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Starting a Woodworking Business #14: Exhausted but loving it

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Blog entry by Sam Yerardi posted 1696 days ago 1454 reads 0 times favorited 5 comments Add to Favorites Watch
« Part 13: Happy Thanksgiving from 'The Ohio Craftsman' Part 14 of Starting a Woodworking Business series Part 15: Late nights »

The past week has been an exhausting week but I still love it. I spent the early part of the week installing drywall and the latter part mudding & taping. I scoped out a couple more new job prospects and I have enough work to carry me through the next couple of months. I have about 3 more weeks on the present job, and he has some more projects for next year. After that, I have a room remodel job that I have scheduled. So far I haven’t done any advertising other than word-of-mouth. The room addition for the elderly couple has been postponed until spring, but I’m building a custom chair for them and repairing some more chairs for them. Another lady has asked me to build a large entertainment center, install a couple doors (one will be a double custom door), build a wall, and tile a room for them. A woman I sang at a wedding with asked me to restore an antique dresser for her. God is answering my prayers…

I am hoping to get my building this coming week, as the weather is probably going to get worse which could delay the delivery. I’m getting more work that is quickly overwhelming my crowded shop. Things are happening at a good pace, but I’m spending a lot of time think about efficiency, and what I should sub out because I can’t be in several places at once. I have three friends that are very willing to work for me and all are retired and have a good building backgrounds so I need to get worker’s compensation, etc. set up in my business structure. I won’t be hiring them as full-time employees but for part-time work on an as-needed basis and that is fine with them.

I pray every day, and I have to admit I’ve had few moments when a bit of fear enters the picture when it sinks in that I am on my own but I haven’t looked back. I realize I would not have walked away from my previous job and taken the steps I’ve taken, but I’m glad things have worked out the way that they have. The ‘sink or swim’ aspect of this has been a deciding factor but more and more each day I am becoming more confident as a new businessman.

Still hanging in there and loving it…

-- Sam



5 comments so far

View patron's profile

patron

12961 posts in 1942 days


#1 posted 1696 days ago

if you are insured with God ,
you are in the best hands !

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

View  Box 's profile

Box

4937 posts in 1909 days


#2 posted 1696 days ago

Working for yourself is the best feeling you will have. Never let the fear of being self employed deter you because it all works out for the best if you are motivated and determined to make it last.
It is nice to be your own boss and be in charge of your own life. I will be 62 next week and have never been an employee of anyone except for a summer job while in high school. Could not imagine it any other way.

View MsDebbieP's profile

MsDebbieP

18615 posts in 2761 days


#3 posted 1695 days ago

trust the journey… “if it hasn’t worked out yet then it’s not done yet” :)
Congrats on the new projects.

-- ~ Debbie, Canada (https://www.facebook.com/DebbiePribeleENJOConsultant)

#4 posted 1695 days ago

Sam,
I sincerely hope for your well being.
Being in business for yourself is both a liberating and yet a daunting thing. I have worked both sides of that street for many years. Until I retired six years ago at age 70, I worked at jobs. Sometimes as a technician, sometimes as a desk jockey. At the same time, my wife worked in her own business, so we were, im essence, a two income family. But now, we are both working together. We have never hired employees. That road always looked too rough for us. We operate Marge’s business with no employees, doing everything ourselves. But your situation is different. You have too much to do by yourself and you shouldn’t turn business away. But tread lightly, Sam. You will encounter much more paperwork and if you hire someone to do that you’ve added to the overhead expenses once again. Insurances will be another complication. Be very carefull that these overheads don’t overwhelm your income.

All the best to you!

Don

-- Will trade wife's yarn for tools.

View Grumpy's profile

Grumpy

19319 posts in 2452 days


#5 posted 1695 days ago

Good luck with the weather & the job hunt Sam.

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

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