The Power of Recurring Revenue in Small Businesses
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Tim is a versatile entrepreneur, investor, consultant, and podcast host who helps service business owners uncover the profits hidden inside their existing business. By the age of 25, Tim had raised over $325mm for his investment company before moving on to building a 7 figure tech-enabled fitness business alongside his wife. Most recently, Tim was one of the 4 Executive Team members at GymLaunch alongside Alex and Leila Hormozi. He oversaw the development and launch of ALAN, a machine learning SaaS company, which grew from zero to $20M ARR in 6 months. Currently, Tim helps make founders’ dreams come true by implementing his Product to Profit TM Framework as a sought-after #2 to ambitious founders.
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In today’s episode, Gary is joined by Tim Khalise, a versatile entrepreneur, investor, and consultant. Tim shares valuable insights into building and optimizing the recurring revenue component of service-based businesses.
Small Business Answer Man Shownotes:
- Tim emphasizes the importance of recurring revenue in building a successful business.
- He explains how businesses can leverage their existing customer base to establish long-term relationships and drive profitability.
- Tim discusses the significance of offering high-value services that address customers’ core needs and aspirations.
- Tim highlights the role of affiliates and partners in expanding business reach and acquiring new customers.
- Gary and Tim encourage business owners to shift their mindset from competing on price to delivering exceptional value.
- They stress the importance of believing in the value of one’s offerings and pricing accordingly.
- They advised to focus on delivering solutions that provide tangible value and enhance their quality of life.
Tim Calise’s Small Business Tip:
Look for strategic partners and affiliates who can help you reach new audiences and expand your business network. Collaborate with like-minded businesses to create mutually beneficial opportunities for growth.
Connect with Tim Calise:
Website: https://timcalise.com/
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