A monthly subscription business is the best type of business.

by a professional from The University of Texas at Austin - Red McCombs School of Business

5 months ago

Funny enough, any business can be like this. Even IT managed services. 3 words
Monthly Recurring Revenue.
This is HUGE for IT firms.
The more MRR, the less you worry about winning new clients and keeping the business afloat.
Make it easy for yourself. Invest in clients that keep coming back.
Build a moat to protect yourself from the inevitable ups and downs, economic cycles, surprises, all the other drama you can expect as a business owner.

2 likes
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3 comments

intermediary from Miami University of Ohio

We will have a management consulting business for sale shortly - reach out if interested

5 months ago | like reply | 0 likes

searcher from Duke University - The Fuqua School of Business

Thanks for sharing

5 months ago | like reply | 0 likes

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