Suffering Through The 2008 Economic Collapse!

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Suffering Through The 2008 Economic Collapse!

Рет қаралды 289,357

2 жыл бұрын

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Пікірлер: 507

@D001lz 2 жыл бұрын

Machine shop engineers are one of the most underrated professions. Keep going mate the world needs you!

@D001lz 2 жыл бұрын

@@donjuan6646 absolutely not!

@D001lz 2 жыл бұрын

@@donjuan6646 should be triple that! My point being the skill to pay ratio in comparison to other professions. I was also referring to machine shop engineers across the globe. Maybe your experience is different in your country.

@bf4chode2 2 жыл бұрын

Overrated*

@dickfitzwelliner2807 2 жыл бұрын

@@D001lz you really think someone should make 150k machining parts?!! Hhahahahaha

@moonryder203 2 жыл бұрын

This is the prefect example of when they say that success is hard work and dedication. People always see the end result and hardly ever see the sacrifices you had to make to get there.

@gverhoeff39 2 жыл бұрын

That's how it works ! We make a sacrifice for life the moment we take a breath knowingly the next breath keeps us alive . That plays out in everything humanity does period for us to succeed !

@non-binaryjesus 2 жыл бұрын

Indeed

@TimeSurfer206 2 жыл бұрын

It also takes luck. Never underestimate that.

@TimeSurfer206 2 жыл бұрын

@@the1knifepro169 Donald Jenious tRUMP is only rich because he was lucky. He was lucky enough to be born by the Wife of a Rich Man. Where you are born: The ZIP Code you live in growing up... From this alone i can predict your success. And your parentage is nothing but... Pure Luck.

@Photosynthesisbeing 2 жыл бұрын

I worked for a company (Buckley Systems) a manufacturing and cnc machining plant that went through the exact same hardships. Bill Buckley had that drive to go searching and looking for work in the semiconductor industry to bring his business back and make it even more successful today. People like you and Bill really do help other people and their families live a better life and we dont have the drive like you guys but we are glad you work as hard as you do. Never give up is the best life lesson. All the best for the future Titan CnC.

@prodesign8189 2 жыл бұрын

I will always remember this video when I have that month where I barely pay my machine payments and overhead. It seems that this year has been exceptionally tough and I cannot see a light at the end of the tunnel. Thank you for reminding me that God is a provider. God bless you and yours brother.

@michaelwalsh2621 2 жыл бұрын

Stay strong in that my dear brother, as the road ahead is only going to get darker……but for those in Messiah His light will never fade nor forsake.

@henmich 2 жыл бұрын

We went through this... 50 employees, non stop rise, then covid hit. We were declared "Non Essential"... We went from 50 to 4 people overnight. That's when you realize how bad your legacy costs can be. It's hard to pay those bills every month without that incoming money. I wish you well. It's a hard pill to swallow... It's my biggest honor to feed all those families, then boom... it's humbling...

@Squat5000 2 жыл бұрын

And your company was essential for 50 people People never should have cooperated, it'll never go back. They keep pushing to end every small business like you or Titan and consolidate it to only the big players.

@terrynaude284 2 жыл бұрын

@@Squat5000 well said. South Africa.

@mattportnoyTLV 2 жыл бұрын

I went through something similar. It wasn’t Covid related but I know exactly how you feel.

@creating...6001 2 жыл бұрын

@@Squat5000 thats called a monopoly, monopolizing... By law its forbidden, although they get around them and even if advocates mess up, if even they get called to court even, they've got the money to bribe.

@specialagentdustyponcho1065 2 жыл бұрын

@@Squat5000 nearly 800,000 people have died, and rising, and it would be even worse if we'd done nothing.

@markmaker2488 2 жыл бұрын

Most people will never appreciate how hard it is to run a business, all they see is the nice house and cars and think the boss just kicks back and collects the cash. Titan deserves to be at the top.

@maximusnotsure8282 2 жыл бұрын

Capitalisms bad, he should pay more taxes! durr

@humphreybumblecuck5151 2 жыл бұрын

@@maximusnotsure8282 We need open borders to maintain a worker surplus and tariff free trade to encourage multinationals durrrr

@mrt6399 2 жыл бұрын

@@humphreybumblecuck5151 r u talking about the us? if so we have enough people they just need the skills durrrr

@humphreybumblecuck5151 2 жыл бұрын

@@mrt6399 I was copying Maximus, only adding to it. The joke here is that what the US economy actually needs is: Less Taxes, A worker deficit (-supply&+demand=increased wages), and tariffs on most kinds of foreign MFG goods, cutting regulations to reduce overhead. If we did these things it would get the boot off the throat so to speak and make us competitive internationally again These things will never happen though because special interests. Sorry for the brevity, that I don't support these claims, with paragraphs detailing why. But that ain't my place ya dig? You can google these things probably.

