Startup Funding Espresso – Challenges in Scaling a Recurring Revenue Business

Challenges in Scaling a Recurring Revenue Business

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Recurring revenue brings many benefits to a business.

There are challenges in scaling a recurring revenue business.

Consider these challenges for your business:

Manual processes -- these slow down the growth of your business.

The more processes you automate the easier it will be to scale your business.

Automated sales, marketing, support, billing, and product delivery.

Churn -- businesses with a high churn rate will struggle to scale.

Seek to build a sticky business that retains customers for the long term.

Unintentional churn -- this comes from failed payments.

Build-in tools to reduce failed payments through dunning, automatic card updaters, and other processes to ensure successful payments.

Accurate reporting -- this captures the key data points around sales, payments, and other financial aspects of the business.

The more you know about your business process, the more easily you can find ways to scale it.

Lead generation -- scaling a business requires a greater number of leads and ways to process them.

Consider what channels you’ll need to develop to scale your recurring revenue business.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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