My bikes share a garage workshop with home maintenance, some woodworking, hobbies, and light fabrication for a small business. I'm a big fan of the "visual workspace," where everything you need is in plain sight. So I've got my most frequently used tools on a wall hanger, including bike tools. But I don't have space for a work stand. Sometimes I clamp a 2x4 to my workbench and hang a bike from it.