In short – yes. The small business community is a diverse and eclectic collection of mom-and-pops, multi-generational businesses, one-stop shops, trendy boutiques, food trucks, lemonade stands, wine stores, bicycle stores masquerading as bars, and more. These entrepreneurs come from every walk of life and their motivations for starting small businesses are as unique as the businesses themselves. If you’re reading this, chances are you’re looking to join their ranks, and we say: “Go for it!”
The good news is this: You are not a statistic. Think about this — if it was reported that small business owners over the age of 50 were more likely to succeed, would you wait until you were 50 to start a small business? Not likely. You would start when you felt ready. And that’s the point — only YOU can know when it’s time to take the plunge. Likewise, only you can make the intelligent decisions that ultimately mean the difference between success and failure when it comes to launching your business.
This is the one tool in the shop that provides the greatest opportunity to save money, if you are willing to purchase a well made, light duty machine, and take lighter cuts. In the past I have used General 14" planers that can hog off serious cuts all day long. The problem is that these professional units cost over $5000, and they would crush my buddy as we haul them down the stairs (note: don’t be the guy on the bottom). After doing a fair amount of research, I purchased the Dewalt DW735 13" thickness planer. The unit came with a good manual, and was in a good state of tune. It is light enough for me to carry around the shop without excessive grunting, so that made it very simple to install. The planer has a significant internal fan-assisted chip ejection system. The chips are catapulted out of this planer, so have your dust collector running before you run stock through it. I now have to make more cuts at a lighter cut depth, but I saved about $4500, which makes my budget happy. The planer makes clean cuts, and has two speeds. I don’t see a reason for the two speeds for my type of work, but there is a faster feed rate should you choose to use it. Knife changing is simple and quick.
Becoming a small business owner is one of the most rewarding and inspiring journeys a human being can take. It provides you with a chance to be your own boss, take control of your financial destiny, and become a meaningful contributor to your local economy and community. There will always be a reason not to take the plunge. But if there is one rule of small business — and life — is that nothing will happen if you don’t make it happen.
The first thing to understand about a business plan and financial projections is that the process of compiling them is often more important than the final product. Sure, the actual sheets of paper, filled with spreadsheets and graphs with pretty arrows pointing up and to the right are great — and can be very important in helping you to secure funding — however, when it comes down to the brass tacks of starting a successful business, it’s the process, not the paper, that counts.
Another option to consider is an expensive but efficient Festool dust extractor. These dust extractors are designed to work with other Festool tools, but they also match up with most other brands' compact power tools as well. A nice thing about Festool's vacs is that the hoses dock neatly inside the units. There's almost nothing I value more for a compact shop than self-contained storage.
Keep in mind that if you filed to become a corporation or LLC, then you can skip this step altogether. When you form an LLC or corporation for your business, your business name is automatically registered with the state. However, as mentioned before, if you legally registered your name as Bob’s Bike Shop and would like to conduct business using any variation of that name such as BobsBikeShop.com or Bob’s Bikes, you will need a DBA.
I was really excited after seeing your shop video. It was almost like you read my mind (except my plans does have more windows and a wood burning stove as I live in TN). I realized the importance of more 22o plugins after you explained your reasoning. I was just planning a couple. Love the floor and ceiling plugins. One quick question. Is each plugin area on it own breaker, or do you have more then one on each breaker. I was planing on each one to have its own breaker. Love your approach on your projects and how you introduce new items or products. Thanks and Merry Christmas
The issue with the old shop was manufacturing capacity and layout. We get runs of 4 to 6 of the frames on the left in the last pic and sometimes frames twice that size. We were masters of having everything on wheels, which works for a while but it takes twice as long to build anything that way. Then the office ladies walk through the shop to the kitchen while you are grinding and complain about all the dust etc.
One of the best deals on portable power tools, including routers and sometimes planers, comes in the form of factory-reconditioned tools. These are primarily tools that have been repaired at the factory after failing quality inspections or being returned by customers. While they cannot be sold as new, they are identical to new tools in quality and appearance and usually feature the same warranty (be sure to check). Typical savings are anywhere from 15% to 30%, though you sometimes can find even bigger bargains. These tools can be found at Amazon.com and other online tool sellers. It is also possible to buy them through retail stores and, in some cases, directly from the manufacturer’s Web site.
