#YoungWoodPro

This month we’re going to talk about something that is necessary if you plan on having a woodworking business. Cash flow or access to cash is the most essential thing to a growing and surviving business.
I’m not going to talk about all the intricacies and economic terms for general business practice and cash flow. There’s already a lot of stuff on the Internet you can look into for that. I’m going to cover a more simplified version applying specifically to running a small woodworking business.
I’m doing so to make it easier for you to start to wrap your mind around it as a Young Wood Pro. This is a big part of the great endeavor you are taking on and something you have to look at. I break it down into three main aspects of deposit/price, production time, and overhead.
The #YoungWoodPro competition from Woodworking Network recognizes outstanding projects and the young wood pros that create them. This year's contest is sponsored by Grizzly Industrial, and you can see their whole line of products at Grizzly.com.
What kind of topics would you like to hear about from a professional woodworker's shop? Power tools? Finishing? Design? You pick. Let us know in the comments or email Matt directly with your thoughts at [e-mail].
Matt Buell is a custom woodworker and furniture designer that owns and operates M Buell Design in Fayetteville, Arkansas.
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