Starting your own business is a scary prospect for some. However, with the proper planning and the right resources at your disposal you can make your business successful. Previously on our blog we discussed why many small businesses fail.
Now that you have identified the pitfalls, here are a few things that smart small business owners do to help ensure their success. T & L Laundry Equipment has been helping people become successful vended and commercial laundry owners for over 40 years.
Want to know what owning your own laundromat or commercial laundry entails? Ask your T & L representative to explain why these businesses make great investments for absentee owners and why these businesses are largely recession-proof. Whether you are opening your first laundromat or expanding your existing franchise, let T & L help you choose the right seating, laundry carts, water heater and Energy Star rated appliances from Speed Queen to help your business stand out to your customers. We proudly offer in-house financing, scheduled maintenance agreements and used equipment. Call for an appointment today!
One of the most important things you need to know is when you can do it yourself and when it's best to hire a professional. One of the best professionals you can hire is a bookkeeper. Having someone who is constantly watching your cash flow for you is key. Another area to hire out in your business is marketing. The Wall Street Journal estimates that by the end of 2017, almost 81 percent of a business's customers will come to them via online sources like Facebook, Yelp, Google Reviews and Next Door. The key to social media marketing is consistency. Owning your own business and trying to keep up with daily interactions on social media channels can be challenging. Hire someone to take care of this for you so that you can focus on other aspects of your business.
Utilize the network of businesses and colleagues around you to help find your experts and ask for business advice. Take the time to attend a local small business group once a mouth and network with the business owners in your area. Chances are that you may be experiencing the same growing pains as someone else. Use these meet ups as a chance to brainstorm and connect.
Use your time, skills and even your business as currency. New businesses are always looking for a way to get what they need in the most cost effective way possible. Reaching out to nearby businesses and talking about your needs may help you find someone who needs a service you provide. There are lots of benefits of utilizing the barter system when it comes to your small business. For example, bringing in the linens of the restaurant down the street will keep your employees busy during the summer when your regulars are vacationing and business has slowed. That same restaurant may be willing to sell you food at cost to help you get a date night event off the ground at your laundromat. Don't be afraid to think outside the box.
Utilize the resources you have available to you to stretch your budget as far as it will go. Relying on professionals, like the people of T & L Laundry Equipment to ensure that you are getting exactly what you need for your business helps keep your spending in check and lays the foundation for a lasting and successful business.
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If upgrades and remodeling are in your plans for 2017, talk with our sales staff at T & L Laundry Equipment. We offer in-house financing on all equipment, previously used equipment and the hospitality items you need to keep your customers coming back.
Our over 40 years of experience is ready to work for you. We don't offer Maytag dealers SC services, but don't worry. Our industrial washers and dryers are just as good, or better, and are affordable. Call us today to find out how we can help you make your 2017 financial goals a reality.
