When a problem arises, find the simplest solution
I don’t know about you, but I have the tendency to overthink things.
Pro Shop
There’s no accounting for bad accounting
Let’s face it, we are woodworkers and not accountants, and who likes accounting anyhow?
Start calling the shots or end up in the doghouse
Are you a trained craftsperson? If so, how much training do you have?
Follow the money for a clearer picture
Chances are, like most woodshop owners, you know that some jobs make a big profit and others don’t, and you hope by the end of the year that you’re ahead of the game. But do you know which is which, and why?
Tax reform favors shops that aren’t passing through
Are you ready for tax reform? Thanks to the recently passed Tax Cuts and Jobs Act (TCJA), the tax rate for incorporated shops will be reduced from 35 to 21 percent for the 2018 tax year and beyond. The news isn’t as good for pass-through businesses.
Shops and fire are a really bad match
It’s always in the back of our minds. Terrifying for anyone who has been through one, a woodshop fire can burst out of control in the blink of an eye.
Tales of terror
Any coach will tell you that having a game plan is critical for success and victory. Running a business is no different.
What to expect in 2018
Looking at the Dow Jones Industrial Average, one might think that the U.S. economy is firing on all cylinders and we’re in for some great times.
Seeking a niche? Its not all dollars and cents
Figuring out your specific niche can be daunting, but if you follow the money you’ll usually discover what your niche market is
