Hi .I have a small woodworking business .bought a big cnc machine, and we have been doing OK with sales but not where we want to be .these videos really help and motivate us to do better .thank you for these lovely videos ❤
nothing wrong with this...but as soon as you pull me away from building custom work....I would just rather go work for someone else again...which getting away from that was the reason I got into this. I dont need a million a year....I desire to get up and do the job I love and build custom product that im proud of in the end while constantly learning in the process, take that away and im back where I started except now im unhappy with $$....I just wanna make a comfortable living while the majority of my life is building things I love....thats my goal and what I need. This vid is beyond me...not hat I crave. That being said....do whatever truly makes you feel fulfilled and good luck!
Completely agree, you said it very well, but I have a different mission I am on currently at this stage of my life. I hope you knock it out of the park!
@@R-L-D Indeed, many of us find contentment at a certain level and take great pride in the custom builds we create for our customers. Not everyone aspires to dominate the market; some simply aim to carve out a niche that provides a steady income and keeps the shop running smoothly.
Most small businesses aren’t able to breakout from the “$10,000” thinking because it forces owners to realize they won’t be in control to the extent they are used to and it’s scary
Because there trying to create a Business compared to Fine Woodworkers who create Art disguised as Furniture which can average around 10k for a single piece of furniture. So business or Art should be your first thought into starting something.
This content is worth its weight in gold. Although it’s specific to wood working it can easily be applied to other small business industries. Sure wish I had this before I started my two small businesses.
That may restrict us, but if it's the objective, then we're defining the amount we're content to produce. Mindset is crucial; however, if we cannot look beyond that level, depending on our perspective, we will not ascend to the next higher level.
This was awesome. I have experienced number 8. I woodwork like a lot of people. However, I do have a business that is not related. This is some of the best business advice I have heard in a very long time!! Great Video!!! New subscriber!
Great video! I think the lesson on the product life cycle was particularly interesting because I noticed the exact same thing in two other businesses I have owned and operated in the past. What happens is if you have a great product/service that's selling well, it doesn't take long before imitators come along and do the same thing but offer it for 5-10% cheaper to get their own market share, and if that works for them then more imitators come along and chop another 5-10% off the price and it's a race to the bottom where nobody is making much money and customers don't really need or want it so much anymore anyway. It's not just woodworking, it's practically any business/product/service. Hell even 'boring' stuff like banking/financial products goes through the exact same cycle.
Howdy. I know nothing about woodworking, but I have worked in IT for 25 years. I found your comment about software hilarious, but understandable 😊... many people hate computers, software etc so I understand where you're coming from. One thing you can use your software for, assuming you're tracking relevant data, is to see where you can make efficiency and cost improvements. I guarantee those 100m+ companies are using software, reporting, automation etc to run their businesses. Good luck 👍
Really good video on so many levels. I think you left out one key item. At the top should be your burning desire to make yourself better and your sense of urgency. It is also quite evident you are not working... you love what you do, and you are passionate about it. It's a pleasure to watch your growth. Keep on improving!
The number of woodworking shops is immense, and many will inevitably face challenges in finding a platform from which they can operate to gain a profitable edge for growth. Markets are primarily driven by product functionality, followed by design and features. Chopping boards, for instance, are simply tools for food preparation, not decorative items, and are usually stored out of sight when not in use. We utilize them, much like cutlery and plates, yet their significance in food prep work is quite substantial, not only in protecting the countertop but also in providing a means to cut food without risking contamination. Great video and lots of helpful advice!
I am close to retirement. I made 10k profit from things I made last year without any sales effort. I found you verifying my own smaller thoughts. Your perspective is dead on. I appreciate all your advice.
Could spend 10s of thousands on going to business school or could watch this video. I chose video - amazing lessons learned. Thanks for providing the free education!
I advise a lot of early stage startup founders in silicon valley and abroad. I was very impressed with the lessons in this video. It’s like giving away gold for free.
Legit advise as always Ryan. Been watching you for a couple of years and It's cool to see someone giving advise that actually does the work. Hard to find on youtube.
Another great one, thanks Ryan. Having sold a bunch of items I made, cutting out NVAs one of the most important things I learned along the way. Keep it up! Your success is well-earned.
