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. _______________________________________________________ For more episodes from Investor Connect, please visit the site at:   Check out our other podcasts here:   For Investors check out:   For Startups check out:   For eGuides check out:   For upcoming Events, check out    For Feedback please contact info@tencapital.group    Please , share, and leave a review. Music courtesy of .

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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.