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Starting a Woodworking Business #12: More work & I'M A GRANDPA!!!

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Blog entry by Sam Yerardi posted 11-17-2009 02:41 AM 1226 reads 0 times favorited 21 comments Add to Favorites Watch
« Part 11: A very good week for me Part 12 of Starting a Woodworking Business series Part 13: Happy Thanksgiving from 'The Ohio Craftsman' »

This past weekend was amazing! I’d been busy all week and Friday my mom calls me (she’s 86) and said her dog had been hit by a car. The local vet didn’t feel comfortable doing the operation it needed so I drove it to the Ohio State University vet hospital 2 hours away. They operated, and the dog is going to be ok. I was up all night and when I got home at 7:30 in the morning, I went to bed. My wife called me from work and said our daughter and son in law were on their way to the hospital. It was time. I got ready and went to the hospital and about 12 hours later, became a grandfather for the first time!! Mommy and baby are doing fine. God is amazing…

This past week, I finished up roughing in the plumbing for the room addition job I’d been working on. The drywall wouldn’t be delivered for another day so I had time to go work on another job for another customer. This second customer had orignally asked me to repair some furniture, which I did, but the conversation with them has led to a lot of other new work! Some of it is furniture and some of it is remodeling. While I was there I did a small plumbing job for them. In my last blog I mentioned that they talked about expanding their bathroom upstairs and creating a laundry room. They have decided to add and addition to the house and have asked me to do the job, as well as upgrade their plumbing from galvanized to CPVC and copper. It will be a big job for me. They are not in a hurry and will wait until I am ready, as I told them I had another job I’ve quoted across the highway from the one I’m working on right now. They still want me to build the chair I suggested, and amazingly, they want me to build a 3/4 size curio cabinet to match their existing (but very large) one. They also want four more chairs repaired…

My sister and her husband (at the other end of the state) have asked me to come up in a couple weeks and wire their new addition, design and build a pantry cabinet, and an island. I will do the wiring over a three day weekend, and build the other cabinets and take them back up.

I got all of the groundwork done for my shop, and have ordered the Amish building and it supposed to be delivered in about 2-3 weeks. I wish I had had the time to build it myself, but with the work I’m being blessed with, I want to focus all my efforts in that direction. I need to have a tree cut down and the site will be ready for them to deliver the building. I’ve held off advertsing cabinet worl yet until the building is in place.

I am talking to an accountant tomorrow at 3 and my lawyer on Friday, both for the first time. I also got the contractor registration paoperwork from the local city engineering department nearby to allow me to do contractor work in the city. I had previously enquired about whether or not I had to have a license, and the city engineering department said for residential work I could do both plumbing and electrical work without a license, but that I will have to be registered as a contractor. I called my insurance agent today and am getting both business insurance and bonding which will satisfay the city’s requirements for a contractor. The city was very helpful and made me feel encouraged.

Things are moving much faster than I imagined and my head is spinning a bit so I am trying to stay on top of things so that I keep moving in the right direction.

Tomorrow I am back at the first job to continue on the drywall work.

Still distilling it and loving it…

-- Sam



21 comments so far

View j_olsen's profile

j_olsen

155 posts in 1828 days


#1 posted 11-17-2009 03:12 AM

Congrats grand dad—I remember the feeling when my first came along 19months ago and then the second was 7 months ago—enjoy the little one and remember you get to spoil and send home!!!

-- Jeff - Bell Buckle, TN

View patron's profile

patron

13034 posts in 1998 days


#2 posted 11-17-2009 03:19 AM

great news sam , congratulations on being a grandad ,
and on your new work and dream .
God has indeed blessed you ,
take it slow and get to know your new world .
as the work increases , you will be thankful
for the step by step lessons .

i’m happy for you .

-- david - only thru kindness can this world be whole . If we don't succeed we run the risk of failure. Dan Quayle

View Sam Yerardi's profile

Sam Yerardi

244 posts in 2552 days


#3 posted 11-17-2009 05:17 AM

thanks jeff – and congrats to you, too

david
thank you… i’m definitely trying to take it a step at a time. I always tell everyone that you eat an elephant one bite at a time…

-- Sam

View Scott Bryan's profile

Scott Bryan

27251 posts in 2479 days


#4 posted 11-17-2009 05:28 AM

Congratulations, Sam. It sounds like things are going well for you and enjoy the new grandbaby. Just remember there is rule that the word NO does not belong in a grandparent’s vocabulary. That is strictly reserved for parents.

-- Challenges are what make life interesting; overcoming them is what makes life meaningful- Joshua Marine

View Scott Bryan's profile

Scott Bryan

27251 posts in 2479 days


#5 posted 11-17-2009 05:28 AM

Congratulations, Sam. It sounds like things are going well for you and enjoy the new grandbaby. Just remember there is rule that the word NO does not belong in a grandparent’s vocabulary. That is strictly reserved for parents.

-- Challenges are what make life interesting; overcoming them is what makes life meaningful- Joshua Marine

View grizzman's profile

grizzman

7014 posts in 1960 days


#6 posted 11-17-2009 06:08 AM

all sounds terrific sam…im so happy for you and getting all this work is wonderful…glad things are going well…truely a time to be thankful…especialy with you being a new grandparent…that is the cherry on top…..go forward in faith….

-- GRIZZMAN ...[''''']

View Todd A. Clippinger's profile

Todd A. Clippinger

8780 posts in 2756 days


#7 posted 11-17-2009 06:08 AM

Congrats Grandpa!

I find it hard to believe that they will allow you to do plumbing and electrical. There was no code enforcement for residential where I was working in Ohio, but my insurance would drop me if they found out that I was performing electrical or plumbing. About the only thing that I can get away with is removing and installing light fixtures and removing plumbing fixtures for demo without getting into trouble with the insurance company.

