Why Most FAIL After Starting a Woodworking Business | 7 Reasons

Explore our website now for premium CNC files, high-quality CNC bits, and top-grade wood - unleash your creativity today! - cicworkshop.com/
==========
Ryan goes over 7 business mistakes woodworkers make that cause them to FAIL in business. Whether you are just starting out or thinking about starting a business this video can help you avoid the pitfalls and mistakes most woodworkers make.
My Favorite CNC Router Bit - amzn.to/3cFhFt7
Reason #7 - 1:07
Reason #6 - 2:57
Reason #5 - 4:15
Reason #4 - 6:24
Reason #3 - 8:08
Reason #2 - 10:38
Reason #1 - 14:40
About Cutting It Close:
Our goal is to help aspiring craftsmen do what they love for a living! Through training videos, CNC router techniques, unique projects, and practical applications, we hope to share our knowledge in the woodworking field and CNC routering.
Follow Cutting It Close on Social Media:
Facebook: / cicworkshop
Instagram: / cicworkshop
TikTok: / cicworkshop

Пікірлер: 81

  • @naptownplaya32
    @naptownplaya32 Жыл бұрын

    I know plenty of business owners that don’t work 80 hours a week and make a great living. You can in fact be successful without working excessively. Especially if you have 23 employees. Delegate, delegate, delegate!

  • @szametha
    @szametha Жыл бұрын

    I like your drive and passion for the craft. I have a business but am not as ambitious as you. Got 3 guys working for me now and that's about as many as I'm comfortable with. I have two young daughters and I can tell you: if I would still work 80 hrs a week my family would implode within a year or two. I traded personal success for time with my kids and having more balance in my relationship. On another note: I live in Europe and my initial investments were quite easy-going as there's a huge secondhand market of German and Belgian top quality cast iron machines from the sixties and seventies. I paid about 3000 bucks for my starting setup (flat/thickness planer, mortiser, tenoner, spindle moulder, panelsaw), excluding transport. My first 'machine' was also a Dewalt crosscut saw (the smallest model) 🙂 Am currently bootstrapping my way up the cnc lane and your videos proved very informative. Running a small and the largest Sorotec now on Linux with a big Swiss router bolted on to it.

  • @franciscochapa8877
    @franciscochapa8877 Жыл бұрын

    Congratulations again for many reasons but mainly for your humbleness! I've been in business for over 21 years, started with the same passion as you and 21 years later still love it like day 1! Your definitely setting a great example and the bar high for the future younger generations behind you! God bless you my man!

  • @chuckchapdelaine6110
    @chuckchapdelaine61102 жыл бұрын

    I'm an old guy...56 starting to build a wood business. Learned a great deal from you Ryan, Thanks!

  • @xanthopteryx_rsfw

    @xanthopteryx_rsfw

    Жыл бұрын

    I'm 51, exactly like you. We both could have him as a boss. Our internship! LOL Good luck!

  • @raymondreyes4244
    @raymondreyes4244 Жыл бұрын

    I beg to differ on the hours a week... there are plenty of things you can find ways to put on "automatic". As you will find out soon enough there is no replacement for time with family. I'm not saying there will not be weeks of 100 hours but for the sake of family some weeks you will have to learn to stop yourself and delegate to others. I share your feelings on all your other tips.

  • @naptownplaya32

    @naptownplaya32

    Жыл бұрын

    I agree. I’m thinking, why hire people to still work 80 hours a week. I feel like in the beginning, sure put in the work but eventually you should be trying to work less work, be more productive and delegate.

  • @bullpuppy7455

    @bullpuppy7455

    11 ай бұрын

    He employs his family. I'm sure he sees them plenty:)

  • @Lea-ww9hf
    @Lea-ww9hf2 жыл бұрын

    Your channel is the best I could find about wood working and CNC tips, thank you for sharing your knowledge

  • @cutting-it-close

    @cutting-it-close

    2 жыл бұрын

    Your welcome!

