It can become very difficult and time-consuming to constantly track the amount and purchase price of all your inventory, but it is hugely important to your bottom line. Every time you catch yourself saying, “Sorry, we don’t have that in right now,” you are leading your business in a very unhealthy direction. Not only does being out of something represent a lost sale opportunity, but in a world where consumers place a huge premium on their time, it could mean that you lose that customer forever while hurting your brand reputation in the process.
Setting up and running a small business is awesome, especially if it’s your first business. Is it tough at times? Yes. But if you don’t build your dreams, who will? In 2010, according to the U.S. Census Bureau, there were 27.9 million small businesses nationwide. This number has trended upwards over the last decade, accounting for 64% of net new jobs created between 1993 and 2011. In a world that appears to be dominated by today’s retail giants, it’s easy to overlook the huge impact that starting a small businesses can have on our U.S. economy. However, these numbers illustrate something that we strongly believe at ShopKeep – that the brave folks who open new businesses are the backbone of the nation’s economy and the lifeblood of our local communities.
I’m picking up a 4×4 Extra cab pick up tomorrow and selling my current 97 Tacoma. It’s older and it’s got a lot of miles but it still has a lot left to go. Mine is available in the 3 grand range. They’re hard to find and all the rust free trucks are out here in the west but mine is one example of many good Tacos that are available at an affordable price that will fit the bill perfectly.
By setting up a separate legal entity, you limit the financial fallout from a failed business, you shield yourself from legal risks (such as someone injuring themselves in your store), and you potentially put yourself in a more advantageous tax situation. Equally, if you are working with partners, ensuring you are set up with the appropriate partnership will give all parties reassurance about their legal standing, obligations to, and expectations from the business in question.
Cut the 6-1/2-in. x 3-in. lid from the leftover board, and slice the remaining piece into 1/4-in.-thick pieces for the sides and end of the box. Glue them around the plywood floor. Cut a rabbet on three sides of the lid so it fits snugly on the box and drill a 5/8-in. hole for a finger pull. Then just add a finish and you’ve got a beautiful, useful gift. If you don’t have time to make a gift this year, consider offering to do something for the person. You could offer to sharpen their knives! Here’s how.
You can see in this step how I notched each rafter to fit more securely to the walls. I also used a metal hurricane strap to secure each rafter to the wall. Even though this was not required by code, I felt my tools were far to valuable to be left to chance over such an inexpensive solution. The walls are a simple board and batten system. The 1x3 trim covers the joints of the 4x8 OSB. They make much more high quality sheets goods to use as siding. However, the cheapest I found was $35 a sheet and the OSB was about $5 a sheet. I sealed the OSB and painted it with exterior paint. If I run into problems in the future, I can just add a second layer of more durable material or simply have siding installed. It has held up very well over the past couple years and I see no need to spend more money on it now.
Impulse items like small toys, candy bars, lip gloss, and breath mints are great products to feature near your register. When customers approach the register to pay and leave, you don’t want them to stop shopping. Placing low-cost impulse buy items near registers, as shown in the image below, encourages shoppers to add an item or two as they check out.
If you have a broker that’s too successful you may be a low priority. If you choose a broker that’s inexperienced but attentive, you may end up paying for their novice mistakes. My advice is to not choose a broker but instead choose a team. Pick a junior/senior combo so that when you’re hunting for space you work more with the junior, and when it comes to negotiating the deal you have the experienced veteran leading the negotiation.”
The thickness planer can joint a board's face. On this simple jig, the stock is supported by twin rows of wood screws driven into a platform and adjusted to meet the varying clearances on the underside of the board. The stock rides the sled cup side up. Slide the board slightly sideways to adjust the screws, then seat it firmly on the screw heads for planing.
Non-Standard Miter Slots - This one is a downer. One of the primary advantages of having a table saw is access to jigs that expand the saws functionality. This is a major issue if you plan on buying after market jigs. Given that we are limiting the cost of this buildout to $500, I am guessing that after market jigs are probably low on the priority list. Your going to want jigs once you start researching what they enable you to do, my advice is to build your own - there are plenty of plans online.
