Hi guys
As I'm sure most of you know here, in the millionaire fastlane , there is a section which highlights how much you can potentially sell a business for, which is a formula of your net x industry average.
I was looking at the table which MJ puts in there, and the 2 industries which seem to have the highest 'sell' value are 1) Software (around 10x) your net, and 2) Medical Supplies (around 17x)!
I am personally in the business of advertising, and don't really have much knowledge on the medical industry. I was wondering why the industry average for this sector is so high? Has it changed since the book has been published?
Thanks
As I'm sure most of you know here, in the millionaire fastlane , there is a section which highlights how much you can potentially sell a business for, which is a formula of your net x industry average.
I was looking at the table which MJ puts in there, and the 2 industries which seem to have the highest 'sell' value are 1) Software (around 10x) your net, and 2) Medical Supplies (around 17x)!
I am personally in the business of advertising, and don't really have much knowledge on the medical industry. I was wondering why the industry average for this sector is so high? Has it changed since the book has been published?
Thanks
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