Often times those same freedom-seeking, passion-driven individuals that started their journey filled with courage and optimism, become some of the most time-pressed and financially-stressed people out there. The flip side of getting to create your own wealth is that you are solely responsible for creating your own wealth. That’s right, it all comes down to Y-O-U.
Equity financing is money raised in exchange for a share of ownership in your business. The core benefit of this type of funding is the lack of debt. You won’t have to worry about those pesky monthly repayments. The downside? You are giving up total ownership of your business, you are giving up the rights to a portion of the ongoing profits of the business, and you are potentially giving up some control of how your business is run (Though this is not always the case).
Because two-sided market apps lack the specificity of on-demand apps, usually more features need to be built. More significantly though, it's much harder for a company to build each side of the market. Uber, for example, is focused on driving. Angie's List, on the other hand, has hundreds of different kinds of service providers. If it wasn't clear from the examples, both on-demand and two-sided marketplaces also have a geographic component. This means that they often start in one area or a subset of areas like Uber did in San Francisco.
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.

The router—The router is the master when it comes to flexibility. Its potential far exceeds trimming and decorative edge treatments. A router will cut mortises, rabbets, and dadoes, and adding a router table builds in even more versatility, including biscuit joinery and raised-panel doors. But where the router distinguishes itself from all other tools is in its ability to produce identical parts using a pattern.


If you want that homey cabin feel inside your van, then lining the walls and/or ceiling with tongue-and-groove paneling is a good choice. Paneling looks awesome - the cedar paneling on our ceiling is one of the defining features of our van. And we cut ours to random lengths and stained it several colors to really give it that mismatched, rustic look.
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.
The cheapest and easiest way to supply fresh water to your sink is with refillable plastic water containers. There are many styles available, including jerry-can style containers, the extremely common Aqua-Tainer, or standard 5-gallon water cooler jugs. Which one you go with really depends on personal preference and the dimensions of your kitchen cabinets.

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.


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
So after 14 years in our previous location, my company moved to a new shop last month. My shop went from 1600sqft split into 2 bays with the kitchen in between to a contiguous 2950 sqft. Still don't know why the the office portion needed to grow by the same percentage when there were already 10 empty cubes at the old office, but thats an argument for another day. The boss got his 500 sqft office so he is happy.
It looks great. Your little guy looks like he's having fun. I just had over 50 kids come through my shop last weekend to do some woodworking for cub scouts. I am saving left over insulation to put in there soon. I restocked my plywood recently too. The pieces of pipe made it much easier to pack in a lot of heavy pieces. I also took the time to measure lengths and mark the ends of all my lumber in the hatch under my bench to find what I need a little easier. My $100 8x8 needs a little TLC soon. But the shop is still rock solid. If you plan on making a lot of dust, I would also suggest a diy air filter with a box fan and a cheap air filter. It helps a little.

I framed and sheathed each wall individually and then stood them up with the help of long 2x4 braces.  My neighbor let me borrow his framing nailer, which made things go much faster.  I added a second cap of 2x4 on the top to make the walls a little more rigid.  I then laminated 4 2x4's to construct a ridgeboard.  I nailed in some temporary 2x4 supports and had a friend help lift it into final position.  Once all of the rafters are cut and nailed into place, the supports were removed.


