Unlocking Value: The Power of Recurring Revenue in Business
Summary:
In this video, Kerry explores the strategic significance of incorporating recurring revenue models into a business. She highlights the value of establishing streams of income that continue without the need for constant new sales, drawing parallels to the enduring appeal of real estate businesses, especially those with property management components.
Kerry emphasises the recurring revenue concept as a key driver of business value, making a compelling case for entrepreneurs to explore and implement various models that foster sustainability and financial stability. The video serves as an insightful guide for businesses seeking to enhance their long-term financial outlook.
Transcript:
Do you have recurring revenue? People try to, people think about what is it in my business that I can create that allows money to come in without me having to make a new sale, a new sale, a new sale, a new sale. That’s what makes real estate businesses so valuable. It’s not a new sale, a new sale, a new sale. Why do you think most real estate agents also have a property management businesses? It’s recurring revenue.
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