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Cutting $2,000 a Month in Labor Costs - and Deciding Which Units to Keep
Description
Myka starts with a panic attack confession: she sometimes stares into space wondering how to make payroll when money out moves faster than money in. But she always pulls through - and recently cut labor costs by $2,000 a month by convincing her lead manager to run short-term operations as her own entity. Steve just signed another Fort Worth arbitrage after swearing he'd quit, because the owner kept sweetening the deal and people are dumping furniture for free all over Dallas.
The episode ranges across business stress and coping mechanisms, the value of mentors (Snoop Dogg and Master P get a deep dive), portfolio diversification, the hidden debt load of arbitrage, using ChatGPT and Loom to build SOPs, business continuity planning, and why gratitude matters when the first of the month hits. Myka and Steve trade notes on what gets them up in the morning, how to know when to say no to a shiny new unit, and why sitting on the sidelines with cash and a plan beats chasing every deal.
Work with us. Interested in professional management or consulting?
Myka — Sharebnb: www.sharebnb.com
Steve — Argest Rentals: www.ArgestRentals.com
Sign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hosts
Myka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@Entrepremarriage
All our links: linktr.ee/liveletthrive
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