Saturday, February 22, 2014
How To Make A Wood Working Business Out Of Your Hobby
If you are a beginner at wood working then you will need to learn the requisite skills at woodworking before you can start a business. The easiest choice to do this is by making things. That is evident, but I mean get hold of a collection of woodworking plans and start making items from the simplest upwards.
You could start with uncomplicated items like swing seats, bird tables and dog kennels. When you have mastered the skills essential for these popular objects, you can already start selling them or taking orders to make them. Once you have got to this stage, you could move on to garden furniture like benches, recliners and tables.
You should have no difficulty selling hand-crafted, unique wooden furniture. Woodworking is one of the few occupations where you can make money from day one. Cash in hand. I am not saying that you should not keep proper accounting records, but until you really get going, you will almost certainly be trading in cash.
Once you have mastered the skills of making garden furniture and have gained the experience of selling those items and keeping proper financial records, you could start manufacturing indoor furniture. You could start with wine racks, breakfast bar stools and storage boxes. These objects are also readily saleable.
At this stage, you could be thinking of taking on an apprentice and an assistant. When you have gotten this far, you have the foundations of a business and it is time to start learning management skills.
You will need to go to night school and learn about book-keeping and industrial law. You will need to learn how to conform with government and union requirements and you will need to learn how to collect and pay taxes.
You will also need to learn how to advertise. Advertising is a skill of its own, but it is one that you will have to use, if you want your new business to grow. Now you may be at the stage where you need to take on a few more employees and a few bench machines in order to speed manufacture up.
Wood working or carpentry, is a fine trade to be in and you really could be an employer, running your own business within five or six years if you stick with it. You actually can take your wood working hobby and turn it into a wood working business.
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