@mrt6399 2 жыл бұрын

@@humphreybumblecuck5151 ah I see, your good :)

@warningsigns4526 2 жыл бұрын

Its always just like that, He gives you just enough - the story of our life (family) and you get by - something out of your control that you would never have expected. Going for it.

@ligarsystm 2 жыл бұрын

Not a bad thing as it tends to keep one humble.

@togowack 2 жыл бұрын

He being God? He gives you abundantly. If not, you're doing it wrong.

@togowack 2 жыл бұрын

@@lmartin3601 Titan is a Christian guy really whats lacking in the business world is prophetic. He could have seen 2008 coming. Christians should rule the business world!!

@Turboy65 2 жыл бұрын

For stability a machine shop must have diverse clients in different market segments. If any one market segment crashes, it should not be enough to take the machine shop down. An economic downturn always causes some opportunities to end, but it also causes new opportunities to be born. Watch for them. Prepare for them.

@bobhoffman5581 2 жыл бұрын

Excellent advice; also, expanding too quickly, borrowing more and more $, buying more machines, while still paying on the others, is asking for trouble, it seems to me. Big houses and fancy cars don't help pay down your debt, either. Living large isn't wise under such circumstances, in my opinion...

@dougthewelder 2 жыл бұрын

I've owned a fabrication and machine shop for 24 years. And 2008-09 was the worst it ever was in business. I personally laid off 17 guys in one day! We had work for two more months and my four largest customers cancelled they're POs in one day. It makes you look again at why you started your company and what is more important. We diversified into anything we could get our hands on. Started going to auctions and scraping old cnc machines and selling controls on eBay. Half the guys who I laid off were working for me for cash and learning things they never had to know before. These hard times suck but they build true character. A real company is a family of people working for a common goal to make everyone prosperous. Good job Titan!

@ELECTRICMOTOCROSSMACHINE 2 жыл бұрын

Kind of a helpless feeling, I have always found a way through all the booms and busts. Its pretty cool we have this really special guy TITAN, helping us get through these crazy times.

@benjaminmerritt769 2 жыл бұрын

08, 09 and ,10 were my first three years off active duty military. I had zero marketable skills from enlisted life and was at a crossroads with myself of staying in the military until retirement or trying to make it in a flooded, slow market. I started changing oil at a car dealership for about minimum wage, and one of our fleet customers ended up offering me a job driving a service truck and doing industrial mechanic work. Now I’m a millwright working for one of the largest chemical companies in the world, giving my family a good life and feeling blessed every day I get to go to work. It wouldn’t have happened without a little luck, hard work, faith in the Almighty and a family that always gave me something to work for. Nowadays I’m looking forward to advancement and eventually retirement from a field that’s done myself and my family well. Hearing your story and knowing what you’ve turned it into motivates me. Thank you for that.

@yhammess1175 2 жыл бұрын

Just goes to show how scary and tough running a manufacturing company can get, so glad you guys pulled through.

@terrywarburton6119 2 жыл бұрын

When you own a business long enough, the setbacks happen. Just part of being the "Boss". Keep up he good work!!

@jasperlawrence5361 2 жыл бұрын

that is for sure

@soldermecold7456 2 жыл бұрын

I am not in manufacturing or machining, but I am a business owner, and his stories always resonate with me. Excellent channel and story teller.

@cybersechs1368 2 жыл бұрын

Same, business owner here transitioning from entertainment services to manufacturing a small product from the ground up. I'm here for the business stories, and the emphasis on QUALITY over anything during production. The 'workshop' tours like Lie-Nielsens tool shop is a great example

@robertmcpherson962 2 жыл бұрын

I lived your story of losing everything in Machining in 2014. God bless you.

@robertmcpherson962 2 жыл бұрын

Thank You

@douglastiffany9910 2 жыл бұрын

I’m a truck driver. Your story broke my heart. I’ve always praise my company owner for doing his job of keeping all of us working. You guys and gals, that keep you businesses going so we worker bees have a job is very commendable… It is with great appreciation that , on behalf of all small company workers, I thank you for ,,,being you!!! ❤️ 👍👍 🇺🇸🇺🇸🇺🇸🇺🇸

@gickygackers 2 жыл бұрын

My dad's an owner operator giving people jobs, just recently got my cousin out of a bad situation and my uncle's neighbour a new career and good work. OTR refrigerated. Respect to the truck drivers.

@scottchappell3193 2 жыл бұрын

Some times you have to have failures to help you grow,you have to taste how sour almost losing everything to be able to taste how sweet success is,there are two type of people,1 they fail and give in and take a bad road or 2 they fail but instead of laying down they crawl there way back to their knees then stand up,while your laying down you can only see one way but when you stand tall you can see the road ahead While looking back and watching that road of failure disappear in to the distance.the engineering world is a much better place for having titan in it.well done my brother you are an inspiration to others for sure.