  • @JustinDepew
    @JustinDepew2 жыл бұрын

    You have a lot of passion and it's very inspiring. Keep it up! I would be interested to hear more about your products and how you decided they were the right ones to pursue.

  • @artsandcraftsmanship
    @artsandcraftsmanship2 жыл бұрын

    Solid advice as always, keep it going!

  • @MemphisCorollaS
    @MemphisCorollaS Жыл бұрын

    Cash flow management is also a leading factor in people going broke to be fair 😊 great video. Thanks

  • @NDropper
    @NDropper2 жыл бұрын

    Awesome video everything you said is spot on. Keep up the good work 👏

  • @JoshD4PREZ
    @JoshD4PREZ6 ай бұрын

    Congrats on your success and an absolutely awesome journey getting there, I was glad to hear your story & can relate to a lot of it; keep up the great work!! 👍

  • @arcone3055
    @arcone3055 Жыл бұрын

    You’re a cool dude and I wish you all the success for your cnc business.

  • @grimhizzer
    @grimhizzer2 жыл бұрын

    Thank You. Very informative.

  • @rovshennurmyrat2821
    @rovshennurmyrat282110 ай бұрын

    Thank you ❤

  • @Bart_Depestele
    @Bart_Depestele8 ай бұрын

    Nice story, guitar music and everything

  • @scottbionicnerf8727
    @scottbionicnerf8727 Жыл бұрын

    I've watched this video before, and I've left at least one comment, but I wanted a moment while I'm sitting here in my car, with another load of pallet/crate-wood from work. My shop is actually our back patio of the house we currently rent. We've rented this house for a little over 10yrs. Through recent events, God has led me back to woodworking. I don't have all the tools I would like to have, I don't even have 4walls and roof to keep things dry. As I said before, I use pallet and crate wood for my little projects that I'm pumping out as often as I can, until I run out of space to keep anymore, gonna start an LLC in the next week or 2. You should know that you're part of the enthusiasm it drives me. It's amazing to see how far you've come in 10yrs. I wish I had started sooner, but the point is that I'm started now and I'm running at steady pace. I feel God's hand on me. Keep it coming.

  • @senitacustomwoodworks9878
    @senitacustomwoodworks9878 Жыл бұрын

    Young man; I'm 20 years your senior (if I understood correctly, you're now 28) and your passion for the trade is truly inspiring! This single video caused me to subscribe to your channel. Now, let the stalking begin!😆

  • @cutting-it-close

    @cutting-it-close

    Жыл бұрын

    Just turned 27 last month!

  • @michaelc.fischer2439
    @michaelc.fischer2439 Жыл бұрын

    Amazing! What a great story! Very encouraging!🇺🇸

  • @bernz3890
    @bernz38902 жыл бұрын

    Great video and good advice for me as I'm just getting started off

  • @akivaweil5066
    @akivaweil50662 жыл бұрын

    As someone who is younger than you and recently started a woodworking business, this is certainly both helpful and inspirational!

  • @cutting-it-close

    @cutting-it-close

    2 жыл бұрын

    I hope it helps! Its a grind, you have to be an entrepreneur, salesman, economist and a craftsmen! Keep studying, reading about the industry and learn about every piece of equipment that is out there! It helps knowing what you can and cannot do and what you could be capable of in the future. IWF in Atlanta is a huge show coming up.

  • @ebie97
    @ebie97 Жыл бұрын

    Could not have said it better..... Straight to the point and said it like it is. All the things that one needs to hear especially the ego part. The ego needs to be deflated and reality needs to be be pointed out. Humble beginnings.... Salute to you

  • @cutting-it-close

    @cutting-it-close

    Жыл бұрын

    Thank you, I hope this video helps those out there wanting the help!

  • @ebie97

    @ebie97

    Жыл бұрын

    @@cutting-it-close definately helped...

