The business is managed by the owner, who has extensive leadership and management skills as well as an innovative and creative character. The salaries are shown in the personnel plan table. As Mr. Mihn Duong already has a steady income from his power tool shop, his salary will be less than what would be expected if this was his sole source of income. Minh Duong is an ambitious, hardworking, philosophical leader and businessman. He has extensive business experience, and knowledge in various fields including retail sales, service and the Internet industry.
Bookstore Business Plan Sample [ Updated] | OGScapital
Editor's note: This article was originally published on February 1, , and has been updated. It was excerpted from our Coin-Operated Laundry start-up guide , available from Entrepreneur Bookstore. The coin-operated laundry industry has undergone a revolution. No longer dingy, unsafe, boring places that customers must endure on a weekly basis, laundromats are becoming fun and attractive multiservice centers that customers may even enjoy visiting. Newer laundries have snack bars, a place to leave off and pick up dry cleaning and video games.
A laundromat is a prime example of a semi-active business model that can establish an ongoing revenue stream with minimal operational maintenance. It makes it a popular business type for many entrepreneurs. However, knowing the initial expenses and costs to start a laundromat, including equipment, is a bright beginning. However, the lack of required labor once a startup is complete can outweigh any potential startup equipment list costs to start a laundromat.
So, you're considering opening a coin laundry business? It's a really great industry; one that all of us here at Martin-Ray Laundry Systems, and our customers, are passionate about. However, any business investment should be weighed carefully. It's not something you jump into unprepared.