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

Posted by ronika under Strategy
From http://www.theglobeandmail.com 4743 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.

Who Voted for this Story

Top BizSugar Users

This week's most active BizSugar users. Join Them!

Comments

Written by yoni67
4743 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

- 0 +

Written by ronika
4742 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

- 0 +