I’ve been experimenting with a French cleat system in the workshop which helps me stay organized. The way it works is that you cut a sheet of plywood (you can use any wood really but plywood tends to be stronger) at a 45 degree angle and about 3 1/2 inches wide. attach it to the wall with the angle side in. Now you can make accessories like I did here. Simply cut another piece of plywood this time 1 1/2 inches wide and screw and glue it to your accessory and it hangs on the original board. The beauty here is you can arrange your shop any way you want and if you change your mind just move the accessory.
Check out this video for more info. http://youtu.be/szad36MmvQQ