2020 Review | 2021 Outlook for My 3 Laundromats $$$$

In today’s episode I go over how the year 2020 went, and then give you my plan and what I’m expecting for the new year going forward. I talk about business depreciation and expenses you will face as a business owner, which will provide you with tax breaks and help you stay afloat. I’m also going to be opening a 4th laundromat here soon and I tell you about what’s going on there. For this year, I plan to make 1.1 million in revenue for the low end of my plan, and the high end of my plan is 1.3 million. I also go over the top 5 expenses I face for this business and what percentage they each take. <br /><br />Depreciation 2:25<br />How did the laundromats do? 7:52<br />2021 plan 16:13<br />Top 5 expenses 22:14<br /><br />“If you’re 40 years old, when you’re 43 you could have 3 laundromants. And when you’re 50, those laundromats could be paid off and that $556,000 that is the high end of my plan for 2020, with no debt, that’s what would be going into your pocket.” 21:28<br /><br /><a href="mailto:Harry@dincpie.com">Harry@dincpie.com</a><br />Reach Out To Keith, Get Help and Resources: <a href="https://dincpie.com/" rel="noopener">https://dincpie.com/</a>