The kind of tools that you will need for your business will depend on the type and size business you are planning. If you want to start a small woodworking business for instance, then having simple hand tools will prove to be adequate. On the other hand, if you wanted to have a large scale production then you would need to plan on purchasing heavier machinery. Make sure that the space you plan to use is adequate.

You need to clearly marke out your niche. You might need to copyright any products you make to avoid cases where people can steal your ideas for their own benefit.

If you are going to be selling items, you will need a “license to collect tax” from your state.

If you are using a fictitious name (something other than your own 1st or last names), that will have to be registered with your state.

Make sure you advertise. Know that you are no longer doing your hobby just for the fun of it. There are many ways that you can advertise your business. These days, EVERY business uses the internet in one way or another. Using the internet means you will need you to put up a website. A website allows you to display any products or explain the extent of your services without the need for a store-front or office. With the website you will be able to tap into potential markets that extend far beyond your local neighborhood. More about websites later.

Of course you can also make use of word of mouth. Inform your friends and neighbors of your business. This is a very inexpensive way of getting your word out there.

Perhaps have flyers or door-knockers made up to pass around you neighborhood.

Use the internet to get check on your competition, to help determine what you need to do to keep competitive in this ever changing world. 

As your business grows (Or maybe event to just get started), you may find a need for capital.  Here’s a guide to help you get started along that path.