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Glossary

MRR (monthly recurring revenue)

Predictable subscription revenue that arrives every month.

A hundred customers paying $50 a month is $5,000 MRR. Its value is predictability: you can hire, spend and plan against it in a way one-off sales never allow.

Recurring revenue is also why software businesses sell for multiples of annual revenue while service businesses sell for multiples of profit. Buyers pay for predictability.

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