starting with a piece of seasoned osage, the only tools i use are:
draw knife
4 way rasp
scraper
chain saw file for nocks
sandpaper
of course i also have a homemade bench(just that a flat bench)
and a wood clamp to hold the stave in place while working it
also a tillering stick as that stage comes round( 2 x 2 with slots cut at an angle for the string marked at every inch from 12-28")