I love watching and listening to your videos. They always inspire me to think in terms of greatness! But then I head to my design table, come up with a great idea, produce it, go through iterations and improve it, and I am ready to start production. I try to sell it, and….. nothing. I don’t seem to be able to market it to get any sales. Any ideas?
As this initial version of your message becomes more widely seen there will be meeting rooms across the world (virtual and other) that discuss the promotion of business model development and motivational speaking, where there will be evidence of underwear spotting. This was raw, inspiring, educational, and enjoyable. AND, not just for woodworkers. Well done, and thank you.
I'm currently starting from absolute scratch building guitars out of my shed, every dime I make goes into tools, the Amazon guy HATES me because he's here every day with multiple heavy boxes
1:30 one thing to remember is that for some of these companies, their size works against them. They may be too big to pivot and be flexible. While it’s admirable to aspire to be like them, also keep in mind what makes you different than them and how to use that
Dude, you’re just putting out crazy value in those videos. Are you looking into improving processes at Frio as well? I have quite a lot of insights into businesses that do sewing automation, foam processing and upholstery type stuff through our family business, if you have some questions about stuff like that
The man who started my business once told me, there is just 3 words you need to know to run a successful business: Quality. Quality. Quality. If you build quality stuff, no matter how expensive your stuff is compared to the market and similiar stuff, it will sell. I sold bird houses to the USFS for $150/piece in 1996 (after they saw one I did in a German magazine), that´s around $300 in today's money. They were 15 times more expensive than the ordinary ones they could have purchased, made in America. Instead they chose a one-man company in the Black Forest in Germany. When they sent clerks to me and I asked them "Why me?", they just said: Quality, Quality, Quality.
Indeed, quality sets you apart from the competition. In markets flooded with inexpensive products, it's evident that the leading brands, which garner the highest profits and revenues, are not hesitant to impose higher markups because they support it with quality branding and customer service. The market is brimming with small-scale woodworking businesses operating from their homes, offering reasonably priced products, yet they often fall short in quality, which is reflected in their sales figures. Those who embark on a journey to conquer the woodworking market with a distinctive product might find it challenging to translate their vision into a profitable reality. Products that become popular by fitting into a niche, standing out through unique design and features, can secure a financial edge.
Seems to me the guy in this video had given up pride to seek millions. Nothing wrong with that but when pride drops so does quality most of the time. Millions can be found in any industry if you put in as much effort as this guy has. No doubt he’s done a damn good job building his company but allot would agree when it gets to a mass scale lower quality will slip through the cracks because not everything gets the care and love most custom woodworkers put into their work. Overall my opinion is custom work is for guys that love woodworking and want to live comfortably working from home at whatever hours they want. Mass production is for money seekers that are forced to work 8+ hours every single day to keep the business running. Like I said nothing wrong with either but seems like this guy doesn’t see the freedom and love custom woodworkers have. Custom work goes to higher class customers usually. when mass production has to compete with shops pushing out 400 products a week which is a waaaaaay harder competition selling to the average joe which most the time can find the same style cutting board for cheaper at Walmart 10 minutes from their house
The shift in mindset required to go from 1 million to 10+ is something that can't be taught because it's a state of mind, not an action. The greatest way, however, to secure that threshold is to sell and market your success by teaching others. You've done well for yourself and it's impressive man. Keep it up!
Can you do a run down of the equipment and processes you use in your shop? As you mentioned, knowing what equipment is possible can change and help our businesses. For example, I had no clue there were auto-feeders. Which is a huge tool someone can add to get consistency and add safety. Please do a tour of your shop and explain the equipment you chose and how it works, please and thank you!
Excellent! Big ahhhha moment with the custom order tip. It’s good to push past your comfort zone and learn from the custom order but the time vs financial return doesn’t add up. Thanks for compiling all this bud.
good video. I noticed a over seas company is now making a product you make the coin bank and selling it cheaper than i can get materials t make one. so yes its important to always be creating new product and you cant be buying designs that others design and make profits you need your own ideas and stand out from the pack
Asking an honest question: what is the point of growing from 10M to 100M? Or even from 1M to 10M$? While there are financial benefits for the owner, what are the other reasons? Growth is associated with more stress, less freedom and does not (generally) correlate with happiness. As I am getting older, I am re-evaluating the american model of "growth at all cost". I am seeing this from the software perspective where VC money is given to anyone with a (stupid) idea, hoping to becaber/airbnb /etc... but I think it is applicable to woodworking as well.
