Starting a Woodworking Business
Starting a Woodworking Business
Do you really want to get into a woodworking business? Spending more time in you hobby, and getting paid to do it sounds good. But, it often requires giving up all the parts of woodworking that you enjoy.The #1 Secret to Killing a Business? Keep Being a Woodworker
Before there’s any mob lynchings, let me preface this post by saying, that what you’re going to read is the biggest mistake I ever made in business starting out. Simply because I ignored this fact for a long time. Don’t get me wrong. Your woodworking and design skills are essential to your business, obviously. But the problem for most people starting out is that they ignore a simple truth that makes what they’re doing a true business. And ignoring it is killing their business before it’s even had a chance to take off.
Start With What You Have -The answer’s not as glamorous as you hoped it would be and it’s also something you already have, but are too busy feeling sorry for yourself to use. A shop. Do you have a shop? You know, that place where you build and finish your woodworking projects? Of course you do, otherwise you wouldn’t be reading this thinking about how much it desperately needs cleaned. Notice I didn’t say anything about the ideal shop? The one with abundant windows, breathtaking workbench, handplanes as far as the eye can see, and your very own Appalachian style soundtrack in the background. Yeah, that ideal shop. Well, forget about it. You don’t need that one.
There’s a lot of reasons people take up woodworking as a means of generating income. But, What’s the number one goal for you starting a woodworking business? At the core of every scenario you create for yourself, is one element that every woodworker has in common. It was the foundation upon which all other desires and perfect instances were built. In fact, you could call it the solid foundation that every woodworking shop is truly built on.
Woodworking is a fascinating hobby, one that started back in primitive times and which is extraordinarily popular in today’s world. Whether you’ve been working in woodworking since you were a child or are just getting started in it now, starting a woodworking business may be a dream of yours and one that you can certainly achieve. For those who are skilled in woodworking, starting up a woodworking business can be a prosperous idea. There are just a few important steps that should be followed in order to have the most successful woodworking business.
Any time you consider starting a new venture there's a certain amount of trepidation. Can I afford the start-up costs? Will people really buy my products? Can I sell at a profit? There are a host of such questions that naturally engulf the mind of every potential entrepreneur. Even assuming you can answer yes to all the business questions and have all your plans and resources in place, there is still the question "... Is now the right time?" In my opinion, right now may be the best time any of us will ever see to start that woodworking business we've been thinking of for so long because there are five major trends developing in the world today that create significant advantages and overriding reasons to start now.
The economy has gone down the tubes, but you are ready to start your own woodworking business. Do you wait till the economy is recovered, or should you go ahead with your plans right now? The answer depends on how 'ready' you are of course, plus many other factors. Starting a business at any point in time is difficult, starting a woodworking business is even harder. Combine that with a recession, and you face a very difficult uphill battle. It is important to wait untill you have lined up enough clients for at least a few months. If you have a current job, it is probably wise to hold on to it a bit longer while you do some more preparation. Preparation includes getting your suppliers lined up and finding the ones that will get you the lowest price/highest quality.
It's not exactly the best time to try to get into this market. There is a ton of competition at the bottom and it takes a long time to claw to the top. With CNC technology the way it is, the pay scale is getting lower at the entry level because there isn't as much skill needed to assemble pre-cut panels into assemblies. If you have software experience you can try getting on as a designer or programmer. I think that type of position has more potential. You could also look into being an installer for a home improvement center for a while as you learn the ropes.