How To Launch a Laundromat | Overview of P&L Statement For Year 1

In today’s episode we review the P&L statement for 2019 for Keith’s Laundromat business and talk about the business plan and results. We talk about our ramp plan for launching the business over the first year. We invite you to look at our ramp plan model and watch a video overview at <a href="https://dincpie.com/" rel="noopener">https://dincpie.com/</a>. We break down how we calculate and measure our revenue. We walk through our sales figures by line item, and compare it to our targets. We talk about what we did to meet or exceed our target sales, and also discuss where we could have improved when we didn’t meet our quotas. We recommend Curbside Laundry’s template for your website, and then we walk through our expenses for the year, particularly on advertising. We finish by giving additional tips for running your business. <br /><br />-Background, Breakdown of Our Ramp Plan 0:55<br />-Walk Through of Sales By Line Item; Struggle With Wash and Fold 6:00<br />-Replacing Website; Breakdown of Expenses 14:57<br /><br />“So until you rank through your SEO work and you rank organically, if you want to show up, you gotta buy ads, and that’s just the way it goes, man. And ads are expensive, and so some of that spend -- probably $5000 of that overspend -- is on Google ads.” 18:38<br /><br /><a href="https://www.curbsidelaundries.com/" rel="noopener">https://www.curbsidelaundries.com/</a><br /><br />Reach Out To Keith, Get Help and Resources: <a href="https://dincpie.com/" rel="noopener">https://dincpie.com/</a>