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.
Ideas on how to Improve your Workspace – We can all do with some ideas on optimizing workspace. The guide has a lot of information about how to improve your workshop to be more efficient and improve workflow. This includes the costs of improving your shop, as well as hacks you can do yourself to improve efficiency and storage space for less. You’d be amazed at what you can do with even a small room. You just need someone to point you in the right direction.
Hand tools offer the finesse and precision you just can’t get with anything else. There’s a sense of satisfaction you get from working the wood rather than machining it. After all isn’t that why you got into woodworking? Again there are a vast array of tools but narrow it down to a core range and you’ll have the confidence to complete a number of jobs.
Apps begin to get more complex—and costly—once user authentication is involved. The main reasons for that are all the other expectations that come with user authentication. Typically, they include interacting with data (e.g., favoriting an article), syncing data across devices, push notifications, and perhaps collaborative features (e.g., inviting a family member).
It is particularly important that you think about your customer’s experience holistically. Big-box retailers have long understood that people have five senses and that those senses affect decision making in a profound way. Whether it’s through intelligent lighting, the right music selection, or the careful piping in of a beautiful scent, smart retailers have learned the art of manipulating customer mood — whether they need you excited about a sale or relaxed and in the mood to hang around.
The biggest problem I see with business owners and goal planning, is that they know they goal they want to accomplish, but they don't know the steps to accomplish them. Sound familiar? Well welcome to the life of an entrepreneur. We are usually trying to figure it out as we go along so don't worry. Here are my most favorite resources to help with figuring out the steps to accomplish anything on your goal sheet:
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.
Since your business name is often the first thing potential customers will see or hear, think of it as one of your key tools for leaving a lasting impression. The right name, like a firm handshake, can play a role in your brand’s perception. So make sure it’s strong, catchy, and unique, but most importantly sends the right message about your business.
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.
He’s also providing power to a cool light grid we’re building from several old fluorescent fixtures that we salvaged from past remodeling jobs. With six four-tube fixtures, we should get plenty of light. In a work space you want to install these lights high enough so they don’t get in your way when you’re moving materials but low enough to provide good even light.
The first step in choosing a business location has little to do with site evaluation. It’s about understanding who your customers are. What kind of people are they? When and where do they work? How do they spend their free time and extra capital? Get to know your potential customers and you’ll have a far better chance of finding both a site and a property that they’ll want to frequent. Once you know who they are, you need to ask yourself if there are enough members of this target demographic near your intended storefront location. If so, what time of day they are most likely to be near your storefront? And, will it be quick and convenient for them to stop in?
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.
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.
But now is the time to take a step back and go on some test runs in your van. Take it out for a weekend here or there (or better yet, a week or more). Try living in it as you expect to on the road. We guarantee there will be things that worked well in your head but not so much in reality. And you’ll come up with random little hacks and innovations that will make your life on the road easier and more enjoyable.
I have a plastic bed lining on my truck, which also covered the back of the tailgate… I just popped the screws off, took off the plastic liner and drilled holes in the sheet of plywood to match those used by the plastic tailgate cover. Sorry if that doesn’t help you with your setup. But I’m sure you could just drill your own holes in the metal tailgate. Use the plywood cover as a guide for your screw holes…
A warning out of concern and love for my fellow 'ablers. A framing nailer is a VERY dangerous tool. Not something to loan out willy-nilly to just anybody. For a small project like this it's just not going to save a lot of time. Most of us are better off burning the extra calories that swinging a hammer uses anyhow. Emergency rooms are seeing a lot of visits because a lot of guys see these on TV and at your big box stores and think they look cool. They are only marginally safer than shooting at the nails with a pistol. (Hmmm...). Be careful, PLEASE.
The big advantage to buying a pre-built camper is that it’s already built out, so you won’t have to wait to hit the road. Many feature innovative ways to convert the living space into a sleeping area, and may even include a bathroom/shower. These vehicles should also have electrical, plumbing, propane, and water systems already installed (although if you want solar power, you’ll likely need to add this yourself). woodworking shop design