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Headed in for Business Plan Assistance

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Blog entry by Mark A. DeCou posted 02-07-2007 04:17 PM 854 reads 1 time favorited 7 comments Add to Favorites Watch

This afternoon I have an appointment with a professor at the University who volunteers his help with the Center for Entreprenuership assisting people with their business plans. I’m not sure what to expect, whether it will be great input, or a waste of time, but I am willing to see what I can learn from him.

My business plan is a long winded document, as you might imagine, and basically it can be boiled down to this:

“Build it & they will buy it”
“Teach it & they will pay to learn it”
“Write it & they will pay to read it”

The document doesn’t really look like other business plans, in that I am not seeking a business loan from a bank. It will be interesting to see what I learn at the meeting.

I’ll let you know what I learn, as there is a growing group of people that ask me questions about making their woodworking hobby into a full, or part-time business venture, and I know they will be interested to see what the Professor has to say. Who knows, I may come out of the meeting this afternoon as a dry-waller, looking for a job, or on some other path.

Take Care,
Mark

-- Mark DeCou - American Contemporary Craft Artisan - www.decoustudio.com



7 comments so far

View Obi's profile

Obi

2213 posts in 3697 days


#1 posted 02-07-2007 04:57 PM

Drywaller … yeah, right.

View frank's profile

frank

1492 posts in 3666 days


#2 posted 02-07-2007 05:01 PM

Hi Mark;
—-by the way, I was talking yesterday about a ‘broadaxe’ and Dick brought it to my attention that I might ask you about a ‘CNC Broardaxe’. I was thinking that in your recent jaunt to the Wood Working Show you might have recieved some new news about this new tool coming out. I guess I’ll be needing to start learning how to CNC Broadaxe, since Dennis already has me suited up and ready to go in an official “woodcrafters full body splinter protection suit with clean air supply and internet hookup”.

Mark, I’ve only just getting started having fun with woodworking!!! And so I would like to add one more to your list:
My business plan is a long winded document, as you might imagine, and basically it can be boiled down to this:

“Build it & they will buy it”
“Teach it & they will pay to learn it”
“Write it & they will pay to read it”

....what about; ”If you dress the part, they will come and pay to watch you play
GODSPEED,
Frank

-- --frank, NH, http://rusticwoodart.tumblr.com/

View Mark A. DeCou's profile

Mark A. DeCou

2008 posts in 3865 days


#3 posted 02-07-2007 05:28 PM

Actually Obi: I made more per hour doing drywall work than anything I have ever done. Still not as much as an Attorney or a Used Car Salesman makes, but they have to deal with their stereotypes. Money aside, I don’t want to do drywalling again, ever.

Frank: I did see a sweet looking mobile Mill that would be nice to have. It wasn’t CNC operated, but it was small enough to do the type of logs that a man could move around by himself with a pole. The track layed right on the ground, so all you would have to do is roll the log up over one angle bar track and then start cutting. Still, it wouldn’t have the hand-hewn broad axe look you are able to achieve.

Tell me more about the “Dressing”. Maybe you could make that the topic of a blog, as I would love to hear more from you on that subject.

-- Mark DeCou - American Contemporary Craft Artisan - www.decoustudio.com

View Obi's profile

Obi

2213 posts in 3697 days


#4 posted 02-07-2007 05:38 PM

I made more money as a sider in the Carpenter’s Union @ $24.76 per hour. But then the contractor went bankrupt, and I was out of a job. This is just a full-time hobby in which I get paid money. It might be my only income, but I think I’ll keep practicing til I get good-er at it. And then sell the business and move my shop to the Bahama’s or Autrallia, where i can work all day long and think about the beautiful beaches that i wont have time to go see.

View Bill's profile

Bill

2579 posts in 3621 days


#5 posted 02-07-2007 07:16 PM

That would about sum up my plan Mark, if I wrote it down. Alas, I seem to have gotten lazy about doing that since leaving the corporate world last year. Perhaps a rebellion against the paper machine?

Those are nice dreams Michael. My dream is simply to make a comfortable living off of my woodworking. Now if I can find some more customers, that would definitely help.

-- Bill, Turlock California, http://www.brookswoodworks.com

View Dick, & Barb Cain's profile

Dick, & Barb Cain

8693 posts in 3759 days


#6 posted 02-07-2007 07:27 PM

Mark.
I have the feeling your going to get a positive feed back, once he sees your accomplishments.

-- -** You are never to old to set another goal or to dream a new dream ****************** Dick, & Barb Cain, Hibbing, MN. http://www.woodcarvingillustrated.com/gallery/member.php?uid=3627&protype=1

View Don's profile

Don

2603 posts in 3637 days


#7 posted 02-07-2007 11:58 PM

Well, I’d be cautious about taking advice from an academic who probably doesn’t have an entrepreneurial fiber in his body, and whose tenure probably mean he has never had to risk it in the real world.

Obi, here is one of my favorite beaches, Gippsland Ninety Mile Beach at Lakes Entrance, a few hours from where I live. As the name implies, this beach runs for an unbroken ninety miles. It’s not unusual to vist this beach and see not a soul.

-- CanuckDon "I just love small wooden boxes!" http://www.dpb-photos.com/

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