I wouldn't know whether it is possible to make money with a WoodMizer... I run a
Norwood portable sawmill. As with any business, a lot of people fail or succeed with small sawmills for a variety of reasons. If you start out cash-poor and have to make payments on equipment, chances are exceedingly slim. If you can start out with the equipment paid for AND have a 2 year savings account (or an understanding spouse with a good job), you've got a good start. A couple of suggestions:
Get good, reliable equipment that can grow with your business.
When you budget equipment, remember support equipment... chain saws, loader, flatbed truck & trailer, cant hooks...
Take care of your equipment
Stay out of mass markets (like pallets)
Focus on a niche that suits you and your equipment
Be open to new ideas and markets (such as custom woodworkers)
Look for ways to expand your service (custom drying & planing, for example)
Line up a reliable source of logs and keep on good terms with area loggers
If a job won't cover your expenses (including paying yourself), don't take it
Keep track of your income and expenses
Let your friends on the forum know how you're getting along