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:
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.
- Connect with Ryan Condie
- 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.email@example.com
- 10 Step Video series to Finding a Company to Buy – http://letsbuyabusiness.com/video
- Ryan Twitter – https://twitter.com/RyanPaulCondie