Professional Woodworkers Sharing Business Strategies

Feedback can fuel a worker’s ambition

Written by Davis M. Woodruff Monday, 18 April 2011 00:00

24_proshopIn a small business - or a large one - it is important to let people know how they are doing on the job. Managers or owners often assume that employees are satisfied and know they are appreciated. This is a myth or simply a way to rationalize not providing performance feedback.

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Lowering your taxes can be a family affair

Written by Mark E. Battersby Monday, 14 March 2011 00:00

13_mark_battersbyLast December's extension of the Bush-era tax rates as part of the Tax Relief Act of 2010 has not, at least so far, translated into lower tax bills for many woodworking professionals, shops or businesses. The estate tax is also back, although not at record highs. Fortunately, there is an increasingly popular tax strategy that can both reduce annual tax bills and ease the future bite of estate taxes.

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Don’t let tax time overwhelm your shop

Written by Howard Scott Monday, 14 February 2011 00:00

It's that time of year again. You know the drill. You hope to pay as little as possible while staying within the rules. Your CPA, accountant, enrolled agent or tax preparer does the calculating, then gives you the results and you write out the checks. This year, don't just comply with his or her instructions. Make the exercise a painless process as well as a learning experience. Here's how to go about it:

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Community effort thrives after 30 years

Written by Bob Spangler Monday, 17 January 2011 00:00

22_pro_shopNorthwest Fine Woodworking in Seattle, a member-owned cooperative gallery, celebrated its 30th anniversary in September. A group of artisans banded together in 1980 to create a gallery to showcase and hopefully sell the furniture they designed and created. Northwest Fine Woodworking is now the longest-running and most successful gallery to display and sell studio furniture in the Northwest, if not the country.

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Stay on top by planning for highs and lows

Written by David Frisk Monday, 13 December 2010 00:00

46_david_friskSome of you are probably wondering why we should start planning now for the next recession when we are still struggling with this current one. I can completely understand this, but let me assure you there is no time like the present to plan for the future. A good place to start is with a positive attitude, which is very important in trying times such as these. As difficult as that might be, just remember you had nothing to do with starting this recession and a positive attitude will help you deal with its fallout.

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