At $400 per month for insurance I can’t risk it.

-- Todd A. Clippinger, Montana, http://americancraftsmanworkshop.com

View a1Jim's profile

a1Jim

112103 posts in 2234 days


#8 posted 11-17-2009 07:08 AM

Congrats on all counts Sam

-- http://artisticwoodstudio.com Custom furniture

View Sam Yerardi's profile

Sam Yerardi

244 posts in 2552 days


#9 posted 11-17-2009 08:23 PM

Thanks guys!!

Todd,
I couldn’t believe it either. I double-checked with the state and local building departments. The state said their only licensing requirement is for commercial work, not residential, and that the local municipalities determine what is required for them. Locally, for residential work, as license is not required unless I do commercial work. All that they require is to be registered as a contractor, which mandates bonding and insurance up to $300,000 liability. I checked with my insurance company yesterday and bonding is $100/year and business insurance for remodeling is $450/year ($1,000,000 liability and theft coverage).

-- Sam

View OhValleyWoodandWool's profile

OhValleyWoodandWool

969 posts in 1777 days


#10 posted 11-17-2009 11:12 PM

Wow Sam! Exciting times. Have fun with that grand baby!!

Doug

-- "All you need in this life is ignorance and confidence, and then Success is sure." Mark Twain

View Todd A. Clippinger's profile

Todd A. Clippinger

8780 posts in 2756 days


#11 posted 11-18-2009 02:06 AM

What about the insurance company? For me it is not only code enforcement but I am more afraid of the insurance company. I am already getting hit pretty hard from them.

I noticed that for what my brother in Ohio had covered, he got way more covered than me for the money and we both were carrying $1,000,000 liability. He had heavy equipment, more vehicles, and trailers and only paid a little more than me.

I have no liability claims either.

-- Todd A. Clippinger, Montana, http://americancraftsmanworkshop.com

View reggiek's profile

reggiek

2240 posts in 1927 days


#12 posted 11-18-2009 02:23 AM

Great to hear Sam….good for you….and congratulations to your daughter and son in law on the new family addition…..and of course to grandpa.

Keep busy….one thing I have always seen in this industry…..feast and famine….I can’t count how many times I’ve had more work than I could ever handle….only to watch it dry up to where I am almost begging for any kind of job to do….

I’d have to agree with Todd on the insurance issue….being in business in CA you need more insurance then you can imagine….they say there are more lawyers here then any other state….and that is most likely true. I have been very lucky….a combination of diligence….and pure good luck….in that I have never had any bond or other negligence related claims in over 40+ years in this industry….but that does not translate to reducing my premiums by much….the only instances of seeing lawyers and courts has been when we have had to go after non payers….or when a sub breaches his contract …(I always recommend that you negotiate these problems away if possible…once the lawyers and courts get them….the costs and the headaches escalate beyond reason).

Make sure you get contracts for all your work….and always keep good communication with your customer…most of the guys I see getting sued are because they did not communicate to their customer or too their subs…..

-- Woodworking.....My small slice of heaven!

View Sam Yerardi's profile

Sam Yerardi

244 posts in 2552 days


#13 posted 11-18-2009 03:59 AM

Thanks guys! The insurance company I am dealing with has been in business here for more than 60 years, and I have my home & personal insurance with them. Todd- I agree with you completely on being suspect of insurance companies. I actually have a very bad taste in my mouth from them (one of the ‘most respected’ insurance companies in the state of Ohio is just below a crooked used-car salesman in my experience – another story). All I can do is make decision based on what the town says the requirements are and what one of the reputable insurance companies in the area tells me what they offer and how it satisfies those requirements. Beyond that, I’ve learned that when things go into a court room, nothing seems to make sense or be fair. I have an appointment Friday with my attorney so I will discuss the insurance with him (he’s a business and insurance lawyer) also.
I met with an accountant today and got his input on structuring the business and setting up an accounting format for my business. He uses QuickBooks and recommended that I start with the Pro version instead of the contractor version. He asked some very pointed questions about my business plan and I realized in telling him about it that with everything going on, I still don’t have a focus (business-wise) or where I want the business to be in say 5 years. It made me realize that bit by bit, I am straying a bit from my original direction, but I indicated to him that I want to provide custom work, do the installs, and provide that custom service to the area contractors and remodelers. I also talked to him about the production items, and that I am still working on them, but for now I have to go where the money is and he agreed given what the market is. My son in law told me this evening about his sister wanting me to do some remodeling for her, so as long as it keeps coming in and it is in the same vein I have to pursue it. If for no other reason, it is paying some bills and allowing me to get some needed tools.

-- Sam

View Grumpy's profile

Grumpy

19468 posts in 2508 days


#14 posted 11-18-2009 04:49 AM

Congrats Sam.

-- Grumpy - "Always look on the bright side of life"- Monty Python

View Todd A. Clippinger's profile

Todd A. Clippinger

8780 posts in 2756 days


#15 posted 11-18-2009 05:25 AM

I can’t argue with having to go where the money is. I do the same thing.

When you look at my portfolio, remember that I am a self-sufficient contractor and it has got me into some dream jobs.

I do some work for a few contractors once in a while, but I rely on me bringing in my own business. The benefit of this is that I am in control. If you are a sub then the general is in control.

You are operating more like me and there is nothing wrong with that. Usually when I work for other contractors it is in the capacity of a fireman, I am always putting out fires that other subs have started. I seem to be the final person to call when they can’t get things right.

-- Todd A. Clippinger, Montana, http://americancraftsmanworkshop.com

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