A small factory.
I Don’t own the one I am currently managing which is good as I don’t have any of my personal assets tied to the business but I previously wholly owned one facility and owned another facility with partners that we sold to an international company about 10 years ago.
I sold the facility I owned about 8 years ago.
What many people don’t understand is that the “good” jobs aren’t coming back. We don’t need your services anymore. Manual labour will soon be a thing of the past. Even a lot of white collar office jobs will be replaced by ai.
I recently replaced one of my machines with one that has artificial intelligence to adjust it to different product flows. It cost me one years salary for one employee to purchase and has already paid for itself in time savings and better quality output.
Our line now goes 40% faster per hour and we don’t have to stop between production runs for 1/2 to 1 hour to manually adjust the equipment. I’ve been able to cut out the after hours overtime which is the time of day where most of the employee shenanigans take place.
This ai machine is magic. I don’t know how it works but it teaches itself to keep doing a better and better job.