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Starting a Woodworking Business

Starting a Woodworking Business

What is a Woodworking?

Woodworking involves making or carving out creative, decorative and utility items from wood. If you look around you, you would be surprised at the number of things that are made from wood. From indoor woodwork like chairs, tables, bed frames, shelves and kitchen cabinets to outdoor woodwork such as sheds, fences, lawn chairs, and railings. Right from ancient civilization to the modern era, woodwork has always been a major feature in our homes and lives. That is why the demand for woodworking has always been on the high and will remain so for a long time.

Starting a Woodworking Business

Do you have woodworking skills? A lot of people pride themselves on their solid woodworking skills, but most of them never take it beyond a hobby. If that describes you, then here is your chance to convert your skills into a profitable business. There are no formal qualifications required to start a woodworking business, neither is there any need to break the bank to get started. In fact, nothing stops you but the limitation you place on yourself.

If you have been thinking about starting your woodworking business or already have plans in motion, here are some helpful tips to help you along the way.

1. You should have a business plan

Most experts recommend that a business plan should be put into place at the very beginning. However, it is also important to test the market first, making some products and putting them up for sale to see how they sell. This will help you determine the route to go with your business plan and ensure that it is a sustainable business.

2. Create a marketing plan

Once you have made and sold enough of the test products, you can map out your business plan, then start producing enough of your woodwork pieces to be sold at arts and crafts fairs, flea markets, showings and other gatherings where people go in search of great pieces for their home or gifting. You can even start a website with beautiful and digital pictures of your work on display.

3. Advertise your products

As your products start gaining some popularity, you should start advertising in local magazines, on the internet, bulletin boards in the local stores, etc. You can even make flyers and business cards that help identify the products and hand them out everywhere.

    Must Have Tools For Your Woodworking Business

    Woodworkers usually require a variety of tools to carve and create items. Some are large machine tools while others are smaller ones. Acquiring the right tools is one of the most significant aspects of the woodworking business.

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    For people who are already in the woodworking business, they might already know what tools they can handle easily, even if they are complicated to use. However, if you are just starting off in the this business, the tools you should buy would depend mostly on the kind of woodwork you will make, the amount of money you can afford to spend and the space you have in your wood shop.

    You also have the choice to adjust your woodwork according to your tools or buy your tools according to the kind of work you do.

    Here are the most important tools you need for your woodworking business: 

    • Backsaw

    • Bandsaw

    • Chainsaw

    • Clamps

    • Carpenter’s square

    • Reciprocating saw or sawzall

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    • Jigsaw

    • Circular saw

    • Portable hand drill

    • Orbital sander

    • Plunge router

    • Thickness planer

    • Table saw

    • Hammer

    • Set of chisels

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    • Mallet

    • Measuring tape

    • Saw horses

    • Work bench

    • Paint brushes

    • Band saw

    • Belt sander

    • Compound mitre saw

    • Drill press

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    • Cordless drill

    • Corded drill

    • Dust collector

    • Router

    • Air compressor and nailer

    • Bench-top mortiser

    However, if you are a beginner, you should not spend so much money on fancy tools. Try buying used tools that you will commonly use.

    Featured photo credit: Teach First Wiki via teachfirstwiki.org

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    Last Updated on May 20, 2020

    What Are Analytical Skills (And How to Strengthen Them For Success)

    What Are Analytical Skills (And How to Strengthen Them For Success)

    Everybody makes bad decisions. Some people, however, are more capable of making better decisions that inch them closer to success.

    These individuals are not ruled by emotions, desires, or hunches. Rather, they depend on their analytical skills to overcome challenges regardless of urgency or complexity.

    What Are Analytical Skills?

    According to Richards J. Heuer Jr., a former veteran of the CIA,[1]

    “Thinking analytically is a skill like carpentry or driving a car. It can be taught, it can be learned, and it can improve with practice. But unlike other skills, it is not learned by sitting in a classroom and being told how to do it. Analysts learn by doing.”

    Analytical skills can be considered as one of the critical life skills that are not taught in schools. It comprises of visualization, critical thinking, and abilities for gathering and processing information.

    Here’s a closer look at some of these abilities:

    Visualization

    Also tied to a person’s creativity, visualization is the ability to predict the possible outcomes of strategies and actions. In a professional setting, visualization involves the analysis of data – often through illustrations like charts, graphs, and detailed lists.

    Critical Thinking

    Simply put, a person’s ability to think critically can be measured by his or her consistency in creating reasonable decisions. It pertains to the ability to evaluate information, siphon what’s useful, and draw conclusions without being swayed by emotions.

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    As a critical thinker, you’ll find yourself challenging assertions and finding loopholes in proposed solutions.

    Computing

    Whether you like it or not, you need to be comfortable with numbers if you want to sharpen your analytical skills. Bear in mind that computing encompasses other skills like cost analysis, budgeting, and performing general calculations.

