The money may come from savings, loans from family, bank loans or a number of sources. If you plan well, your start-up capital will be adequate to set up your business and keep it running until you begin receiving the cash flow that is the lifeblood of any business. The other option is to start from scratch and use what resources you have to get things flowing. This approach, called bootstrapping because it involves pulling yourself up by you own bootstraps, is best for the part-time business. You can start a woodworking business in a corner of a basement or garage, with a few tools and your skills.
Money is a sensitive issue with new businesses.
Many woodworkers I know are uncomfortable admitting that it is an important part of being a professional. The approach you take to the money that flows through your business will, to a great extent, determine how much enjoyment you get out of the business. Learn about it now, and you'll seldom have to worry about it later. Investing in Your Future Money is a powerful tool. It is more powerful than any table saw or shaper.