First StarchUp, then LaundroWorks, what's next for Cents? In this episode of The Laundromat Millionaire Show, Dave & Carla interview Alex Jekowsky, CEO & Co-founder of Cents, to discuss the evolution of technology in the laundromat industry, the mistakes Cents has made along the way and their plans for the future.

Referenced Links:
Cents Website: https://trycents.com
Spotlight – Hydro Perfect Pour Website: https://www.hydrosystemsco.com/markets/laundromat.html
Our Website: https://www.laundromatmillionaire.com
Our Online Course: https://dave-menz.mykajabi.com/sales-page
Our Youtube channel: https://youtube.com/c/LaundromatMillionaire
Our Podcast: https://laundromatmillionaire.com/podcast/
Our Facebook: https://www.facebook.com/laundromatmillionaire/
Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire
Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/
Our Instagram: https://www.instagram.com/laundromatmillionaire/
Our laundromats: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
H-M Company Drain Troughs: https://www.draintroughs.com
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Episode with Hydro Perfect Pour: https://www.youtube.com/watch?v=LTz_7kC-vgQ
Forbes 30 Under 30 with Alex Jekowsky: https://www.forbes.com/pictures/5dcf200de0af7b0006b1754a/alex-jekowsky-24-ethan-du/?sh=dc0e5321b0b5

Timestamps
0:00:00 A Special Thanks to Our Followers
0:04:10 Service Provider Spotlight – Hydro Perfect Pour
0:05:24 The Laundromat Millionaire Show Intro
0:09:20 How, Why & For Whom – the Backstory of Cents
0:15:23 Owning Stores as a Vendor
0:18:47 Progression to an “All-in-One System”
0:26:19 The Technology Evolution in the Laundry Industry
0:31:54 Mastering One Area of Your Business & Customer Retention
0:35:47 Competition Makes Us All Better
0:38:59 The Cents Team – Responsiveness and Training
0:42:46 How Alex Defines “All-in-One Management System”
0:50:03 What’s Next? Selling or Here to Stay?
0:52:55 Mergers & Acquisitions – LaundroWorks & StarchUp
1:00:10 Raising Funds for Cents
1:12:15 Google Integration & Self-Branded Apps for Delivery
1:14:44 Final Thoughts

We want to gather with a purposeful intention to explore the world around us. ...

Listen on: Apple Podcasts Spotify

As insurance premiums continue to rise, are you sure your business is even covered? Are you paying for coverage you don't even need? Are items missing from your policy that could cause you devastating losses? Larry Trapani & Joel Blitzer of The Laundromat Millionaire Insurance Program join Dave & Carla on this episode of The Laundromat Millionaire Show to discuss these questions and more. This is a must-listen episode for every laundromat owner!

Referenced Links:
The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/
Our Website: https://www.laundromatmillionaire.com
Our Online Course: https://dave-menz.mykajabi.com/sales-page
Our Youtube channel: https://youtube.com/c/LaundromatMillionaire
Our Podcast: https://laundromatmillionaire.com/podcast/
Our Facebook: https://www.facebook.com/laundromatmillionaire/
Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire
Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/
Our Instagram: https://www.instagram.com/laundromatmillionaire/
Our laundromats: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
H-M Company Drain Troughs: https://www.draintroughs.com
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Episode with Brian Grell: https://youtu.be/NLcTQ-3eA20
Episode with ADP: https://laundromatmillionaire.com/laundromatmillionaire_videos/stress-free-payroll-solutions-w-justis-mullins/

Timestamps
00:00 Service Provider Spotlight – Aura Detergents
01:35 The Laundromat Millionaire Show Intro
02:36 Decades of Experience Insuring Laundromats
11:26 The Changes in Agent and Broker Training
14:17 How a Broker Protects You
16:32 Rules on Switching Policies
20:22 Increasing Premiums and Refusals to Insure
23:48 What Owners Can Do to Mitigate Risks
28:55 How Your Business Model Affects Your Premiums
32:25 Common Reasons Laundromats are Mistakenly Underinsured
39:55 The Right Size Deductible and Avoiding Small Claims
41:31 Insurance on Loss of Business
43:00 Insurance on Loss of Cash
43:52 Misclassifications on Insurance Policies
48:07 Events Your Broker Needs to Know
49:28 Bailee Insurance Coverage – What Is It & Do You Need It?
53:19 Dangers of Only Shopping Price
55:44 Worker’s Compensation Insurance
57:00 Final Thoughts

We want to gather with a purposeful intention to explore the world around us. ...

Listen on: Apple Podcasts Spotify

If your laundromat is so busy people are turning away, does that mean it's time to expand? Do you need more space and more equipment or is there another solution? When is the right time to invest in more equipment or even another location? Listen as Horace Lewis shares his laundromat journey with Dave & Carla Menz and they discuss this often debated topic.

Referenced Links:
Xpress Laundromats Website: https://www.xpresslaundromat2.com/
Our Website: https://www.laundromatmillionaire.com
Our Online Course: https://dave-menz.mykajabi.com/sales-page
Our Youtube channel: https://youtube.com/c/LaundromatMillionaire
Our Podcast: https://laundromatmillionaire.com/podcast/
Our Facebook: https://www.facebook.com/laundromatmillionaire/
Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire
Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/
Our Instagram: https://www.instagram.com/laundromatmillionaire/
Our laundromats: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
H-M Company Drain Troughs: https://www.draintroughs.com
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/

Timestamps
00:00 Service Provider Spotlight – Laundromat Millionaire Insurance
01:40 The Laundromat Millionaire Show Intro
03:08 Horace’s Backstory: Finding Opportunity in a Recession
09:18 How Jobs Prepare You to be an Entrepreneur
14:35 From Real Estate Investor to Gaming Machines to Laundromats
18:52 Finding a Great Location
22:57 Getting the Store Open and Marketing to the Community
28:23 When Should You Buy More Equipment?
42:38 Incentives for Slow Days
43:46 Finding a 2nd Location
49:01 Changing the Stigma of Laundromats
52:07 Next Steps for Horace
52:33 Adding Skill Games to a Laundromat
54:00 Closing Remarks

We want to gather with a purposeful intention to explore the world around us. ...

Listen on: Apple Podcasts Spotify