NEWMARKET, N.H. (March 14, 2:20 p.m. ET) — In early 2012, Daniel Swistak turned a common misfortune into opportunity in three days flat.
For over 10 years, Swistak served as director of manufacturing technology at Infiltrator Systems Inc., a plastics wastewater management system manufacturer in Old Saybrook, Conn.
On January 6, he was laid off.
By January 9, Swistak started a project management, mold sales and consultancy business called TooLogix in Newmarket, N.H.
“The thought [to start my own business] had crossed my mind late last year as the housing market continued to be depressed,” Swistak said. “The business came to being because Infiltrator still needed my services, just not full-time. The opportunity was presented and I ran with it.
“Besides, I hadn't had to interview for a job in over 25 years and was not keen on having to do so now.”
With over 35 years of experience in positions such as mold designer, program manager and sales manager for various plastics companies, Swistak decided it was time to combine his process knowledge, extensive tooling background and industry resources to do his own thing.
Swistak said he has found the market to be responsive to his efforts, particularly if businesses are suddenly getting busy but are not ready to hire a full-time employee.
“As with any business, the biggest challenge is cash flow,” Swistak said. “It is tough to get up front money for this type of work.”
TooLogix offers product development, tool and mold consulting and sales services. The company also aids in part design, prototyping, tooling, moldmaking and repair, working directly with suppliers and managing projects.
Swistak said he is surprised by the fact that vendors see the need for his type of assistance more than some of the manufacturers do.
Swistak is a specialist in aluminum tooling and is co-inventor of 11 patents.