Two successful entrepreneurs talk about manufacturing, lean principles, and the freedom they are pursuing in life and business.
Money Buys You an Easy Button | Lean Built - Manufacturing Freedom E30
43:28Jay and Andrew talk about rigging, how money eases the way, making our environment serve us, relationships vs profit, establishing value through the right comparison, and much more.Books mentioned:Alchemy: The Surprising Power of Ideas That Don't Make Sense by Rory Sutherland.The Brand Gap: How to Bridge the Distance Between Business Strategy and Design by Marty Neumeier.New Manufacturing Challenge: Techniques for Continuous Improvement by Kiyoshi Suzaki.
Technology Should Never Be The Bottleneck | Lean Built - Manufacturing Freedom E29
49:28Andrew and Jay talk about building in margin, feeding your interest and curiosity, doing life-giving things, why you might not want to tie up funds in overstock, why technology should never be the bottleneck, and more.Book mentioned: New Manufacturing Challenge: Techniques for Continuous Improvement by Kiyoshi Suzaki.
The Best Expeditor is No Expeditor | Lean Built - Manufacturing Freedom E28
42:49Jay and Andrew talk leadership development, hiring when you don't need people, utility players vs bench players, where KPIs (key performance indicators) are useful and where they aren't, why the best expeditor is no expeditor, where to place a lathe, and more.Books mentioned:The New Manager's Handbook: 24 Lessons for Mastering Your New Role by Morey Sterner.How to Become a Rainmaker: The Rules for Getting and Keeping Customers and Clients by Jeffrey J. Fox.The Story of the Paratroops by George Weller.
Inflexible Lean is Bad Lean | Lean Built - Manufacturing Freedom E27
45:07Andrew and Jay discuss some of the lessons from 2023. Topics include the need for lean to be flexible, how lean should align with a company's culture, the importance of intentional lean practices, setting diverse goals for different companies, establishing and executing measurable goals for employees, fostering employee ownership in their respective areas, and delegating tasks to enable more time for creative pursuits.Books mentioned:The 21 Irrefutable Laws of Leadership Workbook 25th Anniversary Edition: Follow Them and People Will Follow You Paperback by John C. Maxwell.Traction: Get a Grip on Your Business by Gino Wickman.
Buying Ahead can be a Big Mistake | Lean Built - Manufacturing Freedom E26
48:15Jay and Andrew discusses Andrew's new company truck (which he bought in the least lean environment possible), how buying ahead to appease short-term tax write-offs can be a long-term bad investment, avoiding long term accounts receivable, cash flow vs cash position, trusting employees with their own credit cards, same day shipping and package tracking, and how prototyping is not necessarily lean.They also begin a conversation on what they want to improve in 2024 as they look back on 2023, which will continue in next episode.
Lulled in by Robots | Lean Built - Manufacturing Freedom E25
1:11:04Jay and Andrew talk about Andrew’s forklift and how he’s applying “digital training wheels,” how robots and automation can lead you astray, seeing how pain and expense add up, using AI to make expertise scalable to a wider audience, and much more.
Handling a Backlog with Lean | Lean Built - Manufacturing Freedom E24
36:39How do you handle a backlog with lean? Andrew gives a little masterclass on that, since he just had to do it, thanks to the holidays and employee sickness. Then Jay talks about why he's thinking about getting a space pod (office pod or silence booth). Plus, they talk about why adding Credit Key was good for Jay, making quality of life improvements at the end of the year instead of hoarding cash, shipping in the holidays, and how to handle Christmas break.
"Use it or lose it" is a losing philosophy | Lean Built - Manufacturing Freedom E23
50:02Jay and Andrew talk about Andrew's new forklift, the pros and cons of handling inventory for other shops, tax incentive buys at the end of the year, as-needed budgets, systems vs goals, "use it or lose it" mentality in bigger companies, delaying gratification for wants (but not needs!), and how to avoid being at the mercy of the supply chain.
Free, New and NOBODY Wanted It! | Lean Built - Manufacturing Freedom E22
51:49Andrew and Jay continue to talk about what kind of lathe would Andrew like, as well as false ways of achieving economy, the drawbacks of big sales, seeing where you only partially think of things, the value of high-priced CEO meetings, and more. Books mentioned:How to Sell at Margins Higher Than Your Competitor by Lawrence Steinmetz.Alchemy: The Surprising Power of Ideas That Don't Make Sense by Rory Sutherland.
The data is never fully pristine | Lean Built - Manufacturing Freedom E21
43:35Jay and Andrew discuss the benefits and dangers of allowing people to buy on a payment plan, nurturing good relationships with vendors, reevaluating the company after the loss of a key employee, job prioritization, custom software, and calculating true cost. Additionally, they pose an important question: Does your ERP (Enterprise Resource Planning) system truly work for you?"