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I have been considering trying to open a small cabinet shop. Is it really possible to make a decent living at this. I am self taught, and I currently earn about $40,000 a year. My job is ending in about 4 years so I thought I could take that time to get my feet wet. I am very curious about suppliers(melamine, plywood, etc.) and I have also been reading many books on the subject. I appreciate any advice anyone has. Thanks.
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Kim?
*dont do it unless you love it.Be willing to work longer hours for less.Have lots of money for cashflow.That pretty muc my thoughts about the first year or two. good luck Boyd
*Bran. A small wood working business is not a business you get into to get rich. There is good money to be made, but not while you're a one-man-shop. Start by learning the business on someone elses dime by working and apprenticing for a good wood working business in your area. This can also be a great way to start building a clientele on the side. I'd suggest you get a subscription to CabinetMaker magazine before you launch your venture and do some research. Their web site is http://www.cabinetmag.com. They have published numerous articles showing what it takes to be successful. You can also ask questions at my site http://www.workingbetter.com. Those that have been successful, myself included, have all built our businesses on some sort of niche market. You need to go through the same planning steps any businessman would for any type of business. Start by assessing your own strengths and weaknesses. Check out what the competition is already offering. Try to find an unserved or underserved niche, and determine if you can succeed there. If you find that there is an opportunity available and you can serve it, then you need to start creating a business plan. Good luck.
*ive watch many start cabinet shops and watched most fail in 18 yrs of cabinet making.its a tuff business. you have to be very competitive to stay afloat.you have to stay afloat a few yrs just to build clientel.working countless hrs just to make your morgage.you have to have a woodworkers heart to make it.set up for a production shop is expensive.best advise i can give you is start a home shop on the side, if you get that busy in time, youll know if you want this full time.i watched a grown man cry once just from the stress.
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