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Introduce Yourself to the Group!
Hi, and welcome to our group of business-minded woodworkers. I'm glad you're here, and would love to get to know you better. Please take a moment to introduce yourself to the group. - What you hope to gain as a member of this group? - What type of business are you hoping to start? - What sorts of projects do you like to build? The most successful skool group members are those that share the most. The better we get to know each other, the more likely we will find others who are walking closely down the same road. Share your struggles and victories and others will too. Remember: "The rising tide lifts all boats." Be a part of a swelling community that lifts each individual member up.
Excited yet apprehensive
Hello! Names Jason. I’m 52 married with 3 girls and 1 grandson. I have been unable to work since 2019 due to a disease called , Ménière’s disease. Anyway after fighting this whole time for disability and not getting it I decided to do what I love and start my own business. I’ve sold my work a couple of times but never really tried to push it. I have a list of blueprints I’d like to start selling, mainly river boards and charcuterie boards. I also have a bunch of military ammo crates that I’ll be turning into various things. Anyway I’m always looking for teachable moments and have read and watched a lot of videos on my niche and how to run a successful woodworking business. Long story semi short, I found you guys and am excited to learn from you all!
Back this week!
Hey all. I just want to apologize for my lack of activity here the past several weeks. Life is moving fast, and I'm just about caught up with it. What this means for you: I will begin uploading new videos this week, and I'm trying to finish up some of the supporting materials for you guys. Worksheets and such that can help you move your way through the steps from idea to making real money with your business. I've got so many things to give you, and I hope you're here for it. Let's work the business so the business can work for us! That said, if you have anything specific that you would like to see here, any questions you would like answered, any ideas you wish to explore, just post them here and I will be sure to incorporate them as I can. My goal is for you to all get out of this group exactly what you need to succeed. Let's have a great week!
Replacing your 9-5
This is everyone’s ideal situation, because having your own business allows you to make your own money. You no longer need to drain your time or energy at a company that you could care less about. Scott in your introduction, and one of the main reason you started this group, you mentioned how you tried to jump head first into your own business, but it didn’t quite work as planned… Could you tell your story, where you think you went wrong, what you learned, and honestly this is the most important question… after failing, how did you forgive yourself, how long did it take for you to be ready to try again. I ask that question because I feel most people don’t talk about the mental and emotional bandwidth that happens when you run a business.
Another Mistake to Avoid
Just like my idea to save a couple of bucks on my web domain, I had the bright idea to go shop all the bonus offers for opening bank accounts at various banks. I found one that had a $450 bonus, so I opened that account to use as my business account. (yes, I'll need to wait 90 days to get my money, but free money is free money.) How is this a mistake? Well it isn't in and of itself. The idea is fine. What is tough is transferring funds between that account and my personal account ("paying myself"). When I transfer funds from account to account WITH THE SAME INSTITUTION, the money moves instantly and I can use it as needed. But now that I have a new account at a DIFFERENT bank, the transfer is taking several days, and the funds are just "gone" - not available for use in either account until the transaction is completed. Thankfully, this hasn't caused me too many real problems (overdrafts, NSF, etc), but it certainly could. So in my attempt to get a few extra bucks for free, I have created a drag on funds available. Sure, I could learn to live with it and just account for the extra time, but when things move at the speed of business, I want to be ready to act immediately. Takeaway: Consider how one decision can impact other areas of your life and your business. Chasing the shiny object can cause otherwise well-oiled processes in your business to start rusting. Just be careful. Me? I'll likely end up closing this account and opening a separate one at my current bank - you know, AFTER they pay me my $450. 8^P
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