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2014 in review, hard but going in the right direction.

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Forum topic by Monte Pittman posted 01-01-2015 12:45 PM 1620 views 0 times favorited 33 replies Add to Favorites Watch
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Monte Pittman

22033 posts in 1804 days


01-01-2015 12:45 PM

Topic tags/keywords: humor resource tip

One year ago I was coming from what I considered to be a rough year. But I felt that the future looked bright. Well of course January 20th a bright future seemed lost with the loss of my shop.

My goal going into the year was to have a 50% increase in my business. At that point, it seemed not only impossible, but could I have the stomach to basically start again from scratch. Actually, with my family heritage, quitting really wasn’t an option. But because of financial complications from my recent divorce, I got none of the insurance money from the fire. So everything was just scraping enough together to buy a few tools to work with. Make a few projects to earn some money to buy a few more tools.

One thing I did have in my favor was customers. Although I had to turn down a few projects, I had as much work as I was capable of handling. Through the course of the year, I got a new tablesaw and found some deals on many other tools. There are a couple other things that I want, but I am pretty much fully functional now. My plan is to start building a new shop in the spring.

Right now my focus is on my biggest show of the year. I had to miss it last year. I believe that was the main reason for not reaching my goal. It’s a 10 day show from the end of January through the 1st week of February. I am putting together my best display ever (as I see it).

Business wise, I feel I had a fantastic year. Of course on the tax forms you figure your profit/loss statement and all of the other forms. But sometimes it is good personally to see the basic information. How much did I make versus how much I spent. I personally was thrilled that after buying many tools and a pickup (only $3500 for the truck), I only fell short $147 of breaking even. I did have my biggest sales year ever.

My goals for this year? It will be helped by the fact of having help for the first time ever.

My 1st goal is to generate my biggest year ever. With the winter show coming and being able to have 3 stores displaying my products, I believe it’s a real possibility.

My 2nd goal is to rebuild the shop. Small attached garage is very limiting.

The 3rd goal is to finish replacing my tools that are needed for maximum efficiency. Successful small businesses many times have to work smarter as well as harder than corporations.

Today I mark my 3rd year of being on Lumberjocks. As I say on my website, I am a very proud member of this community. The knowledge I have gained here is priceless. I only hope that I can help others here as well.

For all of those who read this, please share your woodworking goals for the year. Whether it’s your first project, or maybe you finally make the Maloof rocking chair that you want (hint…Andy).

Best wishes to everyone, I hope 2015 will be great for woodworkers everywhere.

Thanks for reading.

-- Mother Nature created it, I just assemble it.


33 replies so far

View Brent Golden's profile

Brent Golden

151 posts in 3287 days


#1 posted 01-01-2015 01:26 PM

Full speed ahead, Monte…...............good going!!!!!!!!!!

-- Brent Golden www.intarsiaonthebay.com

View DIYaholic's profile

DIYaholic

19180 posts in 2141 days


#2 posted 01-01-2015 01:52 PM

Congrats to you, Monte.
On so many fronts….
I hope that 2015 is all that you want it to be & then some!!!

My WW goals for 2015….
Besides, actually having the time and motivation to spend in “The Lair”....
Is to complete a few projects, working IN my shop….
As opposed to just working ON my shop.

-- Randy-- I may not be good...but I am slow! If good things come to those who wait.... Why is procrastination a bad thing?

View Doe's profile

Doe

1313 posts in 2296 days


#3 posted 01-01-2015 01:53 PM

For all the awful in 2014, it turned out to be pretty good for you! Happy new year and best wishes for a prosperous 2015.

-- Mother Nature talks, I try to listen

View jjw5858's profile

jjw5858

1132 posts in 2068 days


#4 posted 01-01-2015 02:12 PM

With your amazing talents and craftsmanship Monte, I have all the confidence in the world that you will have your best year ever!

My main goal regarding woodworking is to learn more and embrace the electric as well as the old school.
I thank you for your inspiration and support, all the best Monte, keep up the great work!

Happy and healthy New Year!

Joe

-- "Always continue to learn, laugh and share!" JJW

View gfadvm's profile

gfadvm

14940 posts in 2156 days


#5 posted 01-01-2015 02:13 PM

Monte, You continue to be an inspiration to all of us with your work ethic and ‘never say die attitude’! Wishing you and Elena a Happy and Prosperous New Year.

I’ve sold all my rocker wood but it is still on my wish list.

-- " I'll try to be nicer, if you'll try to be smarter" gfadvm

View boxcarmarty's profile

boxcarmarty

13522 posts in 1826 days


#6 posted 01-01-2015 02:25 PM

You’re well on your way Monte, keep charging forward. You are an inspiration to us all…..

-- My mind is like lighting, one brilliant flash, then its gone.....

View TZH's profile

TZH

526 posts in 2606 days


#7 posted 01-01-2015 02:26 PM

Happy New Year – it looks to be onward and upward for you from this point forward. We could all take a few lessons from you and your don’t ever give up attitude. Best to you in the coming year and all those that follow.

-- Where The Spirit In Wood Lives On

View Hammerthumb's profile

Hammerthumb

2533 posts in 1441 days


#8 posted 01-01-2015 02:39 PM

Great to see the motivation and drive still burning bright. Still rooting for you Monte!

-- Paul, Las Vegas

View bowtie's profile

bowtie

974 posts in 1812 days


#9 posted 01-01-2015 02:47 PM

Monte what you have accomplished this year is amazing.
Best of luck in 2015.
Are you woodworking fulltime now?

-- bowtie,.....jus passin thru....

View Buckethead's profile

Buckethead

3140 posts in 1334 days


#10 posted 01-01-2015 02:58 PM

Everyone at LJ is undoubtedly rooting for your success, Monte. Happy New year!

-- Support woodworking hand models. Buy me a sawstop.

View jaykaypur's profile

jaykaypur

4006 posts in 1874 days


#11 posted 01-01-2015 03:21 PM

When one door in life slams shut on you, others open up. You, my friend, are a survivor. I would never ever count you out. Good luck, good health, and good blessing to you and yours in this new year. I have learned a lot from you over the years and a lot of it wasn’t woodworking!

-- Use it up, Wear it out --------------- Make it do, Or do without!

View Roger's profile

Roger

19881 posts in 2270 days


#12 posted 01-01-2015 03:31 PM

You’re amazing Monte. Full speed ahead. Work/Play safe. Keep makin all that awesome stuff.

-- Roger from KY. Work/Play/Travel Safe. Keep your dust collector fed. Kentuk55@yahoo.com

View HillbillyShooter's profile

HillbillyShooter

5811 posts in 1758 days


#13 posted 01-01-2015 03:44 PM

Great story of determination and will power in the true American tradition! I have doubt you will achieve every one of your goals and even surpass them. Thank you for sharing your story—we can all find inspiration in your spirit.

-- John C. -- "Firearms are second only to the Constitution in importance; they are the peoples' liberty's teeth." George Washington

View Arlin Eastman's profile

Arlin Eastman

3557 posts in 2027 days


#14 posted 01-01-2015 03:54 PM

Goodness Monte

If I know about this I would have gave you some tools I have extra of. What do you need now?

-- Please help me help other Vets click..> http://www.gofundme.com/m1abko.....It is always the right time, to do the right thing.

View longgone's profile

longgone

5688 posts in 2774 days


#15 posted 01-01-2015 04:30 PM

Hey Monte…

You have proven what I have always believed…when a person wants to accomplish something and is motivated enough and has the determination it can and will be accomplished…No excuses…! You are definitely doing this.
2015 will be a fantastic year…..

showing 1 through 15 of 33 replies

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