@timmer9lives 2 жыл бұрын

Yep…. When we get knocked down, that’s what builds character.

@mujaku 2 жыл бұрын

Your invisible strength is that you love what you do and that counts for a lot. Conscientiousness and competence radiate from you.

@easygorunner4763 2 жыл бұрын

"You take care of you, we'll take care of ourselves." Was the generally the response back then. Hard times my dad didn't need to go through.

@adambrown2626 2 жыл бұрын

Don’t underrate your hard work, technical skill and tenacity as a miracle brother, that is real...

@jordantroup8953 2 жыл бұрын

I’ve watched you over the years, and I have been left in awe of what you are able to do. I know that you are a contract machinist, but let me tell you that not all hope is lost. When one chapter closes, another one starts. When you say ROV,s Oceaneering comes to mind, and I remember when they got hit hard as I was also a casualty of this. It’s time to break the mould, as new opportunities are on the horizon. Renewables is the new oil and gas, and I can’t wait for your phone to ring. You are more than ready for it, and your hungry. You sir hold an ethic I have i high amount of respect for, a rare breed indeed sir.

@pyroman590 2 жыл бұрын

My story is similar, except I was in commercial construction and got stuck with a million dollar bill (essentially stolen). I too valued my employees over anything else and in the end lost it all trying to keep it all going. Over a year now since BK and still trying to figure out how to pick up the pieces.

@ClockworksOfGL 2 жыл бұрын

During the 2008 financial crisis, the job shop next door to me had his employees painting and weed whacking. Anything to keep a good crew on. Once business came back, he hit the ground running, but there was no guarantee he’d recover. Don’t ever let anyone tell you “it’s all business” for successful people. I have my own business and it goes way beyond money. You don’t understand it until you’ve lived it, until you’ve built the idea from the ground up. The stress is almost addictive, but it’s the stress of responsibility mixed with authority. I’m calling the shots, I decide every step and the dollars coming in are mostly validation.

@mattportnoyTLV 2 жыл бұрын

I have a friend that went through this exact same thing. He did commercial concrete work in Chicago, and got stiffed by TWO customers at once for over $2MM. Took him years to recover. I also went through a biz failure. Lost my staff of 20, ended up in BK. It’s been 8 years and I still haven’t fully recovered.

@Atlantismonkey40 2 жыл бұрын

There is a reason why this man can shape titanium like very few! There is some part of him that is made of titanium. Maybe it’s his faith, love of family and love of what he does. His willingness to push when pushing is necessary. There are books yet to be written about his journey. No of that matter’s if your not willing to listen. In these indifferent times. Titans story is sounding more like FORD, Nicklaus Tesla. I follow this channel, not because I’m learning about CNC’s and how they create everything. I watch and listen, so I can keep grounded to the things in life that are important. Thanks man.

@luisca92 2 жыл бұрын

Same

@Antony_Jenner 2 жыл бұрын

Nicola Tesla.

@GuillermoRodriguez-gu3oq 2 жыл бұрын

Mr Titan is a good hearted towards his employees and the heart of a Lion towards his business. All his ambitions and dreams are coming true.

@togowack 2 жыл бұрын

A good heart gets one bankrupt. Better to do the right thing and know how to consult with your creator. Titan really should have seen the crisis coming.

@gregoryrapier3021 2 жыл бұрын

I have seen bad times in my life. I have been a welder and a sheetmetal fabricator and worked lathes and mills. I was laid off 17 times in 10 years. I know the fear and the pain. Sleepless nights worried about my family. But I was able to find work to keep going. By working part time at 5 different shops. One would have work another I would work after hours for. then one would run out of work and then another would need me full time till that job dried up. I retired on July 1, 2013 at 65.after working as the foreman for Gallo Winery for 19 years. After working in many different shops. When I retired companies that I had done work for started calling me wanting me to work for them. After being retired for 7 months I returned to work building food processing equipment for two company's and worked for7 more years. At 72 I retired. Your story is great. I hope you know how special you are. I am sure GOD is very proud of you. Thanks for posting this.

@jcarry5214 2 жыл бұрын

I wish I'd stop getting recommended this channel. I have no interest in the content and I've hardly ever heard anyone so in love with the sound of their own voice telling their own story.

@joycethomas8868 2 жыл бұрын

I was in manufacturing from 1969 till 2014. I worked in 13 different shops. 17 yrs hourly, 18 yrs salary. It appeared to me manufacturing ran in 8 year (approximately) cycles here in the US. Up 6 years, down 2. Feast, then famine. You gotta put money away for a rainy day, cause it’s GONNA rain. 2008/2009 was a rough stretch. Good luck, keep up the great videos.

