Perhaps the most satisfying move I made was to automate the dust collection system. I used the iVACPro system to link all machines to the dust collector. When I turn on any machine in the shop, the dust collector fires up and whisks the dust into the bin. The system also has a programmable delay to allow the dust to make it to the bin before the dust collector shuts down. I set my system for a five-second delay. The system works flawlessly for my band saw, planer, and router table at 115 volts, and also my table saw and jointer at 240 volts. 
I looked around at many versions of Taiwanese drill presses. I ended up purchasing the Ridgid DP15501 15" drill press because I liked the way the quill stop was made, the work light, key stor­age, and the easy access to the belt change system. This machine was also on sale when I needed it, so that made it a slam dunk. Choose the one that suits you, as they’re all very similar. The table is large enough, and the distance to the column is large enough to allow you to do most anything a small shop needs. 
Chop saw (compound miter saw): I do a mix of woodworking from furniture to built-ins and even finish carpentry, and I find myself regularly using the chop saw. Even if used for nothing more than roughly cutting a long board into two shorter ones to fit in a car, this tool earns its keep. It is especially useful (with the help of an outfeed table) on long pieces that are precarious to push through a table saw. But, since a table saw with a jig can perform many of the same functions, this tool doesn’t make it to the essential list. With that said, I expect to have a chop saw wherever I am working, whether it be in the shop or at an install. If this was a post about on-site woodworking and trim carpentry, the chop saw might be the #1 tool.
Click the image at right, and start building the ideal workflow at the bottom where you see the first red arrow. This arrow crosses through one roll-up door of a typical two-car garage. Note that if the right-hand window were not present, you could place lumber storage closer to the entrance, which would also allow for easier passage onto the jointer. Work flows from the jointer to the planer and the table saw, then ideally onto an outfeed table near position #2 in the diagram. From #2, proceed left to the assembly area (pictured below).
Unless you’re a big fan of frequent shop remodeling, planning the layout of your workshop early in its development will save you a lot of time and trouble and also can keep you from spending years in an uncomfortable, poorly organized space. And if you already work in a shop that’s as organized as a trailer park after a tornado, careful planning and a little remodeling is likely to help you make a quantum leap.