I think there are different levels and as my perspective changes on the world my ambitions may, but I was put on this earth to work, grow and change numerous lives and my ability to do that grows when my business grows. I feel like VC funded business sometimes have the wrong ambitions and are more engineers than entrepreneurs typically so they have a different stress tolerance. That is my opinion currently as I am I still learning.
I once met a photographer with a big studio and a lot of staff. I asked him if he himself was taking pictures now and then. He said no, but he said running a big business was also satisfying to him.
More money = more power (even if it only boosts the ego). That´s why the richest people in the world do not sell their companies and live a stress-free life with their first billion they made. Also a lot of people who run bigger businesses, they love to work. They cannot switch.
You could add illustrations to the way you talk with your hands. I do too. Drawing a pyramid on screen as you did with your hands, for instance. A little extra time. Also a good tip, always be willing to do the work yourself if you have to. Important for the first million in revenue. But delegation is important for first million in profit.
Excellent video sir. I enjoy watching you enthusiastic videos.I am located in the North Texas area. Would love to come and see your shop and chat with you sometime.
one thing to remember from the software industry, if the sales team is promising things that simply aren't possible, someone's gonna get a contract that you can't fulfill and have to, they should all have some experience in the field.
Step 2, make dumbass comments on RUclips while you ponder why you still live in your mom's basement and then get mad at your absent father cause he didn't get you a woodworking shop but some how managed to still pay child support while getting fucked over in the divorce by your mother, as you continue to watch this video you see a picture of your father on this guy's desk and it dawns on you that your dad after the divorce found a real woman had a better family and ended up buying this guy everything he has in his shop. It's okay bro, bro, it's not your fault.....
You want those tens of mills you need one in your company to Organize, one to deliver Ideas, one who is an Action Taker, and one to Build Relationships.
You can do woodworking at a smaller level with the same principles. It’s just that a lot of small scale woodworkers are way underselling their time and therefore don’t see the need for more efficiency
@@TrolloTV What I was more referring to was the goal shifts from being "the best" at a trade to being the most efficient. Even the tools are on a whole different scale.
That's the difference between being an artist and a businessman. This young man is a businessman (and apparently an incredibly good one). There will never be another Michelangelo or DaVinci in our world because machines have become able to do almost as much as the most gifted artist, if not better, and at a fraction of the time and price and, most importantly, to scale. it's a sad reality, however, that's the world we live in and people like this man have adapted and succeeded in the current environment. It's up to the individual whether they want to be the finest steakhouse in their city, or be McDonalds and dominate the world-personal choice of whether the art or the money is more important.
I lost a bit of hair from working 80 hour weeks at my biz for the last 8 years. Part of running a biz and red lining yourself constantly. Get you some FUE, in 8-12 months you'll thank me.
Doesn't take money to be successful in business. It takes a vision, drive, discipline, character, and execution. Nice video but I prefer to make a little money doing my hobby and challenging myself on every new build. I don't want to build a million cutting boards. I don't want to build 1000 tables for 10000 dollars every year.
My understanding was that he beats them to designing the product and when they start undercutting him and copying his product he changes products he focuses on because he's trying to stay ahead of the copying companies.
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Hi .I have a small woodworking business .bought a big cnc machine, and we have been doing OK with sales but not where we want to be .these videos really help and motivate us to do better .thank you for these lovely videos ❤
nothing wrong with this...but as soon as you pull me away from building custom work....I would just rather go work for someone else again...which getting away from that was the reason I got into this.
I dont need a million a year....I desire to get up and do the job I love and build custom product that im proud of in the end while constantly learning in the process, take that away and im back where I started except now im unhappy with $$....I just wanna make a comfortable living while the majority of my life is building things I love....thats my goal and what I need.
This vid is beyond me...not hat I crave.
That being said....do whatever truly makes you feel fulfilled and good luck!
Completely agree, you said it very well, but I have a different mission I am on currently at this stage of my life. I hope you knock it out of the park!