  • @john848sbk1
    @john848sbk12 жыл бұрын

    GREAT video. I am a GC that started my own company 5 years ago. I love everything you said and most of this can be applied to just about any business. Only real difference in mine and yours is that cash flow isn't as big of a deal for my type of business as it is yours, but I recognize that it is absolutely crucial to a business that provides products. Wonderful stuff man. They should teach more of this in school.

  • @cutting-it-close

    @cutting-it-close

    2 жыл бұрын

    Thank you, I agree there are so many parallels in business. I doubt this video will be popular because it teaches practical knowledge and not entertainment haha

  • @john848sbk1

    @john848sbk1

    2 жыл бұрын

    @@cutting-it-close yes, well, if you applied your business rules as consistently to your youtube channel as you do your woodworking business then maybe it would be even bigger, but...I love the business side of your videos (new to your channel recently). I'd say you're killing it in real business so please, for the sake of all of us, keep teaching on your videos! Great job again and maybe I'll be able to meet you in Atlanta at the IWF this year. I live 45 mins north of the city.

  • @ChtoDelaetMaks
    @ChtoDelaetMaks Жыл бұрын

    Nice guy. Your video tutorials are very motivating and helpful. I hope you will make new videos for this channel.

  • @damonbeddingfield2958
    @damonbeddingfield2958 Жыл бұрын

    Great video man thx for your information and time spent educating us. I would like to know how you got your foot in the door with making money woodworking as far as your first few customers, what you made and when you knew that it was possible to woodwork full time. Thx again for your content.

  • @Cadaverine1990
    @Cadaverine1990 Жыл бұрын

    The getting stuck with lumber when something falls through is a business policy. Most legitimate people have no trouble providing 25% up front for materials.

  • @mitcherkert1751
    @mitcherkert175111 ай бұрын

    As a fellow entrepreneur, I can totally understand your trials and errors. Stay the course and work your a## off is delifinatly the special sause😂😂😂!!!! Thanks for your inspiring story.

  • @BobBob-eh5sb
    @BobBob-eh5sb Жыл бұрын

    Very cool story. You are indeed the American Dream realized. Love your energy and drive. Wish more young people would do what needs to be done to make something of themselves and not so many that just want their student loans paid off.

  • @3zan6bel9
    @3zan6bel9 Жыл бұрын

    inspiring

  • @ry1oh
    @ry1oh10 ай бұрын

    I would be curious to see how you book matched that live edge table top. Can you do that on a CNC?

  • @Rob-vi9vr
    @Rob-vi9vr Жыл бұрын

    Communication and be able to share your passion ideology to your employees aswell is importance

  • @albertmeneses3132
    @albertmeneses3132 Жыл бұрын

    I’m saving this video for my kids homeschool education.

  • @CMDR_Elizium51RA
    @CMDR_Elizium51RA Жыл бұрын

    Fantastic video. I'm more of a "one project at a time" woodworker, although I do generate income from it but I'm fortunate to be in a position where I don't need the income, it's just fun for me. Regardless, it was fascinating to hear all of your perspectives and of course I looked your company up. I hope for continued growth and success for you! Thanks for sharing your journey!

  • @baldeagleApiaries
    @baldeagleApiaries11 ай бұрын

    Do you have a video of your early products for beginners?

  • @chriskitzman3994
    @chriskitzman3994 Жыл бұрын

    thanks for the video , I have no customer yet but, I have a full time job and I work on projects on the side , I have a passion for wood working and I pray to succeed in my efforts,also I have most of the tools , I also have a Harbor Freight 12 in double bevel sliding combo saw but as cheap $125 item it's not the most accurate cut, I have to adjust alot.

  • @cutting-it-close

    @cutting-it-close

    Жыл бұрын

    I started everything with a 10 inch harbor freight miter, that was my very first piece of equipment. It needs to cut accurate enough to make your first $1000 in sales so you can buy a Dewalt 12” sliding miter. Should be very easy with that Harbor Freight saw to do that!