If you’ve got 220v, and want to get a seriously good TS, the Grizzly G1023RL is about the best bang for the buck in a 3hp industrial style cabinet saw…$1195/$1294 shipped. It’s not a necessity to have that much saw, but it’s close in price to many lesser saws, and is about all you’d ever need. If that’s more than you can stomach, and/or don’t have 220v, you’re limited to a TS that’ll run on a standard residential 110v outlet….again I’d look to a full size stationary saw. The typical contenders are the entry level price ranges are the Ridgid R4512, nearly identical Craftsman 21833, Steel City 35990, Porter Cable PCB270TS….all under $600. The next step up would include the Grizzly G0661, G0715P, Craftsman 22116 (by Steel City/Orion), Jet Proshop, General International, Rikon 10-201, and Powermatic offerings. These saws all have the potential to perform well…the end performance is largely dependent on how well you set them up, and what blade you choose.
Stop schlepping extensions cords across your garage floor. Make sure your workshop has enough power outlets to charge your tool batteries as well as power your corded shop tools. Your drill press or band saw shouldn’t compete for outlets with a charging drill battery, and you shouldn’t risk tripping over a cable that’s laid across your garage floor.
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.
Chris Marshall: You’re asking a question that would take many magazine articles or a whole chapter of a good shop-design book to answer adequately. If you haven’t already done so, you might also want to ask this question to the good folks that frequent our forum on woodworking.com. Every woodworker with a shop will have a slightly different answer, so here’s mine. I’ve never had a brick shop, but my last one was a metal pole barn (30 ft. x 40 ft.). I outfitted the interior with 2×6-framed walls and plenty of insulation. It stayed reasonably cool in the summer and warm in the winter, using a wall air conditioner and a 60,000 BTU furnace. Currently, I have a 24 ft. x 42 ft. garage space for my shop. It is framed conventionally with 2×6 walls and stick-built 2×10 rafters. I’ve only been in my new shop for about a year, but it is working just as well or better than my pole barn did, because the new shop has many large windows that let in lots more natural light. I’ve used 8-ft. fluorescent T8 light fixtures in both buildings with good success, and I ran both 110- and 220-volt outlets all around the room. The last shop had a plywood floor; the current one, a concrete slab. I thought I would notice a bigger difference between the two flooring types, in terms of how tired it makes my legs by the end of the day. But in all honesty, a good pair of supportive shoes seems to make the difference moot for me. Both types of buildings benefit from a dehumidifier during humid months (when I’m not running the A/C, that is) to keep the relative humidity low and my tools rust-free. If all things were equal, and money were no object, I would probably go with a conventionally framed wood building over the pole barn. It was easier to build that from scratch as opposed to retrofitting the pole barn framing with walls afterward. But, as I say, the next woodworker will probably offer you a completely different answer from mine. Good luck in your decision!
In addition, if your aisles aren’t wide enough, you could be subject to complaints or lawsuits under the Americans with Disabilities Act (ADA). The ADA requires you to have aisles that are at minimum three feet wide. If you’re reported to be non-compliant, you could be fined if you don’t widen your aisles and remove obstructions. Learn more about the ADA’s retail store requirements here.
Dressing rooms are a must in most apparel stores, but they do take up valuable floor space. Make the most of dressing room areas by using adjoining walls for promotional items and accessories like belts and scarves. If you provide dressing areas, be sure at least one door and changing space meets the Americans with Disabilities Act accessibility guidelines, too.
If you want to hit the road as soon as possible, then a Class B/C RV camper is a great option to consider. These vehicles are typically move-in ready, and barring any mechanical issues shouldn’t need much customizing before hitting the road. Class B campers (aka “campervans”) are built inside a van body, while Class C campers have a custom body built on a van cab/chassis.
