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Thrivetime Show | Business School without the BS

What Do I Need to Know About Money, Accounting and Entrepreneurship? - Ask Clay Anything

Thrivetime Show | Business School without the BS

Clay Clark

Business, Entrepreneurship

4.71.5K Ratings

🗓️ 18 January 2023

⏱️ 33 minutes

🧾️ Download transcript

Summary

Clay answers the questions from a Thriver in east Tennessee (Jeff) about money, entrepreneurship and how to start a business.

Thrivetime Nation!

Transcript

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0:00.0

you have questions america's number one business coach has answers it's your

0:05.5

brota from minnesota here's another edition of ass clay anything on the

0:10.6

thrive time business coach radio show

0:18.7

all right nice nation welcome back to another exciting edition of ask us

0:22.5

anything and on today's show we are talking about the difference between merit

0:28.1

based pay employees and flat employee a fat flat pay employees salary

0:37.8

employees again easy for me to say merit based pay employees versus

0:42.5

salary employees are employees who can't make any more money no matter how

0:46.9

hard they work so let's before we get into the data and the research before we

0:51.0

get too deep into the weeds here Marshall why does a job for you a not appeal

0:57.1

at all if it is a flat salary it doesn't appeal because my ceiling is

1:03.2

capped I know that I'm gonna make so much and no matter whether I perform well

1:06.5

or don't perform well I'm not gonna be able to make more money and so I love to

1:11.5

be able to go eat what I kill I love to be able to know that because I am

1:16.5

busier because I am performing more effectively because I'm producing more

1:20.5

results I'm going to get paid more and that's why I love the merit based pay

1:25.0

versus the flat salary all right Clay Stairs you are a former former school

1:29.7

teacher what talked to me about the kinds of behavior that you would see from

1:35.8

your fellow colleagues who are all on a flat salary no seriously because a lot

1:40.2

of people have never been a school teacher who or have never worked for the

1:43.0

government but what kind of work ethic or lack thereof would you see from your

1:48.6

colleagues who all made a flat salary wage in the public and any public school

...

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