All Forum Posts by: Jamille Smith

Hi @Jamille Smith. As you can see by the comments on your post, this is an excellent community to utilize. You’ve been given excellent advice to get you started on your journey towards the laundromat. I know a young lady who just became an owner operator of a laundromat facility in Indiana. If you’d like, I’ll reach out to her and ask if I can connect you both together. Maybe she can give you some pointers on her business plan and what she did to purchase her facility. 

Welcome to BP!

Thanks for reaching out on the forums.

I would recommend a couple of things.

1. Contact your local chamber of commerce. They may have groups, businesses, or programs that can help. Networking is always good.

2. Check out the Small Business Administration. There are SBA programs and grants for women. Check out SCORE as well. They provide courses and mentorship opportunities.

3. Look for grants. As an African-American woman, there are grants for helping with business startup. Here’s an example of grants for women: https://www.nerdwallet.com/art...

4. Gain valuable and complimentary experience. Getting experience in this space might be helpful to building your knowledge base and helping get your first start.

5. Be ready for opportunities. Your networking may find someone that wants to sell one. Their costs and or may be such that you can get started.

6. Don’t despise the days of small beginnings. Your ending will not be your start. If you start small, be thankful. Where you are today…where you start…is just the beginning. Keep going.

There are programs to help you. You can build your own table. Keep knocking on doors. The right one will open.

I wish you all the best!

If you want to get a private lender or someone to fund a business, you need to get a pitch deck together, showing the details. You need to have a clear breakdown of what the money is going to be used for and your projections for Cash Flow.  It is not hard finding money if you have a very good deal because the investors are always looking for returns. Also, you have to show that you’re a good operator and that you had some experience in running a business (it doesn’t have to be that particular business type). It will be more difficult without any history BUT if you really hustle and show people that the biz can clearly make money, then you will be successful. A final note is to get some education in the arena of buying business or real estate. Check out my free newsletter which will help in your journey to make money.