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Episode 9 – Ten Need To Know Items Before Opening A Business

Episode 9  Ten Need To Know Items Before Opening A Business

      Applicable To Many- Targeted To Laundromat / Coin Laundry

      Everybody likes a Top 10 list and these may not be the Top 10 but they are certainly the big ones.

      This information is targeted to a Laundromat / Coin Laundry but most will apply to any small business.

      The percentage of small businesses that fail during the first few years is actually a very sad number. Thousands of people have a dream and open a small business. They have the dream but not all of the information.

        This list has been developed from my own experience. I currently operate 3 successful Laundromats and was fortunate enough to have some guidance at the start and learned the rest very quickly. Unfortunately some of the items came as a surprise.

         The presentation is available at the bottom of the page.


Why SCORE? SCORE offers the nation’s largest, network of free, expert business mentors.

             If you’re just starting a business, SCORE mentors can provide the practical action plan, education and tools you need to open your doors and establish a customer base. Already own a business? Our volunteer mentors can help identify ways to increase profit, improve employee and customer satisfaction, and achieve work/ life balance.


Included in this package:
  • Business Plan Template
  • 3- Year Financial Plan Template
  • Construction and Start Up Actual Costs
  • Renovation Pictures
  • Simple Pro-Forma Layout
  • Demographic Information and Presentation
  • New Store Cost Budgeting Form
  • And so much more
  • All areas of the forms can be edited to fit your location.


An SBA Article on Mentors: ” … according to a 2014 survey by The UPS Store, 70 percent of small businesses that receive mentoring survive more than five years – double the survival rate of non-mentored businesses.”


The Presentation Is Available Here



If you have any comments please post them below.


Ken Barrett

4 thoughts to “Episode 9 – Ten Need To Know Items Before Opening A Business”

  1. Mr. Ken
    This is absolutely the best Introduction to a Laundrymat Business I had heard.

    I enjoyed very much, thank you for the advices they are to the point and are very helpful.

    It is hard to have someone speak from the “truth” let it be to talk about the subject in this case Laundrymats.

    Keep it up, Great work

    Mr. D

    1. Thank you for the feedback. This has been a popular post for Laundromat Owners and other people opening small businesses.

Comments are closed.