You state that your buddy is going to make soft baits but you neglected to mention what you plan to make.
My suggestion to you is go to www.tackleunderground.com and do some reading. Most everyone on that site is a bait maker. You can get info from the simplest to the most complicated bait making (soft plastics, jigs, swimbaits, spinnerbaits, etc.) Do some searches and you will be able to find instructions and pics of how to do most any thing you choose.