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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Steps for Transitioning to Recurring Revenue
Description: Steps for Transitioning to Recurring Revenue Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Once you’ve decided to move to recurring revenue you’ll need to set up a plan to switch your business process over to it. Moving to recurring revenue can be done by following these steps: Identify the services that are used repeatedly such as support, replenishment, and updates. Recast these services into a recurring offering. Consider moving your core value proposition to a premium product that requires a subscription. The non-recurring revenue component coul...