Every month my company sells roughly $15,000 worth of monthly recurring revenue contracts with five year term lengths. The service sells for $1,000 per month so every month we sign on 15 new customers.
$15,000 * 12months * 5 years = $900,000 (total contract revenue for all 15 contracts sold during the month)
We've maxed out our borrowing on physical assets held by the company and I need to find a way to unlock these revenue streams to use as collateral for further growth.
What's the best way to do this? I would prefer to not have to go to every customer and amend their contracts in any way.
posted by Paalen
on Jan 24, 2014 -
I run a small design firm out of the house, with 2 employees and yearly sales of about $250K. How much should I pay for basic accounting services? He only does my taxes, I have a payroll service for payroll, and I do my own bookkeeping.
posted by anonymous
on Feb 4, 2005 -