    In business, you need to use computations when weighing the risks and benefits of any given strategy.

    Problem-Solving

    Remember that analytical skills are used not just to understand problems, but also to develop the most suitable course or courses of action. This relates to your goal-setting skills, which involve breaking down and prioritizing between objectives.

    Resource Management

    Lastly, analytical skills involve some degree of resource management depending on the task at hand.

    For example, professionals with a tight schedule must know how to effectively manage their own time – also known as one of the most important resources in the world.

    Business leaders, on the other hand, must know how to manage company resources, including cash and manpower. Take note that the definition of analytical skills may change to match the requirements of a specific situation.

    For example, upon hiring a web developer, analytical skills may refer to the ability to determine the needs of online users, understand web analytics for optimization, and identify visual elements that can match a company’s brand.

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    The skillset above, however, should be applicable in most if not all scenarios.

    Develop Your Analytical Skills for More Growth Opportunities

    There’s no question that the right decisions lead to positive results. It doesn’t matter if you’re running a business or simply trying to climb the corporate ladder. By training your analytical skills, you position yourself for more growth opportunities while staying away from negligible actions you will regret.

    For example, you plan to launch a new startup in your local community – but struggle to decide the niche you want to enter. Since you’ve been a technophile your whole life, part of you desires to invest in a gadget store. If you’re passionate about your business, success will come – right?

    If you have sharp analytical skills, you begin to see your plans in whole new dimensions.

    What are the possible outcomes of this venture? Does the local market have a need for a new gadget store? How much do I need to get started – and how much should I sell to make a profit?

    Depending on your findings, you can determine the feasibility of your business idea without letting your emotions get in the way.

    6 Ways to Strengthen Your Analytical Skills

    There are several approaches when it comes to developing an individual’s analytical skills. For instance, psychologists agree that reading fantasy stories as a child can help sharpen critical thinking.[2]

    Research also suggests that undergoing traditional education has a positive effect on a person’s IQ and analytical skills.[3]

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    But as an adult, such opportunities to hone your analytical skills no longer apply. That’s why you need to devise a more deliberate, active approach yourself.

    Below are a few strategies to get you started:

    1. Ideate Business Ideas

    Developing a profitable business idea, whether you pursue them or not, involves numerous challenges. You need a ton of research, computations, and problem-solving to create a tangible business plan.

    You can organize your ideas with a note-taking tool like Microsoft OneNote or Evernote. Doing so will allow you to delve deeper into your analysis, organize your findings, and stay focused on roadblocks as well as how to solve them.

    2. Leverage Analytical Tools

    Aside from note-taking tools, you can also leverage other software that can help with analytical tasks. A money management app like Mint, for example, makes it easy to track your spending habits as well as manage your budget with visual tools. When it comes to prioritizing goals, you can use simple task management apps like Trello or Wunderlist.

    3. Have a Personal Learning Library

    Thanks to the internet, there’s a colossal amount of resources you can utilize to learn new skills, expand your vocabulary, and train your visualization muscles.

    Social media networks like SlideShare and YouTube, for example, offer mountains of tutorials you can access to your heart’s content.

    For a personalized learning library, you can download Instagram videos or GIFs from educational accounts like NASA Goddard and the American Mathematical Society. But if you prefer specific, technical skills, then a good place to start would be online learning platforms like Coursera, edX, and Alison.

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    4. Participate in Online Communities

    The internet is a great place to share experiences, opinions, and sometimes intellectual discussions with like-minded individuals. Reddit, for example, has a place or “subreddit” dedicated for every topic imaginable – from technology to entrepreneurship.

    For structured debates, you can head to websites like Debate.org and let other users choose the winner via votes.

    5. Seek Mental Stimulation

    To keep your mind sharp, make it a habit to engage in mentally stimulating activities, such as chess, puzzles, and brain training apps. A great resource would be Lumosity, which contains dozens of cognitive games designed by teams of scientists and game designers.

    6. Keep a Personal Journal

    Finally, keeping a personal journal allows you to take a second look at everything that happened in your day.

    Remember that writing about learning experiences lets you focus on the lesson rather than the emotion. It will help you analyze how you made your decisions, why you came to certain conclusions, and what you can do to improve in the future.

    Here’s How to Create a Habit of Writing in a Journal.

    Bottom Line

    As an adult, you are required to face a myriad of challenges on a daily basis. Work, school, business, relationships – the list goes on when it comes to the sources of life’s problems. With analytical skills, you can confront and overcome any obstacle standing between you and your goals.

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    Featured photo credit: Campaign Creators via unsplash.com

    Reference

    [1] M. S. Ramaiah University of Applied Sciences: Analytical Thinking?
    [2] KD Novelties: Why You Should Read Classic Tales to Your Children
    [3] Economic Inquiry: The Effect of Education on Cognitive Ability

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