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Unpacking The Subscription Business Model For Firms with Ron Baker
The CPA Advisory Show
The New Profit Formula for Subscription Businesses
Subscription businesses build annual or lifetime annuities that are far great worth much more than it costs to acquire them. That's the new profit formula. When you go to sell your firm, any potential buyer is going to take your top line revenue and they're going to throw it into two buckets. One is subscription which would be predictable. And the other bucket would be reoccurring revenue.
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