Sounds dismal.
Originally Posted by
Martin Wasner
Haven't made it very far in the thread yet, but this is solid.
I've got over $1m invested. I burn through $20k a month before I buy a single piece of lumber, or hardware.
I am small time.
I also haven't paid myself squat this year. No jokes, (I just looked yesterday when I was doing payroll), I've made $1.82 per hour this year. The good news is I haven't capped 3000 hours yet.
I've talked to a few people about this, no way in hell would I try starting a woodworking business today.
I started on my own almost fifteen years ago with about a $10k investment. I bought a powermatic tablesaw, 6" jointer, and 15" planer. I had all of my hand tools and install tools since I had been a full time cabinet maker for five or six years already.
If I had it to do over again, I'd get a cnc and an edge bander almost right off the bat. You can pay for everything else you want with those two tools.
Scott Vroom
I started with absolutely nothing. Now, thanks to years of hard work, careful planning, and perseverance, I find I still have most of it left.