Those Edwards Ironworkers are fine tools, I have two 55 tons with tooling, about 20 hours on one and just ten on the other, one has an angle notcher the other square, and punch and die sets. One hour running an Ironworker, is enough time to produce enough parts to bury it. In fact I bought my Cummins new, mainly to bring one home from Buffalo to California, I had other stuff also, so made a few trips. When you have your own business you can buy anything. I used to receive the Lincoln's quarterly news letter and tip flyer. One should listen to their advice re. starting your own business, STAY AWAY FROM REPAIR JOBS, let someone else, have someone else's headaches, troubles and tribulations. As Henry Kaiser said, "Find a Need and Fill it," True American. Find or design a product, make a few for acceptance, decide tools required, ones especially to cut down time and labor, you can't make money fixing broken tools, your time equals MONEY. Just buy the drill bits you need, if you need any, and the Best you can find, no one is going to pay you for sharpening drill bits, unless you intend to be in that trade, leave the drill bit sets for Hobbyists and people with Time on their Hands, (you won't have any to waste). I've bought another Mig welder rather than change wire and rolls. When a Mig hose becomes clogged, buy a whole new hose and gun, (don't be cheap) you've had a lot of use out of it, A 4 1/2 inch angle grinder big enough, if you need a larger one I suggest modifying your procedure. Cheap Harbor Freight angle grinders are good enough, buy 3 or 4, time not worth taking any make back for exchange or repair. I've had Industrial B&D, Milwaukee etc, tip, Har. Frt. All for now, any tips or help ideas I'll be glad to help.