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DashLocker founder Bob Hennessy on his transition from banker to entrepreneur and the concept behind his laundry locker service business.
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-- -- our next guest decided to ditch Wall Street to launch his own business in an area he felt was -- -- laundering -- launched his venture this year it is looking to open six more by the end of 2013.
He's Bob -- is the founder of dash locker.
But you -- at SEC capital you know you had an experience on Wall Street and what made you turn around and several wait a minute.
Why don't I start my own business.
To create a lot of great questions I think yes is -- gavel experience for -- -- very -- I -- -- -- very bright people are working incredibly competitive atmosphere.
What I saw was -- -- opportunities are industries that didn't have the same competitiveness and that.
You know might need some innovation and gave me -- real opportunity to get in and check things -- do something special wild this locker laundry concept worth that idea come from it's funny the first -- -- really just in the longer business -- they -- -- had the opportunity to look at two fantastic companies claim Mac -- They do what's called laundry rooms and they they -- laundry facilities -- -- large multifamily installations and getting from other bad business model was what allowed me kind of gave me the confidence -- -- coin laundry business myself.
-- until that I owned a laundromat that are realize you know there might be a better way to to match capacity to demand and so.
Found a company had a -- Cisco's -- really innovative thing with walkers got in touch and here -- -- I'm still insisted though and that's which it you've made from from trading companies actually getting in when it was is something about the real world that you felt was missing.
From Wall Street.
I -- I I can't put my finger on any one particular event I will say.
The last company looked at 1000 SEC was Sherwin-Williams and tremor sent myself what an incredible company what a neat thing these guys -- good work and do every day.
And I'm sitting there I think have got that you're -- trading it yeah IAA and in a very real way out I had what I thought was my dream opportunity come out of college you would -- my guess they -- its destination -- -- there.
Can you seniors of black kind of wish I was somewhere else and that was for me you know that was the signs that maybe -- should go try to manage something.
Well from dreams to reality then you start to figure out I -- to get this thing up and running and you ran into.
Could be dozens of regulation to -- you you had to deal with the bureau of scales and waits what is that.
The New York City does a fantastic job looking out for the -- so through the department consumer affairs they -- -- bureau of weights and measures whose job it is among other things.
To make sure that the scale laundromat and says 39 pounds and there's 39 -- -- there so.
It was it was one of those things that again coming from a corporate environment with a lot of resources.
All of a sudden you've got to go get a permit decisions scale as accurate legislature mine and here's something that I love the best surprise that you hadn't running your business hiring people.
-- incredibly so Telus Telus now.
Now I you know I think when you again when you come through that formal HR recruitment process you're leaving college you're you leaving one job and -- and into another -- through an executive recruiter something like that.
You just don't placed a premium on finding good talent because you've always been exposed to surrounded by it and and we are trying to build it yourself and and in print division for company on you know.
Employees that you know what I learned about -- all that is very very difficult it takes a lot of time in that you just got to get out and do it every day you've got to treated as a full time job.
So for those of you who have sat there with your nose pressed up against the glass at your around dry cleaner saying I ended these aren't the hours -- close second -- that -- I need for tonight.
This is the company -- -- that.
I think so I think inconveniencing laundries bipartisan issue I'm pretty sure there's not a person out there in New York -- hadn't had initially they're directly.
You're making money.
We're we're getting there it's funny we've got.
I think three more source coming online September October and and and really look like we've got the trajectory mix of cash next year Bob Hennessey of Daschle locker is the founder of the good for.
