Hobbies are often seen as a pathway to owning a business, and woodworking is increasingly growing as a top small business transformation. In the last five years woodworking businesses have grown over 28% and are projected to grow another 9-15% by 2020. There is no shortage of desires for top quality woodworking, and if you’re considering moving from talent to business, you’ve certainly picked the right niche.
Of course anytime a business is started, you’ll need to have a good plan in place not doing so could mean death to your business or at least a timely setback. However, keep in mind that every pitfall and disappointment used in the right way can serve to catapu you into a stronger future.
How do you start a woodworking as a small business ?
Doing so is usually a unique process, and what works for one most likely will need adjustment for the next, however there are some excellent ways for you to follow a well-designed, proven business plan that can help your business profit. The cost associated for starting a woodworking business can be thousands not a problem for some, but for others thousands is quite out of reach. There is an excellent resource that will actually help you get all your ducks in a row and start a profitable woodworking business for about a $1,000. Get your Woodworking Guide.
Funding your business-
Even at a thousand dollars you may need to look at taking out a business loan. There are a couple quick options for getting a business loan: If you are an existing business you can take out a working capital loan or if you are a startup you can apply for a personal business loan. Both options will offer you an opportunity to get the money you need to start your woodworking business.
Don’t hesitate the experts agree that the economy is on the upward move. Now is an excellent time to start your business.