Untold Truths: My Journey and the 7 Critical Lessons in Running a Successful Machine Shop
Updated: 3 days ago
7 Lessons Learned in Running a Machine Shop
At K&A Precision Inc., our mission is to provide top-quality manufacturing services to our valued customers. As a small business we opened our doors in 2007 and the resession hit in 2008 and we were on the verge of closing our doors but throughout our journey, we have learned valuable lessons that have shaped our success.
Here are 7 key insights we want to share with you.
1. You can't do it all
There's making parts and then there's running a business. You may be great at both, but you can't do both great AT THE SAME TIME. Running a machine shop requires a diverse set of skills and expertise. We have learned the importance of building a strong team and delegating tasks to individuals who excel in their respective areas. This allows us to deliver exceptional results on every project.
2. Your customers will thank you for saying "no"
As much as we want to accommodate every request, we have learned that sometimes it's necessary to say no. By setting clear expectations and focusing on projects where we can truly add value, we can better serve our customers and exceed their expectations. A lot of times where you say no, people will say thank you for being honest and they will trust you enough to come back for design feedback.
3. Dream Big
We believe in aiming high and setting ambitious goals. By constantly challenging ourselves and striving for excellence, we have been able to innovate and stay ahead in the industry. Dreaming big has fueled our growth and success.
4. Stay in your own lane
In a highly competitive industry, it's easy to get caught up in comparing ourselves to others. We have learned the importance of focusing on our own strengths and unique capabilities. By staying true to our core competencies, we can deliver superior results and build lasting relationships with our customers.
6. Always save for a rainy day
Running a business comes with its fair share of uncertainties. We have learned the importance of financial stability and planning for the unexpected. By consistently saving and investing wisely, we can weather any storm and continue to serve our customers with confidence.
7. Invest in yourself
At K&A Precision Inc., we believe in investing in your success. Our manufacturing expertise and state-of-the-art equipment ensure top-quality results for your projects. Let us help you bring your visions to life.
We Value Your Partnership
We are committed to constant improvement and providing you with the best manufacturing solutions. By sharing these lessons learned, we hope to inspire and collaborate with you for even greater success.
Contact us today to get free engineering feedback on your project!