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Income and Wealth Multipliers - How They Work for You or Against You
Episode 192
Published 4 years, 11 months ago
Description
The value you are creating in your job or business is either being multiplied by a small % or a large %. When you own equity in a business, for every widget you sell today, someone will pay you 3-20 widgets for that one depending on the multiple.
The people I would want to switch career places with all have a few things in common:
High Accountability
Work on Interesting Businesses and Projects
Own Equity and Have Upside and Downside for their Decisions
Exercise - Figure out if the value you are creating at work is multiplied by 7% - 30% for your paycheck or 3-10x for your payday.
Episode Resources
- Connect with Ryan Condie
- http://linkedin.com/in/ryancondie
- http://letsbuyabusiness.com/
- https://forms.gle/RRcXpe3dK7pNGqv16
- Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com
- Lisa Forrest - Lisa.forrest@liveoak.bank
- 10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video
- Ryan Twitter - https://twitter.com/RyanPaulCondie