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.

I’ll throw this suggestion out to you too – while a warm sleeping bag would be a good start, maybe a couple sheets of plywood to put over the truck bed with a tarp over that would provide you some extra protection from rain/snow and also trap in some body heat. You wouldn’t have to make them permanent and could just slide the wood into the bed when not sleeping under it. A cheap bivy as Ryan suggested would also be a good consideration and a quality sleeping pad to provide some warm rating and comfort from the truck bed.

I hope to build my own stand-alone dream shop sometime in 2015 – in the Texas Hill Country. I’ve not yet found the right lot, so much is yet unknown….but am thinking roughly 30′ x 40′ overall, with 10 or 12 foot ceiling. At one end, there will be a 10′ x 30′ space walled off into three spaces: a small finishing room, an office/design space, and a half bath.
This is about how I built my wood shop. We decided to move from our previous home for a variety of reasons. I saw the move as an opportunity to gain a bigger shop for my wood working hobby. The house we found had everything we wanted, except for a shop or even a garage. It did have a non functioning indoor pool. We thought this space would make a nice wood shop. I could just build a floor over the pool and have a shop. As we got further into the inspection process, it was looking as though fixing the structure over the pool was going to be expensive. It looked like we would have to put a bunch of money into a structure that was not really a wood shop and not a functioning pool either. It made more sense to take out the pool and structure, and then build a wood shop from the ground up. We started this project by regrading our side yard to gain access to the pool in the backyard. Once we had access, we took out the pool. We half filled the hole where the pool was with compacted gravel. I realized that if we sank the shop into the ground I could have the ceiling height I had always wanted in the shop and preserve the view from the house. The design of the shop is a box with a shed roof. The roof wraps down the east side of the structure. I like to think of it as a slightly open toolbox. The entire shop is laid out on a 24 inch grid. The windows and doors fall within this grid. I had a general contractor built the shell and then I built the windows and interior. The interior walls are comprised of a 34 inch concrete stem wall at the base. Above that is a 9 foot, plywood wall. In the space above the plywood wall and below the shed roof is poly carbonate panel to form a clerestory. The tool layout in the shop is divided into 4 areas: an area near the door for material storage and prep, a central area for general wood working, and two areas near the back of the shop, one for turning and one for metal working.
To make the most of your workshop oasis, look for a water dispenser that offers a choice between chilled and hot water. This will let you enjoy a cold, refreshing drink in the heat of summer rather than a lukewarm bottle that’s been sitting around gathering dust. You’ll also cut down on the amount of plastic your household goes through, which is a boon for the environment. In the winter, the hot water tap will also you to make a cup of tea or a mug of instant coffee on the spot. No matter what your taste, a versatile drink dispenser will keep you hydrated and happy while you work.
It’s also a good idea to cover up any exposed insulation or open stud bays so that you have a flat surface to mount stuff on the walls of your workshop. Here we’re attaching plywood panels to the metal framing but in most garages or sheds you can just nail them directly to the studs. We’re also getting a jump on organizing by putting in a hose reel next to the location we’ve chosen for our air compressor.
Ultimate Small Shop offers a comprehensive guide illustrating how to set up a workshop. It may be just a small basement shop or a part of the garage converted into a workshop. The guide lays out all the steps and actually caps the investment at under a thousand dollars. Woodworkers can build their workshop for less than $1,000. This does not entail any compromise of tools or the scope of woodworking projects. The guide provides a shopping list including the best tools and there are exact links to find those tools and buy them at the best prices. There are floor plans to ensure layouts are optimized even in the most cramped spaces.
The level of sophistication in a $250 shop is significantly less than a $2,500 shop.  But keep in mind even a $2,500 budget is entry level.  Acquiring a shop full of the perfect tools for each and every job takes a life time.  But that doesn't mean that producing quality work takes a lifetime.  One of the most enjoyable aspects of this hobby is the constant need to solve problems in order to produce good work.

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. 

Note: This article will not include considerations for costs by independent developers or offshore firms. As I have written about cost differences in previous articles, those costs vary widely. Instead, this app cost resource focuses on what it would take to have a quality team of professionals build different kinds of apps. That could be done in-house, by building your own team, or by contracting a third party agency like Savvy Apps.
Find out what tools you need and how to budget for shop setup. Whether you are going to be doing furniture, cabinetry or woodturning, this workshop tools list and budgeting guide can help. Learn how to prioritize purchases of shop tools based on space, interests and cost. Check out a comparison of the workshop tools you can get for $4000 vs. $10,000 and determine how much you need to spend for the shop you want.
You need an out-feed table to support work exiting the table saw and band saw. By placing the tools close together, I was able to make one out-feed table that works for both tools. I put four pivoting wheels on the table, allowing me to shift the table in any direction. By placing a shelf below the table, I gained some much needed storage space for portable power tools. Finally, since this is a large work surface, the table also serves as a true, flat assembly table.
Congratulations !! I think 62 days is quick ! thats a big project. Now that its done and you got to get everything else set up it kinda sucks that you will also need to start making the payments, yuck. However I think it will be a good investment as your show continues to grow . I certainly love it ! I look forward to what you have in store. Thanks
Once you’ve considered the questions in the previous paragraph, start thinking about how your products/services stack up against the local competition. Because unless you are offering something ground-breaking and innovative, chances are that your potential customers are currently having their needs met by another business. That means it’s going to be your job to convince them that Blue Sheep Bakery is a better option than Bob’s Bake Shop. If your first thought was to compete on price, sorry to break it to you but, that’s not going to cut it. There is more to starting a successful small business than matching the price to the guy down the street.
The refrigeration setup in your van is an area where you really do get what you pay for, whether you’re paying in money or in time. The best options are the most expensive. The cheapest options are a pain and/or don’t work very well. And if you try to save money with a DIY refrigerator setup, you could end up spending a lot of time on installation.

Ultimate Small Shop

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