Short excerpt from a YouTube video where two speakers discuss the importance of having recurring revenue rather than relying solely on one-time project work. The speakers argue recurring revenue provides a financial “bucket” to cover fixed expenses and contributes to company scale and resilience.
I plead people to have recurring revenue. At least some of it is to protect yourself because at least you have a bucket. At least you have something to try to hold on to to cover your fixed expenses. Because a project doesn't have a bucket. It's a one time job. You've got to have something to play defense with.
And that's why recurring companies are typically the largest in this industry. You don't see a lot of nine.
Figure project.
Based only companies because they can't scale to the point and withstand a massive recession where all of a sudden projects get wiped out.
