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64. Tribal Knowledge Killed This Shop: A Machine Shop Owner Tells the Story with Jereme Rogers
Manage episode 459408965 series 3634800
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64. Tribal Knowledge Killed this Shop: A Machine Shop Owner Tells the Story with Jereme Rogers After a near-death motorcycle accident, Jereme Rogers fell in love with the machining industry and decided that he wanted to own a shop someday. When the owners of TK Machine decided they wanted to retire, Jereme and they eventually came to an agreement that he would buy the shop. After finalizing the transaction, Jereme soon realized there was a lot more to owning a business than he ever realized, and that it was much harder than it appeared from the outside. When another local company recruited away his top 4 most experienced machinists, and years of tribal knowledge walked out the door, followed by his top 4 customers swamped him with new work, the dominos started falling. Jereme fought as hard as he could, but ultimately decided to close down the business. This is the first time Jereme’s story has been told publicly, and we thank him for the courage to share with the goal of helping others by being transparent about the realities of owning a precision machining company. Follow Jereme on Social Media: Personal LI: /jereme-rogers-17427389
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