Couldn't agree more. I can't imagine making a million cookie cutter cutting boards. Custom work all the way. But I'm also not a greedy capitalist.
@@R-L-D Indeed, many of us find contentment at a certain level and take great pride in the custom builds we create for our customers. Not everyone aspires to dominate the market; some simply aim to carve out a niche that provides a steady income and keeps the shop running smoothly.
@@R-L-D I' rather build a big business.
@@gazstoyup. Hopefully it eventually pays for the hobby
I see a lot of integrity in your videos ,,, thanks for keeping it real brother
I do what makes me sleep well at night, just so happens to be the truth that I understand. Thank you for watching, I hope it helped!
Most small businesses aren’t able to breakout from the “$10,000” thinking because it forces owners to realize they won’t be in control to the extent they are used to and it’s scary
Because there trying to create a Business compared to Fine Woodworkers who create Art disguised as Furniture which can average around 10k for a single piece of furniture. So business or Art should be your first thought into starting something.
What is that thinking?
This content is worth its weight in gold. Although it’s specific to wood working it can easily be applied to other small business industries. Sure wish I had this before I started my two small businesses.
Facts.
That may restrict us, but if it's the objective, then we're defining the amount we're content to produce. Mindset is crucial; however, if we cannot look beyond that level, depending on our perspective, we will not ascend to the next higher level.
This was awesome. I have experienced number 8. I woodwork like a lot of people. However, I do have a business that is not related. This is some of the best business advice I have heard in a very long time!! Great Video!!! New subscriber!
Great video! I think the lesson on the product life cycle was particularly interesting because I noticed the exact same thing in two other businesses I have owned and operated in the past. What happens is if you have a great product/service that's selling well, it doesn't take long before imitators come along and do the same thing but offer it for 5-10% cheaper to get their own market share, and if that works for them then more imitators come along and chop another 5-10% off the price and it's a race to the bottom where nobody is making much money and customers don't really need or want it so much anymore anyway. It's not just woodworking, it's practically any business/product/service. Hell even 'boring' stuff like banking/financial products goes through the exact same cycle.
Howdy. I know nothing about woodworking, but I have worked in IT for 25 years. I found your comment about software hilarious, but understandable 😊... many people hate computers, software etc so I understand where you're coming from.
One thing you can use your software for, assuming you're tracking relevant data, is to see where you can make efficiency and cost improvements. I guarantee those 100m+ companies are using software, reporting, automation etc to run their businesses.
Good luck 👍
Really good video on so many levels. I think you left out one key item. At the top should be your burning desire to make yourself better and your sense of urgency. It is also quite evident you are not working... you love what you do, and you are passionate about it. It's a pleasure to watch your growth. Keep on improving!
The number of woodworking shops is immense, and many will inevitably face challenges in finding a platform from which they can operate to gain a profitable edge for growth. Markets are primarily driven by product functionality, followed by design and features. Chopping boards, for instance, are simply tools for food preparation, not decorative items, and are usually stored out of sight when not in use. We utilize them, much like cutlery and plates, yet their significance in food prep work is quite substantial, not only in protecting the countertop but also in providing a means to cut food without risking contamination. Great video and lots of helpful advice!
I am close to retirement. I made 10k profit from things I made last year without any sales effort. I found you verifying my own smaller thoughts. Your perspective is dead on. I appreciate all your advice.
What type of things are you making?
Dude this information is so valuable. Your basically helping people that may one day be a competitor. Thanks.
Happy to help!
Thank you, i haven't come across many people in your position with these explanations. Appreciated!
Thank you for sharing your experience... it's extremely valuable and encouraging to some.. hopefully to most.. you're a rare breed, for sure..
I appreciate that!
First video I watch and I subscribed. Such good info. Very real! Very down to earth with reality and what the local market really demands. Thanks!
Could spend 10s of thousands on going to business school or could watch this video. I chose video - amazing lessons learned. Thanks for providing the free education!
Glad it was helpful!
I advise a lot of early stage startup founders in silicon valley and abroad. I was very impressed with the lessons in this video. It’s like giving away gold for free.
I hope your viewers can absorb the mindset aspect
Legit advise as always Ryan. Been watching you for a couple of years and It's cool to see someone giving advise that actually does the work. Hard to find on youtube.
