From $75 to Making My First Million Woodworking | What They Don’t Teach You!

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From starting with $75 to making over a million, I share the top lessons I learned, I wish I knew these lessons when I was a beginner, they would have helped me grow my woodworking business faster. I hope you learn from these lessons and grow your own woodworking business!
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About Cutting It Close:
Our goal is to help aspiring craftsmen do what they love for a living! We hope to share our knowledge in the woodworking field and CNC routering through training videos, CNC router techniques, unique projects, and practical applications.
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Timecode
0:00 - Intro
0:50 - #1 Small Fish, Big Pond
1:52 - #2 Competition
3:11 - #3 Customization is Difficult
4:19 - #4 Specialized Equipment
5:26 - #5 The Importance of Software
6:46 - #6 Cut out NVA's
7:57 - #7 Skill ≠ Value
9:24 - #8 Product Life Cycle
10:54 - #9 Sales VS Efficiency
12:20 - #10 ????????
14:13 - Outro

Опубликовано:

2 июн 2024

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Комментарии : 227

@cutting-it-close Год назад

Let us know what else you would like to see in future videos!

@woodworkking1099 Год назад

Less hand movements

@TheWoodenHobbyist Год назад

I can’t seem to find the article information about the large scale businesses you spoke about.

@cutting-it-close Год назад

I put it in the description of the video for you!

@tadge74 Год назад

How about an example of how these ideas and systems are put into practice at your workshop? 2, A walk through of your shop showing a lifecycle of a product from raw material to finish. 3, how your shop is laid out, zones etc and how to keep dust down. 👍

@alexreid4131 Год назад

Can't believe I haven't seen you before and LOVE the hussle. As a guy from an Operations background starting a woodworking business this speaks to my love language. However, where's your website? I looked on your About YT page, checked out your despcriptions, looked at articles you've done. All I could find was Drapela Works that sell four products. Your operation from this video is clearly bigger than that and those four products don't make you millions so do you have a link to your actual website you can drop in the description please? Got a subscriber outta me...for now 👍

@Spills51 11 месяцев назад

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!

@cutting-it-close 11 месяцев назад

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!

@crafteywood1899 9 месяцев назад

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 ❤

@chrisrevell6889 Год назад

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

@drivethru1835 Год назад

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.

@TheRealDill93 11 месяцев назад

What is that thinking?

@ciscokid925 4 месяца назад

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.

@irenovatedmv 3 месяца назад

Facts.

@ersdds1 Год назад

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!

@omarflores323 Год назад

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!

@nHautamaki 11 месяцев назад

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.

@NWGR 11 месяцев назад

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.

@mye-rin 11 месяцев назад

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.

@JimPBarber 9 месяцев назад

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!

@bowlchamps37 9 месяцев назад

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.

@undergroundblu 6 месяцев назад

Thank you, i haven't come across many people in your position with these explanations. Appreciated!

@omnivore8225 Год назад

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.

@mitchwabeke5710 2 месяца назад

I love your videos like these. Number one is what I needed to hear.

@TrolloTV Год назад

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

@IDCWoodcraft Год назад

I hope your viewers can absorb the mindset aspect

@shawnhall2841 10 месяцев назад

Dude this information is so valuable. Your basically helping people that may one day be a competitor. Thanks.

@cutting-it-close 10 месяцев назад

Happy to help!

@r1m.s877 Год назад

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 👍

@photojournalists Год назад

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.

@tomthyme 8 месяцев назад

great stuff sir. Congrats on your growth thus far. Wishing you the best in the future. Thank you for sharing!

@cutting-it-close 8 месяцев назад

Thank you!

@john848sbk1 Год назад

another great video. thanks!

@JesseStanchfield 11 месяцев назад

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!

@cutting-it-close 11 месяцев назад

Awesome, thank you!

@doycowzintexas1672 2 месяца назад

I see a lot of integrity in your videos ,,, thanks for keeping it real brother

@cutting-it-close 2 месяца назад

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!

@butch5511 Год назад

Great Vid! Thanks!

@ionutonea1537 Год назад

Congratulationes ! Lovely workshop !

@howardsmith5474 Год назад

Surprisingly good content, thanks for this video

@justinwolfe7381 Год назад

Very useful information. Changes my thinking on a few things.

@aaronjaggers3117 Год назад

Well done young man ! Great information

@craftedbyalvint 11 месяцев назад

Good stuff this applies universally to most businesses

@joeljimenez8560 10 месяцев назад

Good information. Thank you.

@personofnote1571 Год назад

Awesome. Would love to learn more about that software you are using, or any other back office processes you have.

@seamusmcgrath8250 Год назад

Awesome job, keep up the great work!!!

