Ten years ago today, I resigned as editor of Popular Woodworking Magazine, which was the best job I ever had. When I handed my resignation letter to Publisher Steve Shanesy that morning, I wasn’t angry or even disgruntled. The truth was that I had simply lost hope in the company I loved and fought for daily. And I was curious to find out if I could do any better.
There are lots of ways to measure a business. My metrics include: Am I eating? Am I happy? Am I sleeping at night? My old bosses at F+W Media preferred to use top-line revenue and EBITDA.
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So this post is for them. It took us almost 14 years, but thanks to hard work, a good dose of luck, some close friends and a lot of good customers, Lost Art Press is now as big (actually, a little bigger) than Popular Woodworking Magazine was at its peak in the early 2000s in terms of both revenue and EBITDA.
I’m a Southerner, so I must immediately apologize for that small boast, and I swear on a stack of fried chicken legs that it will never happen again. My hope is that, if you are thinking of starting your own business or trying to leave the corporate world, you will find encouragement in that statement.
You can do it. Without a business degree. And with your ethics intact.
Now back to woodworking.
— Christopher Schwarz