From Employee To Business Owner - The Cashflow Quadrant

So E means employee.

Now, you need to become an employee at some point in your coaching journey.

My first tennis coaching job- Actually, my first tennis coaching job as a fifteen-year-old helping out the local club would have probably been an S, a self-employed.

I don't remember how I got paid, but I was effectively like contracted to take the, the groups for, for the term.

So maybe I was an S.

Uh, that one's a bit, bit complicated.

I'm not really sure how, how I got paid.

But if you do go and work for somebody else or an organization, whether it's a school or a, a bigger tennis academy or established coaching program, you are an employee.

Now, you may be a casual employee to start, and then eventually you may be a permanent part-time employee where you're guaranteed X amount of hours, or you may become a full-time employee.

So my first job, proper job when I w- did go to Darwin was as an employee, and I was paid for whatever hours I did.

So I guess it was a casual employee, and I started with fifteen hours and probably ended up thirty-five, forty hours a week and getting paid.

I don't know what I was getting paid, maybe twenty-five dollars an hour, um, something along those lines.

It wasn't too high because I wasn't qualified yet, and you know, it was a few years ago, back in two thousand and... two thousand and one or so.

So employee, you really need to be an employee.

Um, the, the upside of being an employee is, is, is really about the security, okay? You got job security.

Now, if you're a casual employee, I guess the security is not as high.

But if you're a permanent part-time or you're full-time employee, then you have the security of knowing that you are gonna get paid X amount of dollars every week.

All right? You have the security that no matter what happens, someone else is making sure that you have enough hours to do.

So an E, uh, is almost the part of, part of the journey of every tennis coach.

Can you earn the most amount of money as an employee? No.

You can earn more money going to the other side of the quadrant as a business owner, where you can leverage your products, uh, leverage other people, and create systems that build your business.

So you're never gonna make as much as a successful employee versus a successful business owner.

But, but, and this is coming from someone who's only ever really known running my own business for at least twenty-three or twenty-one years of running my own business, you don't have the same stress levels.

You don't have to go to bed at night thinking through things or waking up early mornings and, and looking something up because you need to understand how it works and there's a lot... there's a lot less stress being an employee.

You know what your hours are, you get them done, and, and you're good to go.