Focused on Machining (FOM) was recently featured on The Job Shop Show with Jay Jacobs. The Job Shop Show is a podcast that was created by former Founder and CEO of RAPID, Jay Jacobs. Jay talks with owners of manufacturing businesses about their experiences and best practices around running their manufacturing operations. You can read about and download all episodes here.
In FOM’s episode, we discussed my transition from being an Ex Airforce mechanic turned Banker then owner of FOM. Being I was a commercial banker for 5 years I am able to share my unique perspective before taking over FOM. My unique perspectives of banks provide valuable advice for other shop owners I explain the mystery behind banking decisions.
Additionally, I go into detailed financial metrics and what shop owners should key in on to ensure their financials will be well received by Banks. This will help with banking relationships and getting approved for new loans or lines of credits that may be needed to fund growth.
Check it out below!