Hey guys,
Did some digging on the site but couldn't find an answer to whether or not a professional services business has the exit potential to be fastlane. More specifically, can professional service companies be bought and sold for high values like any others?
For example, I'm in law. I focus on an area of law that is relatively easy to automate (still working on it though), scalable and in demand. I'm also focusing heavily on building a brand, not just a firm. But even if I continue down this road and build a very profitable business, is this the type of company that could be bought out (if all goes well - not assuming this is guaranteed)?
I know I'm thinking way ahead of myself here, but after finishing TMF , I wanted to focus all my attention on something with fastlane potential. Because of how restricted the legal profession is, there are certain requirements re who can own/operate law firms and who can or can't charge for certain legal services (may vary by country).
Would love to hear from anyone in the legal (or similar) profession or anyone with related insight.
Happy holidays!
Did some digging on the site but couldn't find an answer to whether or not a professional services business has the exit potential to be fastlane. More specifically, can professional service companies be bought and sold for high values like any others?
For example, I'm in law. I focus on an area of law that is relatively easy to automate (still working on it though), scalable and in demand. I'm also focusing heavily on building a brand, not just a firm. But even if I continue down this road and build a very profitable business, is this the type of company that could be bought out (if all goes well - not assuming this is guaranteed)?
I know I'm thinking way ahead of myself here, but after finishing TMF , I wanted to focus all my attention on something with fastlane potential. Because of how restricted the legal profession is, there are certain requirements re who can own/operate law firms and who can or can't charge for certain legal services (may vary by country).
Would love to hear from anyone in the legal (or similar) profession or anyone with related insight.
Happy holidays!
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