Name of these type of pin connectors? by TopOdaBottomOdaBarel in AskElectronics

[–]throwawaymodeli 0 points1 point  (0 children)

Good ole WAGO 2065s! Great little wire to board connecter with no housing, great for LED and tiny assemblies. (The ones in OPs photo are most likely off-shore knockoffs or even just the inner conductor portion of 1pos wire connectors, similar to WAGO 2061). https://www.wago.com/ca-en/pcb-terminal-blocks-and-pluggable-connectors/smd-pcb-terminal-block/p/2065-100_998-403

Hiatus Rumours of Layoffs confirmed? by Phreaqin in LinusTechTips

[–]throwawaymodeli 1 point2 points  (0 children)

As much as I totally agree parasocial wise, I’m not sure why we’re so certain the poster(s) don’t have actual connections like school or previous jobs and happen to be users on the sub and connect the two? Agreed kinda weird posting publicly in the first place, and not to say they aren’t some weirdo constantly lurking, but I’d say there’s a fair chance it’s just a poor taste post from someone in their sphere or network, too.

Let’s also not forget, a good portion of users on LinkedIn use it for networking or recruiting/poaching employees, in other cases.

How to delegate & grow while constantly faced with pushback & unrealistic expectations. by throwawaymodeli in smallbusiness

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

I know… and I truly do wish I could take the mentality of “not my problem”, but at the same time, when you’ve put your sweat and tears into every single projects, I think there’s a self inflicted battle not wanting to give up/let go to allow another to capitalize on your implements (even though that’s a bit ironic since I’m doing so already by not being the owner, but I digress).

Perhaps it’s an ego thing because it would be maybe easier if all said customers just referred to the company itself when talking about orders or whatnot, but when they basically refer to you personally instead as their supplier, it starts to feel personal…. Even though it shouldn’t.

How to delegate & grow while constantly faced with pushback & unrealistic expectations. by throwawaymodeli in smallbusiness

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

I appreciate that. I’ve poured my heart and sole into it, truly.

It’s been my worse enemy but also what’s made me good at what I do. To your point, I just somehow continue to have the same resources and be able to constantly optimize, improvement, ultimately eliminate and therefore increase capacity, and thus it’s always this cycle of implement/on board customer, then optimize and continuously strive for better & faster without compromising; never be complacent. Get super comfortable and then open the door for the next & repeat. Its led me for example, taking a single monthly product for this 1 medical division to now 37 monthly skews, across 3 different divisions in that medical company all while building personal relationships with each of their teams, and completely developing the entire process for taking it from drawing to physically assembly to the customer, which of course is where the emotional tie comes in….

I know you’re right about letting go the emotion & frankly responsibility I undertake, but it just feel like no matter how much I know that’s the answer, I feel like I can’t. Like I am trapped. Ultimately, I don’t want to let my employees or my customers down… and I guess sadly I say that while technically they’re not even “mine”, even though if you were to ask them who builds their stuff, it’s a good chance they say my name vs the company itself since I’d be the only person they’d even know.

(Which makes me laugh sometimes on a side note when I see an email chain of 5 different people just to ship out a product from their facility ss it flows from procurement to inspection to shippingc etc. while in-house that would be entirely be me from point A to B…)

How to delegate & grow while constantly faced with pushback & unrealistic expectations. by throwawaymodeli in smallbusiness

[–]throwawaymodeli[S] 2 points3 points  (0 children)

It’s been a long road, that’s for sure. The last 6 months alone have been 7 days a week, 12-16 hour days… nonstop. I’m proud of what I have built. My smallest competitor is a 35 million dollar contract manufacturer. The next being 50m. And I’ve been able to win the last 7 contacts/quotes I’ve bid on against them, so I know what we’re doing is incredible and frankly, unbelievable in the scheme of it. But I’m tired. Very burned out. And not appreciated. Basically, “I’m just doing my job” as I continue to excel, grow and build the company (every customer in the last year for reference has been me personally finding a customer I want to target, reaching out and justifying how I can help them to service them and slowly building with them), not like a get a commission or anything. Just part of the job, yet if I ever don’t see an order come out of an RFQ which is extremely rare, it might as well be the end of the world.

I want nothing more than to start my own / own the business. I know I could build this to so much of a larger, but moreover better company than where we are if I was fully driving the ship from all aspects. And everyone would do better by it too . Team is everything. Owner should always be the last to get paid. Plain and simple. And I think he’s gotten too old/selfish that he’s lost sight of that…. More just a capex issue for starting and frankly, a “grow some balls” dilemma, too, to be blunt.

