69. Clearing the Path to Growth with David Hegenbarth from Federal Gear & Machine and Guyer Precision

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Dave bought two very different precision machining companies. One makes large gears in small volumes, and the other specializes in high-volume contract Swiss machining and other production machining. As an outsider to the industry, and not a technical shop owner, Dave shows that it’s not only possible, but an advantage not to be able to do programming, machining and the technical work of a machining company. Instead, he provides resources, sets the vision and builds and supports the team while focusing on finance, sales & marketing, and the other things he has so much experience with. There is a lot of wisdom to this approach for scalability and ultimately company value. If you’re considering buying a manufacturing company, or currently own one and want to work ON the business more often, this will be a valuable episode to listen to.