Ventilation is extremely important in the rain. These window deflectors allow us to leave our front windows cracked while it’s raining, so we can pull in fresh air and create airflow with our vent fan. As a bonus, it also reduces annoying wind noise while driving on the highway. The Auto Ventshade is fairly inexpensive, easy to install, and makes a great addition to any van (make sure you get the correct one for your specific vehicle).
Of course, if you’re going to build a sweet shop, you’re going to have to outfit it with an equally sweet bench. This afternoon I stumbled upon a UK bench-maker by the name of Richard Maguire. Built of kild-dried ash, Maguire’s benches are then finished with an oil and wax combination and feature twin screw vises which, while really interesting, might not be a perfect fit for everyone. While you can use these vises to apply more accurately distribute clamping pressure on different-sized stock, I could certainly see it becoming a wee bit of a pain when clamping stock that comes in contact with the entire length of the vise’s face. Having to equally screw in each side might frustrate some woodworkers. Still, these benches are a blast to look at.
There are benefits to either approach. Sharing a common wall with your house can require some careful soundproofing but can reduce heat loss and exterior finishing costs like siding. A shop located in an addition is more likely to be allowed to have living space or storage space above it, and it may be easier to make use of the existing plumbing and electrical and heating systems of your home to service your shop space. Another advantage of an addition is not having to run to an outbuilding in minus-30-degree weather or a summer downpour.
While we were painting all of the walls in our workshop our plumber dropped by to hook up an old laundry tub sink that we’ve had for several years. Now, he hooked up to the cold water line on an outside water faucet, so we’ll only have cold water but still this will be really convenient to have this right here in this shop. Well we’re about to set our last base cabinet, and once they secure that well to the wall we can start on all of our countertops.
These basics are going to set you back about $180, leaving you with $320 left to work with. We are going to be leaving behind two hand powered tools from the $250 shop and upgrading to powered alternatives. This should lead to more consistent results, more enjoyable builds, and increased efficiency. These are all goods things that only the biggest fans of The Woodwright's Shop would argue with.
Finally, at the beginning you'll do just fine with a basic set of router bits that run ~$40. A starter set will typically include straight bits for edge matching material, a selection of edge finishing bits, and some joinery bits. As you work on a few projects you may find that more specialized bits are needed. But specialized bits are expensive - so purchasing them as you have a specific need makes more sense than buying in anticipation of a need.
As the old saying goes, the only two inevitable things in life are death and taxes. Almost all small businesses in the United States are subject to some form of corporate income or gross receipts tax on a state level — that is, unless you happen to be a lucky inhabitant of the great states of Wyoming, Nevada or South Dakota. Actually, even these states will require you to pay state workers' compensation insurance and unemployment insurance taxes. Oh, and of course every small business in the country is subject to some form of federal taxation.
Working on one side at a time, glue and nail the side to the back. Apply glue and drive three 1-5/8-in. nails into each shelf, attach the other side and nail those shelves into place to secure them. Clamps are helpful to hold the unit together while you’re driving nails. Center the top piece, leaving a 2-in. overhang on both sides, and glue and nail it into place. Paint or stain the unit and then drill pilot holes into the top face of each side of the unit and screw in the hooks to hold your ironing board. Mount the shelf on drywall using screw-in wall anchors.
In order to excel you are going to need to read up on jig building so that you can produce consistent repeatable cuts. Ideas for jigs are a dime a dozen online and you could easily lose a couple of hours browsing the hundreds of ideas people think up. A more economical approach would be to build your jigs as your projects demand them. After you go through that exercise 4-5 times, you'll find you've accumulated quite the collection of jigs without even trying.
Simply get a one-inch drywall screw and drive it into the hole right beside the hook. You want to use a one inch screw because you don’t want to hit the wall behind it and you just drive the screw in until the head of it is tight against the hook, it’ll just act as a shim, and you’ll see once I get this all the way in, it lock the hook in place, and now when you take the tool on and off it won’t come off. The hook won’t pop out.
We do not recommend using Reflectix to insulate your walls or ceiling. Without an air gap, the R-value of Reflectix is about R-1. Even if you have the recommended ¾” air gap next to the Reflectix, the R-value per inch is less than R-3. There are much more efficient and cost-effective insulation materials out there for these purposes - you’ll be better off filling the space with rigid foam board.
