Why You're NOT Making Money Woodworking | 7 Business Tips
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These 7 strategies will help you grow your woodworking business and take it to the next level. Find out what mistakes are costing you and how to fix them. These tips are something I wish I would have known early on. These steps are easy to follow and learn. Ryan goes over practical woodworking knowledge from industry professionals and personal experience. I hope you are better off as a woodworking business after this video!
My Favorite CNC Router Bit - amzn.to/3cFhFt7
#1 Not Focusing On A Niche - 1:00
#2 Death by Choices - 3:54
#3 Not Understanding Your Market - 7:27
#4 Not Writing Plans - 9:13
#5 Making What You Think is Cool - 11:01
#6 Focusing on the Wrong Details - 12:17
#7 Saying Yes to Everyone - 15:05
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Пікірлер: 355
Balancing perfection vs time spent is a daily battle. Also learned to never point out a flaw. All projects have flaws. 99.99% of the people will ever notice it.
@emaddarawsheh7420
Жыл бұрын
Amen
@poleguy4857
Жыл бұрын
*never ;)
Love this book! kzread.infoUgkxpCNxqmAkyjN6NPx1fyB7QiEFWyO5mUWL it is simply one-of-a-kind! I really love it, because karah explained all tools required to have the job done, not mentioning the fabulous diy pallets ideas. I'm pretty sure this will be a fresh start in my new endeavour. Amazon was great, they delivered on time. Thank you!
Finally someone who cuts to the chase with the real problems instead of marketing strategies and business lingo. I haven't seen anybody else talk about the difference between what a customer wants and what we think is cool or "done with integrity" etc. Thanks for your insight and sharing your own mistakes - It makes me feel much better about some of my ideas.
@royalecrafts6252
Жыл бұрын
Marketing and business strategy is 50% of the process, if you cant market it to the right audience, forget about selling anything
I wish I had seen this many ,many years ago. Most of these mistakes, I see everyday where I work now. Have been in production woodworking for 35 years. I will be 55 in June and I'm finally going to try it on my own. I totally agree with concentrating on a niche market and having your shop setups dedicated to that market. Thank you Ryan for your words of wisdom. You seem very knowledgeable, beyond your years. Congrats on your success.
@JohnDoe-jc3cl
11 ай бұрын
Ron Russell I’ve made ALL these mistakes too. Still making them. That’s why I’m here trying to change. I checked back at his face, he looks about 25-30 Very wise for that age. Trying to specialize/ assembly line idea is the key. And asking the customer what they want/ how much effort spent on the project is a big time saver
Perfection of explanation. It's 1:14 am right now and I've been surfin all over KZread on how to start my woodworking business. This was the last video I was going to watch before going to sleep. I am thankful I was able to watch this video. A lot of great tips. I'm always doing so many different projects and can'r stick to one. Now it's 1:17 am. Good night. :)
Excellent points 👍 Needlessly over-complicating things happens all too often. Years ago I worked with a company that was doing stair systems for large residential construction tracts. Cherry was one of their high end options. Quality Control was driving them crazy because someone (probably a perfectionist) installed 16 foot long all heart cherry handrails in their models. No problem for one stair system but try to do replicate in 1000 homes! Understandably, homeowners expected the same. After a few years of frustration, someone had the brilliant idea to put heart/sap Cherry handrails in the new models. Made their lives exponentially easier, sold it for the same price and never got a complaint. True story!
I’ve been self employed since 2003 and I can say that you hit a lot of the key points right on the head. Great topic.
