June 18, 2024

159. The American Dream is Not a Passive Dream with Sukanth Srivastav

1 hour 23 minutes

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Welcome to another inspiring episode of the Laundromat Resource Podcast! I'm your host, Jordan Berry, and today we're thrilled to have Sukanth Srivastav, co-founder of Turns and a seasoned expert in the laundry business industry, joining us. In this episode titled "The American Dream is Not a Passive Dream," Sukanth shares invaluable insights into the path to success in the laundromat industry.

Together, we delve into the importance of creativity, passion, and dedication in building a thriving laundromat business. Sukanth offers candid critiques of industry gurus and emphasizes that genuine love for your business often leads to profitability. We explore the challenges of navigating conflicting advice, the significance of data-driven decision-making, and the transformative journey of personal and business growth.

Sukanth also uncovers the untapped potential within the industry, stressing the importance of working with the right people, utilizing modern technology, and the power of customer retention and reviews. From personal anecdotes to game-changing strategies, this episode is packed with actionable insights that reinforce the value of hard work and passion in achieving the American dream.

Stay tuned, as we also highlight upcoming events, including a Q&A with Sukanth and a Mastermind Induction Night, where laundromat owners can connect and support each other in their entrepreneurial journey. Let’s dive right in and uncover the secrets to success in the laundromat industry with Sukanth Srivastav!

In this episode, Sukanth and Jordan discuss:

00:00 June 25th q&a and June 26th Mastermind Induction.
08:05 Success isn't formulaic in the laundry business.
14:51 Guy hiding under paperwork, focused on profit.
21:23 Operators making more money but declining satisfaction.
23:00 Buying a house requires love and investment.
32:00 Optimizing online presence crucial for business success.
37:02 Extensive testing improved customer retention by 25%.
40:25 Requesting reviews boost business and confidence.
43:26 Laundromat industry entering data-centered era for optimization.
50:57 Focus on business base, delegate tasks, reach out.
55:45 Persistence and adaptability lead to success.
01:00:42 Competition in laundromat market, seize the opportunity.
01:04:59 In karate, coach's warning leads to improvement.
01:14:05 Value exists even in losses; focus on growth.
01:19:12 Encouraging others to incorporate excitement into work.
01:22:30 Love your business, take action, share insights.

Show Notes

https://laundromatresource.com/show159

Resources

Website: https://turnsapp.com