Moments Work

Build my supply chain in Dongguan

I’m currently studying metal parts manufacturing in Dongguan, a city close to Shenzhen, known for its manufacturing prowess. My aim is to integrate my expertise in magnetics with both plastic and metal parts in the future. Despite the price competition prevalent in all three sectors, by pooling resources and knowhow from each, I believe I can assist numerous companies in product development, sourcing, and manufacturing.

Continue reading

Thought Work

Trading Company: Yes or No?

The featured image, while unrelated to this blog’s content, may complement the question posed in the title. Recently, a client asked whether we operate as a trading company or a factory. They’re searching for a partner proficient in both magnetics and plastic injection molding. This is a nuanced question, as many believe working directly with a factory improves communication and lowers prices by cutting out the middleman. I detailed my personal connection to Tengye and…

Continue reading

Business Thought Work

Self-reflection after Two Weeks in the United States

Over the past two weeks, I have met with 6 client companies in various cities across the United States. In the coming four weeks, I am scheduled to meet with another 6. Interestingly, business is often the least discussed topic in our meetings. Instead, my goal is always to “seek attention” by physically being closer to current and potential clients. I am willing to fly for two hours just to have a 30-minute meeting with…

Continue reading

Business MagneTalk Thought Work

Beyond Magnet: My 2024-2030 Blueprint

I consciously decided to share my six-year business plan with the market, rooted in my extensive experience in the permanent magnet industry. From this strong foundation, my objective is to deliver exceptional project support and manufacturing services to businesses across the USA. Background The Saturated Market of Neodymium Magnets My journey began as a sales manager, marketing and selling neodymium magnets produced in China to various countries. However, the neodymium magnet sector has been saturated…

Continue reading

Work Thought

Fusing Magnetics and Plastics: Building a Moat for Innovation in the Manufacturing Industry

In many applications, neodymium magnets are commonly utilized alongside plastics, where they are integrated to form a single unit. Last year, I successfully redesigned a system that combined magnets and plastic, resulting in reduced costs and enhanced magnetic strength. There exists a fundamental difference between magnets and plastics in terms of commercial manufacturing. Neodymium magnets are machined parts, while plastics are typically produced through injection molding, requiring specialized molds. When a customer invests in a…

Continue reading

Work

Exploring Carbon Fiber Sleeve Technology for Permanent Magnet Rotor Assembly

This week, we received a prototype inquiry for a permanent magnet rotor assembly with a carbon fiber sleeve. I am always excited to work on new projects that require me to learn and explore new subjects. The customer’s request serves as the best motivation and a sufficient reason for me to delve into this particular technology. The following morning, I dedicated time to studying carbon fiber rotor sleeve technology, which can be divided into two…

Continue reading

Work Thought

Unveiling Success: How We Partnered with a Top Robotics Company as a Young Magnetics Company

This month, our company achieved a significant milestone by becoming a business partner of one of the world’s most advanced robotics companies. It took us a full two months to go from our initial contact to securing an order. As a relatively magnetics company, this achievement holds immense importance for us. I want to take this opportunity to reflect on the key factors that contributed to our success. How did we manage to establish a…

Continue reading

Thought Work

The ‘Who Not How’ Mindset for Exponential Growth

Recently, I’ve been reading the book “10x Times Is Easier Than 2x” and one concept that really struck me is “Who Not How.” It emphasizes the importance of leveraging other talented individuals when aiming to grow your business exponentially. Instead of trying to do everything yourself, surround yourself with experts who excel in specific areas. This shift in thinking is crucial for entrepreneurs looking to achieve long-term success. I vividly remember when I first started…

Continue reading

Life Thought Work

Driving Towards Success: Lessons from Jim Rohn and Holiday Reflections

Jim Rohn once said, “Success is what you attract, not what you pursue.” I absolutely love listening to his insightful seminars on YouTube while driving. Rohn’s words always get me pumped up and motivated to work on myself. Ever since I was a kid, I realized the importance of reading books, starting with self-help books. These books were easy to read and gave me a boost of energy and a sense of comfort. Even when…

Continue reading