Compensation is a critical key to retaining and motivating the right employees. However, since small businesses often start out with tight budgets, compensation is an area they often struggle with, commonly leading to bad hiring decisions that affect overall business performance. The good news is that employers willing to step outside the hourly-wage box have a variety of options.
Amenities and Services – You’ll want to understand the full range of amenities offered by a commercial space. These amenities and services may include such things as communal rooms, free Wi-Fi, loading bays and docks, dining options, outdoor space, sewage and utilities, on-site security, and more. The zoning of your business will often dictate the type of amenities and services you require.
When you’re first starting out, it can be hard to imagine that there are entrepreneurs out there complaining of having grown too fast. But for some, it’s not a problem that’s welcome. For every Ben and Jerry’s, (Ben Cohen and Jerry Greenfield turned a rundown Burlington, VT gas station into an ice cream empire), there’s a Zynga or a Living Social that has enjoyed incredibly fast-paced growth, let their operating costs get out of hand, and then had to engage in mass layoffs when reality hit. If you’re enjoying fast-paced growth, make sure that this is reflected in your operating margins, not just the metric of revenue. You don’t want to be the butt of the old retail joke: “We’re losing a buck on every sale, but we sure are making it up on volume!”
If you want to operate your business under anything other than your own personal name, you’ll need to register your chosen ‘fictitious’ name with the appropriate county or state authority, otherwise known as registering your “Doing Business As” (DBA) name. The correct filing authority varies state-to-state. The Small Business Administration (SBA) provides a helpful tool to help you find the relevant authority for your state.
Expert Tip: Banks are often reluctant to provide long-term small business funding. They prefer short-term loans that are associated with physical assets, which can then serve as collateral. So instead of just asking for a generic loan, maybe consider raising capital for specific equipment that will kickstart your new business, like an espresso machine or delivery vehicle.
Shop layout is all about making the best use of space. Place your machines so that you have adequate “safe space” that you need to work around them. The “buffer area” beyond that is the amount of room you need to run large stock though a given machine, keeping in mind that buffer areas can overlap between machines. If you want to get more organized, buy some 1/4-inch squared paper, make scale models of each machine including the safe space around each, and place them on your model shop layout. Remember that buffer areas need to be long enough to put an 8' sheet through a table saw, or a 6' plank through your planer, for instance. I raised my planer, so that I can use the area above my router table to pass long planks through the planer – all it takes is some modelling, and a little shuffling, and you will find the layout that works for you. Each space will have challenges; I had the area under the stairs that was wasted space, so I installed the dust collector there.
Make sure the room or building you are planning to utilize has sufficient lighting and electrical outlets to allow you to see what you are doing, and to work without excessive extension cords. You should also remember that many tools require a fairly substantial amperage to operate, so you need to make sure the wiring is capable of handling the loads. 20 Amp circuits will work for ordinary 120V tools, but air compressors and welders may require 40 Amp, 220V circuits.
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.
Ventilation is extremely important in the rain. These window deflectors allow us to leave our front windows cracked while it’s raining, so we can pull in fresh air and create airflow with our vent fan. As a bonus, it also reduces annoying wind noise while driving on the highway. The Auto Ventshade is fairly inexpensive, easy to install, and makes a great addition to any van (make sure you get the correct one for your specific vehicle).
By contrast, when it comes to marketing, small business owners have historically been asked to take a leap of faith, spending money without any clear sense of how much positive impact it will have on their business. Put bluntly, learning how to market a small business can be perplexing. In essence, traditional small business marketing techniques have escaped any clearly definable return on investment (ROI) analysis. It’s for this reason that so many small business owners write off marketing as if it were a get-rich-quick gimmick. When, in reality, it’s at the heart of any successful business.
Hi, I have looked through pictures of the shop books. What I am interested in finding is a book with layout design options. I am ready to build a new shop for myself and want to put dust and electrical under the slab. Best layout designs would help me to figure out how to layout a shop that is aprox. 28'x 36'. Is there a book that has this type of information.
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.
I totaly get not wanting to get into the cost part of the shop. We just went through a house renovation, and my stock answer to the ‘how much’ question is either ‘enough’, or ‘enough that was right for us’. There is a quality of life or utility aspect that every person needs to figure out for themselves. And, I would think not having to bounce around from garage to garage anymore has gotta be worth something!
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.
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.
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°.
There’s a lot of space above the shelf in most closets. Even though it’s a little hard to reach, it’s a great place to store seldom-used items. Make use of this wasted space by adding a second shelf above the existing one. Buy enough closet shelving material to match the length of the existing shelf plus enough for two end supports and middle supports over each bracket. Twelve-inch-wide shelving is available in various lengths and finishes at home centers and lumberyards.
However, my guess is around $250,00 t0 $300,000. So as you say you will have a good mortgage to pay for. So excuse me for being nosy. I am retired and I have started setting up my shop in my two car garage. It is not insulated just bare walls and open ceiling. I am going to start doing some projects and will keep watching your shows. I was a Computer Engineer and although I liked my job i always had that desire to get back in wood working and now I am doing just that.
