Stories and Lessons Learned from Self Manufacturing

When you rely on a supplier to deliver your items, you lose control. Your request may not be fulfilled, resulting in delays, dissatisfied consumers, and lower profitability. As a result, entrepreneurs are looking into self-manufacturing to acquire control over their production and company.The road to self-manufacturing is not a walk in the park but with mastery, you may reap rewards that are not possible when you are sourcing. Our hosts, David and Ken, discuss the important lessons they've learned along the way, from finding the right suppliers, and processing to human resource management.If you want to see if this is the appropriate road for you, tune in until the end. Let’s get started.[00:00 - 06:53] Opening SegmentSelf-manufacturing versus sourcing from ChinaA retrospect on the self-manufacturing journey[06:54 - 15:30] Things We Wish We Had Known About Self-ManufacturingHow to prepare for unexpected machinery breakdownsReady your suppliesHire a handymanNegotiate with your suppliers but ensure their profitabilitySelf-Manufacturing: Pros & ConsHow to find and work with suppliersThe importance of finding the right, quality team membersWant some Amazon refunds? Check out GetidaPromo code: FTM400[15:31 - 26:16] Closing SegmentThe intrinsic reward of self-manufacturingFinal wordsQuotes:“Most people are more than willing to share information with you, so long as you're not one of their competitors.”------------------------------------------------------------------------------------------Send us a voice message and let us know how we can help you fire the man! FacebookYouTubeInstagramEmail us --> [email protected] Leave us a review as it really helps the show!   Support the show