3 answers
kavon
Student
Joliet, Illinois
4
Questions
Updated
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how would I build my own furniture making business?
My dream is to build my own company to build homes and shelters for people who cannot afford such as being homeless or who cannot find housing.
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3 answers
Marion Chen
ISM Digital Sales Executive
10
Answers
Philadelphia, Pennsylvania
Updated
Marion’s Answer
It sounds like you're looking to create a nonprofit, which is great! First, I recommend you officially create a nonprofit. This will give you access to tax benefits as well as grants. Look to your local community to source materials as well and understand how you will be able to source materials / labor. As with all non profits, you'll need to have a solid plan for fundraising so you can stay afloat and make a plan for continuation. Where will you build houses? How will they be maintained? Include this all as part of your business plan and then start to execute.
Justin O'Connor
Consulting
1
Answer
Saint Paul, Minnesota
Updated
Justin’s Answer
What a great endeavor to think about, you must have a big heart!
Building a business is challenging in all sorts of ways, and an idea like this (likely non-profit) will come with its own unique challenges. I suspect one of those main challenges is going to be funding, how will your business stay afloat and keep things rolling forward without a client being able to pay for your services directly? Branding and maintaining funding is going to be a huge boon because you will then be able to focus on your mission and your work. If you don't think that side of the business is really up your alley, it's important to know that others are out there who like to partner up to accomplish things like this, so don't be afraid to TALK about your idea to others and get a feel for potential partner to get it going!
Building a business is challenging in all sorts of ways, and an idea like this (likely non-profit) will come with its own unique challenges. I suspect one of those main challenges is going to be funding, how will your business stay afloat and keep things rolling forward without a client being able to pay for your services directly? Branding and maintaining funding is going to be a huge boon because you will then be able to focus on your mission and your work. If you don't think that side of the business is really up your alley, it's important to know that others are out there who like to partner up to accomplish things like this, so don't be afraid to TALK about your idea to others and get a feel for potential partner to get it going!
Todd M Bowlsby
Manager, Technology Consulting
2
Answers
Grand Junction, Colorado
Updated
Todd M’s Answer
I agree with Marion's response.
However, in addition, I would suggest:
- Research any grant funding you may aspire to qualify for once you start your nonprofit
- Educate yourself on what it takes to construct homes and/or furniture, so you have an understanding of how it works and the related costs
- Make sure you understand how business overall works - e.g., taking college courses, etc.
- Ensure you have at least a basic understanding of nonprofit accounting - e.g., how it essentially works, financial statements, etc.
- Ensure you have a basic understanding of marketing, websites, social media, and the like - this will be essential for fundraising
I hope that helps you out!
However, in addition, I would suggest:
- Research any grant funding you may aspire to qualify for once you start your nonprofit
- Educate yourself on what it takes to construct homes and/or furniture, so you have an understanding of how it works and the related costs
- Make sure you understand how business overall works - e.g., taking college courses, etc.
- Ensure you have at least a basic understanding of nonprofit accounting - e.g., how it essentially works, financial statements, etc.
- Ensure you have a basic understanding of marketing, websites, social media, and the like - this will be essential for fundraising
I hope that helps you out!