As a carpenter, I need to bring certain items with me every day. I bought a cheap plastic tote in the tool storage area at a home center and modified it for my needs. I made a small plywood deck, drilled a couple of 3-in. holes for coffee cups or glue bottles and then fastened it to the tote. Another piece of plywood has holes to keep pencils upright and organized. My tote sits nicely on my bench seat, but it could also be attached to the floor with hook-and-loop fasteners. You could easily customize these totes for plumbing, garden or painting tools, electrical supplies—what have you. — Don Simms. Check out this jumbo tote for fasteners.
While not as large as I would have liked (is a wood shop ever big enough?), it is about twice the size of my previous shop. It measures about 12 by 25. Fortunately I had managed to find quite a bit of shelving before the move, so I was able to install shelving along two walls. And the work benches were made from wood salvaged from packing crates from Europe and left over yellow pine car siding and flooring from remodeling the old house.
Well, all these years we’ve always planned on this being a nice little workshop, and now’s the time that we’re about to remove all of this and create a nice realistic, practical workshop. Not a TV workshop that just looks good, but one that will be perfect for us to use for some of the projects we have on the show, and again it will be used by our construction company for some of the projects they have.
So you stayed up all night, thought long and hard, and decided you want to name your designer sunglass hut The Sunny Rabbit. We don’t blame you, it’s a pretty cool name. Most would tell you that the next and most logical next step is to register your business as a DBA or at the state level. But, we’re here to tell you that’s wrong! Here’s why. We just talked about how the right business name can make or break your brand identity and in today’s digitally connected world, securing your brand identity across the web is equally as important.
Before joining the top to the base, loosen the bolts and screws on the lower stretchers to create a little play in the leg posts. Align the top notches with the leg posts and tap the top into place with a hammer and piece of scrap wood, working evenly around the table until all leg posts are level with the tabletop. Tighten the lower stretchers and you’re done. A hefty thanks to Doug Merrill for this weighty idea.
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.
Tip: Save money on specialty displays! Many manufacturers offer retailers low-cost or free specialty display fixtures designed to highlight their branded lines, like the one pictured below. These make great speed bump or outpost display units on a tight budget. Your product line reps can tell you if they’re available, plus provide merchandising and display advice.
The idea of not having your own bathroom nearby can be incredibly intimidating, but we’ve found that this is actually one of the easiest parts of vanlife. Public restrooms are plentiful throughout North America, and we’ve never not had a bathroom when we needed one. Gas stations, truck stops, Walmarts, McDonald’s - you name it, we’ve done some business there.
We think that insulating your van’s floor is worth the minimal extra cost it adds to your build. The best floor insulation is ½” XPS foam board due to its high r-value per inch and its compressive strength. But a layer of Reflectix will add some insulation while taking away less headspace. We used Reflectix, but if we did it again we’d go with the foam board.
But if you want to do a lot of stealth camping in cities, a cargo van is your best option. There are so many of them on the road that people just don’t notice them, and they have a lot of floor space to play around with your perfect layout. But if you don’t plan on stealth camping and you value storage space and headroom, there may be better choices.
If you want the ability to cook inside your van but don’t have a whole lot to spend, your best option is the Coleman Classic propane camping stove. For about $60 you get a sturdy and reliable 2-burner stove that runs off of replaceable 1-lb propane canisters. We’ve seen many people using these out on the road, and they do the job very well. Coleman has hardly changed the design of these stoves for decades, so you know they’re doing something right.
In my opinion, the best shop space is a flexible one. I know many folks expected that after setting up my shop so many times, I would be able to design the PERFECT shop space including a finishing room, a dust collection closet, and even some internal walls. But the truth is, the most important lesson I learned over the years was to expect change. My shop is not a static entity. It is more like a living breathing creature that adapts, evolves, grows, shrinks, and changes configuration. Committing to an internal spacial arrangement too early could yield disappointing results. This is why you won’t see me placing dust collection ductwork in the floor. I need to work in a space for at least a few months before I can be confident in my initial setup. Even then, I fully expect things to change at some point. If I made too many restrictive and/or permanent decisions ahead of time, these changes could be difficult or impossible to implement. So my best piece of advice is to forget about the concept of perfection. Instead, focus on flexibility. The ideal shop, in my mind, is little more than 4 walls, a roof, and a butt-load of outlets and lights. So here are some of my basic general goals for my new shop space.
Another example of data-driven decision making is scouting the local competition and taking notes on how much traffic they are getting regularly, the kind of products that they’re selling, their pricing, and even how they market their business. This kind of information will help you determine the pros and cons of choosing a location in that area as well as potential strengths, weaknesses, and opportunities that can improve your business plan. Trust us, doing all of this before starting your small business will save you major headaches in the long run.
Now I want you to create a spreadsheet or use my worksheets and write one major goal on the top. This can be the first goal you want to accomplish. Then I want you to list all the tasks you need to do (or someone on your team has to do) in order to accomplish this task. For example; let’s go going back to the goal of "Launching a New Website". The tasks you will need to do to get this goal accomplished are the following;
Have a walk-through yourself and see where the visual cues guide you or get your staff, friends, or family to do the same and give you honest feedback. Don't forget to observe your customers and see what they're drawn to, what they avoid, and how they move, then match that with your intended design. If you keep resilient and keep your eyes and ears open, you'll be sure to create a retail design that's a win-win for both you and your customers.