@cutting-it-close Год назад

Glad you liked the video :)

@jimrosson6702 Год назад

Great tips thanks for sharing

@johnniek8845 Год назад

Love the videos Boss, great content, thanks again.

@cutting-it-close Год назад

Thank you!

@timbutler3733 Год назад

Wow, great video, thanks for sharing

@cutting-it-close Год назад

Glad you enjoyed it!

@georgeburnham2316 Год назад

Loved this. Thanks mate 😊

@cutting-it-close Год назад

Glad you enjoyed! Thanks for the feedback 😀

@jessicalane107 Год назад

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!

@roberte.wilson5213 7 месяцев назад

I would just love to build things people would enjoy. Thanks for the video.

@SecondSonWoodworks Год назад

Thanks for the video! Appreciate the tips

@cutting-it-close Год назад

Glad you liked it!

@sampletaster5093 Год назад

You hit the lessons right on the mark

@GregChu-uv7kh Год назад

Lol. The lessons

@plopolip2135 10 месяцев назад

Bryan has no clue and i like it

@miloarchitects Год назад

You are the BEST mate, learnig a lot with you!

@cutting-it-close Год назад

Thank you, is there other topics you would like me to cover?

@wolfrobots118 11 месяцев назад

You're videos are remarkably good.

@brendanfitzpatrick7399 3 месяца назад

Thank you for sharing your experience... it's extremely valuable and encouraging to some.. hopefully to most.. you're a rare breed, for sure..

@cutting-it-close 3 месяца назад

I appreciate that!

@bardmy 11 месяцев назад

Thanks! 👏🤝

@cutting-it-close 11 месяцев назад

You're welcome!

@patricksantel3474 Год назад

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.

@danmadefurniture 11 месяцев назад

Great video

@jakWiize Год назад

the last tip was the best imo!

@cokimi1301 Год назад

As always thank you for all your tips! Really helpful :)

@Ccels5765 Год назад

Great content man! Shocked there wasn’t a few more zeros behind your subscriber count.

@cutting-it-close Год назад

Thank you! I am working on getting more Zero’s!

@jamesturner226 Год назад

That was an extremely informative, helpful, and well Presented Video....

@cutting-it-close Год назад

Glad you enjoyed it!

@GregChu-uv7kh Год назад

Lol. Fn babbling con artists

@bobnicholas5994 11 месяцев назад

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.

@keithmarlowe5569 10 месяцев назад

Do tell. Types of things you make. How you market.

@justinb1382 6 месяцев назад

What type of things are you making?

@metalmilitia892006 Год назад

Love the Toyota way reference

@Anonymous-is2qb 8 месяцев назад

Very helpful 👍

@cutting-it-close 8 месяцев назад

Glad you think so!

@user-wc8st2pi1d 10 месяцев назад

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!

@cutting-it-close 10 месяцев назад

Glad it was helpful!

@robertkerby2581 Год назад

Great presentation!

@cutting-it-close Год назад

Thank you!

@mysticswordsman Год назад

I knew it was competitive I had no idea! Lets a gohhh....

@FALCON390CNCWorks Год назад

It's very inspirational 🤑👍 thank you for your content. Keep it coming 🙂

@cutting-it-close Год назад

What else would you like to see in the future?

@FALCON390CNCWorks Год назад

@@cutting-it-close Would you be able to show your high spec CNC machine in action? 😍

@cutting-it-close Год назад

Sure I’ll make it happen Captain

@FALCON390CNCWorks Год назад

@@cutting-it-close Awosome ! Looking forward to it. Thanks 👊

@jonaspedersen3639 Год назад

thanks

@bigpapadaddyo6937 Год назад

I would love to see you go over your machines? I've never seen a press like that.

@markabernard Год назад

Great tips. What were some of your first projects when you just started out?

@WanderingRobotStudio Год назад

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.

@cutting-it-close Год назад

Couldn’t agree more and thank you for the tip!

@themullenmarketwoodworking Год назад

This was incredible. Thank you so much! Amazing what a good dude you are. The mindset 🤙

@phillipbrown8207 Год назад

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.

@cutting-it-close Год назад

Come on down, I wouldn’t mind a visit!

@Eldalion99999 10 месяцев назад

riiight, well this just made me scared shitless XD gonna have to walk this off lol

@frijoli9579 Год назад

Good conceptual video. Can you provide an example of an idea that was or was not successful?

@AndyBirdBuilds Год назад

Killer information Ryan! I often say as I go, my business goes. Mindset is everything.

@Ricks2Cents Год назад

Great Advice!!! 🎉

@cutting-it-close Год назад

Thank you!

@felderup 11 месяцев назад

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.

