This content was created by Dotty Scott. This content was uploaded by Dotty Scott. This is a YouTube video titled "Recurring Income" (published July 23, 2023). The excerpt features a single speaker (labeled SPEAKER A) discussing contingency planning for businesses that generate recurring income—specifically ensuring customers and subscription/hosting services are handled if the owner dies—so customers won’t be abandoned.
I can share that when— so I sell hosting among other things, but when I set up the company that I sell hosting through, I actually asked them, you know, what's going to happen to my customers when I die? And they said, well, it's set up to automatically fall back to the company and all the customers will be taken care of. So like that piece was, is taken care of before I ever committed because I needed to have that assurance before I committed to something long-term, if that makes sense. Sure. So if your business has little pieces that are recurring income, make sure that you know what's going to happen to that recurring income when you pass. Because that I felt was really important to know that my customers aren't going to be abandoned.