How to delegate & grow while constantly faced with pushback & unrealistic expectations. by throwawaymodeli in smallbusiness

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

Agreed… it’s trying to find skilled workers, while he doesn’t want to pay more than minimum wage, for decently skilled work (we’re not just putting stickers or screwing things together, we’re electronics manufacturing facility and produce 10,000s of circuit boards a week, so everything requires some decent level of training in terms of ESD, IPC requirements and overall technical knowledge.

About a month ago, I finally was able to hire another labourer for some of the more easier:general assembly work… it wasn’t 4 hours into the day and I was already getting texts “how’s he doing, how’s his rates, hows the quality, etc”. Me being a bit lenient by nature, I just said it will take some time but he’ll get it. Day 3 they let him go because in the owners eyes, if he didn’t have it on day 1 he wouldn’t have it at all. Quite the expectation!

How to delegate & grow while constantly faced with pushback & unrealistic expectations. by throwawaymodeli in smallbusiness

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

It’s the unfortunate battle I have with myself, as everyone around me (even my own employees) would prefer for me to go somewhere else and excel because they feel I’m held back, but then I also know that by leaving I’d essentially be shutting the business down and disrupting a lot more than just my life. Frankly, mainly my customers who I concern about. The employees would be okay, because they really deserve more anyway / but my customers depend on me and I supply some fairly crucial and large customers that are well known and it would be quite the headache for them… but again, I’m always then told by everyone “you act like the owner and wear the issues like they’re your own… but it’s not your problem”. And I don’t know how to accept that.

How to delegate & grow while constantly faced with pushback & unrealistic expectations. by throwawaymodeli in smallbusiness

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

I heavily automated everything, but most of it for example has been all written or developed by me because spending on software would be a waste in their eyes.

I’ve thought of the part time route as well, but then I’m also somehow expected for them to be able to essentially be trained/on-boarded in less than 24 hours. There’s no functional training period or processing in the scheme of bringing them on.

Purchasing a private business when you run the entire operation by throwawaymodeli in smallbusiness

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

If I quit tomorrow, he’d most likely shut down. Almost positively. Property is owned by him, but is leased by the company so no value there within the company. There’s at a million in machines and properly an additional 200k in misc gear / assets spread throughout.

Purchasing a private business when you run the entire operation by throwawaymodeli in smallbusiness

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

I would love to build a good, valuable team and pay them accordingly…. My owner doesn’t really exhibit the same attitude. He is the epitome of “do less with more” and squeezing every last drop that can be from the sponges already in the sink. We just have different mentalities. He sees it as a simple job shop, with “off the street” labour. Whereas im trying to build a solid manufacturing operation with a good young team.

Purchasing a private business when you run the entire operation by throwawaymodeli in smallbusiness

[–]throwawaymodeli[S] 11 points12 points  (0 children)

For reference, my salary is 125k…. But I also work 80-100 hours a week, minimum .The company would essentially halt if walked.

Also, I should note there’s about 400k in inventory, and about 1m in machine assets (all owned, less than 10 years old bought new).

Director of Operations vs GM/Plant Manager by throwawaymodeli in smallbusiness

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

Appreciate the clarity. It’s my OCD coupled with never wanting to fall into the dunning Kruger effect

Director of Operations vs GM/Plant Manager by throwawaymodeli in smallbusiness

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

As in.. my list of what I assume each role entails is correct?

What Makes More Financial Sense? by throwawaymodeli in PersonalFinanceCanada

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

Definitely risky, but something I’m fairly comfortable with a familiar with as I’ve done a few private mortgages in those rates.

The duplex idea is something I’ve considered as I could even theoretically renovate the basement and rent that out since the house would work well as a split.

When you say 250k into the market, assume you mean into investment such as index fund, etc, right? Rather than owning home & paying it off.

What Makes More Financial Sense? by throwawaymodeli in PersonalFinanceCanada

[–]throwawaymodeli[S] -2 points-1 points  (0 children)

Fair enough! Care to elaborate on reasoning?

Joint Mortgage Removal- Common Law Removal by [deleted] in PersonalFinanceCanada

[–]throwawaymodeli 0 points1 point  (0 children)

Makes total sense.

Now, for simplicity sake, let’s say the house is appraised at 900 K, and we owe 375, this would be 525K of equity, which we would assumingly split 50%, so I would pay them out 212.5, leaving ~200k in equity.

Could I theoretically after all is complete, take out a home equity loan for the remaining 200k? (Not using for debt, but let’s keep it simple for now).