There is one huge trick to working in a smaller shop. Mine is 14 X 28.
What is the trick? DON'T BE A SLOB
I do not own a jointer or planer anymore. Have no need of them. And no, I am not a hand tool guy. I have a TS, router table, 16 inch drum sander, radial arm saw, mini mill and a cnc router that will cut 3 X 4 feet.
The jointer bit the dust when I discovered that I could do the same thing on a table saw only much easier and without fiddling with setting knives. I use an 8 foot aluminum extrusion for a fence. With a wixey gage the edge comes out dead perpendicular. The planer left when I figured out that I had no need to plane 8 foot long boards. Most projects I do are broken down into smaller pieces before they flattened and squared up. The cnc router does a great job of flattening one side and it will also thickness precisely. Would I run a production shop that way? Oh heck no.
Oh yea, in my little itty bitty space I also have room for a small desk.