Your Weekly Dose Waleed Cope

Waleed Cope is an entrepreneur who has built his own business, The Soap Box" from the ground up with his team. He started by buying his families laundromat Cope Brothers & Son's and now he owns The Soap Box that provides pickup and delivery services to all of NYC! If you're thinking about how to start your own laundry pickup & delivery, then listen in on this discussion panel where Waleed will talk through what it takes to start a Pickup & Delivery service for your laundromat (and give advice).

Check your ego at the F@$king door and build something great with the people around you.

When people feel insecure about something, they look around for validation. Show them that other people trust you.
-Francisco Rosales

Are your invoicing and collections processes bring your profits in?

There's an opportunity cost to not getting your money into your business as quickly as possible.

What ways can you make it more streamlined for your clients/customers to be able to pay you as easily and quickly as possible?

The communication between you and your tax professional should be a two way street.

Ask Questions.
And then ask more questions.

Know your flow.. cash flow that is.

Reviewing and understanding your P&L, Balance Sheet, etc. are super important.

In between those times you can be taking a look at your banking statements and look at whats going out and coming in.

You'll be surprised what you can spot by just looking through your statement.

Those small recurring charges can sneak past sometimes, but when you go line by line on that statemnet you'll catch them.