Professional Woodworkers Sharing Business Strategies

Stay on top by planning for highs and lows

Written by David Frisk Monday, 13 December 2010 00:00

46_david_friskSome of you are probably wondering why we should start planning now for the next recession when we are still struggling with this current one. I can completely understand this, but let me assure you there is no time like the present to plan for the future. A good place to start is with a positive attitude, which is very important in trying times such as these. As difficult as that might be, just remember you had nothing to do with starting this recession and a positive attitude will help you deal with its fallout.

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Underground market poses a threat to you

Written by Mark E. Battersby Monday, 15 November 2010 00:00

13_mark_battersbyHow can any woodworker or woodworking business hope to survive against competition that isn't burdened by licensing requirements or fees, insurance costs or even taxes? Several years ago, one study reported that Greece, with all of its financial woes, had a shadow economy that was a whopping 30 percent of its GDP. In this country, the Government Accountability Office, Congress's watchdog agency, estimates the income tax "gap," the difference between taxes owed and taxes actually paid, is in the hundreds of billions of dollars.

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Lacey Act’s ramifications are being felt

Monday, 18 October 2010 00:00

59_pro_aSince Gibson Guitar Co. in Nashville, Tenn., was raided in November 2009 by U.S. federal agents for violation of the Lacey Act, people involved in the woodworking industry, whether they be timber importers or builders of musical instruments, are wondering what caused the raid and what exactly is the Lacey Act.

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Know the benefits, obligations of CNC

Written by Dan Mosheim Monday, 13 September 2010 00:00

26_danmosheim_01So, after all you've read about faster, safer, increased profits and other pie-in-the-sky claims, you're thinking of possibly buying a CNC router. In the last five years, and particularly since I started writing about what we do with our CNC on my blog, I have fielded calls from other woodworkers considering taking the plunge.

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Outside funding to show off your craft

Written by A.J. Hamler Monday, 16 August 2010 00:00

26_aj_hamlerIt doesn't matter what kind of shop you have; if you want to be successful, promotion is key. Some categories of professional woodworking - cabinets and millwork, specifically - cater to a needs-based clientele, which has plenty of traditional print and broadcast promotional outlets available. The same is true for craft-related woodworking, of course, and many furniture, chair, box and clock makers find success with those routes.

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