These items are targeted to Laundromats but
Ken Barrett
Ken@KBarInc.com
800-792-1941 LaundromatHowTo.com
These items are t...
What Is Your Why?
This is the most important part.
Ask Yourself “Why Do I Want To Do This?”
Before you start any business ...
Certified Public Accountant
CPA
You are going to run a business, not a
hobby.hobby.
Make sure you get the right advice up
...
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 ofConfir...
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...
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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
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

  1. 1. 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
  2. 2. 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.
  3. 3. 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
  4. 4. Attorney On-line Local OWNER Local INC Business #3 LLC Business #2 LLC Business #1 LLC
  5. 5. Business License City CountyCounty State
  6. 6. 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
  7. 7. Insurance Variables: Hours of Operation Inventory IncomeIncome Equipment Replacement Costs Previous Claims Credit Score
  8. 8. Taxes City County State FederalFederal Sales Tax Business Privilege Tax Equipment Tax Employee Withholding Tax
  9. 9. Demographics Location LocationLocation Location
  10. 10. Planning, Zoning and Building Electrical Structural Gas Piping SignsSigns Restrooms Accessibility Zoning Restrictions
  11. 11. Mentor Where do you go for advice and support?and support?
  12. 12. Laundromat How To Information on Laundromat Renovations, Operation and Management. LaundromatHowTo.com Ken@KBarInc.com 800-792-1941 Ext 2

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