One of the challenges we all face is how to move machines into a home without damaging the home, the machinery, or yourself. I actually had to bring things through the front door, and across hardwood floors, and turn 90° to descend the stairs into the shop. To protect the floors, I laid down sheets of 1/2" MDF that I could use later. On the wooden stairs, I used three strips of softwood strap­ping, held with wood screws to the stairs. I mounted a 2x4 baton to the wall studs at the top of the stairs, with a 5/16-inch eye-bolt through it.
Once you’ve considered your commercial property options and their associated leases, it’s time to choose one or more commercial spaces and negotiate the leases. When formally entering into a commercial lease negotiation process, you’ll want to start by requesting the terms in writing. This request can come from you or your broker and is supplied by the landlord’s broker.
​In order to excel you are going to need to read up on jig building so that you can produce consistent repeatable cuts.  Ideas for jigs are a dime a dozen online and you could easily lose a couple of hours browsing the hundreds of ideas people think up.  A more economical approach would be to build your jigs as your projects demand them.  After you go through that exercise 4-5 times, you'll find you've accumulated quite the collection of jigs without even trying.
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.
Instead of permanently mounting my 6-in. vise to a work-bench, I attached it to scrap plywood so I can clamp it wherever I need it. Stack two pieces of 3/4-in. plywood and screw them together with 1-1/4 in. drywall screws. Mark the vise-mounting holes on the plywood and drill 3/4-in. guide holes through both pieces. Recess the nut by drilling through the bottom sheet with a 1-in. spade bit using the 3/4-in. hole as a guide. Fasten the vise to the plywood with bolts sized to match the vise-mounting holes. If the bolt shafts are too long, cut them off with a hacksaw. — LuAnn Aiu. Plus: Learn how to use vise grips to pull nails.
When starting a small business, many store owners underestimate the value of a persuasive shop design. What they don’t realize is that people are visual creatures. In fact, 90% of the information transmitted in the human brain is visual. Clear, consistent store design will ensure that you attract your ideal customers into your business by delivering a subconscious uniform message.
A large table saw just isn't a feasible fit in most small shops. But you should be able to get away with at least a portable table saw. Never mind veteran woodworkers who might look down on these compact tools–they're well-suited for many of the smaller ripping and crosscutting operations you'll need to perform. Some of the more compact table saws, such as this 10-inch Skilsaw, are small enough to be stored in a closet or under a table.
Wow that’s a lot of assuming and supposing :) no shop right? no tools right? a place to work and tools for under 3K right? . This ones easy buy a pocket knife, set in your living room and whittle . So far you have $20 spent for a pocket knife. You might need another $200 for a decent vacuum to clean up all the shavings you made in your living room.
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.
Perhaps the most satisfying move I made was to automate the dust collection system. I used the iVACPro system to link all machines to the dust collector. When I turn on any machine in the shop, the dust collector fires up and whisks the dust into the bin. The system also has a programmable delay to allow the dust to make it to the bin before the dust collector shuts down. I set my system for a five-second delay. The system works flawlessly for my band saw, planer, and router table at 115 volts, and also my table saw and jointer at 240 volts. 
Unfortunately, the requirements across the country and across different industries are as varied as the bodies enforcing them. The only way to guarantee that your licenses and permits are all squared away is to seek out regulating authorities on the county, state, and federal level, as well as consult with the relevant industry-specific bodies for your business type.
It looks great. Your little guy looks like he's having fun. I just had over 50 kids come through my shop last weekend to do some woodworking for cub scouts. I am saving left over insulation to put in there soon. I restocked my plywood recently too. The pieces of pipe made it much easier to pack in a lot of heavy pieces. I also took the time to measure lengths and mark the ends of all my lumber in the hatch under my bench to find what I need a little easier. My $100 8x8 needs a little TLC soon. But the shop is still rock solid. If you plan on making a lot of dust, I would also suggest a diy air filter with a box fan and a cheap air filter. It helps a little.

I would definitely stick with the vapor barrier under the floor to avoid moisture from breaking up the OSB. try to build the base high enough to keep it dry and allow airflow to dry it out under there. FYI I recently repaired a neighbor's shed roof that must have been partially repaired before with plywood. The OSB was fine under the shingles, but the plywood was wrecked due to moisture. I would stick with OSB. Since you live here in NOVA, details will be a little more helpful to you. I really can't use the shed in the summer without the AC on. It gets direct sun and gets up to the 90's in there with out any air movement. I am planning on eventually lining the inside of the ceiling with that thin reflective insulation to bounce back some of the heat.

I looked around at many versions of Taiwanese drill presses. I ended up purchasing the Ridgid DP15501 15" drill press because I liked the way the quill stop was made, the work light, key stor­age, and the easy access to the belt change system. This machine was also on sale when I needed it, so that made it a slam dunk. Choose the one that suits you, as they’re all very similar. The table is large enough, and the distance to the column is large enough to allow you to do most anything a small shop needs. 
A not for compensation nonexclusive arrangement, on the other hand, gives a tenant maximum flexibility. It’s nonbinding and there are no commissions negotiated. Instead, it gives the broker the right to speak on your behalf and schedule listings for you to see. However, while it provides flexibility, this arrangement gives the tenant broker less of a fiduciary duty.
The primary investment of any garage workshop are the tools. Protect your investment with a high quality tool chest that is neatly organized and (if needed) lockable. Look for smooth rolling ball-bearing drawers, and if you’re buying used, beware of rust and dirt that could corrode your tools. We recommend installing drawer mats to keep your tools from sliding around. They also give your tools a softer cushion to rest in.
There you have it! Now you have no excuses, you must start planning right away. Please remember this can take a lot of time and a lot of work, so be sure not to stare at your task list in its entirety too often. I don’t want you to get overwhelmed knowing all the things you must get accomplished. Just focus on the goal that is the most important and attack it, task by task. Need help organizing these goals? Check out my Goal Planning Worksheets here:
The more outlets the better! I have a good mix of 220v and 110v outlets throughout the shop. I even included a few in the ceiling and the floor in hopes of avoiding power cords in the walkways. And although this contradicts my previous comments about over-committing, I picked locations that would likely work for various tool configurations. If at some point they don’t work for my setup, I just won’t use them.
With all the time and effort you've put into properly merchandising your products, the last thing you want is for incoming customers to hurry past them — this ultimately limits the number of products they'll purchase. One way retailers combat this is through creating breaks that force them to pause. These are sometimes referred to as "speed bumps." Essentially, this can be anything that gives customers a visual break and can be achieved through signage or special/seasonal displays.