  • @rikityrik
    @rikityrik Жыл бұрын

    Great video, thanks for the inspiration and drive.👍 Congrats to you and your fiance also.💒

  • @joehanika
    @joehanika Жыл бұрын

    For those thinking they "need" to work 80 hours a week, please take a step back and consider why you are working so much and if it is affecting relationships. Your mindset will hopefully change when/if you and your wife have kids!

  • @williamsridgestudio3127

    @williamsridgestudio3127

    Жыл бұрын

    What's important in your life and how do you define success? My wife and I have two son's that we could not be prouder of, and that can only be accomplished by being there. When you are young like Ryan, the investment of time early on will provide the ability to shift your focus to what really matters later on, when you have a family that requires your nourishment as well as the security you can provide. I think he's done a marvelous job investing early on by doing the 80 hour weeks when he did not have people depending on him. Now, let's hope that he has the wisdom to understand what matters most and reallocate time where it's needed.

  • @joehanika

    @joehanika

    Жыл бұрын

    @@williamsridgestudio3127 I could not agree more. I wish I focused more on my business when I was younger.

  • @jeremysumpter8939

    @jeremysumpter8939

    Жыл бұрын

    From 19 to 29 I worked 80 to 100 hours a week, 7 days. Once in a blue moon id have half a Sunday for life. Was it worth the stress, physical damage to myself, ruined relationships? No 👎

  • @joehanika

    @joehanika

    Жыл бұрын

    @@jeremysumpter8939 I got about 2 years of it. It is unfortunate people do that , and think they HAVE to to do that. There are sacrifices for sure, but hate to see a things fall apart.

  • @CMDR_Elizium51RA

    @CMDR_Elizium51RA

    Жыл бұрын

    Speaking as someone who has owned multiple successful businesses in my life, this "you don't have to work this hard" mentality is one of a crappy employee, not a business owner. If you want to build something? To succeed on your own? You're going to have to work hard, very hard. I laugh when people I meet describe some business they want to own because it will afford them this lifestyle of vacations, wealth and just living the good life. Building your own business into a success requires determination, work ethic, tireless dedication and even then there is no guarantee of success. Some are born to lead and some to follow. If you want to lead, you'd better be prepared to work hard for it.

  • @uwishpal
    @uwishpal7 ай бұрын

    Anyone know how to see what he makes? Is there a website I’m missing?

  • @picturesfromtheworld208
    @picturesfromtheworld208 Жыл бұрын

    Mate, I have started my business in a bedroom. All hand tools!

  • @4everBeng
    @4everBeng2 жыл бұрын

    Awesome dude! Keep up the good work. I would like to suggest a video! Maybe a video about how to make sales and where to post what you do for people to see it?

  • @cutting-it-close

    @cutting-it-close

    2 жыл бұрын

    Good idea! I’ll have to do something like that soon

  • @martinoamello3017
    @martinoamello3017 Жыл бұрын

    I'm still working close to 80 hours, but I'm 63 so I'm at the age I'm probably not going to manage 20 people anymore. I took on a partner about half my age. He's got a young, pretty wife and a young child at home so I work very hard because I want to see him succeed. I've probably got maybe another 10 years of work before I drop over from it, but I can help him grow and pass along the knowledge I've acquired over my lifetime of working like a dog..

  • @royalecrafts6252
    @royalecrafts6252 Жыл бұрын

    you have to understand what YOUR type of customer wants, you can be a please all customer type business or a very specific type of customer business

  • @robintaylor-mockingeemill8223
    @robintaylor-mockingeemill8223 Жыл бұрын

    Just curious why you would not move the old machines along to another person .

  • @mattlehnardt783
    @mattlehnardt7833 ай бұрын

    these videos aren't so much woodworking business as business in general. could be plumbing, could be cement, could be..anything that makes real products. you could write a great book/ video course combining all this info into The American Bootstraper: "Hey, you DID build that!" book/video course.

  • @cutting-it-close

    @cutting-it-close

    3 ай бұрын

    Currently working on a course!

