Generating recurring monthly revenue (RMR) is hugely important when it comes to running a successful and profitable alarm business. Here, we explore what makes RMR so valuable, how to bolster your RMR, where to look for additional sources of RMR and more to help your business thrive now and sell for top dollar down the road.
Like many commercial fire and safety service providers, security integrators perform large-scale installations of expensive detection and notification equipment. These installations bring a flood of money into the business at once. When they happen frequently, your business thrives. But if they slow down, you will need to have a reliable stream of regular revenue established…
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Some fire and security companies focus on installations and one-time projects. But, most thrive by providing regular inspections and maintenance for their customers’ fire safety and security systems. When a large part of a company’s revenue comes from recurring services, the best way to assess its growth and financial health is different from other companies….
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If you’re a business owner in the security or fire alarm industry, you likely understand the value of recurring monthly revenue. It’s one of the major factors that can help you build value within your company, and a key element that buyers look for when it comes time to sell. But if you haven’t explored…
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All alarm business owners – even those who own traditional alarm companies – are beginning to recognize the immense value of recurring monthly revenue. In this day and age, many are making an effort to diversify their offerings and ensure that their eggs are in more than one basket. They’re also looking for new ways…
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Generating recurring monthly revenue (RMR) has been an imperative element of running a successful and profitable alarm and security company for years – but now more than ever, companies should be focused on bolstering their sources of RMR. Why is this the case? Here are our top 5 reasons why RMR should be a primary…
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