
Coin-Operated Laundry: Entrepreneur's Step-by-Step Startup Guide
Description
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The problem with most high-profit businesses is that you spend so much time on the job that you have little free time to enjoy the fruits of your labor. But coin-operated laundries are different. They're low-maintenance, recession-proof, and you can make as much as $200,000 a year working only part-time hours. But you have to know what you're doing. And with our guide, you will.
You'll get an in-depth overview of the industry (where its been and where it's likely to go) and learn everything you need to know before launching your own self-serve laundry business including:
New ideas for marketing your laundry
An expanded section on hiring and training attendants
Updated information on card systems
Recent advances in laundry equipmen
The latest on laws and regulations concerning laundries
More ways to combine a laundry with other businesses
You'll also get first-hand advice from successful coin-op laundry owners on how to create an inviting atmosphere that will draw customers in and keep them coming back.
Clean clothes are a necessity, not a luxury. People are going to use laundromats no matter how the stock market is performing. So if you're looking for an easy-to-run business that will keep the cash flowing no matter how the rest of the economy is doing, you've found it.
And while you're at it, why not order our Vending Business guide, too? It makes an ideal companion business and it's a great way to augment your income.
This kit includes:
. Essential industry and business-specific startup steps with worksheets, calculators, checklists and more.
. Entrepreneur Editors' Start Your Own Business, a guide to starting any business and surviving the first three years.
. Downloadable, customizable business letters, sales letters, and other sample documents.
. Entrepreneur's Small Business Legal Toolkit.
More details
Content
- Cover
- Title Page
- Additional titles in Entrepreneur's Startup Series
- Copyright Page
- Coin Operated Laundry: Entrepreneur's Step by Step Startup Guide, 2nd Edition
- Preface
- 1 - The New Laundromat
- Laundromat Renaissance
- The Good News
- The Bad News
- The Annals of Laundromats
- The Laundromat Life
- 2 - Is It for You?
- No Experience Necessary
- The Laundromat Personality
- Suit Your Style
- The Daily Routine
- 3 - Locating Your Market
- Location, Location, Location
- Who Goes There?
- The Competition
- Other Pieces of the Puzzle
- On a Mission
- 4 - To Buy or Build?
- When to Build
- When to Buy
- 5 - The New Laundromat
- Start-Up Costs
- For Example ...
- Finding the Money
- Choosing a Structure
- 6 - Calling in the Experts
- Distributors
- Consultants
- Contractors
- Designers
- Repairpersons
- Other Expertise
- 7 - Getting Equipped
- Machine Basics
- In Hot Water
- The Card Advantage
- Happy with Coins
- 8 - Dressing the Store
- General Guidelines
- Setting Yourself Apart
- 9 - The Attended Laundry
- Wash-and-Fold
- Dry Cleaning
- Attending Your Laundry
- 10 - Promoting Your Store
- Of Advertising and Laundries
- 11 - Counting the Coins
- Balancing the Books
- The Bottom Line
- The Price Is Right
- Tax Time
- 12 - Staying on Top
- Vandals and Thieves
- Staying Out of Court
- Cutting Costs
- Keys to Success
- Appendix - Home Inspection Resources
- Glossary
- Index
- Start Your Own Business, 5th Edition
- Editor: Marla Markman
- Foreword
- ON YOUR MARK ...
- part 1 - THINK
- chapter 1 - INTRODUCTION
- chapter 2 - TAKING THE PLUNGE
- The Entrepreneurial Personality
- Your Strengths and Weaknesses
- Go For the Goal
- chapter 3 - GOOD IDEA!
- Just Do It!
- chapter 4 - GOOD TIMING
- Market Matters
- Financial Plan
- Family Affairs
- Getting Personal
- Decisions, Decisions
- chapter 5 - BUILD IT OR BUY IT?
- Buying an Existing Business
- Buying a Franchise
- Calling All Franchisees
- Buying a Business Opportunity
- part 2 - PLAN
- chapter 6 - CHOOSE YOUR TARGET
- Practicing Nichecraft
- On a Mission
- chapter 7 - IF YOU BUILD IT, WILL THEY COME?
- What It Is, What It Does
- Market Research Methods
- Secondary Research
- Primary Research
- chapter 8 - THE NAM E GAME
- Expert Assistance
- What Does It Mean?
- Making It Up
- Namestorming
- Testing, Testing
- Final Analysis
- Say It Loud
- chapter 9 - MAKE IT LEGAL
- Sole Proprietorship
- Partnership
- Corporation
- Limited Liability Company
- The Nonprofit Option
- chapter 10 - PLAN OF ATTACK
- Executive Summary
- Business Description
- Market Strategies
- Competitive Analysis
- Design and Development Plan
- Operations and Management Plan
- Financial Factors
- A Living Document
- chapter 11 - CALL IN THE PROS
- Hiring a Lawyer
- Hiring an Accountant
- part 3 - FUND
- chapter 12 - ALL IN THE FAMILY
- Do It Yourself
- Friends and Family
- How Much Is Enough?