Stay humble brother. God bless.
this video is phenomenal. thank you
I love your videos like these. Number one is what I needed to hear.
Another great one, thanks Ryan.
Having sold a bunch of items I made, cutting out NVAs one of the most important things I learned along the way.
Keep it up! Your success is well-earned.
great info, I'm starting up w/so many ideas, totally apppreciate your honesty, TBD! thanks again, liked, subscribed and added to EN for the future!
Awesome, thank you!
Great content man! Shocked there wasn’t a few more zeros behind your subscriber count.
Thank you! I am working on getting more Zero’s!
I would just love to build things people would enjoy. Thanks for the video.
great stuff sir. Congrats on your growth thus far. Wishing you the best in the future. Thank you for sharing!
Thank you!
I love watching and listening to your videos. They always inspire me to think in terms of greatness! But then I head to my design table, come up with a great idea, produce it, go through iterations and improve it, and I am ready to start production. I try to sell it, and….. nothing. I don’t seem to be able to market it to get any sales. Any ideas?
As this initial version of your message becomes more widely seen there will be meeting rooms across the world (virtual and other) that discuss the promotion of business model development and motivational speaking, where there will be evidence of underwear spotting.
This was raw, inspiring, educational, and enjoyable.
AND, not just for woodworkers.
Well done, and thank you.
I'm currently starting from absolute scratch building guitars out of my shed, every dime I make goes into tools, the Amazon guy HATES me because he's here every day with multiple heavy boxes
You are the BEST mate, learnig a lot with you!
Thank you, is there other topics you would like me to cover?
1:30 one thing to remember is that for some of these companies, their size works against them. They may be too big to pivot and be flexible. While it’s admirable to aspire to be like them, also keep in mind what makes you different than them and how to use that
Dude, you’re just putting out crazy value in those videos.
Are you looking into improving processes at Frio as well? I have quite a lot of insights into businesses that do sewing automation, foam processing and upholstery type stuff through our family business, if you have some questions about stuff like that
The man who started my business once told me, there is just 3 words you need to know to run a successful business: Quality. Quality. Quality.
If you build quality stuff, no matter how expensive your stuff is compared to the market and similiar stuff, it will sell.
I sold bird houses to the USFS for $150/piece in 1996 (after they saw one I did in a German magazine), that´s around $300 in today's money. They were 15 times more expensive than the ordinary ones they could have purchased, made in America. Instead they chose a one-man company in the Black Forest in Germany. When they sent clerks to me and I asked them "Why me?", they just said: Quality, Quality, Quality.
Indeed, quality sets you apart from the competition. In markets flooded with inexpensive products, it's evident that the leading brands, which garner the highest profits and revenues, are not hesitant to impose higher markups because they support it with quality branding and customer service. The market is brimming with small-scale woodworking businesses operating from their homes, offering reasonably priced products, yet they often fall short in quality, which is reflected in their sales figures. Those who embark on a journey to conquer the woodworking market with a distinctive product might find it challenging to translate their vision into a profitable reality. Products that become popular by fitting into a niche, standing out through unique design and features, can secure a financial edge.
Seems to me the guy in this video had given up pride to seek millions. Nothing wrong with that but when pride drops so does quality most of the time. Millions can be found in any industry if you put in as much effort as this guy has. No doubt he’s done a damn good job building his company but allot would agree when it gets to a mass scale lower quality will slip through the cracks because not everything gets the care and love most custom woodworkers put into their work. Overall my opinion is custom work is for guys that love woodworking and want to live comfortably working from home at whatever hours they want. Mass production is for money seekers that are forced to work 8+ hours every single day to keep the business running. Like I said nothing wrong with either but seems like this guy doesn’t see the freedom and love custom woodworkers have. Custom work goes to higher class customers usually. when mass production has to compete with shops pushing out 400 products a week which is a waaaaaay harder competition selling to the average joe which most the time can find the same style cutting board for cheaper at Walmart 10 minutes from their house
Good stuff this applies universally to most businesses
Awesome. Would love to learn more about that software you are using, or any other back office processes you have.
Very useful information. Changes my thinking on a few things.