@Mrhardcore217 Год назад

Could you please talk more about examples or how to come up with million dollar ideas and your way of researching product ideas? Thanks

@cutting-it-close Год назад

That's definitely a video we'll be making in the future!

@paytonmichaels1297 Год назад

Where can I get one of your cutting boards?

@jakeledg Год назад

Woodworking at an industrial level is not anything like woodworking at a small business level.

@cutting-it-close Год назад

Couldn’t agree more, it has very little to do with woodworking and more to do with yields and throughput

@TrolloTV Год назад

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

@jakeledg Год назад

@@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.

@john848sbk1 Год назад

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.

@TrolloTV Год назад

@@jakeledg True, there’s a major difference in mindset there

@cotiew Год назад

I would love to see a video about getting customers, small and big

@cutting-it-close Год назад

Check out our video from last Friday where I outline how I got my first 100 customers!

@chrisnicholson1125 11 месяцев назад

Step 1 have rich parents who's barn and tools you can use to make money

@anthonyegner1382 Год назад

great

@ariberaldin3423 Год назад

101% honest 👏👏👏

@cutting-it-close Год назад

What was your favorite one?

@AlainPilon Год назад

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.

@cutting-it-close Год назад

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.

@davidelliott5843 Год назад

This video shows that running a business is not so much about the product as it is running the systems that make the products.

@GregChu-uv7kh Год назад

He. Any answer of your questions But your question was great. .

@ALPHENPIRAAT Год назад

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.

@bowlchamps37 9 месяцев назад

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.

@dominicchappell1399 Год назад

I think some product examples would help people understand the mindset you are talking about.

@seanmoglich8099 9 месяцев назад

You`re one of the good ones. May "whoeverisresponsibleforthat" bless you & your family and workers!

@hypnoticmeditation1095 Год назад

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.

@Remarkable1000 11 месяцев назад

Can you do a video about making barn doors and growing a big buisness out of that

@pauldake9471 Год назад

one piece of advise---OWN all your equipment---then when the market crashes you will still be standing while the others fail---

@radiationroom Год назад

Are you going to be a factory or are you going to be an artist/craftsman. You, my friend, are a factory.

@MandrilSolo 9 месяцев назад

Wow …. Great content for free . 👍👍

@cutting-it-close 9 месяцев назад

Glad you think so!

@jeremyv2040 Год назад

Everyone has a 'vision of grandeur'. I think you'd be hard pressed to find 1 'woodworker' out of a hundred that has a vision of grandeur like yours..let alone a million. In any case, keep chasing your grandeur as I hope the rest of us woodworkers chase ours. keep at it.

@edwardmiller8595 Год назад

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?

@jerrodwaterman9793 Год назад

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.

@SaskatchewanBadAss 11 месяцев назад

Im happy with 200-1000 a month extra added to my income from my primary job

@SconHeadVideos Год назад

So do you not put any finishes on your chopping boards anymore?

@cutting-it-close Год назад

Yes I do!

@SconHeadVideos Год назад

@@cutting-it-close What finish do you use mostly?

@cutting-it-close Год назад

Mineral Oil and beeswax

@theamaturepro 9 месяцев назад

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!

@gabrielbush6455 25 дней назад

Please tell us how you made 10 million @theamaturepro 😂😂😂

@TheUltimateSurvivalCompanion Месяц назад

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

@michaelwillson6847 Год назад

Ok ive just found your channel and i wouldn't say i was at the very start stage im in the bottom stage of yhe pyramid as u said. I seriously need pick yiur brains is there any way a could email you with few questions and get some advice? Ps new subscriber!🏴󠁧󠁢󠁳󠁣󠁴󠁿👍

@Coreyvallephoto 11 месяцев назад

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

@cutting-it-close 11 месяцев назад

I never really advertised, just word of mouth and being searchable on platforms like Etsy

@jameswortner6135 Год назад

Excellent! Thank you for these start up insights… I will add CASH FLOW is KING. Contract to collect upfront. Period. NO accounts receivables especially on custom work. Plus… get a CPA you can trust and have a great Lawyer just in case. My two cents worth pain and experience.

@joelw6215 Год назад

Hey man I’m stuck in the $100k business model. I really appreciate you giving tips. For me its because I have to touch everything. I don’t trust employees to do anything. Even sanding. So I have an apprentice and that’s it Bc I can’t trust Someone to assemble a cabinet right Lol

@brucemiller1696 11 месяцев назад

💪

@kyleybarra1830 Год назад

Can you post your Etsy page link, please?

@JackyTran Год назад

It sounds like you’re the type of person that can make almost any business into a $100,000,000 company 👏🏼

@camels9654 Год назад

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.