The Handcrafted Podcast: The Business of making things

The Five Game-Changers That Took My Business to the Next Level


Listen Later

Join the Network

Summary:


In this episode, Paul reflects on the five foundational decisions that fundamentally changed the trajectory of Philadelphia Table Company—and later, the Handcrafted Network. Looking back at more than a decade of growth, he breaks down the mindset shifts, operational upgrades, and financial disciplines that allowed him to move beyond survival mode and build a real, sustainable business.

As makers gear up for a new year, Paul challenges listeners to stop repeating the same patterns and start taking ownership of the habits that lead to real growth. This episode serves as both a blueprint and a push—a clear look at what actually moves a woodworking business forward.

Key Takeaways:


  • Hiring is the ultimate unlock.
    Bringing people into the business—even part-time—freed Paul from the day-to-day grind and helped him scale. Every major leap in the company’s growth followed a hiring decision.
  • Systems and processes create freedom.
    Documenting workflows, mapping the customer journey, and using tools like Trello allowed Paul to step back, delegate effectively, and eliminate decision fatigue.
  • Cost analysis changed everything.
    Tracking hours, materials, and true margins on every project exposed the gap between what he thought he earned and what he actually earned. Profitability became intentional—not accidental.
  • Asking for help accelerates growth.
    Joining masterminds, finding mentors, and building a network of advisors helped Paul see blind spots he couldn’t see alone. Even the best builders need coaches.
  • Raising prices is essential—not optional.
    Higher pricing created a healthier business, enabled hiring, funded marketing, and positioned PTC as a luxury brand. When every quote is accepted, prices are too low.

If you have questions for a future Office Hours episode, send them to [email protected]
.


Join the Network

...more
View all episodesView all episodes
Download on the App Store

The Handcrafted Podcast: The Business of making thingsBy Paul Mencel

  • 5
  • 5
  • 5
  • 5
  • 5

5

6 ratings


More shows like The Handcrafted Podcast: The Business of making things

View all
The EntreLeadership Podcast by Ramsey Network

The EntreLeadership Podcast

4,415 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,840 Listeners

The Rich Roll Podcast by Rich Roll

The Rich Roll Podcast

11,895 Listeners

Making It With Jimmy Diresta, Bob Clagett and David Picciuto by I Like To Make Stuff

Making It With Jimmy Diresta, Bob Clagett and David Picciuto

1,683 Listeners

Wood Talk | Woodworking by The Wood Whisperer

Wood Talk | Woodworking

1,533 Listeners

The School of Greatness by Lewis Howes

The School of Greatness

21,189 Listeners

Modern Craftsman by Modern Craftsman

Modern Craftsman

1,138 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,446 Listeners

The Product Boss: Business Coaching for Product-Based Female Entrepreneurs by Jacqueline Snyder

The Product Boss: Business Coaching for Product-Based Female Entrepreneurs

890 Listeners

Shop Talk Live - Fine Woodworking by FineWoodworking.com

Shop Talk Live - Fine Woodworking

1,315 Listeners

Woodshop Life Podcast by Woodshop Life Podcast

Woodshop Life Podcast

446 Listeners

Shannon's Lumber Industry Update by Shannon Rogers

Shannon's Lumber Industry Update

351 Listeners

Shop Sounds Podcast by Keith Johnson

Shop Sounds Podcast

396 Listeners

Search Engine by PJ Vogt

Search Engine

4,547 Listeners

The Economics of Everyday Things by Freakonomics Network & Zachary Crockett

The Economics of Everyday Things

1,660 Listeners