Due diligence is the process of going through the current owner’s books with a fine-tooth comb to verify inventory information, sales data, average ticket price, and every other aspect of the business. Doing all this yourself is difficult and time-consuming, so you’ll probably want to involve accountants and lawyers to ensure that you cross all the t’s and dot all the i’s. A big red flag to watch out for here is how intertwined the current owner’s personal expenses are with the business accounts — this can obscure the genuine flow of cash in and cash out of the business. The purchase price of an existing business is often calculated as three to five times the net annual revenue, so you’ll want to take that figure into account before you make an offer.
Ok, the leap from $1,000 to $2,500 is a big one. I certainly didn't make it at one time. It took me years. But I know folks that decided they wanted to get into woodworking and dropped at least $2,500 getting themselves outfitted. When you do make the jump, the thought process becomes much less about making sure you can get the job done and becomes more about having quality tools to get the job done.
There are many inexpensive alternatives lying around the house or at your local store you can use to create a Halloween theme that will impress all your friends.”One of the most popular party favors is a framed picture of the party guest taken at your kid’s party. He or she could be showing off a silly hat or party costume, performing an outrageous party game stunt, or wearing a face full of frosting and ice cream. Having party guests create their own make-and-take frame to display this memorable photo makes it an even greater treasure for the memory box. Start with a plain square of cardboard with an opening the size of your picture. When the decorating is done, Ultimate Small Shop Reviews simply glue the picture to the back of the frame. Why not turn that Cooking Interest, Comic Book Collecting, or Your Retro Clothing Collection Into A Home Based Business Venture! Most people enjoy hobbies they have pursued with great enthusiasm for years. Even though they may find their leisure activities fulfilling and enjoyable they never imagined making money with a fun hobby! Are you one of these gifted individuals? These talented individuals might have a passion for sewing fabulous original wardrobes, marvelous hand knitted items, furniture making, creative paintings, photographs, jewelry art, greeting card design, doll making, original toys, baby clothing, candle making, quilting, calligraphy, fancy soap making, about anything you can imagine! Crafting is actually a great way to start a home business on a shoestring. You might want to start on a small scale by offering your creative work to friends and family. Later on, once you have enough products, you might decide to rent a booth at local flea markets or crafts shows to display your work. As you may know, the Arts And Crafts Industry Is Enjoying An Amazingly Phenomenal Popularity. People are eager to purchase hand made clothing, furniture, custom made keepsakes or jewelry. If you have the creative talent this is one business you should consider! A friend, Joyce, diverted her obsession with candle making into a thriving business. She started by selling her hand made scented candles to friends and neighbors. Word of mouth spread about her candles. Soon she was receiving enough orders to keep her very busy. Joyce throws house parties to sell her candles and also takes custom orders from ads she runs in local newspapers. Next, she plans to take her candles to the stores and malls in her area.”Today is life – the only life you are sure of. Make the most of today. Get interested in something. Shake yourself awake. Develop a hobby. Let the winds of enthusiasm sweep through you. Live today with gusto.”Our hobbies help us to relax and forget our everyday problems and troubles. We are all experts in one or more fields of our lives. Ultimate Small Shop program But I am sure that not everyone has a hobby that makes money for him/her (except, of course, if you love your job).Just imagine, wouldn’t it be great if you could have money making hobby? You could get involved even more with what you already love to do, you could treat your family and friends with the extra cash, or… even quit your current job that you probably hate.
“Beware suppliers bearing gifts. That ‘free’ refrigerator from the drinks supplier is never really free. You can quickly find yourself tied into sub-optimal deals because of a reliance on this hardware. If you have access to the capital, do yourself a favor: Buy your own fridge and negotiate from a position of strength.” — ShopKeep Founder and Experienced Small Business Owner
Now that you have written everything out, now take out a calendar that has 12-month blocks and map out each business goal in the corresponding month that it has to be completed by (or accomplished). So you have 12 squares (12 months) and you are literally placing these ideas into the month you want to accomplish them by. By the time you are done with this, you will have a sheet of paper with all your ideas written into the months on the calendar.
Trademarking is a lot less expensive than most people think (although enforcement is another thing entirely), but make sure to do your research! If someone else is already using your proposed name, your application will be rejected right away and you will not only lose your application fee, but the time invested would have been in vain. And as you know, time equals money.
This is about how I built my wood shop. We decided to move from our previous home for a variety of reasons. I saw the move as an opportunity to gain a bigger shop for my wood working hobby. The house we found had everything we wanted, except for a shop or even a garage. It did have a non functioning indoor pool. We thought this space would make a nice wood shop. I could just build a floor over the pool and have a shop. As we got further into the inspection process, it was looking as though fixing the structure over the pool was going to be expensive. It looked like we would have to put a bunch of money into a structure that was not really a wood shop and not a functioning pool either. It made more sense to take out the pool and structure, and then build a wood shop from the ground up. We started this project by regrading our side yard to gain access to the pool in the backyard. Once we had access, we took out the pool. We half filled the hole where the pool was with compacted gravel. I realized that if we sank the shop into the ground I could have the ceiling height I had always wanted in the shop and preserve the view from the house. The design of the shop is a box with a shed roof. The roof wraps down the east side of the structure. I like to think of it as a slightly open toolbox. The entire shop is laid out on a 24 inch grid. The windows and doors fall within this grid. I had a general contractor built the shell and then I built the windows and interior. The interior walls are comprised of a 34 inch concrete stem wall at the base. Above that is a 9 foot, plywood wall. In the space above the plywood wall and below the shed roof is poly carbonate panel to form a clerestory. The tool layout in the shop is divided into 4 areas: an area near the door for material storage and prep, a central area for general wood working, and two areas near the back of the shop, one for turning and one for metal working.
