Like weld said, if its just a hobby shop just to the essentials and get creative with it lol. I'm saving up for my BS-250 bandsaw but for the time being I'm kicking right along with just a portaband and a steady hand with the grinder. It may be a little slow and not PERFECT but it gets the job done.
Stick to a good welder, mitering headed bandsaw, grinder, drill press, and a sweet sweet welding/fab table till you see it absolutely necessary for something like a space eating sheet metal brake or stomp shear and stuff of that nature.
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