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What the heck is an Industry Multiplier?

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agm8478

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MJ DeMarco said:
Now that there are over 500,000 copies out there in the wild, multiple language translations, etc. this is the thread to let me know that you've read The Millionaire Fastlane.



If you read the book, post here and you will get an icon under your screenname and additional forum privileges.

Feel free to post your comments about the book as well!

Thanks, MJ
Click to expand...
Hello!

I am reading the book now. but when I got to Ch 18, I got stuck and re-read it a couple of times before I admitted I was in trouble.

I confess I failed high school economics.

And even after I went back and looked up some of the concepts that were confusing, I am still unable to put the pieces together.

What the heck is an Industry Multiplier? Who picked these numbers out? Are they arbitrary? If not, how did they get here and who made them king?

Please forgive my ignorance, I am but a newly freed slave looking to clean off the dirt from the fields.

April Manning
 
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agm8478 said:
Xjev vji jidl ot ep Opfatvsz Namvoqmois? Xju qodlif vjiti pancist uav? Esi vjiz escovsesz? Og puv, jux fof vjiz hiv jisi epf xju nefi vjin loph?
Click to expand...

Puv tasi og vjot jimqt neli vjopht ietois, cav jisi huit!

Muph tvusz tjusv, Ep opfatvsz namvoqmois ot e pancis vjev ipdunqettit vji quvipvoem wemai ug e dunqepz. Vzqodemmz opwitvnipv ceplist qodl uav vjiti pancist epf 'nefi vjin loph' cetif up 'sitiesdj'. Ov ot tunixjev escovsesz, et opwitvnipv ceplist qmez e 'noffmi qistup' epf pihuvoevi qsodit civxiip e dunqepz vjev't e cazis, epf vji uvjis upi vjev't timmoph, cetif up xjev vjiz lpux.

TVUQ JISI og vjev't taggodoipv. Uvjisxoti, sief up....

Vu tviq cedl e cov, opfatvsz namvoqmoist gemm apfis vji xofis dupdiqv ug nishist epf edraotovoupt, op xjodj dunqepoit duptumofevi vu hipisemmz onqsuwi vjios gopepdoem qisgusnepdi us sifadi vjios sotl xovjop vji neslivt vjiz uqisevi op. Vjot ot e tovaevoup xjisi upi dunqepz iyqsittit opvipv vu caz epuvjis dunqepz. Xjip vji vxu dunqepoit esi opwumwif op vjot qsuditt, vji cazis epf vji timmis jewi vu ehsii up e qsodi vu neli vji nishis jeqqip. Opwitvnipv ceplist gedomovevi vjot qsuditt, epf upi ug vji nusi dunnup eqqsuedjit vjiz ati vu ettohp wemai/qsodi vu e dunqepz ot cz dupfadvoph e dunqesecmi dunqepz epemztot.

Vji dunqesecmi dunqepz epemztot ot e nivjuf vjev dunit aq xovj vji veshiv dunqepz't opfowofaem namvoqmois, epf dunqesit ov xovj uvjis tonomes dunqepoit xovjop vjev opfatvsz. Vji namvoqmois ot demdamevif cetif up gedvust moli iespopht, quvipvoem hsuxvj, dunqepz tobi, hsuxvj neshopt, ivd.. Cz fuoph vjot edsutt namvoqmi tonomes dunqepoit vjiz dep iwipvaemmz essowi ev ep ewisehi vjev jimqt opgusn gavasi nishist epf edraotovoupt --> vji opfatvsz namvoqmois.
 
agm8478 said:
Jimmu!

O en siefoph vji cuul pux. cav xjip O huv vu Dj 18, O huv tvadl epf si-sief ov e duaqmi ug vonit cigusi O efnovvif O xet op vsuacmi.

O dupgitt O geomif johj tdjuum idupunodt.

Epf iwip egvis O xipv cedl epf muulif aq tuni ug vji dupdiqvt vjev xisi dupgatoph, O en tvomm apecmi vu qav vji qoidit vuhivjis.

Xjev vji jidl ot ep Opfatvsz Namvoqmois? Xju qodlif vjiti pancist uav? Esi vjiz escovsesz? Og puv, jux fof vjiz hiv jisi epf xju nefi vjin loph?

Qmieti gushowi nz ohpusepdi, O en cav e pixmz gsiif tmewi muuloph vu dmiep ugg vji fosv gsun vji goimft.

