Podcast: Play in new window | Download
Welcome to Episode 240 of the Success in Business Podcast. We are here for you every Monday to teach you about success in business and today is no different.
Today Tom delivers on his promise to dig into revenue-based financing and who it works for best. It’s important to understand that revenue-based financing investors are essentially lenders. This is not “I love you money.”
Revenue-based financing investor will first consider revenue. They will want to know the prospect for having future, consistent recurring revenue. That’s called MMR: monthly recurring revenue. So, if you have a strong showing in that area then you would be an excellent candidate for revenue-based financing.
Examples of these types of companies are membership services like Netflix, Square Space, a paid e-mail through Google, etc. Tom continues to teach us that there is a positive correlation between the amount of the loan and the amount of the MMR.
Tom wraps up today’s great episode with a New Year’s toast! May you have a happy new year!
Tweet Tom at: @TomRyanAVL
Do you have a question about your business? Tom would love to help you:
Leave a voicemail: (801) 228-0663
E-mail your questions: SuccessInBusinessPodcast@gmail.com
Like this podcast on Facebook
Follow this podcast on Twitter: @TomRyanSIBP
Get every episode free: Subscribe in iTunes