Saturday, April 4, 2015
Top 5 Reasons Recurring Revenue Is Critical For Your Business
For a business to be valuable, it needs to be generating revenue. However, not all revenue is the same. Recurring revenue is income that your company can count on to roll in month after month, and year after year. The cellular phone industry uses recurring revenue models exceptionally well and the benefits have been noticed. The current trend is that more and more businesses are seeing the importance and value of recurring revenue models, and focusing their resources on creating consistent revenue streams. Businesses operating solely on income from project to project, beginning each month with zero revenue, are functioning at a large disadvantage. Having recurring revenue that can be expected each month is critical to the success of your business for several reasons. Below are the top five reasons why.
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