@budscaglini 2 жыл бұрын

Respect man 👍

@smportis 2 жыл бұрын

2022 is coming people. Next cycle.

@CallofDoobie585 2 жыл бұрын

Titan. I wanted to say i follow your story. As a ex addict, a youthful offender etc, ive come a long way myself but nowhere near like you. This is the inspiration some folk need. Thank you for that

@paddington1670 2 жыл бұрын

Compare yourself to who you were yesterday not where others are at today - Jordan Peterson

@olderthandirt7023 2 жыл бұрын

Your story sounds eerily like my story, step by step, over investing and believing it was a momentary downturn, so I kept everyone employed. Unlike you, we lost everything, with no income once the business went into liquidation, we ended up having to become bankrupt and lost everything we had ever worked for over the last 40 years. No home to live in, no vehicles to get around in, nowhere to store the last fragments of our lives. It was the hardest time 5 years ago, destitute and homeless, we lived on friends and families homes for 18 months. It was heartbreaking and devastating but, we have come to terms with it. Now we live day today. So, I know how it feels, good on you for getting out of it, a true testament of your courage and determination. Thanks for sharing !

@timdavis8154 2 жыл бұрын

Wow thank you for not giving up. To fight for your employees and your company speaks volumes. Well done.

@anneinfurna8528 2 жыл бұрын

There are 3 Mantras of Modern Business...When the inevitable is happening, You Cut Costs, Cut staff, and then Cut OUT! My Father told me 'Put your finger in a Glass of water...now, Pull it out... Did you leave a Dent?" That is your lot In Life, others will swarm in to take your place, it happens in all Factions of Life, So be prepared for it." Sometimes you are the Insect, and sometimes you are the Windshield...Its better being the Windshield, especially if it has some fresh Fluid in there. No Matter How much an Employer professes he cares about You.. He cares about himself 100 times more. You are just a Cost of doing Business, and that can be Eliminated very Quickly as the Fake Unemployment Numbers can attest. The quicker you understand these TRUTHS about the Employee/Employer Relationship, the Wiser you will Be. Now get back to your Mindless, Meaningless Job, Times a Ticking...Thaaas Right. ; )

@alexmoseley3090 2 жыл бұрын

08 was tough. I have a fabrication shop, turret press, 2 lasers, 4 press brakes…21 employees. Started 09 with 7 employees, by mid May, 5. Most jobs that did come in had an extremely short lead time, whatever machine we were producing the parts from, I wold ask my guys to stay as late as they could but don’t turn the machine off, come get me. When they left I asked for them to come in as early as they could the next day. I would process the parts that night until they returned. 3 hours sleep n office floor later, back at it. It’s not the good times that define us, it’s the hard times. I was determined that if I failed, it would not be from a lack of effort. Today the business supports 15 families, families that are my extended relations. We got thru 2020 with all our guys, and that only strengthened us. No organization is greater than the sum of it’s parts. It’s not the equipment, the software, anybody can acquire those things. It’s the folks that walk in that door everyday.

@robburross7413 2 жыл бұрын

Yours is a message of hope. Several times throughout his video, I heard you say that you spoke to God. He is listening.

@norbertfleck812 2 жыл бұрын

My rules to avoid that: 1. No customer must have more than 20-30% of your total turnaround. 2. Every main customer should be in a different industry. (Lubrication devices, bicycles, pharma, fun sports, ...). My first company got lost because I did not know these rules yet/did not follow them.

@humphreybumblecuck5151 2 жыл бұрын

That's pretty insightful thankyou. I'm sorry to here that. I hope things are doing better.

@togowack 2 жыл бұрын

Yup takes more than being a good technician to be a good businessman. Must oversee your business like God himself.

@__--JY-Moe--__ 2 жыл бұрын

what a beautiful testimony! having a ''good crew'' is a job in it's self!! I've still got boot mark's, from desperate boss'es!! ''act's of Government''!!that is a thing! U wouldn't think Industrial's could flat-line like that! it is 2022? as a Nation, we have been #1 in Industry for over 200 years!!! that facemill ramping looked real nice btw!! good luck in future stuff!! pray'n 4 U !!

@timothybell138 2 жыл бұрын

I would just like to say Thank you for this video. I remember 2008. You are a true person that has the honesty to tell a truth.

@680mudman 2 жыл бұрын

I used to have major problem's in my life. Then I learned one important thing that changed the rest of my life. That one simple thing was to never give up....never!

@douglasgreen7125 2 жыл бұрын

being a small time business owner ( for 2 1/2 years) i feel your struggles !! still cnc machining !! but what a experience i will never forget

@libertarian1536 2 жыл бұрын

Its men like you that never quit, that built and made this country. God bless you. And thank you.

