Starting a woodworking business is a lot of work. However, if you are passionate about your hobby you will be willing to put in the effort. Plus, you'll probably enjoy the challenge of running your own business.
Remember that you may encounter unexpected problems when starting a new venture. You might run out unexpectedly of funds. Or you might find that your customers aren’t willing or able to pay as much you had hoped. These situations are necessary for survival.
One tip is to have a separate banking account for your company. You will always know how much money you have coming in.