Page 19 - CMA PROfiles Winter 2021
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FEATURED SHOP: HEARTWOOD CUSTOM WOODWORKS

        “We carried that mindset all the way into the late 2000’s,”   Beyond those basics, you have to master the art of selling and
        he says, “but when the Great Recession hit, things changed.   strategy.
        We were doing whole house packages, where we did all the   •  Know your true costs and learn how to price your work,
        cabinetry, doors, and trim, and it really put a strain on our   which is a crucial part of selling. “Profit is not a nasty word,”
        business to be that diverse. We were not big enough.”    Jordan says. “You have to make a profit in order to succeed
        They decided it was time to rethink their business model.   and carry on. That profit allows you to grow.”
                                                              •  Get new machinery and stay competitive. “When I started,
        “You see shops that only do doors or only run trim or cabinets,”   it was all classic woodworking machines and hand-crafting.
        he says, “and the Great Recession got us to see that our   We still do a lot of hand-crafting but we’ve also invested in
        wheelhouse was cabinetry. We still take on a few non-cabinetry   technology such as a CNC router, software packages, etc. It’s
        projects — a special front-entry door, a unique ceiling, or   a necessity to stay competitive and give your clients the best
        paneled rooms where it’s all grain-matched veneers or the   quality.”
        doors have the grain running through them matching the
        paneling. We’re well-suited to those kinds of special projects.”
        That lesson is one he now shares with people who are starting
        out, advising them to think from the very beginning about how
        big or small they want to be and make their business decisions
        accordingly.

        In short, he says, “be careful of taking on too much.”
        Starting a business is not for everyone, and it can be tough to
        acknowledge that if you’re dreaming of being your own boss.
        “There are a lot of skilled woodworkers out there, but
        someone who is a great craftsman may not be such a good
        business person,” Jordan says. “We have spawned many
        shops started by employees who worked here. Some are
        still in business today, and others realized, ‘Hey — my love
        of woodwork is one thing, but taking that and trying to be a
        businessman is not the right fit.’”

        For those who do go out on their own, he has advice about the
        business nuts and bolts:
        •  Learn the language of business and bankers. It’s a whole
           different skill set.
        •  Hire a great accountant and pay your taxes.
        •  Pay your bills on time.
        •  If you’re not good at the paperwork and managing the
           general bookkeeping, hire someone to handle that. “Even
           if you supply someone with a beautiful kitchen, sloppy
           bookkeeping and poor habits can reflect as badly on you as
           poor woodwork quality.”
        •  Put your agreements in writing. “The days of the handshake
           deal are definitely gone. There are clients we’ve worked with
           for years and have a lot of verbal communication with, but
           we still execute contracts with one another. They may agree
           with you at that moment, but things change — and there’s
           always the possibility that you may be dealing with someone
           else down the road. If something goes wrong, you have the
           contract to fall back on.”

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