether a business is a collection of machinery, tooling, and real estate, or if it is something of significantly more monetary value?
At IMTS 2022, I stumbled upon a booth with an impressive 28 foot rocket on display, constructed by students from the Purdue University Bechtel Innovation Design Center.
Anirudh Pal, an operations manager at Bechtel, and Xander Wells, an undergraduate teaching assistant at Bechtel, told me the story behind the rocket’s creation when I interviewed them for today’s podcast.
In the financial world of banks and funds, stupid follows stupid, which then follows stupid.
At IMTS 2022, I had the privilege of interviewing Bryan Stusak and Steve Vanderink, two product specialists from Iscar Metals, world renown seller of cutting tools for machining. We talked about the latest developments in cutting tool technology that enable faster changeover, and how to save money by using inserts properly when removing small amounts of material.
I was pumped for IMTS 2022! I went there to listen to the heartbeat of the machining world. I set out to learn about the newest technology, interview people for Swarfcast, and stumble upon as much serendipity as possible.
For me, the initials stood for I am Missing That Show.
But as I started thinking more deeply about this piece, I began to change my mind.
Are you vaccinated against the Virus?
Is your computer system prepared for the inevitable attack?
Today’s podcast discusses the scary reality that manufacturers are the number one target of cyber attacks around the globe. Manufacturing companies are at risk for ransomware and intellectual property theft. It’s even possible for hackers to take control of a factory’s machine tools remotely.
If you really wanted to buy something that you thought could be important in your life, would you be willing to walk away from the opportunity because the price tag seemed higher than it should be or because you felt offended by the seller? I ran into this dilemma this week.
Our guest on the podcast today is Shawn Gaskin, owner of Swiss Technologies of New England and Stone Medical in Plainville, Massachusetts. Shawn started Swiss Technologies over 20 years ago, with one L20 Citizen making parts out of sterling silver for Tiffany and Company. Over the years, his company has grown into a diversified shop, doing a significant amount of medical work. If you want to learn about the medical Swiss components business I recommend you check out this interview.
Our guest on today’s podcast is Adar Hay, co-founder and CEO of Jiga, a company providing a web platform for manufacturing buyers and suppliers to communicate and establish new relationships. It’s ironic how in today’s world, in which we have so many channels to communicate and network, it’s still complicated to do those things well. Jiga’s mission is to simplify those processes.