🔄 What type of recurring revenue business can you create?

Leila Hormozi explains that you can create a successful business without using software. High recurring revenue matters more. Think about businesses that can earn steady income without technology.

💼 Focus on high recurring revenue strategies.
- 🛠️ Explore non-software business opportunities.
- ⚠️ Be wary of costly tech ventures.

Building Profitable, Recurring Revenue Models

In the video "The Secret to Sellable Businesses" from Leila Hormozi, she emphasizes that you can build a sellable business without having to create software. The reason software tends to have such high market multiples is not solely because it is software, but rather because it often generates recurring revenue. There are many different types of businesses that can achieve high recurring revenue without involving software. This leads to an important consideration: what kind of business can you build that has very high recurring revenue that doesn’t rely on software? Hormozi shares her observations from conversations with numerous software companies. She notes instances where companies are generating five million dollars in revenue while losing three hundred thousand dollars a month. Building such software ventures can be prohibitively expensive. Furthermore, if you do not possess technological expertise or do not have a reliable technical co-founder, it becomes even more challenging to navigate this landscape. Hormozi highlights the complexities involved and suggests that there are numerous reasons to reconsider diving into software development without adequate preparation and resources.

You can create a valuable business without relying on software. Focus on building a model with high recurring revenue instead. This approach opens opportunities that software alone can't offer.

Leila Hormozi offers valuable insights on establishing a successful business model that doesn't solely rely on software, highlighting the potential for generating recurring revenue through various avenues. By examining various business strategies outside of software, she encourages entrepreneurs to think creatively about their offerings, emphasizing the importance of aligning their services with market needs, which can lead to sustainable income streams. Engaging with her perspective can stimulate innovative ideas on building a repeatable revenue model tailored to different industries and customer demands.

Take a moment to share your thoughts on how you would approach creating a recurring revenue business model. Keep your response between 25 to 100 words. Make sure to engage with your peers by replying to 2 comments and liking 3 others that resonate with you for a richer conversation!

You can create a successful business without using software. 🌟

0 comments