Recurring income is a subscription business model. It’s not new; actually, it has been in existence for hundreds of years. I believe that just about any type of organization can incorporate principles of membership into their business.
Many small businesses face the possibility that they will not have enough cash flow at some point to continue operations. The typical scenario is that products and services are sold and then a gap exists until another prospect is found, a sale is made and cash flow resumes.
The development and implementation of a subscription/membership business model provide the cash flow consistency needed to focus on growth and customer service. This process requires thought, research and planning.
You will find a powerpoint presentation in the education section of your dashboard in the finance section.
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