Woodworking can be a profitable business. As with any business, the key to starting up and successfully operating a woodworking business depends on having the appropriate tools necessary to the woodworking business. Whether you're making furniture, signs or carving figurines, having a place to operate your business and the tools to make your product will increase the odds of your success from the start.
Whether you need a business license depends upon the size of your business, how you operate and your particular states laws. If you operate your business commercially, out of a commercial building, you will need to acquire a state business license. If your primary source of income is from flea markets and fairs, you may not.
Find ample space to set up a woodworking shop. The shop should be well ventilated for painting your wood projects, have plenty of outlets for operating your power tools, plenty of storage space, plus room to work. If you will work with larger tools, such as a lathe for turning furniture, you'll need to figure that into the size of your shop. A pegboard hanging on the wall can be ideal for keeping your frequently used tools accessible and out of the way.
Carving knives, a chainsaw, power carvers, chisels, saws, paint, varnish, paint brushes, sandpaper and a work bench are some of the tools you will need. For working on large furniture pieces, you may also want to get a large floor model lathe or at least a table model. Depending upon the frequency of your projects, consider keeping wood on hand for quick access. If you do, you'll want to work this storage space into the layout of your workshop.
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