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Entrepreneurship

How He Started a $60K/Month Woodworking Business [Video]

Angel City Woodshop has grown to an average revenue of $60,000 a month making custom woodworking projects at their workshop in downtown Los Angeles. We’ll learn how founder Paul Moorhead built such a profitable woodworking business in this episode. This video has been sponsored by Tailor Brands. Get your LLC with Tailor Brands: https://tailorbrands.go2cloud.org/SH8wFor a limited time, you can also get 20% off Tailor Brands plans using the code upflip20 https://tailorbrands.go2cloud.org/SH96*Discount not valid on LLC Paul didn’t set out to make furniture. Like many, he moved to Los Angeles to pursue a career in the entertainment industry. He’d always been drawn to working with his hands, and he soon found a new way to be creative: making furniture. After starting off with woodworking projects for friends and family, he established his shop and hasn’t looked back. Of course, starting a business is never easy. Paul lived in his wood working studio for two years while he built his business, sometimes working all-nighters and 100-hour weeks to finish projects. We’ll find out how Paul kept himself going through those busy times and how that effort has paid off in the form of revenue growth and success. Today, Paul has a team of craftsmen in his shop, and they take on projects that don’t just require artistic vision but also engineering, 3D modeling, and other advanced skills. We’ll find out how Paul built and trained his team to ensure consistent quality across his woodworking projects. He’ll also share the systems and tools they use to design and build the unique custom furniture their customers come to them for. If you’re looking for more advice about how to start a woodworking shop, check out our past interviews: How Blacktail Studio Rakes in $15K/Month Doing This! https://www.youtube.com/watch?v=DPrnE7MHTRc How to Start a $30K/Month Woodworking Business https://www.youtube.com/watch?v=dTByJCFsr4kResourceshttps://www.angelcitywoodshop.com/ – Learn more about Angel City Woodshop on their websitehttps://www.upflip.com/podcast – Hear more interviews with business owners on the UpFlip podcasthttps://www.upflip.com/blog/how-to-start-a-woodworking-business – Step-by-step guide on starting a woodworking businessTimestamps:00:00 – START00:38 – Intro to Paul and Angel City Woodshop01:13 – Story behind the shop02:03 – Cost to start 04:02 – #1 factor in his success05:22 – Skills you need to succeed06:37 – Low points as a business owner08:41 – How to attract customers with little marketing09:56 – Hardest part of starting a woodshop11:20 – Tailor Brands Sponsor12:36 – Attracting early customers13:54 – Profitability and consistency of revenue14:51 – Online presence15:56 – Tools and equipment17:08 – Workflow management systems and tools18:46 – Fan blitz20:42 – Commercial vs. residential 22:14 – Walkthrough of key equipment24:19 – Day-to-day as an owner26:02 – Hiring and training team members26:58 – Profit margins and costs per project28:01 – Good month vs. bad month28:52 – What to look for in employees29:57 – Deciding what wood to use31:21 – How to delegate tasks32:19 – Why woodshops fail#woodworking #woodworkingprojects #woodworkingbusiness

Categories
Entrepreneurship

we DUMPED our promising Military careers [Video]

➡️ Run a business? Join the Stud Stack: http://www.studstack.net➡️ WAKE UP WITH US! Watch the Morning Show: https://www.twitch.tv/jennieanddavisThis video highlights our journey as entrepreneurs from the military. Originally, we wanted to leave the Air Force in pursuit of different careers, but once our business took off and started making money woodworking for a living, we ditched our dead-end careers and it’s been such an incredible journey. We’ve been truly blessed to have these experiences and to grow in starting a business. It’s been one of the most satisfying leaps of faith we’ve ever taken.00:00 Flat Tire Morning =(00:38 We’re scared…00:59 Our new opportunity!01:31 Why it’s OK to take a risk2:00 Our CRAZY career path03:05 The furniture business we started on accident04:02 How our Media business grew on YouTube04:35 The SCARIEST question we ever asked…05:03 Then we got an exciting Email…06:40 Our secret DREAM JOB called07:40 How the interview went with our DREAM JOBS07:57 But what about our businesses?08:15 This was life changing.08:28 What we decided to do08:49 Where are the businesses now?09:30 The BIGGEST challenge for us ahead10:13 How will we measure success in our business?11:00 But only time will tell what happens.Thanks so much for watching – subscribe and try out our channel for a few days! Buy our scrap wood! [USA-only]https://www.samaratableco.com/product-page/boxoscrapFan Mail:Jennie and Davis8524 Hwy 6 NBox 533Houston, TX 77095Find us on IG:https://www.instagram.com/jennieanddavisOur Blog:https://www.jennieanddavis.com/blogThe appearance of U.S. Department of Defense (DoD) visual information does not imply or constitute DoD endorsement.Air Force-related Media Inquiries Email:403wg.pa2@us.af.mil#StudStack #FollowYourFears #WoodworkingBusiness #Woodworking #SideHustle #Business #Furniture #Money #Maker #Project #DIY #DIYIdeas