The shift in mindset required to go from 1 million to 10+ is something that can't be taught because it's a state of mind, not an action. The greatest way, however, to secure that threshold is to sell and market your success by teaching others. You've done well for yourself and it's impressive man. Keep it up!
Please tell us how you made 10 million @theamaturepro 😂😂😂
Can you do a run down of the equipment and processes you use in your shop? As you mentioned, knowing what equipment is possible can change and help our businesses. For example, I had no clue there were auto-feeders. Which is a huge tool someone can add to get consistency and add safety. Please do a tour of your shop and explain the equipment you chose and how it works, please and thank you!
Congratulationes ! Lovely workshop !
Good information. Thank you.
Like another one said these advices can be said for many other industries(at least some of them)
You're videos are remarkably good.
Surprisingly good content, thanks for this video
Wow, great video, thanks for sharing
Glad you enjoyed it!
Bryan has no clue and i like it
Excellent! Big ahhhha moment with the custom order tip. It’s good to push past your comfort zone and learn from the custom order but the time vs financial return doesn’t add up. Thanks for compiling all this bud.
good video. I noticed a over seas company is now making a product you make the coin bank and selling it cheaper than i can get materials t make one. so yes its important to always be creating new product and you cant be buying designs that others design and make profits you need your own ideas and stand out from the pack
the last tip was the best imo!
Great tips thanks for sharing
You`re one of the good ones. May "whoeverisresponsibleforthat" bless you & your family and workers!
Asking an honest question: what is the point of growing from 10M to 100M? Or even from 1M to 10M$? While there are financial benefits for the owner, what are the other reasons? Growth is associated with more stress, less freedom and does not (generally) correlate with happiness. As I am getting older, I am re-evaluating the american model of "growth at all cost". I am seeing this from the software perspective where VC money is given to anyone with a (stupid) idea, hoping to becaber/airbnb /etc... but I think it is applicable to woodworking as well.
I think there are different levels and as my perspective changes on the world my ambitions may, but I was put on this earth to work, grow and change numerous lives and my ability to do that grows when my business grows. I feel like VC funded business sometimes have the wrong ambitions and are more engineers than entrepreneurs typically so they have a different stress tolerance. That is my opinion currently as I am I still learning.
This video shows that running a business is not so much about the product as it is running the systems that make the products.
He. Any answer of your questions
But your question was great. .
I once met a photographer with a big studio and a lot of staff. I asked him if he himself was taking pictures now and then. He said no, but he said running a big business was also satisfying to him.
More money = more power (even if it only boosts the ego). That´s why the richest people in the world do not sell their companies and live a stress-free life with their first billion they made. Also a lot of people who run bigger businesses, they love to work. They cannot switch.
You could add illustrations to the way you talk with your hands. I do too. Drawing a pyramid on screen as you did with your hands, for instance. A little extra time.
Also a good tip, always be willing to do the work yourself if you have to. Important for the first million in revenue. But delegation is important for first million in profit.
Couldn’t agree more and thank you for the tip!
That was an extremely informative, helpful, and well Presented Video....
Glad you enjoyed it!
Lol. Fn babbling con artists
Excellent video sir. I enjoy watching you enthusiastic videos.I am located in the North Texas area. Would love to come and see your shop and chat with you sometime.
Come on down, I wouldn’t mind a visit!
one thing to remember from the software industry, if the sales team is promising things that simply aren't possible, someone's gonna get a contract that you can't fulfill and have to, they should all have some experience in the field.
So do you not put any finishes on your chopping boards anymore?
Yes I do!
@@cutting-it-close What finish do you use mostly?
Mineral Oil and beeswax
Love the competition, most people cant hang 😎
Step 1 have rich parents who's barn and tools you can use to make money
Step 2, make dumbass comments on RUclips while you ponder why you still live in your mom's basement and then get mad at your absent father cause he didn't get you a woodworking shop but some how managed to still pay child support while getting fucked over in the divorce by your mother, as you continue to watch this video you see a picture of your father on this guy's desk and it dawns on you that your dad after the divorce found a real woman had a better family and ended up buying this guy everything he has in his shop. It's okay bro, bro, it's not your fault.....
Are you going to be a factory or are you going to be an artist/craftsman. You, my friend, are a factory.
