1 hr 6 min
From Poverty to Millions Through Laundromats with Dave Menz BiggerPockets Business Podcast
-
- Careers
If you've found this show, you probably have that entrepreneurial itch... and you've probably wrestled with just how to turn that impulse into action.
Well, that transition is exactly what today's show is about... so don't miss it.
Our guest Dave Menz shares his journey from poverty, to a corporate career, to taking the plunge into business and turning a struggling laundromat into a cash-flowing asset producing generational wealth (then scaling up).
And Dave pulled this off with no formal business training!
As he says in the episode, "If you want to see me accomplish something, tell me I can't do it."
Tell us what you think in a rating or review on Apple Podcasts (it takes just 30 seconds), and subscribe to the BiggerPockets Business Podcast in your favorite podcast app so you won't miss the next one.
In This Episode We Cover:
Overcoming "programming" from parents and school and choosing a different path
Why Dave left his corporate career to start a business
Why "the process" is more important than "the product"
How he decided on laundromats
How he negotiated the purchase of his first laundromat
Writing a business plan and getting an SBA loan
Starting a business while working full-time
How he improved laundromat operations to become profitable
Scaling up and acquiring additional laundromats
Creating synergy among his businesses
Relentlessly focusing on serving his community
And SO much more!
Links from the Show
BiggerPockets
BiggerPockets Podcast Guest
BiggerPockets Podcast
Check the full show notes here: http://biggerpockets.com/bizshow56
Learn more about your ad choices. Visit megaphone.fm/adchoices
If you've found this show, you probably have that entrepreneurial itch... and you've probably wrestled with just how to turn that impulse into action.
Well, that transition is exactly what today's show is about... so don't miss it.
Our guest Dave Menz shares his journey from poverty, to a corporate career, to taking the plunge into business and turning a struggling laundromat into a cash-flowing asset producing generational wealth (then scaling up).
And Dave pulled this off with no formal business training!
As he says in the episode, "If you want to see me accomplish something, tell me I can't do it."
Tell us what you think in a rating or review on Apple Podcasts (it takes just 30 seconds), and subscribe to the BiggerPockets Business Podcast in your favorite podcast app so you won't miss the next one.
In This Episode We Cover:
Overcoming "programming" from parents and school and choosing a different path
Why Dave left his corporate career to start a business
Why "the process" is more important than "the product"
How he decided on laundromats
How he negotiated the purchase of his first laundromat
Writing a business plan and getting an SBA loan
Starting a business while working full-time
How he improved laundromat operations to become profitable
Scaling up and acquiring additional laundromats
Creating synergy among his businesses
Relentlessly focusing on serving his community
And SO much more!
Links from the Show
BiggerPockets
BiggerPockets Podcast Guest
BiggerPockets Podcast
Check the full show notes here: http://biggerpockets.com/bizshow56
Learn more about your ad choices. Visit megaphone.fm/adchoices
1 hr 6 min