Partnering to Invest in Laundromats with Ken Wimberly

Have you ever thought about investing in a business, but knew you couldn't do it alone? Listen along as Dave "Laundromat Millionaire" Menz and his wife, Carla, discuss with Ken Wimberly how he is rapidly growing a laundromat empire by investing with key partners. Ken also candidly shares stories from his past that have led to making him the successful entrepreneur he is today, advice on how to create a great network of fellow business owners, and tips for how he stays focused on his family despite managing several business endeavors.Referenced Links:Link to get Atmosphere TV:https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”Contact Mike directly: [email protected] guest’s app website: www.legacyjournal.appOur guest’s laundry website: www.laundryluv.comOur guest’s Facebook: https://www.facebook.com/lordwimberlyOur guest’s Instagram: https://www.instagram.com/ken.wimberlyKW Net Lease Advisors: https://netleaseexperts.com/Keller Williams Realty Abilene, TX: https://www.kwabilene.com/For consulting services: www.laundromatmillionaire.comOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.comOur pick-up and delivery laundry services: www.happynest.com/locations/ohio/cincinnatiGoBundance Mastermind Group: www.gobundance.comFront Row Dads Mastermind Group: https://frontrowdads.com/start-here/Texas A&M Rankings: https://today.tamu.edu/2021/08/30/washington-monthly-rates-texas-am-no-1-in-state/Texas Christian University: www.tcu.eduPerrottis Pizzaria: www.perrottispizza.comThe Ramsey Show: https://www.ramseysolutions.com/shows/the-ramsey-showCoin Laundry Association and Clean Show registration: https://www.coinlaundry.org/events/the-clean-show/Planet Laundry Magazine: www.planetlaundry.comAtlas International Laundry Distributors: www.atlaslaundry.comRecommended Reading:• Total Money Makeover by Dave RamseyTimestamps:00:00 Laundromat Millionaire Show Intro - Quotes02:40 Masterminds & Building a Network09:30 Transparency - Learning from Mistakes10:30 Academic Failure13:57 Going Through Bankruptcy18:06 Overcoming a Fear of Public Speaking20:41 Amassing Extensive Debt & Surviving a Short Sale22:16 A Financial Makeover23:43 Can Debt Be Good??25:02 Getting Into the Laundromat Industry27:05 The Vision Behind the Laundry Luv Partnership30:19 Number of Locations30:35 Management Structure in the Partnership32:14 How they learned the laundry industry34:44 Distributor/Partner/Mentor36:31 Biggest Mistake and Overcoming It39:11 The Legacy of Love App47:48 How to Manage Multiple Businesses49:28 Advice for Becoming an Entrepreneur51:46 Why called "Laundry Luv"?Learn more about your ad choices. Visit megaphone.fm/adchoices