Professional Woodworkers Sharing Business Strategies

Street-level stimulus would help shops

Written by David DeCristoforo Monday, 01 June 2009 18:35

We need to find a way to fast-track some of the federal government’s handouts into the accounts of small businesses

Dig into stimulus act to find tax relief

Wednesday, 06 May 2009 15:20

The American Recovery and Reinvestment Act of 2009, a nearly $800 billion stimulus package that became law earlier this year, included nearly $300 billion in potential tax savings. The business-related tax breaks in that bill included extensions of “bonus” depreciation and first year expensing write-offs for equipment and other business property. But the potential benefits do not stop there.

Communication with your clients is vital

Tuesday, 31 March 2009 20:20

Communication is the process by which we transmit, give or exchange information. Think about that definition for a moment: What day is there that we don’t use some form of communication?

Pros and cons of owning your own shop

Monday, 09 March 2009 15:32

Although not unique to this industry, woodworking shops of all types are experiencing diminishing profits and constantly seeking ways to improve money-management techniques. Among others, this raises the question of whether it is better to own or lease one’s shop space.

Making the most of this tough economy

Thursday, 05 February 2009 15:48

The last year has been challenging for small shops, and no one knows with certainty whether we’ve seen the worst or if the economic decline is going to continue. But times like these can be used to develop a strategy that not only gets a business through the downturn, but continues to help once the skies clear.