Debt financing involves borrowing capital that must then be paid back over a set period of time, most commonly with interest. Typically the core benefit of this arrangement is that you, the business owner, maintains complete control over your business. Your only ongoing obligation is to repay the loan with interest. The downside? Fail to keep up those repayments and the loan — often secured against your assets, savings or property — can put you in very dangerous financial waters.
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.
Before you bid in an online auction, check the site’s rules of operation. At some sites, a winning bid is a binding contract, which can be a problem if you can’t inspect the tool before you purchase it. Don’t forget shipping costs. In some cases they can exceed the cost of the tool. Also, make sure the tool you’re buying will run on the power you have in your shop. Many former industrial tools run on 240v single-phase power. If your shop doesn’t have 240v service, you’ll need to factor in the cost of upgrading before deciding to buy. You don’t want to saddle yourself with a tool you can’t use, no matter how good the price.
Hey thanks for the great insight on a pickup camping setup! I just purchased a 2002 tundra with a 74″ bed. Picking it up in Denver in a week and driving it to Durango and then around the southwest. I mainly decided on a truck for a mobile place to keep my dog(that doesn’t have an interior he can rip to shreds), but I am thinking of building a setup similar to yours. You haven’t used yours with a canine companion have you? Any suggestions on keeping it dog-friendly, dog-comfortable and dog-proof? I will be keeping him in the back while at work and such and will be camping in the back with him and possibly another person.
My wife and I have just bought a block and will be building a new house – as part of this will be the building of the “shed” – which is really a workshop as I am a very keen Woodworker (I have most of the toys!!). My question is – Leaving money aside “Is a brick or metal shed better – especially in regards to moisture, inside temperature (heating and cooling), noise etc”? Any other suggestions would also be appreciated – eg lining the structure, power needs, lighting, etc. I appreciate your expert opinion. – Ivan Banks
Hey there Ryan. Cool blog! I love the idea of trucking-it! I’m not able to do something like that, though I wish that I had taken the time when I was younger to do so. Here’s a suggestion that you might consider, if you haven’t already considered it before: Obtaining and using a hammock. I’d suggest bolting in an eye hook on the truck, or using the bumper as a tie point if you don’t have a second tree around. Also, in the high desert, you could use rocks as anchor points for it. Just an idea, from one camper to another.
I save all my back issues of The Family Handyman magazine and love the projects and repair tips. The trouble is, I’m not always ready to do the project when the issue arrives. To make my favorite articles easy to find at a later date, I put a stick-on label on the cover and then add notes for easy reference when the time comes to do the job. — Willie Schreiber. Plus: Check out this small workshop storage solution. Small woodshop workshop on a budget