I honestly wish I would have found you 2 years ago! But probably wouldn't have listened. I have started watching your videos just this morning. This is the fourth one, I believe. Honestly, I could cry, this hit home on so many levels, I am so overly critical of my work. I also have such a hard time saying no, for exactly the reasons you said, yes I can make it, but everything has to stop and because of then the perfection kicks in, I end up spending hours, days, if not weeks designing, redesigning, painting, or staining, then to think I know this can look better, so I go at it again. Ugh, it's killing me and my potential business. I also have this overwhelming need to please everyone, and if they then become critical (which most don't, because lets face it, its practically perfect before I allow them to even view it lol) but its the fear of them being disappointed. I am going to make a recording to play on a loop and signs posted everywhere to hold back and protect my yes's and that I don't have to sand or stain to my ideals of perfection. Literally, just this past week, last minute, I made a personalized family recipe cutting board for my husbands family reunion on the 4th, to be auctioned off (we all donate different items for prizes, bingo, etc, then auction certain items to raise money for those games, expenses.,....I had already made two other cutting boards, with the agreement Id add a monogram if they wanted. I had originally just planned to make the recipe board for my MIL as a gift, but when she learned of this, she asked if I could make one for the auction, if it wasn't too much trouble. Of course I agree, no trouble at all! Lord! But now it wasn't just going to my mil, it was up for anyone, I had to make sure it was gorgeous! Long story, longer, I missed the entire reunion, got there last minute to watch fireworks, and for last item of auction/drawing... it was cut earlier that morning, but just before my husband took it down, I looked at it again, and realized it hadn't been sanded again,, and that one of the recipes was just below the line of the grove I had added (how did I miss that?! exhaustion, that's how.... Therefore I spent the remaining day trying to fix, re-cut, and of course trying to do other items, I thought I could add to improve, or do more of, etc. Now this is way tmi, but I just wanted to thank you so much for this, and hopefully your video reaches others earlier in their journey than mine. Should they additionally read my comment, learn such a valuable lesson, I wish I had watched this particular video last Saturday! I wish I would walk away from trying to be perfect and that it's ok to say no and to spend time with your family!!! We care way more about things than most customers. Bless you Ryan for such helpful and appreciated advice! This old lady is gonna try her best to take! I wish you continued success in all areas of your life!
@cutting-it-close
11 ай бұрын
Thank you so much for sharing this!
@sherrithompson7574
11 ай бұрын
@@cutting-it-close thank you! just a little funny note to the recipe board story, I have requests to make 3 more of the same recipe board from the 4th. The "fixed" file has disappeared and I can only find the one with the mistake! So do I cut it with the last line not moved up, or fixed or should I just cut it the way it is? Ok let's not get crazy here! Let's just say I am a work in process, I have to fix that line!!!! LOL but I will only be giving a light final sanding! LOL baby steps, right?! Keep those video's coming, you definitely have a new follower/fan! Have a good weekend, take it off and enjoy!
As a 30 year veteran in the industry, I can say that you are dead on target. A good compliment to this is to understand and embrace lean principles. A good first step for someone taking this advice would be to throw stuff at the wall, see what sticks, leverage #3 (understand your market), and make these principles a lifestyle.
Man, you summed it up for me perfectly. Most days I'm going 100mph and wheels are spinning. Projects all over the place with no efficiency and not profitable. Great advice all around.
You are right about every single thing you said. I just keep making miscellaneous stuff and giving it all away to friends and family. Can't ever say no.
This is so important for anyone making the transition from a dream to a reality in business. Not just a hobby, woodworking, to a woodshop business, but everyone. The businesses I think of while listening are many of Gordon Ramsay's and other TV show chefs' restaurants that get rescued on TV. One exceptional thing that stands out too often is large menu selections. So many businesses have menus up to 11 pages long on TV. If you were to write down MacDonald's menu, would it be 8 or more pages long? No. Neither would my favorite steak house with $35 Chicken Dinner as a lowest priced meal. 4 pages or less. As to cutting boards. Just think. You batch out 40 large. In comes an order for 22 small. You cut off 1 inch in width, 4 inches in length, and rechamfer 2 edges, and off you go.
It took me 30 years in wood working to figure these out! Where were you in my high school shop class? This was very wise advice I wish my dad had taught but had to learn on my own. Thanks for this.
Man this hits home. I built my woodshop a little over a year ago. Ive watched basically all of your videos, and enjoy and learn from them all, but this one really spoke to me. Out of the 7 mistakes you listed, this year i have been and am currently making all 7 lol. Thanks for putting this and your other stuff out there Ryan. You are one of the only ones, maybe the only one, making videos that pertain to industrial level woodshop cnc. As an IS408 owner for a year now, and learning it all from scratch on my own, i always look forward to watching your new videos, and even go back and watch some of the older ones 2 and 3 times to learn about chip loads and the various bits. So thanks.
