logo
episode-header-image
Mar 2024
43m 56s

Do We Need More Manufacturing Entreprene...

MakingChips LLC
About this episode

There are around 17,000 contract manufacturing job shops in the US. That sounds pretty great, right? The truth is that growth is down 16% since 2008. Now, more than ever, we need new entrepreneurs in the manufacturing industry. Matthew Nix, Paul Van Metre, Drew Crowe, and Mike Payne join me in this roundtable discussion to talk about the vast opportunities available, how to take advantage of them, and why manufacturing leaders should encourage and grow entrepreneurs from within their businesses. Because if manufacturing isn’t growing, we aren’t MakingChips, and we aren’t making money. BAM!

– Nick Goellner

Segments
  • [1:41] Matthew Nix, Paul Van Metre, Drew Crowe, Mike Payne
  • [2:33] Manufacturing News: Leverage AMT’s custom research
  • [11:07] Our reaction to the declining number of job shops
  • [18:02] What Mike looks for in an acquisition
  • [23:55] Join the AMT community!
  • [24:48] Why every shop can leverage an ERP
  • [28:00] There are vast opportunities available
  • [33:55] Why you should grow future entrepreneurs 
Resources mentioned on this episode Connect With MakingChips
Up next
Oct 6
Winning the Talent War: Recruitment, Retention, and Culture with Mike Tamasi, 487
Recruiting and retaining great people is one of the biggest challenges in manufacturing today—but what if the solution isn’t just about wages or benefits, but about building a culture where people thrive? In this episode of the Machine Shop MBA series, we are joined by guest co-h ... Show More
58m 45s
Sep 29
Leadership at the Core: Building Trust, Systems, and People with Kyra Tillman, 486
Leadership is more than a buzzword—it’s the backbone of every successful machine shop. In this episode of MakingChips—Machine Shop MBA, hosts Paul Van Metre and Jen Dubose sit down with Kyra Tillman, owner of BTM Industries, to explore what real leadership looks like on the shop ... Show More
46m 24s
Sep 22
Strategic Growth & Vision: Building a High-Performing Machine Shop with Peter Doyle, 485
In this special MakingChips Machine Shop MBA episode, we sit down with Peter Doyle—CEO of Hirsh Precision—to unpack what it takes to grow and transform a machine shop with purpose. From his roots as an Air Force officer to leading a former Top Shops award winner, Peter has blende ... Show More
51m 18s
Recommended Episodes
Jul 2024
MBA2499 Why I Never Needed Investors For My Businesses
Ever thought about whether you really need investors to build a successful business, or if it’s possible to thrive without their backing? Many entrepreneurs believe that securing investor funding is crucial for launching and growing their ventures. But what if there’s an alternat ... Show More
18m 2s
May 2025
Why Most Entrepreneurs Stay Broke: The Power of Delegation and Long-Form Conten
What if you stopped trying to do it all and actually built a real business? This conversation breaks down how one real estate entrepreneur exploded to multi-7-figures by focusing on lead generation and handing off the rest.Too many people are stuck in the hustle cycle of chasing ... Show More
12m 35s
Jul 2024
White Collar Roll-Up from $700k to $12m
Jordan Evans left tech & bought a tiny, decades-old language services business. 6 years later, revenue is 17x larger.Topics in Jordan’s interview:Acquiring his parents’ language services businessSpending 2 years preparing the dealOverpaying for a 180k SDE businessDoubling the bus ... Show More
1h 46m
Jun 2024
Hot Takes w/ Tim Doyle (Bonus)
Is marketing more art than science? Should VC-backed startups push for profitability? Learn from Eucalyptus founder Tim Doyle as he tackles two highly debated topics in the startup world: Brand Loyal: In the generational battle between performance marketers and brand storytellers ... Show More
15m 36s
Sep 2024
Leaving Corporate to Buy a $4m Manufacturer
An engineer at heart, Mike Dey set his sights on buying a manufacturing business for the next stage of his career.Topics in Michael’s interview:Pivoting from aerospace engineering to business ownershipSelling his real estate investment to buy a businessBeware turning your passion ... Show More
1h 47m
Jul 18
How Jeremy Perkins Left His $320K Medical Sales Job to Start a $100M Company in His Garage
Jeremy Perkins built one of the fastest-growing medical device companies in America, growing from his garage to $100 million in revenue over 15 years. He's the founder of XStim & Precision Medical with 22 medical device patents and recently acquired his own US manufacturing plant ... Show More
54m 18s
Sep 13
Why One Hire Changes Everything
You don’t need a big team to scale... you need the right person. In this episode, we break down why one hire can change everything, plus how top-down leadership and smarter content strategy create exponential growth.Learn how to invest in real estate with the Cashflow 2.0 System! ... Show More
12m 9s
Aug 12
Only 3% of People Are Built for Entrepreneurship - Are You One of Them? w/ Cameron Herold
Cameron Herold is the best-selling author of Vivid Vision and a renowned business growth expert who’s helped build multiple $100M companies, including scaling 1-800-GOT-JUNK? from $2M to $106M in six years. Known as the “CEO Whisperer,” he’s coached leaders in over 26 countries t ... Show More
59m 55s
Dec 2024
How To Pitch Your Product Without Being Too "Salesy" | Scott Clary
Learn how to invest in real estate with the Cashflow 2.0 System! Your business in a box with 1:1 coaching, motivated seller leads, & softwares. https://www.wealthyinvestor.com/ --- On today’s episode of The Wealthy Way, I sit down with Scott Clary, a powerhouse entrepreneur, inve ... Show More
1h 11m
Aug 17
Plumbing & Heating Business at £1.5M - Is Expansion the Right Move? (4k)
Sign up to Revolut Business at http://www.revolut.com/rb/james before 30th September 2025 and top up your account to receive a £200 welcome bonus. Fees and T&Cs apply.This week, James and JB look at a £1.5M plumbing and heating business trying to decide whether to open more branc ... Show More
1h 1m