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.
Money is a representation of accumulated energy and time.
You put 20 hours into a piece of furniture and receive a payment that includes a certain number of dollars for your skills and time. Because money is a very sophisticated and powerful tool, using it requires training and skill. A big part of being in business involves learning and applying those money skills. Money never disappears unless it is stolen, and event hen, a savvy money manager has anticipated the possibility and used some form of insurance to protect the business. When you start your business you often have to make many investments that take time to show you a return.