I have already shared this video to people who have nothing to do with woodworking just because those advises apply in any business. Well thought video with very good points. I am happy to admit we are on the same page in all of those points. Enjoyable to watch as always. Keep up the good work. Thanks for sharing!
Glad I found this. Very helpful as I’m venturing out and turning my side hustle into a more legitimate business. But I realize I have to find my niche, streamline, and become much more efficient. Everything you explained. Thank you for taking time to give advice to new starters like myself.
Great advice! I just scaled up and move into a real shop and I sure as hell have learned these lessons the hard way. It really helps to hear it from an outside source like yourself! Thanks!
A lot of what you said, I already knew and or felt as a woodworker, but hearing it from someone else really put it into perspective. Thank you for sharing your knowledge!!
Found you by looking for something specific to educate myself. However the more I watch you the more sense your words make for whatever I had planned. Keep up the good videos, very easy to listen to you. Thanks
Man these points are really relatable. Probably one of the best video on this topic that I’ve found on YT. Great job, keep on with these!
@carlosroman586
3 жыл бұрын
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You are talking about woodworking but these rules are easily applicable to so many industries. Thank you so much for speaking about your experiences so clearly and presenting your helpful and much needed ideas. You're brilliant!🙂
I was breaking about 2-3 of these. And I see what I need to do change my marketing strategy. Thanks for this great, great video!!
Thank you very much! It's a big deal to share your real experience! You are the best! Keep doing what you do. I wish you more clients for your interesting and creative and expensive works ;) Best regards from Ukraine!
thanks for the advise it got me thinking cheers.
This is great wisdom. Thanks for sharing. It all makes sense. Doesn’t mean you still can’t do some one off custom stuff and even have it remain a hobby. But niche down and create an efficient system - and I’m thinking the money will follow. Cut down on the variables. Love this!
I really enjoyed this vid. I'm a handyman now but grew up in a terrific cabinet shop that is mine now. I'm looking to turn my love of creating into a biz, and I just today decided to go for it. this vid was right on time.
Love it, thank you!
Thank you really made me think about a couple things that were not intuitively obvious.
Thanks, very helpful info.
Great video! Thanks! Everything you talk about makes perfect sense. Some may disagree. But I, who has spent 40+ yrs as business tax consultant, with a BS Degree in business, former Revenue Officer, find that this falls into the common sense of business management. In my semi-retirement I enjoy making crafts and woodworking. But I need to return to the old lessons learned to make something of this. Your points are spot on. Congratulations! I am returning to the basics I learned in college so many yrs ago. Great job!!
I really needed this advice. Thanks
Great information that gets right to the point. Thank you!
Awesome advice! I just spent the summer insulating my workshop so that I can work in warmth all year. Now that the snow is flying I'm enjoying refining my skills. I will definitely put your advice to some use. Thanks from Sarah in southern Ontario, Canada.
@bernardkinsky1637
2 жыл бұрын
I had to move my shop because of the noise the router made.
Great info for any business!
Good stuff, I absolutely agree.
Ty soooooo much for the info
Great talk and well thought out advice!!!!
Thanks Man, really helpful tips
Brilliant points and really well presented.
Common sense and the benefit of hind sight. I appreciate your sharing with us.
Another great video for beginner and apply to almost all businesses. Better have detailed ideas about the background of the work. Keep up the good work mate.
First video I’ve watched of yours but definitely helped if I can personally stick to it, that’s on me though. Appreciate the insight. Got my subscription. I’m in the process of selling the same table I’ve made a base for now 3 times, and spent a lot of time looking back at those builds trying to figure out exactly how I built it previously
Very helpful words of wisdom!
These are brilliant business tips for ANY industry. Brilliant.
great points. Good luck with your future videos.
THANK YOU!
Realy a eye opener thanks
Great video bud. Solid tips.
Good advice. Thank you
Great vid!
so,so,so,so,so, much true. THX A LOT!!!
Wow! Great information, thank you for sharing.
