1. Buy a machine.
2. If it doesn't have one, buy a VFD paying attention to voltage and phase in/out.
3. Read manual.
4. Mount VFD in an enclosure and wire as per manual. Avoid having switches or fuses between the VFD and motor, switching load off on a VFD suddenly can kill them quickly. I always wire the standard machine controls (on a Bport its a big drum switch on the head) into the VFD control circuit. I like to have the proverbial big red mushroom E-stop for safety reasons and will wire in a braking resistor to help slow motors if the red mushroom doesn't stop the machine fast during testing. I also like to have a jog on every machine, on a mill its handy for power tapping, on other machines its a programmed "slow" speed.
5. Program the VFD (ez-peezy when you get into it) and enjoy the machine.
6. Avoid using the cheap "membrane" keypads built into most VFDs except for programming, you'll wear them out if you use them daily to start/stop the machine. Wire in separate start/stop/jog/e-stop switches instead.
I also recommend Teco FM50 VFDs, usually ~$100 from a variety of sources and offer both 110V and 220V models that'll handle a 1 hp Bport.