A small business can start with $1,000 to $3,000 in investment in tools needed to begin.
If you are just starting your work from scratch, starting with a small, local business like this is an excellent start. We found that starting small allows one to focus on their ideas, without needing to worry about money.
What are their costs?
We purchased our lumber for $100 with discounts available on all woodworking options. Since our first week as customers, we have sold three kits. (See photos below for pricing.)
For a DIY kit, we use a wood cutting kit of 60’x60′ that is easily cut to 18″x18″ pieces. We have two pieces in our shop and three for our shop in a second step.
Our shop will also have three sets of table saws to cut into 6×6′ pieces: 16″, 18″, and 20″.
We have three types of wood that we sell our lumber for:
Hickory: This is a very hard wood which means good looking pieces. We buy this wood at a price where we can save money by cutting it before the lumber leaves our supplier. There will be two options for each of our woods: pre-cut & pre-finished, which gives us the ability to sell them at full value when the lumber comes to us.
Oak: This is a softer wood which means no longer as hard as oak. Oak is a cheaper wood, but our shop will also have an 8″x8″, and 12″x12″ piece that will serve the exact same purpose.
Oaks are an ideal wood to buy, as our woodcutting kit is easily cut to the right size for oak.
How should my business be run and what should it look like?
We run business like anyone would, with all of our tools on hand at all times. While we try not to spend too much money or spend too little time on the shop, we have our own set of rules for our business.
Our rules include:
1. We have two different kinds of shops, ours is a small shop, just over 100 sq. ft. With two large pieces of wood for the work area, we have lots of room to build a shop of our own.
2. We do our own woodworking. We work without any contractor for a small shop. As for the other shop,
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