@OzSafe1 2 жыл бұрын

Failure is success’s stick, and just like the lead hates being cut by the pencil sharpener, without it the pencil becomes ineffective. I’ve been an entrepreneur for 30+ years and the measurement of success is not what’s in your garage, but in your heart. If you achieve success without failure, me, and every other successful person around the world would feel cheated. So from an Aussie down under, welcome to the club.

@marvtomson574 2 жыл бұрын

I remember those times when it hit our business, we had to restructure our business a bit to keep afloat. No overtime, no working on the weekends, mandatory 3 days off with multiple rotatations of employees. A few of the guys walked away which I figured would happen. But after all that happened we still came back, and even better. 2008, 2009, 2010 were some difficult years.

@amanawolf9166 2 жыл бұрын

It is rough. I remember getting out of college in 2005, took a year off, and then started searching for a job. When the economy took that massive hit, I couldn't find a job. There were people lined up down the block near me to apply for a job at a fast food place. Took forever but managed to find a job after a lot of hardship. Doesn't matter your political stance, race, age, gender, etc..., hardship is hardship. We all suffer.

@fyrman9092 2 жыл бұрын

Louis Rossman did the noble act of keeping employees during the height of the pandemic. He knew if he let employees go, they were not coming back. He was willing to go down with the ship. Easy for business to make cuts, hard to recover when the work returns.

@norbertfleck812 2 жыл бұрын

That's why we have an instrument called "Kurzarbeit" on Germany. For a limited time the unemployment insurance will pay (60-80%) the wages of your employees when you send them home because there is not enough work. So it's much easier to keep your staff during a crisis like the Corona pandemic. And once the crisis is over, you can restart your company in an instance.

@rpnp2 2 жыл бұрын

@@norbertfleck812 Majority of States in the US have something similar with unemployment programs, but every State can make up there own programs for unemployment. For example in CA they were giving more money on unemployment then majority of entry level jobs were paying during the shutdown. Personally as a college student I was able to benefit from the govt. aid and came out of the lock down doing pretty well.

@norbertfleck812 2 жыл бұрын

@@rpnp2 The advantage of the "Kurzarbeitergeld" is: You keep employed during that time. Your employment treaty remains untouched. It's like a paid vacation.

@wombatillo 2 жыл бұрын

Rossman is still quite stressed out about the financial situation. Isn't he looking for a smaller/cheaper office because the current one is like $12.5k per month and he's bleeding money?

@TheMrJaagoo 2 жыл бұрын

Gotta love how even Titan's fax machine goes boom.

@yasha1928 2 жыл бұрын

Thank you for sharing everything Titan. I've been spoiled by niceties my whole life and never realized how much perseverance one must have to operate a business or company.

@seancarson6481 2 жыл бұрын

It's to bad my employer didn't have the same drive as you. August 2020, my employer closed her doors on us, I had worked for this company for 18yrs, luckily I was able to find work, but was not fully happy with new place, a year later, was able to find another place that makes me happier, now doing what I enjoy more in the industry.

@ColossalCrib 2 жыл бұрын

We went from 110 to 9 employees over 10 years. Went onto a 3 day week. This year has been good tho. 2 new cnc machines, 9 new workers, slowly building up again.

@megaasia9064 2 жыл бұрын

Keep moving forward .. the world need your energy and wisdom!!!!!!!!! God bless!!!

@stephenpearce3880 2 жыл бұрын

I had a similar story in the UK. 2008 worst year in my life. The greedy corrupt banks screwed us all, and then the banks were saved by Gov. leaving everyone else to suffer. Good to hear you survived 👍

@chetmarcotti4953 2 жыл бұрын

To me you are a model to follow. May God bless you, and your family. May God help you to keep your company afloat, and move onward and upward. An old engineer, Chet

@shadowcaster111 2 жыл бұрын

Been thru many of these government induced economic failures. So glad to be out of business now. Lets go Brandon

@alanreynolds2287 2 жыл бұрын

The most difficult thing for a privately owned company owner to do is to realize that their 'Baby' is dying and to avoid dying with it, you have to end it. I've seen many people go into personal debt that they will never recover from in their lifetimes because they just could not let go. It is counter to the American 'get it done' attitude and it is sad to see. Glad you managed to make a comeback!

@MiguelLopez-xp8yd 2 жыл бұрын

I am a salesman. Of machinery. Cutting Tools and clamping systems. I live in MÉXICO. Here the Covid impact in business stills. We have to learn from zero. We transformed our machine show room into a machining factory. Not easy transition. But certainly a memorable journey I lost my cars and almost my house. In 2022 we will apply to be ISO 9000 certified. We are working to bring back better times for our team members.

