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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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#1
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Starting a home shop?
"Steve Lusardi" wrote in message ... Roger, I think you are rationalizing because you want a home shop. You can and probably will convince yourself that it will pay for itself.....it won't ....period. I have had a very well equipped shop several times in my life, but the advantage it provides is convenience doing your own projects and it is expensive. It is always cheaper to buy what is sold than to make it yourself. Use your own experience as a guide. Additionally, please consider your available time outside of your current obligations. You will find that it will be less than 500 hrs a year, if you are lucky. Plus I cannot think of a better way to trash a perfectly good hobby than to turn it into a business. Steve So far I'm pretty sure I've made over $25,000 in my home shop, one job was $20K by itself. My home shop cost me the time it took to do the jobs but has paid off by the money I saved by making parts for myself. I agree it ruins the hobby to turn it into a business though. If I can do some select parts on the CNC machines for my employer it could make my monthly payments and only require I be present to stop the machine if something goes wrong. Other than that, I want to do fun hobby projects and perhaps sell parts to others that may be interested in the projects. All I want in paying work is maybe 50 hours per year. I can be pretty flexible though, like Iggy mentioned, I can buy stuff and sell for a little profit. I once bought a lathe for $650, replaced the gear shaft, and sold for $1400. I bought a lathe at an auction for $65 and sold for $350. But if I don't make a dime off the shop it will be OK, I'd prefer it pay a little though. RogerN |
#2
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Starting a home shop?
On 2009-10-27, RogerN wrote:
So far I'm pretty sure I've made over $25,000 in my home shop, one job was $20K by itself. My home shop cost me the time it took to do the jobs but has paid off by the money I saved by making parts for myself. I agree it ruins the hobby to turn it into a business though. If I can do some select parts on the CNC machines for my employer it could make my monthly payments and only require I be present to stop the machine if something goes wrong. Other than that, I want to do fun hobby projects and perhaps sell parts to others that may be interested in the projects. All I want in paying work is maybe 50 hours per year. I can be pretty flexible though, like Iggy mentioned, I can buy stuff and sell for a little profit. I once bought a lathe for $650, replaced the gear shaft, and sold for $1400. I bought a lathe at an auction for $65 and sold for $350. But if I don't make a dime off the shop it will be OK, I'd prefer it pay a little though. The use of the shop under this scenario, is testing, cleaning up, and fixing of the machines for resale. i |
#3
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Starting a home shop?
"Ignoramus27237" wrote The use of the shop under this scenario, is testing, cleaning up, and fixing of the machines for resale. i AND, it is a deductible business expense. Steve |
#4
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Starting a home shop?
On 2009-10-28, SteveB wrote:
"Ignoramus27237" wrote The use of the shop under this scenario, is testing, cleaning up, and fixing of the machines for resale. AND, it is a deductible business expense. This is very true and very important. i |
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