Why Most FAIL After Starting a Woodworking Business | 7 Reasons

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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.

Reason #7 - 1:07
Reason #6 - 2:57
Reason #5 - 4:15
Reason #4 - 6:24
Reason #3 - 8:08
Reason #2 - 10:38
Reason #1 - 14:40

About Cutting It Close:
Our goal is to help aspiring craftsmen do what they love for a living! Through training videos, CNC router techniques, unique projects, and practical applications, we hope to share our knowledge in the woodworking field and CNC routering.

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[chuckchapdelaine]

I'm an old guy...56 starting to build a wood business. Learned a great deal from you Ryan, Thanks!

[szametha]

I like your drive and passion for the craft. I have a business but am not as ambitious as you. Got 3 guys working for me now and that's about as many as I'm comfortable with. I have two young daughters and I can tell you: if I would still work 80 hrs a week my family would implode within a year or two. I traded personal success for time with my kids and having more balance in my relationship. On another note: I live in Europe and my initial investments were quite easy-going as there's a huge secondhand market of German and Belgian top quality cast iron machines from the sixties and seventies. I paid about 3000 bucks for my starting setup (flat/thickness planer, mortiser, tenoner, spindle moulder, panelsaw), excluding transport. My first 'machine' was also a Dewalt crosscut saw (the smallest model) 🙂 Am currently bootstrapping my way up the cnc lane and your videos proved very informative. Running a small and the largest Sorotec now on Linux with a big Swiss router bolted on to it.

[franciscochapa]

Congratulations again for many reasons but mainly for your humbleness! I've been in business for over 21 years, started with the same passion as you and 21 years later still love it like day 1! Your definitely setting a great example and the bar high for the future younger generations behind you! God bless you my man!

[naptownplaya]

I know plenty of business owners that don’t work 80 hours a week and make a great living. You can in fact be successful without working excessively. Especially if you have 23 employees. Delegate, delegate, delegate!

[Lea-wwhf]

Your channel is the best I could find about wood working and CNC tips, thank you for sharing your knowledge

[ebie]

Could not have said it Straight to the point and said it like it is. All the things that one needs to hear especially the ego part. The ego needs to be deflated and reality needs to be be pointed out. Humble beginnings.... Salute to you

[senitacustomwoodworks]

Young man; I'm 20 years your senior (if I understood correctly, you're now 28) and your passion for the trade is truly inspiring! This single video caused me to subscribe to your channel. Now, let the stalking begin!😆

[scottbionicnerf]

I've watched this video before, and I've left at least one comment, but I wanted a moment while I'm sitting here in my car, with another load of pallet/crate-wood from work. My shop is actually our back patio of the house we currently rent. We've rented this house for a little over 10yrs. Through recent events, God has led me back to woodworking. I don't have all the tools I would like to have, I don't even have 4walls and roof to keep things dry. As I said before, I use pallet and crate wood for my little projects that I'm pumping out as often as I can, until I run out of space to keep anymore, gonna start an LLC in the next week or 2. You should know that you're part of the enthusiasm it drives me. It's amazing to see how far you've come in 10yrs. I wish I had started sooner, but the point is that I'm started now and I'm running at steady pace. I feel God's hand on me. Keep it coming.

[JustinDepew]

You have a lot of passion and it's very inspiring. Keep it up! I would be interested to hear more about your products and how you decided they were the right ones to pursue.

[arcone]

You’re a cool dude and I wish you all the success for your cnc business.

[JoshDPREZ]

Congrats on your success and an absolutely awesome journey getting there, I was glad to hear your story & can relate to a lot of it; keep up the great work!! 👍

[johnsbk]

GREAT video. I am a GC that started my own company 5 years ago. I love everything you said and most of this can be applied to just about any business. Only real difference in mine and yours is that cash flow isn't as big of a deal for my type of business as it is yours, but I recognize that it is absolutely crucial to a business that provides products. Wonderful stuff man. They should teach more of this in school.

[ryoh]

I would be curious to see how you book matched that live edge table top. Can you do that on a CNC?

[akivaweil]

As someone who is younger than you and recently started a woodworking business, this is certainly both helpful and inspirational!

[MemphisCorollaS]

Cash flow management is also a leading factor in people going broke to be fair 😊 great video. Thanks

[raymondreyes]

I beg to differ on the hours a week... there are plenty of things you can find ways to put on "automatic". As you will find out soon enough there is no replacement for time with family. I'm not saying there will not be weeks of 100 hours but for the sake of family some weeks you will have to learn to stop yourself and delegate to others. I share your feelings on all your other tips.

[Rob-vivr]

Communication and be able to share your passion ideology to your employees aswell is importance

[baldeagleApiaries]

Do you have a video of your early products for beginners?

[ChtoDelaetMaks]

Nice guy. Your video tutorials are very motivating and helpful. I hope you will make new videos for this channel.

[NDropper]

Awesome video everything you said is spot on. Keep up the good work 👏