56: From Poverty to Millions Through Laundromats with Dave Menz

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