Make sure your business isn't a one-shot deal

Posted by ronika under Strategy
From http://www.theglobeandmail.com 4955 days ago

Recurring revenue is important because, to create a valuable, sellable company, you need to demonstrate how the business will continue to thrive once you’re gone.

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Comments

Written by yoni67
4955 days ago

Hi Ronika,

Pretty cool article.

"If you have a predictable sales model..."

That sounds like a nice concept. I wish there was something predicatble about writing like a resume having a 3-month shelf-life. Then the customer would return for another. Unfortunately for the most part it is a one-off deal though sometimes you can get the package deal:

"Would you like a corporate bio and an order of fries with your resume?"

Regards,

Yoni

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Written by ronika
4954 days ago

I would love some fries with that :)

Unpredictability is one of the most difficult aspects of self employment, which is why I've been contemplating recurring revenue streams. It is nice to be able to depend on a source of income when your core business is slow, or even better while sipping margaritas on a beach in Hawaii

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