Having a plan of action is key to learning how to start and run a successful small business. Whether you are looking for funding from a bank or angel investor, or are lucky enough to completely fund your venture on your own, an articulate and well-thought-out business plan will help you define what your business stands for and what it intends to become over time. As the age-old saying goes: “A goal without a plan is just a wish.” Don’t put your business idea in the hands of fate. Plan thoroughly, give yourself some benchmarks for success and be prepared to innovate as you go.

Tight control of inventory, while not a particularly glamorous part of owning a small business, is therefore one of the most important ways you can impact profitability. The good news now is that there is an array of technology available that can make this whole process much smoother, including sophisticated forecasting tools that will help you predict your required inventory levels for each day based on past sales, weather records, and many other factors.
Expanded polystyrene (EPS) is an open-celled foam board (think styrofoam) that is the cheapest of all the foam boards. It does work, but we generally don’t recommend using EPS in your van. It insulates less than XPS (R-4 per inch), and the gaps between the foam cells allow moisture to penetrate, which degrades the insulation over time. Polyiso and XPS are much better choices for a slightly higher cost.
At some point in the process of starting a small business, it’s pretty much guaranteed that you will hear the following statistics (or variations thereof): 25% of new small businesses close their doors within the first year and 60% are gone within three years. The exact numbers here may vary, but the message is all the same: be afraid, be very afraid!
Something I’d like to add to this comprehensive branding guide is that packaging can be a great branding tool, because it puts your business in front of new and repeat customer. This opens the door to lots of new sales. And friends, family and even strangers can be very influential! If your packaging is distinctive, people ask about it and you’re likely to get referrals if they love your product.
I want the shop to be big! Not only do I have a lot of tools, but I tend to frequently bring tools in for testing. As you probably know by now, I also do a lot of filming. So I need a space big enough to allow for full movement around most of the tools. My tripod has a pretty good-sized footprint and having more room allows me to get the best vantage point possible. More space will also allow me to stage larger pieces of furniture, whether for the show or for jobs I take on locally.
If I had it to do over again, I would stick to an entry level miter saw and table saw until I had both the funds and need to upgrade to more capable saws.  Because of this, I'd stick to the two saws we looked at in the $500 build: ​The Craftsman Table Saw for ~$150 and Hitachi 10 inch Miter Saw for ~110.  These two additions bring our running total to just over $500.  

Many retailers are also opting for digital signage. While digital signage and display solutions are more of an investment upfront, they allow you to quickly and easily show customers sales, new products, upcoming events, customer reviews, and more. Mira Digital Signage is a popular digital signage option for small businesses that is easy to use and offers affordable monthly payments. Click here for a free demo.


For example, on your dual battery, the farm just purchased a brand new 2013 Chevy 3500HD with a dump bed. It has dual batteries. How was it installed? They grounded both batteries to the frame and connected the positives with a very large fuse. ~15k later its still working. While its not recommended to do it this way, I think it would work fine in your case. Add the marine battery somewhere in your shell and run a heavy positive from the original battery. Put a large fuse in it(I’d research to see the number, I can’t remember off the top of my head) and your isolator switch inline (probably 2nd battery side of the fuse).
Thanks for leaving a comment, Rob! I didn’t find that it limited where I felt comfortable camping, but I always tried to be discreet… Waiting until few if any people were around before I hopped in and usually peeking through the windows so I’m not hopping out right next to someone loading their groceries or whatever. I slept in all sorts of random places in that time on the road, more often than not it was in permissible camping areas, but there were other times it was more frowned upon–from grocery store parking lots, to auto repair places, etc. Certainly is more likely to guess that someone is camping in it, but I only got hassled once (by a rent a cop telling me to move on).
Tired of holding a flashlight between your teeth while working in the dark? Make a light stand by bending a 2-ft. section of 12- or 14-gauge electrical cable into a U shape. Duct-tape the light to the ends of the cable. The wire can be shaped into a hands-free supporting base for the flashlight or bent into a hook for hanging. — Paul and Haylee Lytle. Check out another hands-free light hack.

