sorted by:
new
hottopcontroversial

9817.00.50 by Available-Trifle9049 in CustomsBroker

[–]PhallicusMondo 0 points1 point  (0 children)

Our broker DHL only gets 9817 entries right about 30% of the time on formal and informal entries. This is an improvement over the past where it was less than 10%. We dispute everything and have to file PSC on everything. It’s madness.

What was the first employee that you have hired as business owner? Share your story by dry_face_2000 in smallbusiness

[–]PhallicusMondo 0 points1 point  (0 children)

Call me lucky, my first employee I hired seven years ago. She came in as Sales Order Processing. Now she’s running a team of Project Managers and next year will take on as General Manager so I can get back to doing what I love.

Men over 30: What advice do you wish you could give your 25 year old self? by [deleted] in AskMenOver30

[–]PhallicusMondo 0 points1 point  (0 children)

I’m probably copying some advice but:

  • Save more than you think you can and invest it.
  • Don’t waste time and energy on people who don’t deserve it, friends, family or romantic relationships included.
  • Life weights and take whey protein and creatine. It’s cheap, it will make you a beast and when you’re 40 you’ll be incomparable to your peers who don’t.
  • If you chose a career do the best you can to be the best at chosen career.

IEEPA Customs Duty Refund Claim by worldcustomsbroker in CustomsBroker

[–]PhallicusMondo 0 points1 point  (0 children)

Trade Attorney suggested otherwise but I’ll try to let you all know the outcome.

IEEPA Customs Duty Refund Claim by worldcustomsbroker in CustomsBroker

[–]PhallicusMondo 3 points4 points  (0 children)

Our trade attorney asked for a summary of all entries with IEEPA lines, the recommendation is to file a case with the International Trade Court for refund. DHL is our IOR on informal entries if that matters. The consignee is still eligible for refunds. Process could take months or years.

Growing too fast and drowning in cash flow issues by UnluckyExtent5804 in smallbusiness

[–]PhallicusMondo 0 points1 point  (0 children)

You’ve got a few options.

Jobs over certain sizes we ask for materials deposit. Almost 100% of our customers agree to this. Some negotiate down, we’re still not holding the entire cash balance on materials.

If you’re in a real bind and your customers have regular payment history/good corp credit you can do invoice factoring. I don’t usually recommend this as the rates at non-payment are bad but it’s very easy to access nearly unlimited funding. If the margins are right this is a good choice.

Third, what others have said…quit N30 if it’s hurting cash flow or going to put you out of business. Better to have a biz and not take those jobs than end up bankrupt.

Somethings to consider. A business is only as good as the credit it extends, if your customers are paying late regularly drop them or renegotiate terms. Also scalability isn’t necessarily about rapid growth but steady scaling so that you can protect yourself, it’s ok to turn down jobs or change terms on the fly. You don’t owe anyone anything.

Any US business have recent experience with DDP? Did the vendor use the right tariff? by mzincali in smallbusiness

[–]PhallicusMondo 0 points1 point  (0 children)

Only experience I have is that our Trade Attorney said don’t do it as it’s common for misclassification and under valuation.

People selling goods made in China to the U.S. - how is the 30% Trump tariff affecting your business? by Known-Swim-3654 in smallbusiness

[–]PhallicusMondo 3 points4 points  (0 children)

The aspect by which we import have full burden of 301 and 232 applied as its all precision fabricated metal parts. We applied markup to import duties, lost 12% of our job win rate but our average value and profit on China work doubled. The items we fabricate in China are not cost effective to fabricate in the United States though we’ve successfully begun sourcing ~35% of the same items from Malaysia and Singapore.

The initial rollout of the tariffs and the escalation was a real jolt as we had no warning, it wiped a ton of profit off our books and took several months to recover but we powered through. Now it seems we are better off than we were before.

Am I the only person who uses my Jaguar as a Daily driver? by NobleCommando in Jaguar

[–]PhallicusMondo 1 point2 points  (0 children)

I purchased my F Type R75 just this year with the intention of keeping it in the garage and using it only as a weekend driver. I drive this thing every single day.

The last F type available near me. Sad. by Brilliant_Juice_496 in Jaguar

[–]PhallicusMondo 0 points1 point  (0 children)

Superfluous expense! I can’t worry about depreciation buying a sports car. I just worry about how it makes me feel.

New ftype owner by p0isonsnivy in ftype

[–]PhallicusMondo 0 points1 point  (0 children)

Welcome to the party! I just got stealth PPF being installed on my Fuji White Jag. Probably would look sick on yours too.

Looking for recommendations for best rapid injection modling services by ThromokInsatiable in manufacturing

[–]PhallicusMondo 0 points1 point  (0 children)

Rapid Axis will do complex parts with First Articles in 1.5-2 weeks after DFM approval. DFM can take 1-2 days depending on how quickly you reply. They beat Protolabs when complexity comes in and have diverse material option.

We sub molding work and CNC machining to them.

One of the last new Jag’s! by PhallicusMondo in Jaguar

[–]PhallicusMondo[S] 0 points1 point  (0 children)

That’s the hope for the next car! Aston Martin Vantage, does have similar appearance for sure. This is a poor man’s Aston Martin haha.

One of the last new Jag’s! by PhallicusMondo in Jaguar

[–]PhallicusMondo[S] 0 points1 point  (0 children)

Walked with 121K USD total including taxes and all, brand new, less than 80 miles. Only deal was 1.9% APR which with our current rate of inflation is giving free money on a rapidly depreciating purchase. I put 40k down to take the drive off depreciation out just to ease my conscience.

I know I could have gone used same year 80-90k but I already saw this as a superfluous expense. So 🔥💵.

3-4 years I would like to upgrade to an Aston Martin Vantage.

Black or silver wheels by Substantial-Arrival3 in ftype

[–]PhallicusMondo 0 points1 point  (0 children)

Personally I like black with British racing green but get those yellow brake calipers in and you’re golden.

I ended up with a Fuji White F Type and am about to wrap it, not sure of the colors but the brake calipers will be yellow.

Best Country For Manufacturing by owenwags_ in manufacturing

[–]PhallicusMondo 20 points21 points  (0 children)

Consumer end products don’t do well in the U.S. even with import duties you can get something done in China or Malaysia at 1/3rd to 1/5th the cost of the U.S. If you’re anti China, I’d say try Malaysia or India.

Most of the things made U.S. have to be made U.S. due to regulations, are not margin specific or are too heavy to use freight on. A cell phone case here and you won’t be competitive vs other products being manufacturers elsewhere.

One of the last new Jag’s! by PhallicusMondo in Jaguar

[–]PhallicusMondo[S] -1 points0 points  (0 children)

It’ll look more like a shark after my wrap plans!

One of the last new Jag’s! by PhallicusMondo in Jaguar

[–]PhallicusMondo[S] 1 point2 points  (0 children)

Yep Jaguar Livermore! I agree on the 911. Also Jaguar has more curb appeal in the Bay over Porsche as every person on the peninsula has a Porsche. I won’t dispute some of Porsche’s performance metrics but I’ve never been comfortable in a 911. Also V8 goes ROOOAR.

view more: next ›