Identify a niche: Find a specific market gap to target, leveraging personal interests or skills.

Pros and Cons of Niches: Weigh the benefits of a focused niche against the risks of limiting your market.

Legal Structure: Choose between sole proprietorship, LLC, or S Corp based on liability and tax implications.

Business Registration: Register your business with your state and obtain an EIN.

Machine Selection: Consider factors like power, cutting capabilities, and size based on your product line.

Customer Support and Warranty: Prioritize reliable after-sales service.

Avoid Overspending: Choose a machine that aligns with your current and future needs.

Online vs. In-Person Sales: Weigh the pros and cons of each channel, including reach, cost, and customer interaction.

Platform Selection: Choose platforms like Etsy or Shopify for online sales.

In-Person Sales: Explore options like craft shows and markets.

Profit Margin: Calculate costs and set prices to ensure profitability.

Competitive Pricing: Research competitors' pricing strategies.

Value-Based Pricing: Consider the perceived value of your products.

We also answer the all important question of whether or not to charge for shipping.

Focus on What Works: Identify your best-selling products and invest in them.

Optimize Operations: Streamline processes and consider outsourcing tasks.

Expand Your Reach: Explore marketing strategies

Adapt to Changing Market: Be flexible and willing to adjust your business model as needed.