You can see I broke the ultimate goal down into smaller tasks. Now you just need to do this for all the big goals that you have mapped out for the year. You may have more ideas or goals throughout the year and that’s okay. With this type of document, you are able to add another category and tasks anytime you want. This is just the best way to keep track of all the little things you need to do to accomplish your goals so you never are stuck wondering what you have to do next.
We have a 5-gallon clear plastic Hedpak container that our sink drains straight down into. We really like this container because it’s clear, which means we can easily see how full it is. With 5 gallons of gray water capacity, we only need to empty it every 3-4 days. Dumping is easy - just remove the tank from under the sink and pour it out into an RV dump facility or other approved area.
Gone are the days when you could apply for a building permit based on a sketch on the back of a cigarette package. In provinces like Ontario, design work must be undertaken by an insured designer registered under the provincial building code or by the owner of the property. You can do the drawings as the owner if you can demonstrate effectively through your drawings that your structure will comply with the technical requirements of the building code in a clear and concise way. You will be required to submit detailed drawings, including the following:
However, since you may not have "aisles" per say in your store, it's still important to think about grouping products in a way that makes sense from a shopper's perspective. Also, remember to keep "higher-demand" products displayed at eye-level while placing lower-grossing products at the bottom or above eye level. Lastly, It's recommended that you change up these speed bumps weekly or regularly enough to create a continued sense of novelty for repeat visitors.
So what’s the downside? Well, for starters, RV conversions aren’t exactly known for quality. Most manufacturers use cheap (i.e. shitty) materials, and just don’t build their vehicles to withstand the stresses of full time living. You’re also locked into a pre-designed layout, so it will be a lot more difficult to customize how everything functions.
One of the most important and often overlooked first steps when starting a small business is preparing a business plan. Many entrepreneurs who hear this might panic. And while the value of writing a business plan is often debated, those who complete them are nearly twice as likely to successfully grow their businesses or obtain capital compared to those who don’t. More on this in part three of How to Start a Small Business 101, Components of a Business Plan.
In a woodworking shop, lumber storage is key, and it’s best to design shelves or racks that are about 50 percent larger than you think you need — you’ll almost certainly acquire more materials as the years go on. To maximize a small space, use walls by mounting shelves to the ceiling and purchasing a sturdy step ladder to help you reach things. A wall covered in standard pegboard and outfitted with hooks allows you to customize hand tool storage and keep your most-used hardware within easy reach.
The on the go mode is ideal for when I’m just driving all day and need to pull over and get some rest, be it in a parking lot, a residential cul-de-suc, or wherever. I usually toss a couple of items in the cab of my truck and crawl into the “coffin” sleeping arrangement for a quick night’s rest, but I can also crawl in without placing anything in the cab.
After a year I am still arranging my MAN CAVE . Mine is 2,400 square feet with a 500 sq ft garage and 500 square for room upstairs that serves as gallery of my photos (yes I have several sins) and a conference room as well as any finished projects from the shop. I teach, probono middle school boys and girls in what the school calls an enrichment program. There I have named this the Water’s Edge Woodworking Academy. Actually it is open to my neighbors to build their projects when I am present. I am about one chapter ahead of them. When I told my wife last week I was thinking of an addition she told me “”over my dead body” Taking up extra room are two cnc routers … a Shopbot Buddy Alpha and a Legacy 5 axis cnc machine.
Hey Marc. Just wanted to send a huge congrats your way for this milestone. It’s been pretty awesome to follow you on this journey since I discovered you on iTunes some 5 or 6 years ago. Mad props for what you’ve done to grow and enhance the online woodworking community as well as woodworking as a whole. I think with todays generation (as well as future generations) growing up behind a computer, the work that you and the rest of the podcasting world do will go a long way towards bringing new people into the craft. I hope that in the future you are able to start a series of videos showing how you introduce Mateao to the craft. Keep up the awesome work!
They say nobody ever started a small business out of a love for numbers, but if you really want to stay the course, you’re going to want to fall in love fast. It’s only by keeping detailed accounts and tracking your business’ numbers over time, (net sales, cost of goods sold, and average transaction size) that you’ll start to gather the actionable insights you need to make intelligent business decisions.