Author Topic: Is the Industry lucrative  (Read 795 times)

mikegaudioso

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Is the Industry lucrative
« on: July 29, 2009, 08:47:35 AM »

Hello Everyone,

My name Mike, Im new to the industry, myself and a colleague are thinking about starting a billing company, our experience is in the staffing business with has taking a hard hit. We have interviewed experienced billers about join us.  My question is. Is this a lucrative industry, has it been saturated, what is the real earning potential.

I just saw a billing company for sale in NJ price is 1.5Mil, Started in 2004, billing $50,000,000 annually

Michele

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Re: Is the Industry lucrative
« Reply #1 on: July 29, 2009, 09:08:10 PM »
Hi Mike,

   I personally don't think that the market is saturated, with good billing services anyway.  It can certainly be lucrative, but it is not a "get rich quick" business.  It takes a lot of hard work.

   As for the service for sale in NJ, I would be more interested in what their annual expenses are in addition to what they bill out.  If their expenses are $51,000,000 annually, then the $50,000,000 doesn't look so good.

Good luck
Michele
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