When starting your small business, the type of business structure you choose will depend on three primary factors: liability, taxation, and record-keeping. Most small business owners begin their commercial life as a sole proprietor because it’s the easiest way to get started. In fact, if you’re in business and you haven’t taken any action to incorporate, you are most likely deemed a sole proprietor by default. You are entitled to all the profits of your business but also responsible for all its debts, losses, and liabilities.
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.
In general, a table saw requires at least eight feet in front and behind to accommodate standard sheet goods and four feet side to side. A work table should provide four feet clearance on all sides, and pathways between tables, benches and storage units should be three feet wide. Proper clearance will allow you to move about with ease while you work.
Hey Brett! Awesome to hear that your own plans are coming together. I can’t really recall seeing any dirtbags rolling around in a Pruis… I wouldn’t imagine it to be the ideal vehicle for transporting gear and living out of, but the gas savings would really add up over 6-7 months on the road. In general, I’m in favor of going with what you’ve got and finding creative ways to make it work. Maybe you can add a rooftop box? On some vehicles, people even remove the passenger seat(s) for extra storage space. The biggest problem with the Prius that I see would be finding a place to sleep while you are on the road… But I guess that’s where your gas savings and cheap hotel would come in. I know Gina Begin has been living in her little car for a long while now, check out her stuff, and maybe reach out to her. She’s a veteran at dirtbaggin’ it in a car: http://www.ginabegin.com/2013/05/the-ultimate-guide-to-living-on-road-15.html
My advice here is to make a detailed list of what the various parts of the build will be (drawings, permits, foundation, framing, electrical, etc.) and decide what you would like to do yourself and what you will need to hire others to do. Get quotes on the work that you would like to hire out and estimate the materials you will need to do your portion. You may want to factor in your time into the cost as well, especially if you will be passing up other income to work on the project. At some lumberyards, you will be able to give detailed drawings to an estimator on staff who will do a material takeoff list for you of what you’ll need and what it will cost. When all the numbers come in, you can put together a budget and plan for an overrun allowance of around 15 percent. If you keep track of the materials and subcontract costs as you go, you can stay on track and make decisions as you go about the latter stages of the project without regretting it later. If it is challenging to obtain funding for a complete build, you may want to stage the build so that initially the frame goes up and the exterior is finished, and then you finish the interior work as you have time or as funds become available.
Well, we’ve managed to put together the workshop I’ve always wanted. One that’s practical, functional and neat, well at least for the moment. We have plenty of light, plenty of power, lots of work surfaces and enough cabinets, shelves and hangers to organize all of the tools we’ll be using here. I’ve even managed to do a little creative workshop decorating along the way to remind me of how I got started in this business in the first place.
When registering your business name you should also consider whether or not you have plans to expand your local business nationally or online in the future. Registering your business with the state does not offer brand protection beyond the state it is registered in. For example: If Bob’s Bike Shop is registered in New York, no other business will be able to use that name in that state. However, someone in Idaho can still register their business as Bob’s Bike Shop. If you have aspirations that look beyond Main Street, USA and would like the option to expand nationally or on the web, you should consider trademarking your business. When you trademark your business name, it makes it a lot easier to recover property that infringes upon your brand. For example: If Bob’s Bike Shop in Ohio purchased the domain www.BobsBikeShop.com but Bob’s Bike Shop in New York trademarked that name, legally Bob’s Bike Shop in New York has the right to file a domain name dispute to get the domain name back from it’s current owner.