Professional Woodworkers Sharing Business Strategies
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.
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.
Written by John English Monday, 16 February 2015 00:00
Seventy-seven-year-old Ken Froelich used to run a furniture repair shop in Rapid City, S.D. It was a half-hour from Ellsworth Air Force Base, where soldiers, airmen and even some diplomatic corps personnel would arrive home from overseas tours.
Written by Lloyd R. Manning Monday, 19 January 2015 00:00
Cloud computing, which can produce greater efficiency and cost savings for woodshops and many other businesses, has recently enjoyed greater acceptance and growth. Yet, in many quarters, particularly among small-business owners, it is still not known well. One seldom realizes in this technological age how soon we get out of date.
Written by John English Monday, 15 December 2014 00:00
Woodshop inventory comes in three forms. There are raw materials such as plywood, hardwoods and hardware. Then there is work in progress, which is anything from individual parts to fully assembled and unfinished casework. And finally there are completed jobs that are ready to be loaded and delivered/installed.
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