@fabriglas 2 жыл бұрын

Thanks for sharing your struggles... its easy to share successes it's how you deal with the trouble that counts in my opinion.

@michaelsteyn5325 2 жыл бұрын

Similar experience here. Sat in my sushi take away looking and thinking of what I've managed to achieve to that day. And it was for nothing. I tried. I failed. I learned from the burn. Not a good feeling. Now I'm working in a completely different field and when I look back, I regret that it didn't work out. But I'm thankfull that I've tried and pushed to make it happen.

@50iha 2 жыл бұрын

Cashflow, baby. Watch your cashflow. Growth fueled by debt, loans, from banks rather than organic growth always leads to trouble for a small business. it is especially hard on those 30 or so employees now on the unemployment line.

@tempest411 2 жыл бұрын

And that's why I"ll never leave the place where I'm at. It's not a machine shop, but they kept me employed through the `08 recession and the COVID shut-down. Even though I and my coworkers couldn't be on site, they put together just enough remote training to keep paying everyone. Six weeks later we were back on site, full speed ahead!

@ferencungvari3089 2 жыл бұрын

In this trade one must be diverse in terms of customers. we have 120+ different customers in our phonebook in a 35 employee business, we rarely see anything near as devastating like what You had to live through. we never had to let people go bc of financial crisis due to the fact we are manufacturing only small runs in a wide range of materials often with surface and heat treatment + finish machining involved. You got to be diverse in this regard, which I am sure You already learned. its a nightmare to keep up the contact channels but very well worth it in the long run.

@dot73 2 жыл бұрын

Ups and downs in every journey. DETERMINATION.

@comfortablynumb9342 2 жыл бұрын

"Overpaying employees"? 😂

@randywl8925 2 жыл бұрын

I'm surprised you didn't name your son Ti. 😁 You survive because you were meant to survive. You have a way of finding every option available when the chips are down (pun intended) Your passion for your workers families is refreshing.

@j.brentadams9572 2 жыл бұрын

Those aren’t miracles brah. That’s the fruit of your passion and your hard work.

@Ham68229 2 жыл бұрын

I remember you telling this story awhile back. Dedication, determination, will always prevail in the end. There IS a plan for everyone, it just how each person perceives it. You're an inspiration Titan, cheers :)

@j.morales3166 2 жыл бұрын

I saw alot of shops go under in 2008, including the shop I was working at. The owner invested in a Mori 5-axis with a cell just before the collapse. He couldn't make the payment plus he had this weird way of degrading us. He went under eventually and I eventually went on to open my own shop. Keep grinding, keep swinging....just like baseball, you eventually hit one and it was the hit that mattered.

@leerichmond1459 2 жыл бұрын

You're one amazing man! So very proud of you Titan. Thanks for being a great influence and mentor for us!

@anneinfurna8528 2 жыл бұрын

@pyhead9916 2 жыл бұрын

I operated my own business for 12 years and I have a business degree. I learned a lot that school never taught me. First and foremost, you need to know how to sell your product and or hire good sales people. I was terrible at selling, but was great at closing the deal. (That statement alone will confuse about 90% of people who just read it.) My business did not thrive until I hired 3 great sales people who I paid more than I personally earned. Sales people don't really care about their product, they care about making money. (That statement will also anger 80% of people who read it; especially, sales people who are not honest with themselves.) They would line-up-the-business, then I would step in and close the deal. (There are a lot of sales people who can't close the deal because they don't understand the product as well as the creator.)

@norton750cc 2 жыл бұрын

I do similar work, 2 Haas machines and the usual manual suspects, I can only fire myself. Stay small bro, no pain, 68 yrs old, work is fun! My max quantities are 200 items, that comes at a price. Doing small batches and one off parts is very lucrative as a one man biz. big numbers go to the sweat shops that they choose, or I do the toolpaths and send it out. Small stands the time test, low overheads . That makes survival happen. Plan for the good times, but stay focused, $150.000 for a machine that needs to work 24/7 to pay off someday is a huge gamble. Hiring people is a hard thing to do, you are giving them a job and a wage. It screws folks up to be fired for a reason not related to their work performance. Do not take this badly. You have done great things Bro. And I respect that. Best wishes to you, you will be fine, God bless.

@pacemetalfab 2 жыл бұрын

Titan, you are a VERY inspirational man !!! I appreciate all you do for the US manufacturer

@FonWin 2 жыл бұрын

Sad thing is, large number of businesses didn't get that last minute reprieve. In my family 2 business collapsed. But I can be thankful that the companies and the people that caused the financial collapsed were prosecuted and were justly punished. And this will never happen again because of it.

