woodworking: 6 ways to ensure business success
TRANSCRIPT
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Woodworking: 6 Ways to Build Business Success
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Turning your passion for woodworking into a profitable business is hard work.
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But there are ways to make sure success is always in the cards. Here’s what you need to do:
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Think Positive!
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Attitude is, perhaps, the most integral part of ensuring your own success.
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So, make an effort to think positively about your business prospects and the potential for success in the future.
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Plan for Success!
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A good chunk of your success as a pro woodworker is going to come from your ability to make plans.
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Business plans, Product plans, Marketing plans, Five year plans
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By the end of it all, you may very well be up to your neck in plans. But keep in mind that a solid is the road map to success.
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Build Your Business Savvy!
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Your road map to success should also include setting time aside to actually prepare for it.
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Learn everything you can about the business by:
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Enrolling in business courses, Learning to communicate and negotiate with customers, Studying the masters of the woodworking business
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Think Like a Business Pro!
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Sure, woodworking is your hobby. But once your begin taking clients (and money), it must also become your business.
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If your goal is to live comfortably and profitably, then adopting a business mentality is essential.
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Know the Market
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Part of your job as a business owner is to know your market. Ask yourself:
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What products are most likely to sell? What products are my competitors having success with? How should I price my products compared to the competition?
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Answering questions like these will help you identify the challenges that you need to overcome as well as guide you in your planning process.
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Get a Jump on Marketing
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No one’s going to know about your business unless you put yourself, your brand, and your message out there.
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You can do this by: Building a website, Distributing business cards, posting flyers, teaching locals how to master woodworking
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The more you get your name and face out there, the easier it should be to bring in business.
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