MC067: Doing Business with Friends

Making Chips Podcast for Manufacturing Leaders

English - May 18, 2016 07:53 - 37 minutes - 67.8 MB - ★★★★★ - 82 ratings
Management Business Careers 3dprinting businessofmachining cnc grimsmo jasonzenger jimcarr machining makercast makingchips manufacturing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: MC066: A Community of Makers - The Catalyst for Catalyze with Bill Fienup

Next Episode: MC068: Innovation, Technology, and Milling Expertise with Troy Stashi

There is an old adage that has been floating around the business world for ages; “you should never do business with friends". If you’ve never worked together with your friend, it can be difficult to translate their skills from a social context into a business one. That doesn’t mean that you should refuse to start a business relationship with friends and family.

On this episode of MakingChips, we ask the question: can you have close relationships with vendors and clients? Jim and Jason discuss their personal experiences and lay out some hypothetical situations about doing business with friends. We also talk about the continued popularity of the retro movement and its effect on manufacturing. Also discussed is recent news with Tesla Motors, the MakingChips Mastermind & Workshop series, and IMTS 2016.

Episode Structure:

[00:09] - Episode Preview [02:35] - Manufacturing News 1 [06:10] - Manufacturing News 2 [09:45] - MakingChips Mastermind and Workshop [11:10] - IMTS 2016 Registration [12:50] - Sandvik Coromant [15:10] - "Doing Business with Friends” [20:04] - Honesty [25:00] - Unsuccessful Business with Friends [29:03] - Circling Back [34:04] - iTunes Review // Conclusion of Episode

Mentioned in this Episode:

Our FAVORITE Restaurants in Chicago Manufacturing News 1 Manufacturing News 2 IMTS 2016 Ryan's Patreon Account

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