Recurring Revenue vs. One Time Sales – Performance Improvement
Understand the difference?
Reoccurring Revenue happens again, not necessarily repeatedly or regularly. Recurring happens repeatedly, sometimes at regular intervals.
If you sell an asset try to sell a consumable product or maintenance contract along with the asset. Revenue that Recurs happens when a company is able to resell products or services repeatedly to the same customer.
Financial projections with a large reoccurring revenue base are more stable and increase the confidence and surety that the revenue will happen
Work to obtain automatically renewing contracts, consumable products and create a proactive customer service program to raise the customer retention and renewal levels which increases the business revenue, profits, and value significantly. Increase Your Business Value, Financially, Operational and Strategically.
Recurring Revenue vs. One Time Sales – Performance Improvement – Mark B NYC praised Dale Richards Valuation Presentation
Recurring Revenue- Performance Improvement – Mark Benher, NYC, praised Dale Richards Recurring Revenue- Performance Improvement – Mark B NYC praised Dale Richards Valuation Presentation Recurring Revenue- Performance Improvement – Mark B NYC praised Dale Richards Valuation Presentation and learned key business concepts – How to Increase Your Business Value, Financially, Operational and Strategically. He especially wanted to implement recurring revenue concepts.
Dale S. Richards specializes in management, marketing, operation optimization & business valuation consulting and is a 25+-year turnaround expert. He has implemented success concepts into results in 150+ companies. Dale is a Certified Valuation Analyst (CVA) with NACVA, a Vistage International CEO Board Chair in Utah and a Vistage International Speaker. Visit www.successbiznow.com to learn more about Dale and business valuation services.