Small Business Confidential

There is an art to managing. Most people dont know how to do it. But you'll never learn how to do it if you think you know everything already. You have to acknowledge what you dont know and put the work in to learn it.  The art of managing and more on the Cleveland Real Estate podcast.

Processes are essential for enhancing efficiency, productivity, and growth in business. While resistance to change may be common, understanding the benefits of streamlined processes can ultimately lead to success in both your business and personal life. Join Brook and Amarri as they discuss the importance of processes and how it can positively impact your personal life and goals.
2:11 A'marri and Brook started talking about implementing, changing, and adapting, which is the whole point of establishing systems and processes for a business.,
21:26 A'marri explains how different things you do at work can benefit your personal life
25:55 Brook talks about the process of establishing a new process and working through something is going to take time, and expect people are going to resist doing it.

Being a Harvard graduate does not mean you will never make a mistake. Listen to Mike and Brook as they discuss the Cleveland Browns' mismanagement, particularly the impact of Harvard graduates Andrew Berry and Paul DePodesta. They discuss the Browns' leadership and coaching failures and mistakes. This includes how coaching involves confrontation as well as teaching. Be sure to listen to learn more.

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.

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

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.

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

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.

Don't just talk about your goal, do steps to make it happen. In this episode of the podcast, Mike and Alex talk about how people often talk endlessly about what they're going to do, but nothing ever gets done. Stop talking and start doing, make progress on something every single day. Also covered a few topics related to the Cleveland Heights housing problems.
2:48 Mike opens up about people endlessly talking about what they're going to do and nothing ever gets done. 
8:04 Mike says the key to success is to have a goal, to have a plan, and then to be persistent.
5:15 Alex discusses there are doers and there are talkers.
12:14 Mike talks about not having a mentor or coach, only people who influence him
15:43 Mike and Alex discuss confidence as one of the greatest skills of entrepreneurs.
23:51 Mike mentions vacant houses are one of Cleveland Heights' biggest problems.

A large number of vacant houses in Cleveland Heights are a serious problem that needs to be addressed.  We can't ignore these hundreds of vacant homes, so we are creating Project Rath, a project aimed at tackling this issue and taking it a step further. Find out more about this project in our first podcast episode where we discuss it and explain it in more detail.
2:56 Mike Reilly explains what Project RATH is all about
7:21 Mike Reilly discusses vacant houses and not paying taxes
22:54 Mike Reilly says if housing is handled properly, retail will follow
23:18 Mike Reilly discusses Project Wrath in more detail
24:42 Mike Ferrante discusses what a difference it would make if a few of those vacant houses were put on the market each month, since inventory of rentals is low