In this episode of MakingChips, we continue our young founders series with a story that challenges the traditional growth narrative in manufacturing.
At just 26, Walter Peters is balancing a full-time job at a defense-focused shop with building MW Machine Co. from a modest 500-square-foot industrial unit.
Walter didn't start with a big loan or a brand-new machine. He bought a used CNC mill for $6,500, kept overhead intentionally low, and focused on getting good at both machining and business fundamentals.
But what makes this conversation especially interesting isn't just how he started. It's how he defines success. Walter isn't chasing 100 spindles or a massive payroll. He's building toward a highly automated, small-footprint, lifestyle-oriented shop that gives him time freedom and intellectual stimulation without the burden of heavy overhead or HR complexity.
We talk about finding work with no formal sales plan, leveraging Google reviews, balancing a day job while building a business, using AI as a thinking partner, and why low stress starts with low fixed costs.
This episode is a grounded, practical look at modern entrepreneurship in manufacturing — especially for the next generation.
Segments
- (0:00) Introducing Walter Peters and MW Machine C.
- (2:31) Walter's unconventional path from video production to woodworking to machining
- (6:13) Leaving cabinet work and moving toward CNC-focused fabrication
- (8:42) Meet us at MFG Meeting 2026
- (9:32) Buying his first CNC mill and signing a lease in late 2023
- (11:21) Landing early work through cold calls and a serendipitous utility customer
- (14:31) The reality of entrepreneurship: quoting, purchasing, and doing the "business stuff"
- (16:03) Working full-time while building MW Machine Co.
- (19:31) The current shop setup: one CNC mill, manual lathe, TIG welder, 500 sq. ft. space
- (20:18) Bootstrapping with less than $30,000 and reaching profitability in year two
- (22:52) Managing cash flow and keeping monthly overhead intentionally low
- (23:57) His long-term plan to go full-time and why he's staying employed for now
- (25:25) His long-term vision: a small, automated shop connected to his home
- (26:43) Time freedom, automation, and the Lights Out mindset
- (30:20) The goal of owning the building and eliminating rent as overhead
- (31:45) Get a free report about the opportunities available to you at Facturmfg.com/chips
- (32:48) Growing up around content creation and craftsmanship with his father
- (37:43) Using ChatGPT and AI tools to think through quoting and problem-solving
- (41:18) Generating work through Google reviews and inbound RFQs
- (46:12) Why low overhead and small, shippable parts create leverage
- (46:56) Need workholding? Check out the SMW Autoblok catalog
Resources mentioned on this episode
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