I am considering leaving my corporate sales job and taking a shot at some sort of woodworking business. It seems to me that cabinetmaking is in demand and would provide the most stable income.
I’ve been working with wood for about 20 years as a hobbyist and have sold about 30 pieces in the past 3 years; mostly jewelry boxes, humidors, tables, etc. I have some limited experience building cabinets.
I currently make a very good low 6 figure salary but have had about all of the negativity and corporate BS that I care to live with. I am vested but cannot draw any income until I turn 57 – I’m 44 now.
- How did some of you guys start? I hope to be able to take on some small jobs while still working to build up my “war chest” so I can leave in a year or so.
- It seems to me that kitchen cabinets and built-in’s offer a large profit margin when comparing material costs and labor (at least in my limited experience). Am I way off base or pretty close?
Thanks in advance for your opinions.