Short transcript excerpt from a YouTube video (creator: Mike Andes) in which Mike Andes and another speaker discuss the idea of firing all employees and doing the work themselves; the other speaker contemplates the financial upside and briefly repeats the thought. The tone is conversational and speculative.
What if I just fire everybody this.
Year and when so.
And the more I thought about it.
The more dark thought, yeah, well, like.
The money size, like, this could be nice.
If you don't have enough work, we need to lay one of them off. Okay. We can't be like, well, we hired them, we've got to keep them full time. I have a bad feeling that if we don't have enough work, you will just keep them on staff. It's a possibility. I hate to say it, but yeah. And so this is why tracking the labor efficiency is so important. Because as soon as you start having people work four or five hours a day, you're trying to kind of just fill their time. You're having to do stuff around the shop. That number will drop. If we're spending more than 40% of their labor revenue on wages, that should be like red flags all over. We're just not going to be profitable.