In the case of this guide we’re going to use an area that’s a little larger and show you the tools you’ll need to set up a small workshop in just a 10×8′ shed. The list of tools is generally considered enough to cover the most common tasks. Everyone will have their own opinion on this and naturally it depends on the work you’re carrying out. But the tools on the list should be enough to strike a productive balance between having enough to get the job done and not being caught short so you’re having to borrow a friend’s. Invariably people grow their collection of tools as the jobs dictate. You don’t necessarily have to buy everything at once, just build up your list as you need to.
This is a great project if you carefully consider your needs first. I left out the vise and tracks, but had no problem hand picking good 2x4 stock at the big box stores. I did use maple on the top sides in case I ever decided to add tracks, but it was not a budget buster by any means. The cabinet and drawers were a first for me and a great learning experience. I also added retractable casters so I can easily move the workbench around my shop. Love the workbench!
One of the challenges we all face is how to move machines into a home without damaging the home, the machinery, or yourself. I actually had to bring things through the front door, and across hardwood floors, and turn 90° to descend the stairs into the shop. To protect the floors, I laid down sheets of 1/2" MDF that I could use later. On the wooden stairs, I used three strips of softwood strapping, held with wood screws to the stairs. I mounted a 2x4 baton to the wall studs at the top of the stairs, with a 5/16-inch eye-bolt through it.
One of the things that draws me to the online woodworking community is amount of passion people show are willing to share. Your shop build is a fine example of your willingness to let us in on your passion. You could have said “I’ll be back in a few months when its done” and most of us would have waited but instead you turned it in to a summer of updates and dream shop discussion. Thanks!
Volkswagen campers are by far the most iconic vehicles in the vanlife community. They’re classics, and they always will be. This category includes the old Kombi bus (VW Bus), the 1980-91 Vanagon, and the newer Eurovans. Also known as Westfalias or Westies, many VW vans were converted into campers by the Westfalia Company in Germany (except for Eurovans, which were converted by Winnebago in the US).
Cut 15 top boards 5 ft. long and rip them to 3 in. wide with a table saw so the top will glue up flat without the typical rounded edges of 2x4s. For the leg slot, cut two of the top boards into three pieces: a 39-in. middle piece and two 7-in. end pieces. Glue and screw the top together, one board at a time, with 3-in. deck screws, keeping the ripped edge facing up and level with the adjoining boards. Use a corded drill so there’s plenty of oomph to drive each screw below the surface. Note that the third glue-up from each end is where each leg notch is inserted. You can also create a nifty tool tray in the top by notching the three top pieces with a jigsaw. Clamp every 8 in. or so before driving in the 3-in.deck screws. Predrill the screw holes near the ends to prevent splitting. When you’re screwing on the 7-in. long 2x4s to create the leg slots, use a scrap piece of 2×4 as a spacer.
For many new small business owners, the additional expense and bureaucratic hoopla involved in obtaining the correct paperwork often leaves them dragging their heels. This attitude, however, can result in stiff financial penalties, or worse, having your permission to do business revoked. Before we jump into the why and how of obtaining your business permit or license, it’s important for you to understand the difference.
There seems to be two things I like looking at and they are work benches & work shops. I too use my work shop for several other activities. I currently have a basement shop with a walk out entry, which is roughly 340 square feet and shaped like a flat s and has less than 8' ceiling height. In that shop I have an old Unisaw w/50"fence, 8" jointer, 15" planer, 10" sliding compound saw, 14" bandsaw and various & assorted power & hand tools. Also in the same space I have a small closet, dog grooming tub, & a space where a bathroom was roughed out. It is far from finished space and I have plans to put up a ship lapped paneled walls and fix up the closet for tool storage. I also plan on putting a cyclone in the bathroom space along with a tolet. I can work in the space as it is pretty well but the studded walls, insulation, & dust make the space somewhat uninviting.
Instead of permanently mounting my 6-in. vise to a work-bench, I attached it to scrap plywood so I can clamp it wherever I need it. Stack two pieces of 3/4-in. plywood and screw them together with 1-1/4 in. drywall screws. Mark the vise-mounting holes on the plywood and drill 3/4-in. guide holes through both pieces. Recess the nut by drilling through the bottom sheet with a 1-in. spade bit using the 3/4-in. hole as a guide. Fasten the vise to the plywood with bolts sized to match the vise-mounting holes. If the bolt shafts are too long, cut them off with a hacksaw. — LuAnn Aiu. Plus: Learn how to use vise grips to pull nails.
Most workshop tasks require good ventilation, and that’s something garages are generally poor at. Plus, passive ventilation (like opening a window) usually isn’t enough. A ceiling exhaust fan is a good start but if you are serious about keeping things clean then your ultimate workshop should also include a dust collection system, central vacuum and air ventilation system. All three of these systems will keep the dust, dirt, and other heavy particles off your clothes and out of your lungs which makes for a safer work environment.