From My Experience, Things to Know When Starting a Woodworking Business

Many people find woodworking to be a fulfilling hobby and consider opening a woodworking business; they realize they have a talent and skill others are willing to pay for. For such a person, with the right aptitude and ambition, there is no greater career path than doing something they love on a daily basis. But, as a wise person once said, “If it were easy, everyone would do it.” Three important aspects of starting a woodworking business are 1) understanding how to run a business, 2) having the knowledge and aptitude to be capable to start that type of business, and 3) understanding the level of dedication it takes to find success. The fact is, according to the Bureau of Labor Statistics, 20% of small businesses fail in the first year, 40% fail in the first five years, and 65% don't last more than ten years. Those figures aren't meant to discourage anyone from opening a new business but provide realistic expectations as to the dedication required for success. Differences bet