Great video
Thanks! 👏🤝
You're welcome!
It's very inspirational 🤑👍 thank you for your content. Keep it coming 🙂
What else would you like to see in the future?
@@cutting-it-close Would you be able to show your high spec CNC machine in action? 😍
Sure I’ll make it happen Captain
@@cutting-it-close Awosome ! Looking forward to it. Thanks 👊
Love the videos Boss, great content, thanks again.
Thank you!
Awesome job, keep up the great work!!!
Glad you liked the video :)
Loved this. Thanks mate 😊
Glad you enjoyed! Thanks for the feedback 😀
Love the Toyota way reference
I knew it was competitive I had no idea! Lets a gohhh....
It sounds like you’re the type of person that can make almost any business into a $100,000,000 company 👏🏼
another great video. thanks!
You want those tens of mills you need one in your company to Organize, one to deliver Ideas, one who is an Action Taker, and one to Build Relationships.
You hit the lessons right on the mark
Lol. The lessons
Thanks for the video! Appreciate the tips
Glad you liked it!
Very helpful 👍
Glad you think so!
Wow …. Great content for free . 👍👍
Glad you think so!
Well done young man ! Great information
Great Vid! Thanks!
Woodworking at an industrial level is not anything like woodworking at a small business level.
Couldn’t agree more, it has very little to do with woodworking and more to do with yields and throughput
You can do woodworking at a smaller level with the same principles.
It’s just that a lot of small scale woodworkers are way underselling their time and therefore don’t see the need for more efficiency
@@TrolloTV What I was more referring to was the goal shifts from being "the best" at a trade to being the most efficient. Even the tools are on a whole different scale.
That's the difference between being an artist and a businessman. This young man is a businessman (and apparently an incredibly good one). There will never be another Michelangelo or DaVinci in our world because machines have become able to do almost as much as the most gifted artist, if not better, and at a fraction of the time and price and, most importantly, to scale. it's a sad reality, however, that's the world we live in and people like this man have adapted and succeeded in the current environment. It's up to the individual whether they want to be the finest steakhouse in their city, or be McDonalds and dominate the world-personal choice of whether the art or the money is more important.
@@jakeledg True, there’s a major difference in mindset there
Great video
Can you do a video about making barn doors and growing a big buisness out of that
I would love to see you go over your machines? I've never seen a press like that.
one piece of advise---OWN all your equipment---then when the market crashes you will still be standing while the others fail---
Making a million and profiting a million are two entirely different things.
So what did you do for gaining customers? I feel like advertising is extremely tough…especially in this day or maybe it’s where I’m at
I never really advertised, just word of mouth and being searchable on platforms like Etsy
Where can I get one of your cutting boards?
Could you please talk more about examples or how to come up with million dollar ideas and your way of researching product ideas?
Thanks
That's definitely a video we'll be making in the future!
Good conceptual video. Can you provide an example of an idea that was or was not successful?
101% honest 👏👏👏
What was your favorite one?
thanks
Great presentation!
Thank you!
I lost a bit of hair from working 80 hour weeks at my biz for the last 8 years. Part of running a biz and red lining yourself constantly. Get you some FUE, in 8-12 months you'll thank me.
Doesn't take money to be successful in business. It takes a vision, drive, discipline, character, and execution. Nice video but I prefer to make a little money doing my hobby and challenging myself on every new build. I don't want to build a million cutting boards. I don't want to build 1000 tables for 10000 dollars every year.
I think some product examples would help people understand the mindset you are talking about.
riiight, well this just made me scared shitless XD gonna have to walk this off lol
Great Advice!!! 🎉
Thank you!
Killer information Ryan! I often say as I go, my business goes. Mindset is everything.
This was incredible. Thank you so much! Amazing what a good dude you are. The mindset 🤙
So how do you know what type of product to market to even make $10,000? How did you find your clientele to be so profitable?
I would love to see a video about getting customers, small and big
Check out our video from last Friday where I outline how I got my first 100 customers!
How did you go around foreign companies producing at a faster and cheaper rates?
My understanding was that he beats them to designing the product and when they start undercutting him and copying his product he changes products he focuses on because he's trying to stay ahead of the copying companies.
Buy their products out and resell double. Hehe🤷♂️