The Laundromat Resource Podcast

48. Get Your Laundromat MBA with Kent Wales

• Jordan Berry, Kent Wales

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Kent Wales is a 15+ year veteran in the laundromat business. He started out owning a self-serve coin laundromat and grew his business and expended into the service sector, offering drop-off and pickup and delivery service.

As a veteran who has taken a business he bought with very little money and grown it into a huge business, he joins us on the show today and offers us a Laundromat MBA. Kent hits all 3 of the main focuses of Laundromat Resource: Buy, Optimize, Scale.

He shares how he bought his first laundromat and gives advice to anyone looking to buy their first laundromat or anyone looking to expand into laundry pickup & delivery.

He talks about optimizing his business and offers great advice to any owner on how to do that.

He then spends a lot of time talking about how to scale your business. He shares very practical and actionable advice!

In this show, Kent and I discuss:

  • How he got into the laundry business
  • Vending machine routes
  • How to buy your first laundromat with little money
  • A lesson learned while arguing with his landlord
  • How to know if a problem is important enough to pursue
  • How to transition from a self-employed laundromat owner to being a business operator
  • The biggest mistake he made (twice) when scaling his pickup and delivery business
  • How to build a great team
  • Strategy to increase prices
  • How to grow your team
  • "None of this is new"
  • Plus, Kent shares a BUNCH of resources to help you succeed!

Get out your notepad and get ready for your Laundromat MBA!

Show Notes
https://laundromatresource.com/show48

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