I've enjoyed this video. I would personally like to see a video on Rule #1. I think I fall in this category. But #4 was a definite for me. I'm glad you included this because I was wondering if I was wasting my time on this. However... I kinda knew the answer. I have done enough pieces now that people will ask for one and it's already sold. They ask if I can build another and usually the answer is yes.... but it won't be just like it. So I've started writing down plans. And taking notes. I use Trello to track things so I have a handy way to pull up my notes and pics to match.
Thanks that really helps and yes I’m all over the place making different items for different people, it’s doing my head in, No More! Cheers
👍🏽 great advice and enthusiasm! Thx for sharing.
Excellent advice. Thank you for posting.
This is incredible information
Great video, respect
Best advice I've seen on this topic! Please do more videos on profitability!
Couldn’t of said it any better myself. I find myself telling new upcoming Woodworkers the same thing. I must say I’m very envious of your Shop Sabre. I wish I had invested in one a few years ago.
Great overview and advice! Thanks for sharing.
Great video man. Subscribed from Dallas!
Thank you , lots of good advice !
100% Good advice!
This is a great video. Thank you🙏
Intelligent advice! ThankYou Bro
Great info thank you!!
Thank you Sir. Good advice
Great advice. Thanks
Great video, I think your advice does help. I tend to want to build everything under the sun for people when they ask for something built.
Yep.....excellent advice.
Thankyou for these tips
great words of advice - thanks for the honesty
Excellent advice, well said!
Very good info and I really needed to hear!!!!
great advice!
Great advice, thank you.
Great points.
Good stuff man!
Good lessons learnt here, the niche not to focus much on details understand the market don't do everything and say no to what doesn't pay thank you.
#7.1 - Don't do "freebies" for friends. The only word that get's out is you will do things for free. Great video, thank you!
Thank you for this man ! Great tips !
Very informative - appreciate the help man
@cutting-it-close
2 жыл бұрын
No problem 👍
This is an outstanding presentation. You really tie all relevant facts together nicely. SUBSCRIBED!!!!!
This is all true. I have found that when I step out of my niche for a customer it doesn't work out for me. I always have problems. Even something as changing the sizes of my projects from the norm creates problems. I make about 10 different projects and I always do runs, never a one off piece. If I have to set up my tools for one piece I might as well make 10 or 100 so I don't have to set up again.
This video was spot on! Appreciate the info 👌🏽
These are very helpful, thank you for sharing your knowledge
Thank you, thank you, thank you for this. This will help me focus so much better!
NIce video. Best regards, hoping to see more :)
Круто! Прям все по полкам разложил) большое спасибо чувак! Буду делать именно так, не отступая от всех 7 пунктов
I am happy to say I follow this strategy to the T. It's crazy to hear it outloud when I never thought about it. Follow this man's advice, and you will be successful.
Great video and advice man! Really appreciate it. I’m subscribing😉
Thanks a lot, we can talk in 2022 God willingly. Definitely goin to follow your advise.
I live about 3000 miles from you. With all the points you made, I live inches from you. Everything you have said I have done and still do. Great video. Thanks from sunny London. Not London Texas to where I once visited.
Yeah this was very informative, I was probably going to end up frustrated because I wanted to do too many different types projects. Think I'm going to shrink it to two small products that don't take long to make and go from there. The other things can be my hobby once business is booming. Thank you.
You are amazing. Love what you have to say. God bless you. Keep up the great work and thank you.
Great video, and excellent tips... I tell ya though if you're going for the "mid-west, cornfed, straight of the wrestling mat" look.... you nailed it!
Great Informative Video, blessing to hear another pro emphasize the factors of this business
Great video!
Great video, thank you for sharing your experience and thus saving my money. Best regards from Czech Republic.
@jarvolf
3 жыл бұрын
@@cutting-it-close No kidding! In Czech it would be "Drápela". I had a chance to spend one year in the US 20 years ago (Montana, South Carolina) and it was a great experience. I hope to come back some time. Anyway, thanks for the great channel. I am looking forward to your next videos.
@ginb1598
3 жыл бұрын
Cheers for the video content! Excuse me for the intrusion, I am interested in your initial thoughts. Have you ever tried - Proutklarton Money plant Plan (search on google)? It is a smashing one off product for learning how to make a massive income by launching your own internet business minus the hard work. Ive heard some interesting things about it and my old buddy Taylor after a lifetime of fighting got great success with it.