49. How To Start and Grow a Laundry Service Business - With John Teasley

In this episode Justin speaks with John Teasley on how he started and grew his laundry service business. 00:00 Introduction and Personal Background 01:07 Acknowledging Recent Tragedy in Maui 01:46 The Idea of a Laundry Business 02:08 Introduction to John Teasley 02:47 The Fascination with Laundry Business 03:19 The Importance of Business Fundamentals 04:03 Inviting John Teasley to the Podcast 04:43 John Teasley's Journey into Laundry Business 05:07 Transitioning from Corporate America to Entrepreneurship 06:14 The Inspiration Behind Laundry Business 10:13 The Process of Starting a Laundry Business 10:25 The Role of Financial Situation in Starting a Business 14:24 The Importance of Having a Mentor or Partner 15:00 Two Paths to Starting a Laundry Business 15:55 Adding Value to the Laundry Business 16:41 Building Commercial and Residential Accounts 17:07 Marketing Strategies for Laundromat Business 17:29 Understanding the Drop-off and Pick-up Service 18:40 The Complexity of Pick-up and Delivery Service 19:53 Transition from Part-time to Full-time Laundromat Business 20:08 The Growth and Success of the Laundromat Business 21:08 The Team Structure and Expansion Plans 26:33 The Hiring Process and Employee Management 27:42 Future Plans and Business Growth 29:08 Advice for Aspiring Entrepreneurs 30:49 Closing Remarks and Appreciation To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Learn more about your ad choices. Visit megaphone.fm/adchoices