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Turning your woodworking hobby into a business

Have you always been a woodwork enthusiast? Do you take great delight in crafting something from scratch, taking the time to produce a piece of work you can be truly proud of? Perhaps now is the time to turn your hobby into a business

As the famous saying goes: do what you love, and you’ll never work a day in your life. And why couldn’t this apply to you? Carpentry is a noble profession and it might be that you’re thinking about taking your hobby a little more seriously in a bid to turn it into a money-making venture. However, before taking that step, there are a few key questions you might want to consider. 

What will you make? 

Have you thought carefully about the type of pieces you want to create? It could be small ornamental objects or larger items of furniture such as tables and chairs. Of course, what you produce will depend on your current skillset. If you want to progress towards bigger or more intricate pieces but do not yet feel sufficiently confident, it might pay to get some extra practice and experience first. 

Do you have the necessary tools for the job? 

Of course, a carpenter is only as good as their tools, and you need to be sure you have everything you need before taking any orders. Your inventory should range from basic items such as saws, chisels, sandpaper and hammers to heavy-duty machinery such as belt sanders, lathes and worktop drills. 

Do you have the space? 

When it comes to creating a business plan, it’s important to have a vision of the challenges you may face in the future. If, for example, your intention is to at some stage create larger items, you’ll need a big enough workshop within which to operate. This will have to be sufficiently sizeable to hold all your tools and materials and provide enough room for manoeuvre. Purchasing or hiring a unit will incur an expense, so you’ll need to factor that into your planning. 

How will you market your products? 

Your marketing strategy will depend on how big you want your business to be. If, for example, you’re happy to remain local and sell within your community, word of mouth may be sufficient to gain enough trade. But when it comes to looking further afield, you might want to set up a website and open social media accounts to show off your wares. 

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