- chapter 13 - NOTHING VENTURED, NOTHING GAINED
- Equity Basics
- Venture Capital
- Earth Angels
- chapter 14 - LOOKING FOR LOANS
- Types of Loans
- Sources of Financing
- Applying for a Loan
- chapter 15 - FED FUNDS
- 7(a) Guaranty Loan Program
- Making the Most of the SBA
- Granting Wishes
- part 4 - PREPARE
- chapter 16 - WHAT'S YOUR DEAL?
- What Is Negotiation?
- Preparing for Negotiation
- What Do You Want?
- The Negotiation Process
- Everything Is Negotiable
- chapter 17 - SITE SEEKING
- Types of Locations
- Issues to Consider
- What Can You Expect To Pay?
- Commercial Leases
- chapter 18 - LOOKING GOOD
- Office Space
- Designing a Logo
- Business Cards
- Selecting Stationery
- Designing Your Sign
- chapter 19 - STOCK ANSWERS
- Inventory Control
- Inventory Accounting
- Suppliers
- chapter 20 - IT'S IN THE MAIL
- Mailing Equipment
- chapter 21 - CHARGING AHEAD
- Establishing a Credit Policy
- Accepting Checks
- Accepting Credit Cards
- Accepting Debit Cards
- chapter 22 - COVER YOUR ASSETS
- Basic Insurance Needs
- Choosing an Insurance Agent
- Insurance Costs
- chapter 23 - STAFF SMARTS
- How To Hire
- Alternatives to Full-Time Employees
- chapter 24 - PERK UP
- Benefit Basics
- Health Insurance
- Retirement Plans
- Low-Cost Benefits
- Employee Policies
- Workplace Safety
- Discriminatory Treatment?
- part 5 - BUY
- chapter 25 - BUYER'S GUIDE
- Cost Cutters
- Wise Buys
- chapter 26 - BUSINESS 24/7
- Equipping Your Virtual Office
- Being Well-Connected
- Choosing Partners
- Office Productivity Software
- chapter 27 - NET WORKS
- Sounds Like a Plan
- The Name Game
- Website Basics
- chapter 28 - KEEP IN TOUCH
- Do Your Homework
- Just the Beginning
- Talk Is Cheap
- Which Smartphone Is the Smartest?
- At Your Service
- Wireless Wonders
- I'm IMing
- Web Calling
- It's Your Turn
- part 6 - MARKET
- chapter 29 - BRAND AID
- What Is Branding, Exactly?
- Building a Branding Strategy
- Bringing It All Together
- Read All About It
- chapter 30 - MARKETING GENIUS
- Creating a Marketing Plan
- Where to Advertise
- Print Advertising
- Radio and TV Advertising
- Direct Mail
- Classified Ads
- Co-Op Advertising
- Measuring Advertising Effectiveness
- chapter 31 - TALKING POINTS
- Getting Publicity
- Special Events
- Networking
- chapter 32 - SELL IT!
- Understanding Your Unique Selling Proposition
- Cold-Calling
- Making Sales Presentations
- Speaking Effectively
- chapter 33 - NOW SERVING
- Building Customer Relationships
- Customer Service
- part 7 - ENGAGE
- chapter 34 - NET SALES
- A Marketing Tool
- Attracting Visitors to Your Site
- Keeping Visitors at Your Site
- chapter 35 - SOCIAL STUDIES
- Engaging Online Tools
- Video Marketing
- Overview of Social Bookmarking Sites
- Content Marketing Online
- Social Marketing Automation
- chapter 36 - CAN YOU RELATE?
- High-Level Networking
- Target Market Connections
- Groups and Discussions
- Fan Pages
- Media Connections on Social Sites
- Center of Influence List
- part 8 - PROFIT
- chapter 37 - KEEPING SCORE
- The Bookkeeping Advantage
- Basic Accounting Principles
- Accounting System Components
- Cost Accounting
- Under Control
- Financial Statements
- chapter 38 - MAKING A STATEMENT
- Creating Financial Statements
- Cash-Flow Analysis
- chapter 39 - ON THE MONEY
- Gross Profit Margin and Markup
- Break-Even Analysis
- Working Capital Analysis
- Building a Financial Budget
- Sensitivity Analysis
- chapter 40 - PAY DAY
- What You Need
- What You're Worth
- What Your Business Can Afford
- chapter 41 - TAX TALK
- First Things First
- Ins and Outs of Payroll Taxes
- Declaration of Independents
- Selecting Your Tax Year
- Filing Your Tax Return
- Sales Taxes
- Tax-Deductible Business Expenses
- Tax Planning
- appendix - BUSINESS AND GOVERNMENT RESOURCES
- GLOSSARY
- INDEX
- Subscribe to Entrepreneur Magazine
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