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.
Marc, I enjoyed the video. Thank you for sharing your dream shop with us. I would be interested in seeing a demo video on your Clear Vue cyclone dust collection system. Which one did you obtain & what type of duct work did you use (seamless?) Do you plan on enclosing the unit in a closet to reduce noise and keep dust confined? Do you have to purchase special expensive plastic dust bags for the drum? Is it hard to pull the bag out of the drum for trash collection? If you could address these questions in a demo video I would appreciate it. Oh, perhaps you already have one …. I will check out your video archives. Thanks again and keep up the great work!
For the next step up in convenience, consider adding a dedicated beverage cooler to your workshop as well. Though many people set up an old refrigerator in the garage for extra soda and beer, a dedicated mini-fridge will help you save on electricity, since new models are far more efficient than old ones. You can pack your beverage cooler with your favorite soft drinks for a pick-me-up while you work or use it to store a lunch to enjoy on a break —all without tracking dirt and or grease into your clean kitchen.
Nicole and I decided not to go public with the cost of the build. Although we are very open about most things, we are a little uncomfortable about making an expenditure of this magnitude public knowledge. Furthermore, unless you live in the Phoenix area and plan on building the same size shop with the same patio and with all of the same finishing touches and labor requirements, the price isn’t all that helpful to you.

I didn’t want to get a truck with a million miles on it. I am not a trucker by trade; I got my CDL specifically for this project. I didn’t want to get into a truck and then have to worry about its structure, engine, and transmission—and then start building Optimus on top of it. That’s why I got a brand-new truck custom-built from Western Star to become Optimus Prime.
Ultimate Small Shop goes beyond the ambit of Amazon, Home Depot and Lowe’s to help woodworkers start their workshop for less than $1,000. Woodworkers will find answers to questions related to the budget, planning, required tools, critical setup factors and more. The guide has been put together by Ralph Chapman, a coach with more than twenty five years of experience in woodworking. Chapman is the small shop expert and what he recommends is not speculation or best case scenarios. He has done it himself. He is now sharing his experience along with expert recommendations so you can begin your woodworking journey right at your home.
A commercial real estate lease is a rental agreement that allows a business to rent commercial space from a landlord. Commercial leases come in three main forms: full service leases, net leases, and modified gross leases. The process of identifying, negotiating, and signing a commercial lease is a long process and it’s important to understand the required steps which are discussed in detail in this article.
Use this model whether you’re looking to turn your team of one into a two-person shop or you’re hoping to build out your marketing department to a team of 10 or more.  By focusing on the skill sets your business needs to be successful — rather than on the resume of an individual candidate — you’ll ensure vital functions are covered while expanding in a sustainable way.
The time of the travel agent might be passing, but people are still looking for those with a knack for more nontraditional travel coordination. If you always plan the perfect vacations complete with beautiful hotels, the ideal location, and a bevy of delicious restaurants lined up for every evening, consider advertising your services as a more modern approach to travel planning.
After years of digging through piles of stuff on my workbench for the air compressor accessory I needed, I had this idea. I simply drilled 7/16- in. holes on the underside of my workbench top and threaded in a few 1/4-in. NPT male couplings with quick-connect couplers. A wrench and some upward pressure are all it took to screw the couplings into the wood. Now I just snap my accessories onto the couplers when I’m not using them. — Donnie Dressler. These are the best tools for automotive work.
Well I think I’ll have plenty of light once we get all of 24 bulbs in place. I’m really glad I saved those old fixtures. Hey another thing we’re reusing, and I’m really glad I saved, is these old cabinets that we took out of a kitchen renovation a couple of years ago. This will be perfect to serve as our base cabinets so that we can build our sturdy countertop on this side of the shop.
“If it’s a retail space then location is critical. Proximity to other retailers, access to transportation, and visibility/signage opportunity can be critical. In this case, there may only be 4 or 5 spaces available that meet the business’s criteria and objectives. A good broker will sometimes develop creative alternatives that might be outside the locational parameters but offer other advantages – such as co-tenancy or lease term flexibility.
Skoolies do have significant drawbacks, however. Their size makes them a bit unwieldy to drive, and getting to some of the more out-of-the-way camping spots just won’t be an option. If something goes wrong mechanically, it can be much more expensive to fix than a normal vehicle. Also, the sheer size of these vehicles means the gas mileage is much worse than other options.
The Best Prices for Tools – Ralph shows you where to get the beast deals for the tools and equipment you need. You could buy them yourself from popular outlets like Home Depot, Lowe’s, and Amazon, but the Ultimate Small Shop guide shows you where to get these tools and equipment at cheaper prices. Of course, cheaper isn’t always better. These aren’t just cheap tools that are ineffective. Just good value for money on good tools.
As your business grows, your ability to deal directly with every customer diminishes, and your reliance on your staff increases. Indeed, for many businesses, such as full-service restaurants, hiring staff is an absolutely essential part of their operations. It is therefore important that you choose the right kind of employees and then take the time to fully introduce them to your mission statement. A really great employee should learn about your values and seek to embody them when interacting with your customers.
First, decide on wax you would like to start with, there are three different kinds to choose from Ultimate Small Shop paraffin wax, soy wax, and beeswax. Paraffin wax is most commonly used in candles, this wax is found at most candle making stores. Soy wax is all natural, made from soybeans, and cleans up easily with soap and water. Beeswax is all natural too, and making beeswax candles is often easiest because you simply wrap a sheet of beeswax tightly around a wick then seal it with your thumb, which means no melting is required. To begin, spread newspapers around the candle making area. First, you melt your paraffin or soy wax and it must be double-boiled. Usually, you place a large pot that is about half-filled with water on a burner over low-medium heat, place a melter in the water, then gradually place wax pieces into the melter. When the wax has melted, you can add coloring or fragrance as desired. To make molded candles, cut the wick two inches taller than you want the candle to be, then thread it through the hole at the bottom of the mold, then plug the outside of the hole with putty. Place a pencil or similar item over the top of the mold and tie the top of the wick to it, centering the wick. If the mold is cardboard, plastic, or glass, heat the wax to 130 degrees Fahrenheit. If the mold is metal, then heat the wax to 190 degrees. You can use a candle or candy thermometer to measure this. Ultimate Small Shop Pdf When the right temperature is reached, lift the melter by the handle and slowly pour the wax into the mold. Let cool for twelve hours then refrigerate for twelve more hours, then your candle is ready to be removed. To make votives and other small container candles, you can use pre-tabbed wicks by simply placing them in the center of the votive candle molds or containers, then pour the wax mixture over and let stand for twelve hours, refrigerating the votives. By the time your teen is in high school, you probably aren’t taking as many pictures of them as you used to. I have to keep reminding myself that I only have a couple of years left and no time to waste trying to capture fleeing teenage memories. You might be thinking that I’m really organized to be already working on scrapbooking my daughter’s high school memories. To be honest, I have a shoebox full of pictures of my daughter waiting for me to get to someday. But if I wait until “someday” to continue taking pictures because I already have so many pictures I haven’t done anything with, then my daughter’s teenage years will come and go while I try to catch up. I don’t want to chronicle every detail of my daughter’s life (nor would she want me to!), but I was trying to think of some memories that she might want to laugh about and maybe even treasure someday. Ultimate Small Shop Guide Woodworking So how do you do that without ending up with pages and pages of memories? I decided to do two large (12×12) pages (facing each other in the album) for each year of high school.
As part of my antique restoration work I do a lot of faux finishing – hence the supply of stains and paints. Since I didn’t want to dust the house, the new shop is not connected to the house heat and air system. But, having just finished our first winter I now know the shop didn’t get below 45 degrees – and, the oven in the corner can make the shop toasty in no time at all.
I didn’t want to get a truck with a million miles on it. I am not a trucker by trade; I got my CDL specifically for this project. I didn’t want to get into a truck and then have to worry about its structure, engine, and transmission—and then start building Optimus on top of it. That’s why I got a brand-new truck custom-built from Western Star to become Optimus Prime.
Large or small, most retail stores use one of three basic types of retail store layouts. Which type you use depends on the kind of store you have and the products you sell. For example, grocery stores usually use grid layouts because they are predictable and efficient to navigate. Boutiques typically use more creative layouts that allow businesses to highlight different products.

