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For many of us, the moment we learned that a 2×4 board is actually 1.5 inches x 3.5 inches was simply mind-blowing. The reason for this apparent contradiction is that the board has been planed down to eliminate irregularities. At one point, many years ago, 2x4s actually were 2 inches x 4 inches, but their rough surfaces made them difficult to stock and handle. The old terms, such as 2×4 or 4×4, are still used, and are known as the “nominal” size of the board. These nominal sizes are used because they are easier to say and they stick to tradition. Now, thanks to a lawsuit, most big box stores list the nominal and actual sizes of lumber.

Shop layout is all about making the best use of space. Place your machines so that you have adequate “safe space” that you need to work around them. The “buffer area” beyond that is the amount of room you need to run large stock though a given machine, keeping in mind that buffer areas can overlap between machines. If you want to get more organized, buy some 1/4-inch squared paper, make scale models of each machine including the safe space around each, and place them on your model shop layout. Remember that buffer areas need to be long enough to put an 8' sheet through a table saw, or a 6' plank through your planer, for instance. I raised my planer, so that I can use the area above my router table to pass long planks through the planer – all it takes is some modelling, and a little shuffling, and you will find the layout that works for you. Each space will have chal­lenges; I had the area under the stairs that was wasted space, so I installed the dust collector there.
Tape measure: I know this isn’t a power tool, but it is the one tool that you should always have with you. It is a pet peeve of mine – if you are planning on building something, or you are actually building it, have a tape measure with you. If you are in the shop, on the job site, or even at Home Depot make sure you have a tape measure with you or at least one very handy (Home Depot probably isn’t the best example, since they have them widely available, but you get the point). Without a tape measure, not much beyond rough work can get done.
As the comic George Carlin might say, a shop is mostly just “a place to put your stuff.” The physical aspect of a shop is indeed simply a space of some kind — a garage, a barn, a teepee — that keeps the rain, rust, and robbers away and houses a collection of implements needed to saw, plane, slice, sand, and pound raw wood into useful objects. But just like the difference between a house and a home, what transforms a building full of tools into a comfortable workshop goes beyond the mere physical aspect.