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Do This to Make $2,000/Day with a Woodworking Business!

Angel City Woodshop has grown to an average revenue of $60,000 a month making custom woodworking projects at their workshop in downtown Los Angeles. We’ll learn how founder Paul Moorhead built such a profitable woodworking business in this episode. This video has been sponsored by Tailor Brands. Get your LLC with Tailor Brands: https://tailorbrands.go2cloud.org/SH8w For a limited time, you can also get 20% off Tailor Brands plans using the code upflip20 https://tailorbrands.go2cloud.org/SH96 Paul didn’t set out to make furniture. Like many, he moved to Los Angeles to pursue a career in the entertainment industry. He’d always been drawn to working with his hands, and he soon found a new way to be creative: making furniture. After starting off with woodworking projects for friends and family, he established his shop and hasn’t looked back. Of course, starting a business is never easy. Paul lived in his wood working studio for two years while he built his business, sometimes working all-nighters and 100-hour weeks to finish projects. We’ll find out how Paul kept himself going through those busy times and how that effort has paid off in the form of revenue growth and success. Today, Paul has a team of craftsmen in his shop, and they take on projects that don’t just require artistic vision but also engineering, 3D modeling, and other advanced skills. We’ll find out how Paul built and trained his team to ensure consistent quality across his woodworking projects. He’ll also share the systems and tools they use to design and build the unique custom furniture their customers come to them for. If you’re looking for more advice about how to start a woodworking shop, check out our past interviews: How Blacktail Studio Rakes in $15K/Month Doing This! ►    • How Blacktail Studio Rakes in $15K/Mo...   How to Start a $30K/Month Woodworking Business ►    • How to Start a $30K/Month Woodworking...   Resources https://www.angelcitywoodshop.com/ - Learn more about Angel City Woodshop on their website https://www.upflip.com/podcast - Hear more interviews with business owners on the UpFlip podcast https://www.upflip.com/blog/how-to-st... - Step-by-step guide on starting a woodworking business Timestamps: 00:00 - START 00:38 - Intro to Paul and Angel City Woodshop 01:13 - Story behind the shop 02:03 - Cost to start 04:02 - #1 factor in his success 05:22 - Skills you need to succeed 06:37 - Low points as a business owner 08:41 - How to attract customers with little marketing 09:56 - Hardest part of starting a woodshop 11:20 - Tailor Brands Sponsor 12:36 - Attracting early customers 13:54 - Profitability and consistency of revenue 14:51 - Online presence 15:56 - Tools and equipment 17:08 - Workflow management systems and tools 18:46 - Fan blitz 20:42 - Commercial vs. residential 22:14 - Walkthrough of key equipment 24:19 - Day-to-day as an owner 26:02 - Hiring and training team members 26:58 - Profit margins and costs per project 28:01 - Good month vs. bad month 28:52 - What to look for in employees 29:57 - Deciding what wood to use 31:21 - How to delegate tasks 32:19 - Why woodshops fail #woodworking #woodworkingprojects #woodworkingbusiness