The space behind a door is a storage spot that’s often overlooked. Build a set of shallow shelves and mount it to the wall behind your laundry room door. The materials are inexpensive. Measure the distance between the door hinge and the wall and subtract an inch. This is the maximum depth of the shelves. We used 1x4s for the sides, top and shelves. Screw the sides to the top. Then screw three 1×2 hanging strips to the sides: one top and bottom and one centered. Nail metal shelf standards to the sides. Complete the shelves by nailing a 1×2 trim piece to the sides and top. The 1×2 dresses up the shelf unit and keeps the shelves from falling off the shelf clips.
Congrats on a very nice shop. Great video to capture the moments. I too have moved around from place to place (in the Army) and I have to make my shop work with what they give me for a house. I’ve done work out of a tool shed and I make it work becuase I just love working with wood. Once I retire and settle in one spot I hope to get something similar to yours. I’ve picked up a lot of ideas watching this build.
Starting your own small business can be an incredibly rewarding experience both personally and financially. However, like anything worthwhile, it takes a great deal of time and effort to be successful at it. Your results will depend on how much you are willing to apply yourself. The lessons in How to Start a Small Business 101 are designed to give you a leg up on the competition so you can hit the ground running. Now all you’ve got to do is bookmark this page, free up some time, grab a cup of coffee, and start making your way through each section.
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