The Biggest Mistakes on Our Millionaire Journey with Dave & Carla Menz

 Every successful journey is paved with mistakes along the way. In this episode of The Laundromat Millionaire Show, Dave & Carla reveal their biggest mistakes while growing their multi-million dollar chain of laundromats. Additionally, stick around for the end and learn the 5 best decisions they made along the way!Referenced Links: Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com & LaundroBoost: https://laundroboostmarketing.comOur Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/Previous Episode – Our Story: https://youtu.be/NpvRxaWmWaYPrevious Episode – Leaving HappyNest: https://youtu.be/gz0-QaNlAoUPrevious Episode- Delivery Failures: https://youtu.be/tkP_Z-Zyn34Previous Episode- Staffing Keys: https://youtu.be/FxcHafohi3gTimestamps 00:00 Episode 110 Intro – Our Mistakes & 5 Biggest Wins02:13 Framing Our “Mistakes”07:24 Acquisition Mistakes – Due Diligence Omissions12:42 Buy or Lease and the Mis-Negotiations18:34 Basements and Bad Landlords20:52 Business Model Mistakes – Unattended Stores25:20 Layout & Machine Mix Regrets31:41 Folding Space Requirements35:57 Seating & Flooring Disasters42:58 Window & Bathroom Re-dos46:13 HVAC Nightmare48:25 Targets for Theft & Vandalism49:55 Marketing Fails54:55 Keeping Toxicity too Long57:22 Employee Handbooks & SOPs1:00:56 Wash-Dry-Fold & Delivery Mistakes – Branding1:05:03 Software Switches1:07:05 Service Area, Pricing & Compensation Blunders1:11:38 Van Selection1:12:38 Our 5 Biggest Wins!1:24:27 Final Thoughts