Business
Ken Wimberly, Founder of Legacy of Love, is an entrepreneur and father based in Fort Worth, Texas. Along with his current Laundromat Franchise, Ken has an extensive background in commercial real estate. In this episode, we get in on all the things that go on in a Laundromat business franchising. We also talk about app ownership and development with a new and exciting app that he has developed. [00:01 – 04:44] Opening Segment I talk briefly about great values that await you in this episode I welcome our guest, Ken Wimberly Ken talks about his background [04:45 – 15:23] Cash Flow from Laundromats What it’s like to invest in a laundromat business Due diligence to commit to their laundromat business The birth of Laundry Love Expanding their brand Ken’s future plans for his Laundromat franchise [15:24 – 21:29] Legacy of Love App The inspiration to develop his app What separates Legacy of Love from other similar applications [21:30 – 29:14] Closing Segment Quick break for our sponsors What is the best investment you've ever made other than your education? Buying Tesla Stock 3 years ago, and selling it recently Turning a $5k investment into $150k What is the worst investment you ever made? Investing in a restaurant that eventually end up bankrupt What is the most important lesson that you've learned in business and investing? Always be learning Take action Connect with our guest. See the links below. Tweetable Quotes: “Always be learning and be open to the opportunity that there is knowledge out there for you to learn.” - Ken Wimberly “If you’re just learning, you can sit on the sidelines and be the smartest person in the world sitting on the sidelines. You have to have a propensity for action, and take action on what you’re learning and take some risks.” - Ken Wimberly “We’ve created a really beautiful, elegant app, that is a safe, secure, and easy place for parents to save everything. From their little memories, moments, photos, videos , audio files. Unlike social media, it’s a private endeavor. It’s not meant to be blasted out for the world. It’s where you can be honest, vulnerable, and share the realness of life out there.” - Ken Wimberly on the Legacy of Love App Resources: Legacy of Love Connect with Ken, send him an email at ken@legacyoflove.app. Visit https://highridgecoaching.com/. You can also follow Legacy of Love on Instagram. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.