"The Shop" Finally - Page 9 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

*GTAHVIT* · 08-31-2011, 01:46 PM

wow, what a crazy industry.... so do you normally operate on a Net 30? or pay on deliver?

I'm always very curious to learn how different industries work....

I'm work for a large defense contractor... and that learning curve was very steep.. coming out of the Navy..

I've leaned a TON about the automotive industry both the Manufacturers and the aftermarket...

I'm amazed at the differences between commercial and federal work... I'd like to make the jump at some point....

Time will tell.

Seems like the one common theme is the relationships.... maintaining them is crucial.

mws444 · 08-31-2011, 05:24 PM

Quote:

Originally Posted by GTAHVIT

wow, what a crazy industry.... so do you normally operate on a Net 30? or pay on deliver?

I'm always very curious to learn how different industries work....

I'm work for a large defense contractor... and that learning curve was very steep.. coming out of the Navy..

I've leaned a TON about the automotive industry both the Manufacturers and the aftermarket...

I'm amazed at the differences between commercial and federal work... I'd like to make the jump at some point....

Time will tell.

Seems like the one common theme is the relationships.... maintaining them is crucial.

Usually it is net 30, when things are really tight it is upon delivery but for a discount. The Government is the worst payer of all, usually 90 to 120 days for payment from the military sales. I don't deal with them anymore.

Personally I would rather give a 1% discount for quick pay than borrow money from a bank at 9%. Once you open a line of credit they trap you, requireing your sales receipts to go to the line payoff then you have to borrow just to make payroll. They also charge for every payment and draw. In a sense you are now working for them.
I went without much more than a meager living for 20 years to get where I am at now. I know others who hit the banks and got bigger faster but they are still borrowing, while I am putting the interest they pay thier bank in my business.

Yeah, relationships are important, just never lose sight of the fact that no matter how much they like you they will buy from your competitor for a nickel less tomorrow. Business is business now days. Quality and service however will get you a long way.

JusticePete · 08-31-2011, 08:32 PM

Mike,

We see the same thing. It just does't work. Over the years we have had some painful lessons, live and learn. We are fortunate to have a unique market niche. We don't have terms any more. The parts don't leave if they are not paid for. We'll I guess those are terms

mws444 · 08-31-2011, 08:57 PM

Quote:

Originally Posted by JusticePete

Mike,

We see the same thing. It just does't work. Over the years we have had some painful lessons, live and learn. We are fortunate to have a unique market niche. We don't have terms any more. The parts don't leave if they are not paid for. We'll I guess those are terms

Sad but true. Heck if they dont have the money to pay now what is going to change in 30 days? Big fortune 500 companies however are a very different animal, no terms no sales. Just an evil I have to endure to do the volume.

mws444 · 08-31-2011, 09:06 PM

Well here is where we are on the shop. Interior walls up, and will start the side wall in the morning.

*GTAHVIT* · 08-31-2011, 10:42 PM

Thanks very much for the insight...

Shop is coming along very nicely.

GEEo · 08-31-2011, 10:49 PM

mws444 · 09-01-2011, 10:04 PM

Well side wall is up! Roof starts going on in the morning. Man I think I need to put some windows in this thing. I will get them planned and ordered next week. Should finish the building Monday or Tuesday. Dang then it is on to the inside.

JusticePete · 09-01-2011, 10:18 PM

Lookin' good. The great thing about building in Texas this year is we don't have to worry about rain.

mws444 · 09-01-2011, 10:32 PM

Quote:

Originally Posted by JusticePete

Lookin' good. The great thing about building in Texas this year is we don't have to worry about rain.

Check the weather, you have a tropical depression in the gulf that may hit Texas and linger for a week. Might just get all that rain you are behind in a few days, all at once.

JusticePete · 09-01-2011, 10:59 PM

Go figure. Between the move and Dad it has been a long haul this summer. I owe Deb and the kids a little break so I thought heading to the coast this weekend would be a good idea. We won't melt from some rain. If we blow away, the keys to Pedders are under the mat if you need anything

mws444 · 09-02-2011, 05:50 AM

JUst checked this morning, looks like you are safe and the weekend dry. If you are going to Galveston, check out Moody Gardens, the wife and kids will love it.

JusticePete · 09-02-2011, 11:34 AM

Thanks Mike. Enjoy the weekend with you family.

mws444 · 09-02-2011, 08:59 PM

Quote:

Originally Posted by JusticePete

Thanks Mike. Enjoy the weekend with you family.

Thanks Pete, you do the same.
I shut the plant down for the weekend, so its kids time. I guess I can wait til next weekend to swap the tranny.

