About 10 years ago I started selling some of my items so I could afford to buy tools and it turned into a small business. I still have a full-time job so I only have nights and weekends available (which are also busy with life activities) but when orders come in, it means personal projects get delayed (I haven't even touched my lathe in over 4 years). Granted, my hobby business is not required to put food on my table but I also realized I don't want to do woodworking like that full-time.
I have a niche market focused primarily on the military and if I wanted to broaden my business I could but based on my profit margins, it means I would have to produce 30-50,000 units per year to maintain my current lifestyle/income level that my day-job provides. That would require a production factory setting and no thanks. Also take into account that as a sole proprietor business, you have to pay additional taxes, self-employment taxes, insurance, etc that you probably don't have to now which drives up your gross income requirements. If you are looking to go the flea market or craft show route, that means you will be sitting idle during those times when you would rather be in the shop producing.
Don't let the above discourage you but maybe try something on a small scale just to get the feel for what's involved. Many people start very successful businesses out of their garage (i.e Shark Tank entrepreneurs) and woodworkers can, but it usually means a lot of work and at some point you may not be making the items yourself, but hiring it out, and find yourself running a business, which you are, and you'll find that you no longer desire to be engaged in what was your hobby.
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Mark Patoka
Stafford, VA
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