Ten Need To Know Items Before Opening A Business- Applicable To Many- Targeted To Laundromat / Coin Laundry
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Ten Need To Know Items Before Opening A Business- Applicable To Many- Targeted To Laundromat / Coin Laundry

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Ten Need To Know Items Before Opening A Business ...

Ten Need To Know Items Before Opening A Business
http://www.laundromathowto.com/blog/ten-need-to-know-items-before-opening-a-business
Watch The Video On YouTube
http://youtu.be/AKdirU_KTZ8
Everybody likes a Top 10 list and these may not be the Top 10 but they are certainly the big ones.
This information is targeted to a Laundromat / Coin Laundry but most will apply to any small business.
The percentage of small businesses that fail during the first few years is actually a very sad number. Thousands of people have a dream and open a small business. They have the dream but not all of the information.
This list has been developed from my own experience. I currently operate 3 successful Laundromats and was fortunate enough to have some guidance at the start and learned the rest very quickly. Unfortunately some of the items came as a surprise.

More Information is available at: http://www.laundromathowto.com/

Watch The Video On YouTube
http://youtu.be/AKdirU_KTZ8

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Ten Need To Know Items Before Opening A Business- Applicable To Many- Targeted To Laundromat / Coin Laundry Ten Need To Know Items Before Opening A Business- Applicable To Many- Targeted To Laundromat / Coin Laundry Presentation Transcript

  • These items are targeted to Laundromats but Ken Barrett Ken@KBarInc.com 800-792-1941 LaundromatHowTo.com These items are targeted to Laundromats but apply to most Brick And Mortar Businesses
  • What Is Your Why? This is the most important part. Ask Yourself “Why Do I Want To Do This?” Before you start any business you need to have a dream and a vision. Once you know your Why, then you can start.
  • Certified Public Accountant CPA You are going to run a business, not a hobby.hobby. Make sure you get the right advice up front and your business is set up right. Tax ID – EIN
  • Attorney On-line Local OWNER Local INC Business #3 LLC Business #2 LLC Business #1 LLC
  • Business License City CountyCounty State
  • Commercial Bank Account Setup a Business Bank Account Debit Card Confirm bank has no fees to accept large amounts ofConfirm bank has no fees to accept large amounts of cash and quarters. Choose a business friendly bank
  • Insurance Variables: Hours of Operation Inventory IncomeIncome Equipment Replacement Costs Previous Claims Credit Score
  • Taxes City County State FederalFederal Sales Tax Business Privilege Tax Equipment Tax Employee Withholding Tax
  • Demographics Location LocationLocation Location
  • Planning, Zoning and Building Electrical Structural Gas Piping SignsSigns Restrooms Accessibility Zoning Restrictions
  • Mentor Where do you go for advice and support?and support?
  • Laundromat How To Information on Laundromat Renovations, Operation and Management. LaundromatHowTo.com Ken@KBarInc.com 800-792-1941 Ext 2