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Online Business Systems Ep 13: Ending The Feast and Famine Cycle: The Power of Recurring Revenue
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Today you are listening to episode 13 of the Online Business Systems Show where we will be looking at the topic “ Ending The Feast and Famine Cycle: The Power of Recurring Revenue “.
Today’s episode will be done a little differently than our other episodes.
In our other episodes we would begin by reading an article from a reputable source, research, or an industry thought leader to get facts, statistics, and other easy-to-measure and compare metrics upon which we base our claims.
Then we would start to look at the topic in more detail and address the solution that is best for you at the end.
In this episode, we will do things differently.
We will start by looking at the problem. That is we are going to start by learning more about the problem of the feast and famine cycle - what is it, what are the causes, and what are the symptoms.
This will mark the first section.
In the second section, we are going to look at the solutions put forward by reputable sources, thought leaders, and industry experts. These are solutions that any freelancer or small business owner can use to improve their business, revenues, profitability, and success odds.
This will all be done in the second section.
In the third section, I will propose a solution to the problem that I think is a far better answer than the ones proposed by today’s industry experts and thought leaders.
The solution I propose is not a novel one but one I learned from John Warrilow’s New York Times bestselling book, ‘Built To Sell’.
Let us dive right into the episode by taking a closer look at the problem of the feast and famine cycle.
What is the feast and famine cycle?
The feast and famine cycle is an up and down roller coaster where you're joyful and “feasting” at times, and hungry and needing labor at other times. It's normal to have a few slow months during the year, but there are a few things you can do to try to be more consistent and break the cycle.
Very quickly before we get started I’d like to introduce myself. I am your host today, Jabez Roberts, and I am also the Founder and CEO of Zeilhan Systems Limited. I will be your guide for this episode of the Online Business System.
Episode Links:
Refrens article on the feat or famine: https://www.refrens.com/grow/feast-and-famine-cycle-of-freelancing/#:~:text=The%20feast%20and%20famine%20cycle%20is%20an%20up%20and%20down,consistent%20and%20break%20the
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