@BojaneBugami 2 жыл бұрын

I'm one of the best cnc/general machining guys you've ever met. Even old timers tell me that. I don't know something about everything. I don't even know anything about everything. I do know something about a lot of things. But I do know everything about something. And that something is cnc machining. I've only met a few on my level.

@hondalova90 2 жыл бұрын

So much respect for this guy..

@treborozal71 2 жыл бұрын

My Barbershop has been on edge for the last two years. I have owned it for over 30 years. The struggle is real...

@lakerfan82k3 2 жыл бұрын

90,000 every two weeks to 50 employees is an average of 22.50 per hour to run highly advanced. They aren’t getting paid anywhere near enough.

@jchinderle 2 жыл бұрын

"..I over paid my employees.." "..90k every two weeks for payroll.." "...55 employees..." thats only like $20 an hour, per employee, less if there was overtime. and thats why its a dying trade.

@motochris26ify 2 жыл бұрын

this right here.

@jeffg4008 2 жыл бұрын

That's roughly 26 an hour in today's money, and I am willing to bet there were lots of low skilled on that crew that were making minimum wage which was about 6.5 an hour. That means many of the skilled labor was making way more than 26 in today's dollars. More like 35 to 40.

@dickfitzwelliner2807 2 жыл бұрын

Well guy....that was in 08. You do understand what inflation is yeah?

@TheFreddyfloyd 2 жыл бұрын

That's the cash to the employees. The income tax is sent separately to the government. You never hold employees with out work. The love is lost pretty quickly when they are not getting their end of the bargain and not many are willing to sacrifice (Some do). It's harsh but reality.

@jameshudson7203 2 жыл бұрын

I work as an operator and quite frankly it's sad. With the labor shortage and the fact demand is growing. Industry is going to switch over to automated in the next ten to fifteen years. The only machining jobs left over will be set up and programing. But who knows how long that lasts until set up is automated

@1234superduper 2 жыл бұрын

That is a grear business story I listened to every word on. Impressive in many ways. It is no wonder I shake my head in amazement at the stupidity of progressivism / communism. This man shows why the American system has been the envy of the world.

@HJZ75driver 2 жыл бұрын

The American system is broken. No mandated vacations. And no hospital cover

@teamtoken 2 жыл бұрын

Progressivism is NOT communism and has nothing to do with it. And Americas system is most definitely not the envy of the world.

@brianbaumgartner7223 2 жыл бұрын

"Regressivism" is more accurate.

@anubis8680 2 жыл бұрын

I have been watching your videos on and off for almost 3 years I think..... Crazy to hear this go down for you man. If you can bounce back, and get cemented (whatever that means...) I would say call back that crew that you had to let go. I dunno, I'm a nobody on the internet.... but your story was very inspiring to me to look into cad/cam and to try and light a fire under my butt to learn some stuff. I hope Titan will become a TITAN of industry. And that you will become a lasting player in the US market. I really loved that video or series where it was all about pushing those machines as fast as they can run. If service is set by hours why run IPM so slow if you don't need too, let the chips fly!! Sorry to hear about the troubles in your downsizing ... I hope people realize buy quality buy once not cheap crap that will break in no time. Rooting for you man.

@piccalillipit9211 2 жыл бұрын

*IN 2008 I HAD A BESPOKE FABRICATION BUSINESS* we made unique garden buildings. We had a full order book for 2009 and half of 2010 was provisionally booked. In one week *EVERY SINGLE ORDER CANCELED* - I bought a caravan and went to live in a wood for 2 years...

@madeofscars9355 2 жыл бұрын

To be successful I believe you need to experience close to failure so you know when to pull back in hard and desperate times, some decisions you have to make absolutely suck but without knowing when to make them decisions luck may not be on your side the next time round and you may just end up at a point of no return and everything implodes leaving a massive hole that will indefinitely turn your life upside down. (I wish I had that 2nd chance)

@timothyvaher2421 2 жыл бұрын

Glad this is a Past story! It happens to everyone, from you to each single worker everywhere. Our creator teaches us this way. We save and plan and weather the ebb and flow! Every Machinist knows this story. Praise The Lord! Amen.

@drjaye1962 2 жыл бұрын

I love Titan, all he cares bout is quality, God Family n Country, Leaders lead, everything else is just bunk, I would follow him into hell n back just 2 say I was part of the journey…we would prob argue bout politics but @ the end of the day, here’s a real leader, everything he’s ever been thru has made him as strong as that titanium he’s been cutting…peace

@aeolianharp1363 2 жыл бұрын

As inspiration for all small businesses, and you machining is first class

@anrew1000 2 жыл бұрын

If this doesn’t give you chills nothing else will. Keep fighting the good fight brother!

