Just how small? Will you have an extra bedroom for your shop or will you be doing woodworking in your living room? Do you have to put the projects and tools away every time you want to entertain or will you leave everything set up all the time? A while back FWW had a video tour of a shop in Japan that was smaller than small. I'll try to find it and get back. Found it... shows what can be done in a small space but this shop was not on a small budget so no help there.
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