When you hear someone say "you don't know shit, if you haven't met a payroll," remember that they are speaking from experience. 
Running a business requires more than just book smarts and theoretical knowledge. It requires real-world experience and an understanding of what it takes to meet the financial obligations of a company. Among these obligations is meeting payroll - a vital responsibility that affects both employees and business alike. 
Take a listen to Mike and Brook as they discuss meeting a payroll and more in the latest podcast of Small Business Confidential.
1.42 Brook talk to Mike about payroll and cashflow and the lessons he learned in the past four or five weeks.
7.05 Mike discusses meeting payroll, selling jobs to meet payroll, and making money on these jobs to meet payroll.
11.26 Mike points out that the best training every high schooler can get is running a small business
16.03 Mike ends on a note that meeting payroll is like an ultimate cold shower, a wake-up call, and you need experience with that before you go out on your own.

You Don't Know Sh__ , If You Haven't Met A Payroll

Investing in Cleveland real estate requires expert advice from local professionals and thorough research, and Cleveland Real Estate Investor Podcast has both. In our latest podcast we provide tips for outside investors looking to invest in Cleveland and information on short-term rentals as well as current real estate market conditions.
3:08 A'marri and Mike start talking about the real estate market right now.
8:35 Mike shares some tips for outside investors looking to buy property in Cleveland
12:40 Mike discusses using us as a consultant when buying investment properties
16:49 Mike discusses Airbnb and short-term rentals.
19:01 Amarri shares his thoughts that if he was looking to buy an investment property, he wouldn't want an investment that came with headaches.
22:20 Mike wonders why some people are making money by buying houses in volume at 20,000 apiece and then dealing with headaches.
24:12 Mike stresses the importance of screening both the landlord and the tenant at the same time
25:26 Mike describes real estate as a very complex industry.

March 2024 Heat Check..We're Back!

Mike and A’marri talk about getting into the zone, taking naps, scripting your day and being honest with yourself as an employee or business owner.
2:28 Mike and A'marri talk about how a power nap refreshes your mind and helps you solve problems, and gets more better ideas.
10.33 Mike discusses, getting into the zone means dedicating time to it.
19:57 Mike discusses why 90% of restaurants fail and why some people never own a business

Getting Into The Zone

We talk temperament maintained through process of selling, how to be proactive with fixing up the house and dealing with the city, hurdles/challenges, working with a realtor and more.
1.43 Brook and A'marri discuss Brook's temperament in situations like selling his house, smart business decisions and when you need to speak with a realtor
6.31 Brook discusses his observations regarding working with a realtor.
17:41 A'marri talks with Brook about the process of putting the house on the market, what it involved, and how he prepared for it.
19:29 Brook points out, doing small things now will prevent a huge list when you decide to sell your house.

Catching Up With Brook On Selling His Home

Whether you're a first-time homebuyer or an experienced investor, this podcast is for you. Today we discuss what to keep in mind when buying a house. cons of using a realtor. We do a quick heat check of the spring real estate market and the steps needed to be taken when buying a home. all on the Cleveland real estate Investor podcast.
12:12 Mike discusses what you should keep in mind when buying a house, such as not using a realtor and instead using Reilly to consult on your purchase.
14:21 Mike and A'marri discuss a quick heat check of the spring real estate market
17:05 Mike discusses with A'marri the steps needed to be taken when buying a home

Listen To This Before Buying Your Next Property

The success of a small business depends on efficient and effective processes, and continuous refining and optimizing these processes will ensure long-term success. Learn more about this topic in our latest episode.
4:48 Mike, Brook, and A'marri discuss the importance of processes and how they apply to small businesses.
9:11 Mike emphasizes the need to have a process in place for anything you do, especially if it is repetitive
17:38 Mike discusses the importance of making a list of what needs to get done and what needs to wait.
20:19 Mike uses the football analogy which suggests that every person in a company should know what everyone else is doing.
23.57 Mike talks about the golden rule of learning from your mistakes.

Small Businesses Need To Understand The Importance Of Processes

Real estate in Cleveland may not always yield the expected returns, it is important to do thorough research and do your due diligence before making any purchases. Be sure to consult with industry professionals and trusted advisors to understand the local market, economy, and potential risks. In this episode, we are joined by Kush, who is working in commercial loans, who will share his experience and advice to those who are mesmerized by Cleveland investing.
1:31 Mike discusses with Kush on how Reilly Properties came to his Beechwood rental property
9:02 Mike discusses three stools three-legged stool. in investing in real estate
14:47 Mike discusses with Kush on what advice he would give to people outside Cleveland mesmerized by Cleveland investing
22: 37 Mike discusses with Kush on who’s buying commercial space now since Kush is working on commercial loans

Streets Are Not Paved With Gold In Cleveland

If you are looking a summer job, there are several key factors to keep in mind to ensure that you find the right opportunity for you. In this episode, Mike discusses 5 things that you should keep in mind when looking for a summer job with Brook, A'marri, and Christina.
5:05 Mike discusses the importance of being proactive about learning.
11:14 Mike talks about learning from your elders.
20:40 Mike talks about learning from failures.
23:20 Mike talks about what summer jobs you got, and how you connected that to a mentor
31:31 Mike discusses the importance of being financially self-sufficient when you're an adult

Summer Job

2:11 Mike talks with Brook and A'marri about what they have learned in managing the business for the past couple of years.
11:19 Mike talks about when things don't work out the way you expected. Are you blaming your customer, boss, or the person you hired, or are you questioning what went wrong, why did I make that mistake.
24:24 Mike on his final thought; if you want to start a business, do your homework, read about successful people and how they dealt with adversity.

Managing, Setting Goals, Being Busy Vs Actually Making Money

40+ year business owner, Mike Reilly, shares the dirty secrets of owning your own small business.

Managing, Setting Goals, Being Busy Vs Actually Making Money

Small Business Confidential

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