Categories
Entrepreneurship

Should you work with your spouse? Our advice 5 years and 4 businesses later… [Video]

➡️ Our community for Makers who run a business: http://www.studstack.net➡️ LIVE Morning Show EVERY Weekday at 7am CT: http://www.twitch.tv/jennieanddavisThis video is about our business journey as we’ve started 4 businesses together as spouse husband and wife working together. We’ve found a lot of helpful strategies for working together and starting businesses with a partner. In this video, we answer YOUR questions and share our stories and experiences in how we’ve managed to build 3 successful businesses from home (we only failed starting a business once… and in here we talk about it!)00:00 Intro00:10 How far we’ve come! (the old garage)00:50 The new shop and office space!01:30 The 4 Businesses We’ve Started Together02:15 We’ve seen (almost) everything02:58 Part 1 – Our Biggest Lessons03:27 Setting Boundaries Between Work and Life05:18 Spend Time With Other Business Owners!!!06:00 Why people don’t take you seriously when starting a business06:44 Our first entrepreneurial friends REALLY helped07:08 Why making friends in business is so hard…07:38 How we made friends while running a business08:00 Studstack.net08:18 Part 2 – Working with your Spouse08:34 You will see a totally different version of your spouse09:15 The BEST way to get your spouse to help10:35 What Davis struggled with (and how Jennie helped)11:23 The most rewarding part of working with your spouse11:48 Who wants this business more?12:50 How Davis killed the website business13:39 Jennie makes tea because this was exhausting to film13:53 How to use your differences as an ASSET!15:21 The trashiest advice in this video…15:32 Fighting with your spouse is HEALTHY!!! DO IT MORE!16:20 The BIGGEST FIGHT we’ve had in our new business…18:00 Setting GOALS and Work/Life STRATEGIES!Thanks so much for watching – subscribe and try out our channel for a few days! Buy our scrap wood! [USA-only]https://www.samaratableco.com/product-page/boxoscrapFan Mail:Jennie and Davis9212 Fry Road Suite 105 Box 197Cypress, Texas 77433Find us on IG:https://www.instagram.com/jennieanddavisOur Blog:https://www.jennieanddavis.com/blogMusic by:Jaylon Ashaun – Stick to the Plan – https://thmatc.co/?l=6AFC9F7DThe appearance of U.S. Department of Defense (DoD) visual information does not imply or constitute DoD endorsement.Air Force-related Media Inquiries Email:403wg.pa2@us.af.mil#StudStack #FollowYourFears #WoodworkingBusiness #Woodworking #SideHustle #Business #Furniture #Money #Maker #Project #DIY #DIYIdeas

Categories
Entrepreneurship

Why Most FAIL After Starting a Woodworking Business | 7 Reasons [Video]

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 – https://amzn.to/3cFhFt7Reason #7 – 1:07Reason #6 – 2:57Reason #5 – 4:15Reason #4 – 6:24Reason #3 – 8:08Reason #2 – 10:38Reason #1 – 14:40My Favorite Wood Filler / Crack Repair – https://www.starbond.com/?rfsn=5289265.e7c52e5About Cuttin It Close:Founded in 2020 Cuttin It Close is the educational platform of Drapela Works we look to provide value and insight on various wood-related projects and techniques. 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 Cuttin It Close/Drapela Works on Social Media:Facebook: https://www.facebook.com/drapelawoodworksInstagram: https://www.instagram.com/drapelaworks

Categories
Entrepreneurship

5 Tips for Teens Starting a Business! (and other young people) [Video]

Want more?Join a community of Makers who run a business:http://www.studstack.netOur programs help you make money as a Maker:https://www.jennieanddavis.com/programs/Check out our podcast!https://youtube.com/channel/UCb-5HCjPW3o4j5NKgDVOvuQhttps://www.letsquitpodcast.com/Thanks so much for watching – subscribe and try out our channel for a few days! Will you be our newest friends? Read the blog post on this project: https://www.jennieanddavis.com/post/5-sales-tips-for-young-peopleWe’re Jennie and Davis. We love watching people grow. That includes you! Join us as we learn to build a furniture business. We want to help people dominate their fears and weaknesses. You can learn from our mistakes ;)Find us on IG:https://www.instagram.com/jennieanddavisOur Blog:https://www.jennieanddavis.com/blogMusic by:Jaylon Ashaun – Stick to the Plan – https://thmatc.co/?l=6AFC9F7DAFFILIATE LINKS to things we LOVETrack Saw:https://amzn.to/2ObJ4VTFuji Sprayer:https://amzn.to/2HEyDZZFastcap Lefty/Righty Tape Measure:https://amzn.to/2W7QkEXCamera Gear:Main Cam:https://amzn.to/2u9Ua4NMain Lens:https://amzn.to/2ualOhUMicrophone:https://amzn.to/2O8z005The appearance of U.S. Department of Defense (DoD) visual information does not imply or constitute DoD endorsement.#Woodworking #SideHustle #Business #Furniture #Money #Maker #Project #DIY #DIYIdeas