  • @johncorrigan5975
    @johncorrigan5975 Жыл бұрын

    Hi, great little video. appreciate your perspective on starting out. wondering if you would be interested in selling those laguna cnc"s that you started out with? looking to get into cnc market to bring in some cash to allow me to make the higher end handmade furniture that i'm interested in. lmk ok? thanks again for posting what i consider a very informative video.

  • @cutting-it-close

    @cutting-it-close

    Жыл бұрын

    They are still in use! So not for sale as of now.

  • @MG6Makes1776
    @MG6Makes1776 Жыл бұрын

    Good stuff. Once you master Lean and Lean Thinking, start learning how to scale your business. It is unnecessary to work 80-100 hours a week. I avg. about 30 and make a little under a half mil. But my business is a knowledge business, consulting.

  • @JK-zq9vw
    @JK-zq9vw Жыл бұрын

    I doubt you will see this so I might try to reach out another, but I was wondering if I could ask you a couple questions. Not a shop owner and never will be unfortunately. I’m trying to use woodworking as a mental health therapy and could use some advice on a couple things. Any chance I could send you an email or something?

  • @jtr789310
    @jtr789310 Жыл бұрын

    You are showing the tools but not the product, it the sales of the product like you said that make all the difference. 25 years ago Artcam was $9,000 Master Cam was $22,000 and a CNC was the cost of buying a house. Cad and CNC started to change the business 25 years go.It only been the last 12 years that CNC have been affordable for the small shop. Back in 1995 I had to go to 5 different software to do the things I wanted to do and have a CNC built that ran on steper that ran at the fastest 80 inch a minute. Spend every hour hand caving. Feel lucky you got into it when you did 10 years ago. It was hard has hell 25 years ago trying to do what you are doing today. Cad save my business then came the CNC .2000 we had to deal with China slave labor it killed most everyone furniture business 25 years ago.I give you a lot of credit you have done well but you only no half the business.

  • @michaelpfistner5820
    @michaelpfistner58202 жыл бұрын

    Did you go out to local business and be your own salesman or was all your stuff online? Did you do your own social media or did you hire someone? One more thing should be mentioned about why a business will fail....TAXES!!! When you start getting paid for your work and see all this money, it's easy to just keep going and think about the next machine or fixing the car or something on the house. You will get in real deep, real fast. Every dollar you make, put aside minimum of $.30 because if you don't, it will be alot more down the road.

  • @godbornbeing4121
    @godbornbeing4121 Жыл бұрын

    I love your bro❤🪚⚒🪓

  • @torowazup1
    @torowazup12 жыл бұрын

    👍🏼👍🏼👍🏼👍🏼👍🏼👌🏼😎

  • @jokubasarturas6695
    @jokubasarturas66958 ай бұрын

    Volume not very good!

  • @liveoakwoodworx3967
    @liveoakwoodworx39672 жыл бұрын

    at 1:09, you misspelled business.

  • @allenbartman2346
    @allenbartman2346 Жыл бұрын

    Rule #8 Cocaine....

  • @zachgoestoeuro
    @zachgoestoeuro Жыл бұрын

    Imagine spending 80-100 hours a week instead to find Christ.

  • @EileenTheCr0w

    @EileenTheCr0w

    Жыл бұрын

    He's not that hard to find. Get a bible and go to church one hour a week instead. lol

  • @bullpuppy7455

    @bullpuppy7455

    11 ай бұрын

    Matthew 25:40 - "The King will reply, 'Truly I tell you, whatever you did for one of the least of these brothers and sisters of mine, you did for me.'" Matthew 25:45 - "He will reply, 'Truly I tell you, whatever you did not do for one of the least of these, you did not do for me.'" It's pretty straight forward - You find Christ simply by treating others equally, and with Love. Or you reject Christ by embracing your Ego (the Devil) and seeing yourself as 'better' than others. So what is there exactly that requires 80-100 hours a week to find? This young man is sharing his knowledge and experience. I think he's on the right path.

  • @xN0v1Kx
    @xN0v1Kx Жыл бұрын

    Yet you made $500,000 in first two years?