Built To Grow

In this episode, Tim and Randy will dive into what it means to be a business owner versus being self-employed. Being self-employed is not the same as being a business owner. For example, a business owner has an ownership stake in a business but may not be involved in its day-to-day operations. In contrast, a person who is self-employed both owns the business, but they are also the primary or sole operator of the business. Figuring that out is critical for every gym owner, because it determines whether they own a business or a job. Tim will base their discussion off of Robert Kiyosaki’s Cashflow Quadrant which categorizes people into four categories, namely employee, self-employed, business owner, and investor.The employee has to go to work to get an hourly wage or salary while a self-employed person owns a business, but they must be involved in the day-to-day operations of the business for it to generate revenue. If a self-employed gym owner left their gym, it would cease to operate. A lot of gym owners are i