Tough to beat income earned by doing something with near zero chance of morbidity/mortality and bodily harm, the option to work from home, much higher demand in a much bigger market reducing volatility of at least a certain level of income, low personal liabilities, and vast opportunities for upward movement.
"Carpentry" is "I built a garage/house/cabin".
The first one is where people gravitate, because there are no regulations on cabinet making or woodturning. If you move to carpentry, you need to know what you're doing and build to code.
But he’s a business - decades of experience and contacts and happy referring customers, a lot of money invested in equipment, and big upfront investment in materials for each job.
The old adage over here goes "If you find a reliable electrician/plumber/handyman, hold on to them and take care of them. You can always find a new partner, but a reliable construction person is a rare find."