08-31-2011, 01:46 PM	#113
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,444 View My Garage	wow, what a crazy industry.... so do you normally operate on a Net 30? or pay on deliver? I'm always very curious to learn how different industries work.... I'm work for a large defense contractor... and that learning curve was very steep.. coming out of the Navy.. I've leaned a TON about the automotive industry both the Manufacturers and the aftermarket... I'm amazed at the differences between commercial and federal work... I'd like to make the jump at some point.... Time will tell. Seems like the one common theme is the relationships.... maintaining them is crucial. __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

08-31-2011, 09:06 PM	#117
mws444 Drives: 701 RWHP Lingenfelter/Pedders Beast Join Date: Apr 2009 Location: El Paso Posts: 2,973	Well here is where we are on the shop. Interior walls up, and will start the side wall in the morning. Attached Images __________________ Lingenfelter forged balanced and blueprinted LS3, Maggie TVS 2300 LPE 9.5" Rearend 3.73,LPE dual disk clutch,10/14 rib belt drive, MTI shifter,RPM Level VI,Corsa stainless cat back, Racing Brake Rotors, LPE calipers, LPE twin fuel pumps, American Racing long tube headers, GT9 cam Port and polished heads and an ADM majic tune. 701 RWHP,Fully Pedderized w/complete bushings and Sportsryder Supercar Remote resevior coilovers. CCW 505t's Nitto Invo's and DR's Beware of the LPE Brotherhood!

08-31-2011, 10:42 PM	#118
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,444 View My Garage	Thanks very much for the insight... Shop is coming along very nicely. __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

09-01-2011, 10:04 PM	#120
mws444 Drives: 701 RWHP Lingenfelter/Pedders Beast Join Date: Apr 2009 Location: El Paso Posts: 2,973	Well side wall is up! Roof starts going on in the morning. Man I think I need to put some windows in this thing. I will get them planned and ordered next week. Should finish the building Monday or Tuesday. Dang then it is on to the inside. Attached Images __________________ Lingenfelter forged balanced and blueprinted LS3, Maggie TVS 2300 LPE 9.5" Rearend 3.73,LPE dual disk clutch,10/14 rib belt drive, MTI shifter,RPM Level VI,Corsa stainless cat back, Racing Brake Rotors, LPE calipers, LPE twin fuel pumps, American Racing long tube headers, GT9 cam Port and polished heads and an ADM majic tune. 701 RWHP,Fully Pedderized w/complete bushings and Sportsryder Supercar Remote resevior coilovers. CCW 505t's Nitto Invo's and DR's Beware of the LPE Brotherhood!

09-02-2011, 05:50 AM	#124
mws444 Drives: 701 RWHP Lingenfelter/Pedders Beast Join Date: Apr 2009 Location: El Paso Posts: 2,973	JUst checked this morning, looks like you are safe and the weekend dry. If you are going to Galveston, check out Moody Gardens, the wife and kids will love it. __________________ Lingenfelter forged balanced and blueprinted LS3, Maggie TVS 2300 LPE 9.5" Rearend 3.73,LPE dual disk clutch,10/14 rib belt drive, MTI shifter,RPM Level VI,Corsa stainless cat back, Racing Brake Rotors, LPE calipers, LPE twin fuel pumps, American Racing long tube headers, GT9 cam Port and polished heads and an ADM majic tune. 701 RWHP,Fully Pedderized w/complete bushings and Sportsryder Supercar Remote resevior coilovers. CCW 505t's Nitto Invo's and DR's Beware of the LPE Brotherhood!

08-31-2011, 08:32 PM	#115
JusticePete Drives: Camaro Justice Join Date: Jun 2007 Location: Virginia Posts: 20,174	Mike, We see the same thing. It just does't work. Over the years we have had some painful lessons, live and learn. We are fortunate to have a unique market niche. We don't have terms any more. The parts don't leave if they are not paid for. We'll I guess those are terms

08-31-2011, 10:49 PM	#119
GEEo OKCamaros Drives: 4 banger Diesel Join Date: Mar 2010 Location: Philippines Posts: 4,572

09-01-2011, 10:18 PM	#121
JusticePete Drives: Camaro Justice Join Date: Jun 2007 Location: Virginia Posts: 20,174	Lookin' good. The great thing about building in Texas this year is we don't have to worry about rain.

09-01-2011, 10:59 PM	#123
JusticePete Drives: Camaro Justice Join Date: Jun 2007 Location: Virginia Posts: 20,174	Go figure. Between the move and Dad it has been a long haul this summer. I owe Deb and the kids a little break so I thought heading to the coast this weekend would be a good idea. We won't melt from some rain. If we blow away, the keys to Pedders are under the mat if you need anything

09-02-2011, 11:34 AM	#125
JusticePete Drives: Camaro Justice Join Date: Jun 2007 Location: Virginia Posts: 20,174	Thanks Mike. Enjoy the weekend with you family.

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