Again, it is the inspiration I have (hopefully) given my son. To never be afraid to try, even at the risk of failure. If you don’t have all the answers, go with the knowledge you do have and trust everything else will fall into place. I am no millionaire; I have entered into a lifetime of debt because of what I’ve done with this build. And I’m going to try and keep it on the road as long as I can. I am not getting any help from Hasbro and Paramount Pictures, so I am looking for help with sponsorships.
My contention has always been that you can build a serviceable shop in your home, develop your hand skills, and make fine furniture. In the past year, I had an opportunity to build a shop from the ground up after moving to a new home. I found a house with an unfinished basement, and set to work. In this article, I will discuss everything from layout, to electrical, to equipment selection. I intend to name names with respect to equipment, so that readers will know what I chose. Everyone’s budget will be different, but I think almost everyone will be able to treat this as a starting point, and adjust accordingly, depending on their own budget.
Hey, you ever wonder what it look like behind the scenes at a home improvement show? Well here’s a little glimpse of it. This is a storage building I’ve had for awhile and we use this for storage and materials and props we use on the show and it’s also used by my construction company. Well this part of the building has kind of turned into a little bit of a dumping zone, where people just dump things that they’re not sure exactly where they go in the rest of the building.
This legal name is your first step in separating you and your business as two distinct entities. You will use your DBA name on all legal paperwork and government forms, such as applications for employer tax IDs, licenses, and permits. It is significantly harder to go back and have this applied retroactively, so it’s worth getting it right from the start.
I have different toolboxes for different jobs around the house. Occasionally I’d grab a tool out of one box and then put it away in another. Eventually all my flat-head screwdrivers would end up in one toolbox. To solve the problem, I now mark the handles of the tools and the corresponding toolbox with a band of colored electrical tape. Now all the tools are in the box where they belong. — Kim Litkenhaus Marino
If you have some experience under your belt, put it to good use as a life or career coach. Many of us are looking for guidance in our careers -- and finding someone with the time to mentor us can be tough. Life/career coaches don’t come cheap, but they are able to offer clients the intense and hands-on training and advice they need to make serious moves in their personal and professional lives. After all, sometimes everyone just needs some uplifting advice.
State Parks/Developed Campgrounds. Every once in awhile, it’s kind of nice to stay at a state park or other developed campground - and a big reason why is that they have showers (and sometimes laundry, too). This is what we’ve done most often when we need a shower on the road. Many state parks also have small day use fees if you don’t want to actually camp there.
One of the most heavily used tools in your shop will be your table saw. It is absolutely essential for ripping stock to size, working with composite material (like plywood and MDF), and venturing into the world of wood working jigs. Budget is a limiting factor in a $500 build, but at $150 it is hard to pass up adding this Craftsman saw to your shop - even with limited funds.
Once you’ve considered your commercial property options and their associated leases, it’s time to choose one or more commercial spaces and negotiate the leases. When formally entering into a commercial lease negotiation process, you’ll want to start by requesting the terms in writing. This request can come from you or your broker and is supplied by the landlord’s broker.
Though store planning software isn’t a necessary tool for the average small retailer, it can certainly come in handy if you are looking to develop specific planograms, such as for the holiday season or a special event. Store design software is more common for multi-location retailers that want to deploy the same planogram in multiple places. Either way, if you are looking to build planograms, DotActiv offers a handy free tool.
Make sure the room or building you are planning to utilize has sufficient lighting and electrical outlets to allow you to see what you are doing, and to work without excessive extension cords. You should also remember that many tools require a fairly substantial amperage to operate, so you need to make sure the wiring is capable of handling the loads. 20 Amp circuits will work for ordinary 120V tools, but air compressors and welders may require 40 Amp, 220V circuits.
Other than that, you can’t have too much light — especially north light! — and you want accommodations for all the electricity you can imagine. Ceiling fans are a must. A good dust collection system is good, too. Don’t forget to plumb in for compressed air. Do NOT use hard PVC water pipe for compressed air — ever. If/when it breaks or ruptures, it explodes into tiny sharp glass-like shards. I know firsthand. I’ll tell you about it some other time. Think balloon popping!