Hard work pays - Router Forums
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post #1 of 10 (permalink) Old 06-17-2018, 01:12 PM Thread Starter
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Default Hard work pays


Hope this loads.


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post #2 of 10 (permalink) Old 06-17-2018, 01:15 PM
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This would have been the week that I'd have finished chewing thru the restraints...
If only new layers hadn't been added....

Forget the primal scream, just ROAR!!!
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post #3 of 10 (permalink) Old 06-17-2018, 01:37 PM
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Exquisite work coming out of that shop. Like all businesses, it shows the impact of effective marketing. He could easily have stopped with boat making, but pressed on and attracted high end customers for whom a million dollar staircase was worth it. Imagine the feeling of making a grand entrance on that staircase, to a room full of rich and influential people.

In terms of money, it's fair to say that any employee has to produce 5 to 10 times revenue as their pay rate, per year. So 50 employees means a $35 to $50 million gross. A business like that probably operates at a 30 percent profit margin (conservative), which gives about a $12- $15 million net for the owner. He's probably one of the crowd watching that staircase grand entrance, which is where his customers are, including those who get to commission expensive public projects.

This is a great lesson in marketing for anyone who ever wished they could make a living doing specialty, high-end work.
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post #4 of 10 (permalink) Old 06-17-2018, 01:56 PM
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Great article. Thanks, Jon.

Gene Howe
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post #5 of 10 (permalink) Old 06-17-2018, 06:52 PM
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Don't care to make stuff that high end, or anywhere like that, but do like the hand work. One of many reasons I will never have a CNC machine - sorry guys. Hehehe
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post #6 of 10 (permalink) Old 06-17-2018, 08:43 PM
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Thanks, Jon.

"The difference between genius and stupidity is that genius has its limits". Albert Einstein
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post #7 of 10 (permalink) Old 06-17-2018, 09:35 PM
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Great article.

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post #8 of 10 (permalink) Old 06-18-2018, 12:23 AM Thread Starter
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Pleased it worked.

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post #9 of 10 (permalink) Old 06-18-2018, 02:06 AM
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@ Stick486,The projects that you & your company made were just as beautiful if not more-so. Best wishes, James jj777746

You can't drive a bridge spike with a tack hammer(so I'm told)
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post #10 of 10 (permalink) Old 06-18-2018, 09:16 AM
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It makes my projects look like school boy efforts.


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