#MORNINGBREW : STARTUP

Besides attracting and retaining customers who want these benefits, there's a significant advantage for subscription companies: recurring revenue. Instead of a one-time payment, monthly subscription businesses collect a monthly fee (or sometimes a year of fees in exchange for a lower monthly rate) before sending out the product or service. This revenue model provides an upfront spike in cash flow along with a longer-term outlook for a stable income. Moreover, you'll get a better sense of product volume for inventory planning and management. There is no time like the present to start a monthly subscription business to ride the lucrative wave. Here's how to launch:

Self Helpseanella abrahamFebruary 18, 2020start up, business, entrepreneur

#MORNINGBREW: STRATEGY

Speaking from experience, deciding to be an entrepreneur will change your life and is one of the best things you'll ever do. It involves turning your back on the status quo, walking away from social conventions, and not settling for less than you deserve. Becoming an entrepreneur often means you are following your passion. Staying strong and moving forward won't always be easy. There will be hard days, weeks, even months. It's important to stay focused on your why and what got you into this entrepreneur game in the first place. Your hard work will pay off.

Self Helpseanella abrahamFebruary 17, 2020strategy, building a business, entrepreneur, business, artsymagazine, selfhelp, morningbrew, dailyread