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How does digitization, touch screens and card payment help a laundry? Are people willing to pay more per load for that? Does it make them have more dirty laund
by tacostakohashi 4y ago
How does digitization, touch screens and card payment help a laundry?
Are people willing to pay more per load for that? Does it make them have more dirty laundry to do each visit? Will it attract people from further afield, who currently go to other laundries?
Most businesses are constrained by location, rent, demand, customer acquisition, etc., don't make the mistake of thinking that improved operating efficiencies will help much (I learnt this the hard way. more than once.)
In comparison to SPY, any brick and mortar type business will require a bunch of actual hands on work, dealing with emergencies, hiring people, finding vendors, etc, etc, and is also not diversified at all. It is totally exposed to a single location, neighborhood, industry, etc., so it could win big, or also get totally wiped out. It's high risk, high reward.