In addition to all the great advice everyone else has offered I would add just a couple of additional things as to why woodworkers fail in business:
1. They sell themselves to cheap
2. They lack business knowledge
Having a great accountant will help in these areas and forums like LJ are a priceless tool!
I have been doing this part time now for about a year and oh what I have learned!!! Had I of jumped in feet first I am sure it would have been extremly hard, falling back on a day job has made it much easier.
Here’s an ok article on what not to do
http://www.woodweb.com/knowledge_base/The_Top_7_Mistakes.html
My thought? Better to have and tried and failed than never to have tried at all:)
Good luck!
RJ
-- http://rjoneswoodworks.com/