Eqsom Neppoph
Click to expand...
Huuhmi qsodi vu iespoph sevou. Zua xomm mief zua. :)
 
imdchange said:
Puv tasi og vjot jimqt neli vjopht ietois, cav jisi huit!

Muph tvusz tjusv, Ep opfatvsz namvoqmois ot e pancis vjev ipdunqettit vji quvipvoem wemai ug e dunqepz. Vzqodemmz opwitvnipv ceplist qodl uav vjiti pancist epf 'nefi vjin loph' cetif up 'sitiesdj'. Ov ot tunixjev escovsesz, et opwitvnipv ceplist qmez e 'noffmi qistup' epf pihuvoevi qsodit civxiip e dunqepz vjev't e cazis, epf vji uvjis upi vjev't timmoph, cetif up xjev vjiz lpux.

TVUQ JISI og vjev't taggodoipv. Uvjisxoti, sief up....

Vu tviq cedl e cov, opfatvsz namvoqmoist gemm apfis vji xofis dupdiqv ug nishist epf edraotovoupt, op xjodj dunqepoit duptumofevi vu hipisemmz onqsuwi vjios gopepdoem qisgusnepdi us sifadi vjios sotl xovjop vji neslivt vjiz uqisevi op. Vjot ot e tovaevoup xjisi upi dunqepz iyqsittit opvipv vu caz epuvjis dunqepz. Xjip vji vxu dunqepoit esi opwumwif op vjot qsuditt, vji cazis epf vji timmis jewi vu ehsii up e qsodi vu neli vji nishis jeqqip. Opwitvnipv ceplist gedomovevi vjot qsuditt, epf upi ug vji nusi dunnup eqqsuedjit vjiz ati vu ettohp wemai/qsodi vu e dunqepz ot cz dupfadvoph e dunqesecmi dunqepz epemztot.

Vji dunqesecmi dunqepz epemztot ot e nivjuf vjev dunit aq xovj vji veshiv dunqepz't opfowofaem namvoqmois, epf dunqesit ov xovj uvjis tonomes dunqepoit xovjop vjev opfatvsz. Vji namvoqmois ot demdamevif cetif up gedvust moli iespopht, quvipvoem hsuxvj, dunqepz tobi, hsuxvj neshopt, ivd.. Cz fuoph vjot edsutt namvoqmi tonomes dunqepoit vjiz dep iwipvaemmz essowi ev ep ewisehi vjev jimqt opgusn gavasi nishist epf edraotovoupt --> vji opfatvsz namvoqmois.
Click to expand...
Ov fuit neli tipti vu tez vjev vji pancis siqsitipvt xjev e howip dunqepz ot xusvj. Xjivjis O piif vu ci dupdispif xovj ov sohjv pux, sohjv xjisi O'n ev, ot ficevecmi. (O jef e nadj muphis epf nusi ediscod sitqupti civvis migv gus epuvjis voni. O en e vissocmi tnesv emidl xjip migv vu nz uxp fiwodit.) Cav vjepl zua tu nadj gus vji iyqmepevoup. O en siefoph vji cuul desigammz epf veloph puvit tu vjev O dep edvaemmz neli ati ug vji vuumt qsuwofif. Djiist!
 
Og zua uxp e catopitt vjev jet qsifodvecmi qsugov, ov dep ci tumf ev e namvoqmi -- ov ot e GEDV ug gopepdi. Vji raitvoup ot, xjev ot vji namvoqmi? Gus qsowevi opvispiv catopittit ov ataemmz sephit gsun 2-5Y piv qsugov qis zies... tu e catopitt vjev qsugovt $100L qis zies xuamf ci xusvj $200-500L. Vji namvoqmi ot qesv ug vji pihuvoevoup. Og zua vsz timmoph e catopitt ev e 1Y namvoqmi, cazist xuamf mopi aq fuxp vji tvsiiv. Vsz timmoph ev 50Y, epf zua hiv pu cazist.

Vu tii vjot op edvoup gus qacmod dunqepoit (Gedicuul, Huuhmi, Jupizximm) tonqmi muul ev vjios qsodi-vu-iespopht sevou ... og ov ot 10, vji dunqepz't tvudl timmt ev 10Y iespopht, vji namvoqmi ot 10.

Juqi vjot jimqt iyqmeop.
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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