@69AARVIPER 2 жыл бұрын

Say it Titan ! God saved u and all glory be to the most high ! God does do miracles for us . Jesus christ is the only way to the Father in heaven . Titan u inspire us all to be more then average. Thank u brother ! Master cnc machinist 30yrs and counting.

@norbertfleck812 2 жыл бұрын

God will save no-one. Hard work and excellence will.

@togowack 2 жыл бұрын

@@norbertfleck812 Without God and gift of prophecy 2008 will happen to a business person many times until they are through.

@stevensghost945 2 жыл бұрын

I have a rule: always plan to not the first person to drop. Always to be the last man standing. Hilton did this in the crisis of 1929. When you reach a certain point , always be the last man standing

@2098662 2 жыл бұрын

Thank you for sharing. I’ve never been through something even close to the weight of this and when and if I do, these words will help.

@jrod4538 2 жыл бұрын

When things slow down you’re better off cutting hours instead of getting rid of team members until you cross that bridge.

@henmich 2 жыл бұрын

Even when some of the employees live at home, have no kids or spouse, and have no debt? While some of the employees do?

@jrod4538 2 жыл бұрын

@@henmich If it is a true brotherhood then the employee with no family, no responsibilities would take one for the team.

@lonnieporter8566 2 жыл бұрын

You, sir, have been blessed in a big way -- and I can tell you realize that and are thankful for it. Keep on keepin' on, man. Manufacturing was very good to me for thirty-four years. It will continue to be very good to you as well.

@jimfraser734 2 жыл бұрын

Wishing you the best. From Scotland.

@MichaelSmith-td7op 2 жыл бұрын

I've been there. It's a hard road to travel but in the end you're a much better person for it aren't you? God refines us in fire!

@tomcannon936 2 жыл бұрын

First rule of business never have all your eggs in one basket.

@rayblankenship432 2 жыл бұрын

God always comes through. Your prayers were answered and as always, having faith in Him to provide is a must! We're going through the same thing here at my shop. I'm not into machining much and only have a desktop CNC, but we manufacture TFI Relocation kits for the Ford Mustang Fox Body cars. Copper is off the charts right now and it's crippling our profit margin. I blame the current administration for this just like it happened in 2008. We will continue to fight to keep our business open and never quit until we are called Home. We prospered very well the last 4 years, but now it's time to buckle up!

@jeffpitzer8521 2 жыл бұрын

What a story! I've owned 2 Malibu boats..they are a quality product 👌..glad they came through for you..

@adamramirez7626 2 жыл бұрын

You are the real deal and I pray that God continues to bless you and your family!

@jethrrod9382 2 жыл бұрын

I grew up a meager life. We always had food on the table and were clothed. I worked thru the recession of 2008 in a smaller shop honing my craft. The one thing that I learned was the same lesson dad taught me growing up. Don't live outside your means. Millions coming in SMH

@hernerweisenberg7052 2 жыл бұрын

I've spend a good part of that year driving in circles on a lifting plattform in a mercedes production hall, waiting for parts to assemble a new line for door production. They came eventually, but when they did, controlling that plattform was like second nature to me, having driven it for perhaps a couple thousand kilometers xD

@gusguzmanjr.12 2 жыл бұрын

This guy. I just happened to save my company. After spending all the profits. Firing 2/3 of my company, I'm a savant.

@briangarland9883 2 жыл бұрын

When you know you're back's against the wall you will find out what you're made of...a lesson that no kind of school will ever be able to teach you....

@adrianjackman9422 2 жыл бұрын

Going through the same thing but on a smaller scale with my company in the UK. I feel your pain.

@anneinfurna8528 2 жыл бұрын

@ericblenner-hassett3945 2 жыл бұрын

This may sound dumb at this point, however, there is online market places that still need machined parts. 3D printer upgrades, Quad Copters, 4WD RC vehicles and other ' non esential ' replacement parts. They all will be smaller parts than what you are used to, some may require contacting companies to get licence agreements, some will not be possible to get down in cost to afford to make at all. There are products waiting to be made, the hard part is getting people involved to get the list of them together and deciding which, if any, will be cost efective to make and direct ship to individual customers. You built it up this far, had a big shakedown, now is the ti e to ' upgrade ' the way you do things.

@PrairieRider 2 жыл бұрын

Keep your head up Brother.. you roll with the Bad times and the good times follow even when it doesn't seem like it the good times will ever return.

@kevincoleman9761 2 жыл бұрын

I'm an excavation contractor. In 08 I was doing a 90 lot subdivision in one of fastest growing city's in country. Within 2 weeks developers stopped project. I bid 10 jobs after that. Guys were cutting prices and get into job a month get 1st check and go broke. I sold everything I was making payments on. Took a good job in North Dakota. Oil died construction came back now oil is going up I'm getting calls to go to oil field again. Get ready it's coming.