Make sure to run ground wires wrapped around all lengths of flexible exhaust hose to prevent static build up, which can spark and potentially ignite. I chose the King 1.5 HP dust collector, with a 115 volt motor, so I did not need special wir­ing for it. A shop vac is a must, as well, used to vacuum out machinery, and to remove dust from furniture prior to fin­ishing. Finally, an air filtration system was installed to clear the air of tiny airborne particles. The King KAC 650 unit I installed does a nice job, has a remote control, and a program­mable delay – I usually have the air cleaner run for a timed two hours when I leave the shop.


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.
There are a number of woodworking fixtures you can get by without for a long while, but a sturdy workbench isn't one of them. The trouble is, those solid-hardwood benches we all lust after can completely blow a modest woodworking budget. Here's a bench that splits the difference. You'll get a top that can stand up to significant abuse, a sturdy, heavy base that keeps the bench planted where you put it, and an end vise and T-track system for holding workpieces as well as a variety of unique jigs. It may not look quite like a European bench, but it works just as hard as one for a lot less money.
What we're trying to do in providing these ongoing app cost resources is to frame the conversation for you. As noted earlier in this article, we're not suggesting that any of these different app types can't be lower than the lowest range shown or higher than the highest one. We are, however, trying to give you a sense for what a quality app built by seasoned professionals would look like.

Just as a shed or garage can get stifling in the summer heat, winter cold can also make working conditions difficult — if not impossible. To prevent clumsy, stuff fingers from ruining your projects, you need a way to heat your workshop in even the most extremely frigid days of the year. A traditional residential space heater probably won’t cut it, as these are designed to heat single rooms. For a two-car garage or full basement, you’ll need something much bigger.
At least once a year I want you to set aside some time (I’m talking about a large chunk of time - like a day) and I want you to write down everything you want to accomplish this year or next year (or whenever you are planning for). I tend to plan for a whole year, but you can try 3-6 months to help you get started. Take away any and all distractions because it’s important that you are super focused on what you want to accomplish for the year. This is the time to let your ideas flow, don’t hold back. Things on this list can include: Launch your own website, release a new invitation line, and work on my Instagram account. Don’t overthink, just write down what comes to your mind and whatever your heart desires. There will be time later to refine what you have written down. When you are starting to brainstorm your goals, I would suggest that you first start off writing them on a notepad like this. And then once you are done, you can move them over to a task organizer like this.

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.
The ARB fridge 50-Qt Fridge is the best of the best. ARB is an Australian 4x4 accessories company, and all of their products are built to withstand just about anything. The ARB fridge is extremely rugged, and features powder-coated zinc steel construction for the ultimate in durability. It can take a beating, and works just fine on inclines up to 30°.
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.
A track saw, such as those by Festool and DeWalt, makes things even easier and offers greater accuracy, but these saws are also quite a bit costlier. With a circular saw, you have to keep the shoe pressed against a guide while pushing the saw forward. Track saws, on the other hand, pop onto their tracks and need only to be pushed forward. Track saws often feature splinter guards to help reduce tearout as well for smoother and straighter edges.
If you have a small shop, you're probably not going to have the option of milling your own lumber to square. So the easiest way to go is to buy boards in the thickness and width you'll need. When buying sheet stock at a lumberyard or home center, the employees there can usually cut boards or sheets down to approximate sizes for you on a panel saw–sometimes for free, but typically for a fee.
It’s important that you have a fundamental understanding of what is making your business successful before you decide to expand. Who are your customers and why do they enjoy what you offer? Who are your suppliers and will they be able to deliver to your new location? What are your operating costs and will they be the same in a new location? A lot of small businesses start off in the suburbs of a town before making the move to a city’s business district, only to find that unexpected additional costs are swallowing up their profits.
According to store design experts, this is the part of the process where store owners tend to put the cart before the horse. Once the floor plan is sketched out, store owners are quick to purchase and install fixtures, then fill them with product. Far too often, the fixtures chosen aren’t ideal for displaying a range of products in a particular space. Or worse, they don’t offer flexibility needed in valuable display areas that are constantly changing to house featured and seasonal products.
The primary investment of any garage workshop are the tools. Protect your investment with a high quality tool chest that is neatly organized and (if needed) lockable. Look for smooth rolling ball-bearing drawers, and if you’re buying used, beware of rust and dirt that could corrode your tools. We recommend installing drawer mats to keep your tools from sliding around. They also give your tools a softer cushion to rest in.
“Your sales floor is a living, breathing entity that needs to change—frequently—in order to flourish. It’s the retailer’s job to make that happen. If your store is filled with the latest and greatest products, but your sales are in a rut, it could be because your customers are bored. They come to your store not just to buy; they come for ideas and inspiration. And they come to be entertained—even when they don’t buy anything, that experience is what brings them back.”
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