Startup cost: $500 - $5k
The low-end estimate covers basic tools like a hammer, saw, measuring tape, and drill, along with essential safety gear such as goggles and gloves. It also includes a small budget for initial materials like wood and nails. The high-end estimate includes advanced tools like a table saw, miter saw, and power sander, as well as a more extensive inventory of materials. It also accounts for marketing expenses, such as setting up a website and running ads, and potential workshop rental fees. Hidden costs might include tool maintenance and replacement, insurance, and unexpected material costs. Online communities often mention that while starting costs can be low, expenses can increase as the business grows and more sophisticated projects are undertaken.
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