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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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• Mr. Money Mustache's Shockingly Simple Math Behind Early Retirement
• Coin Laundry Association

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• Laundromat Resource Forums
• Cash Flow Board Game
• Cash Flow Quadrant
• Rich Dad, Poor Dad
• Entre Leadership
• The Richest Man in Babylon
• The Ideal Team Player

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