Professional Woodworkers Sharing Business Strategies

Age should just be a number for woodworkers

Written by David Getts Monday, 16 November 2015 00:00

21_davidgetts_01It’s unfortunate that society places such a huge emphasis on youth. Much like in the movie “Logan’s Run” (1976), where the government decided that its citizens could not live beyond the age of 30, the youth obsession dominates advertising, pop culture and even shapes our opinion on when people should retire.



Look at new avenues to expand revenues

Written by John English Monday, 19 October 2015 00:00

john_englishAmericans spend more than $30 billion dollars every year on old-fashioned, printed books. Another $35 billion goes for wine. Are you building bookcases? Or wine racks?



Are you open to new ideas?

Written by David Getts Monday, 18 May 2015 00:00

21_davidgetts_01Synchronicity is defined as “the simultaneous occurrence of events that appear significantly related, but have no discernible causal connection.” We have all had this type of experience at some point in our lives. I think most people shrug it off as simply an interesting or unusual coincidence. But is that all it really is?



Capital investments need a well-planned ROI in place

Written by R.W. Lee Monday, 13 April 2015 00:00

Prior to my involvement with digital fabrication technology, I was a consultant for 25 years valuing investment-grade real estate and medium-sized businesses. Though most of this was enjoyable, the most distressing part was trying to save a business from insolvency or, worse, valuing the remains of an insolvent business.



At tax time, be careful with moving money around

Written by Mark E. Battersby Monday, 16 March 2015 00:00

Putting money into a woodworking business — or taking money from the business — is not something to be tackled by amateurs. Admittedly, a surprising number of woodworking professionals do depend on themselves when it comes to financing their businesses. Thanks to our complex tax rules, however, getting money invested out of the business can be expensive.



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