I finally made a move and started my own business.

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rhipsher
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I finally made a move and started my own business.

Postby rhipsher » Sun Mar 16, 2014 8:29 pm

It's been a while since I've visited. I've been in the machining trade since 1989. I think everybody reaches a point in their career when they have to decide whether they are going into management. Or they are going to start their own business. So I decided to start out small. Pay cash for everything and run it out of my home garage until I out grow it. So I purchases a Bridgeport milling machine I saw on Ebay that was local. The guy wanted $2,500. I talked him down to $2K. It weighs 2,400lb. It runs on 3 phase power so I had to install a 3 phase converter in my garage. Works great. Next day I went to down town Houston and filed my DBA. Cost me $16 and I was done in 15 minutes. Next I drove to the state comptrollers and updated my tax I.D. Funny thing is that as soon as I filed my DBA my cell phone was ringing off of the hook. My bank WF calls me up and wants to set me up a business account. Got that done and then I received a Wells Fargo business platinum debit card with my company name on it. And received my company checks. It's a pretty good feeling.
My plan was to keep the day job and keep a paycheck coming in. And do my thing after hours and on the weekends. I figured Id make some good extra money on the side. But it's really taken off. The second job I quoted was for $24k and got the P.O. So I figured before I get 30 P.O's in that I'd better get Quick books premium manufacturing so I don't have to go back in later on and redo everything. Get it set up right from the beginning. It's amazing how fast things can happen sometimes. A few pics of my world.
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This is one of the big jobs I'm working on for a customer.
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And this is what I do at my day job. I write the CNC programs to machine these parts from raw stock into the high dollar parts you see.
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:cool:


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Postby MemberSince99 » Mon Mar 17, 2014 6:41 am

Good for you here's to your continued success!

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djrez4
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Postby djrez4 » Mon Mar 17, 2014 8:14 am

Very cool. I got to visit a client's shop last week. They run a DMF 260 among other machines. I may have geeked out a bit.

Hope your business continues to thrive.
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Postby FutureBillionaire » Mon Mar 17, 2014 10:18 am

Congratulations and best of success!
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Postby AMEXPlatino86 » Mon Mar 17, 2014 11:42 am

So envious but like everyone else, I wish you a lot of luck.
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rhipsher
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Postby rhipsher » Mon Mar 17, 2014 8:48 pm

Thank you guys. It means allot. I'm surrounded by people that have been great mentors to me and have steered me in the right direction. When it comes to manufacturing, Quoting and talking the talk I've totally got that down. But when it came to the business end of things I wasn't afraid to ask for a little advise. Just wanted to save myself some headaches.

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Postby rockyrock » Tue Mar 18, 2014 8:22 am

Congratulations, sounds like you are off to a great start on an exciting new venture.

I run a small business with my cousin and we work hard and the money isn't great but it's ours and at the end of the day I KNOW my contributions directly impact the bottom line. It's a great feeling.

Best of luck to you!
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Postby Vattené » Tue Mar 18, 2014 1:35 pm

Congratulations, that's great! Best of luck to you, though it sounds like you're positioned well to run a very successful business.
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Postby benhollberg » Tue Mar 18, 2014 8:15 pm

That's awesome. As a smaller business owner myself I know what it feels like to run your own job.
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rhipsher
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Postby rhipsher » Wed Mar 19, 2014 10:26 pm

djrez4 wrote:Very cool. I got to visit a client's shop last week. They run a DMF 260 among other machines. I may have geeked out a bit.

Hope your business continues to thrive.
Mori-seiki DMF 260 is over $200K machine. It's top of the line. At work we have a Mazak Intergrex 650 5 axis CNC. It cost $1,000,000. It is one awesome machine and is the size of a small house. It is not cheap to start a machine shop that's for sure.



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