Here is an exercise related solely to money. Without it, how is your business supposed to function. Let us also consider what type of retail or industrial operation you are considering if you are starting afresh or making some changes. Although it is a single example, the thinking could be applied to other areas, sparking off some food for thought exercises. How about this then. Let’s start off with a self service operation.
It helps in a sense because you have already managed to eliminate labor costs, or at least keep these to a minimum. In the self-service Laundromat business, you are going to need to make sure that your coin operating slots are optimal at all times. True to form, you also need to take into account those who have a ready habit of disrespecting other people’s property and space. So, while you are laying down some ground rules for your self service biz there could also be other vending machines in place, these are good money spinners and they need not take up much space you’ll also be making sure that your washing machines and dryers are premium products and they are easy for customers to operate.
Inevitably, machines have a nasty habit of breaking down. If that does not happen, it’s possible with your house rules, then parts will wear out and need to be replaced. To make sure that such incidents are few and far between you can install speed queen washing machines and driers and back these up with speed queen washer parts as well. What could go wrong? You still need to make sure that you have a qualified technician close enough to carry out necessary inspection and maintenance work due to extensive use of the machines.