Determine which end is best suited for the nock taper. The point taper can wait till the last when you're ready to mount the point/head.
Taper the shaft to receive the nock, but do not install nock at this time.
With Whiffen disposible taper tool
With "Best" taper tool with replacable blades
Tapered shaft (I believe it is a 7 degree taper)
These particular shafts were pre-nock tapered. Demo pics are for illustration purposes only.