The Secret Wealth Playbook Of The Ultra Rich

"he could sell this business for 10 times earnings so this business is making what $2.4 million a year in profit and we're being very conservative here if it's making 2.4 million doll a year in profit and he sold it for 10 times profits that means he's sitting on a business that's worth $24 million"

"now when you take it digital the advantage here of scale is you could have a 100 people buying in 1 minute you could have a thousand people buying in 1 minute just depending on whatever the capacity is of your service but now there's really no limit when you go digital because now you have that scaling potential"

"we have things like Market briefs you might have heard me talk about Market briefs a lot on my channel Market briefs is a free financial newsletter"

"and especially in the early stages guess what when you go and sign the paperwork every paperwork you sign is going to say even if your business goes bankrupt you're still on the hook we want access to the home that you own we want access to the car that you own we want access to your personal bank accounts because we want to get paid even if your business is not getting paid"

"he could maybe sell this business for 10 times earnings so this business is making what $2.4 million a year in profit and we're being very conservative here if it's making 2.4 million doll a year in profit and he sold it for 10 times profits that means he's sitting on a business that's worth $24 million"

"if you can move it to a manufacturing plant and you can hire more people and you can get more raw materials now you can scale more"

"when you take it digital the advantage here of scale is you could have a 100 people buying in 1 minute you could have a thousand people buying in 1 minute just depending on whatever the capacity is of your service but now there's really no limit when you go digital because now you have that scaling potential"

"we can send a market brace to five people or 500,000 people or even more I mean there's there's no limit to how many people we can send it out to so gives us the opportunity to scale"

"the risk was number one his time then he invested his own money and of course he had all the contracts and everything he had to do in order to build the business and if those failed well then he'd be the one that's on the hook"

"attorney George kind of does both he leverages money by paying other attorneys and he leverages Time by getting more out of that same time than if he was doing the work himself"

"if you can't step away you don't really have a business you just created your own job and that's not necessarily a bad thing but you don't have an exit strategy"