We all know the beginning of the year is a time for making resolutions to improve ourselves and planning for what’s to come. For business owners in all industries, the beginning of the year is also an ideal time to make resolutions and plans for the organizations they lead. If you are a business owner…
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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 know you want to sell your fire protection business in a few years, your impulse may be to slow down or simply maintain your current workload. But, the opposite can be the better way to prepare for more competitive offers. Here are a few ways to sell your fire protection business for more:…
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As a business owner, maybe you’ve heard the term future-proofing. Ever wonder what it means? Future-proofing involves creating a plan for dealing with the fact that the world of business is always changing. Whether it’s a gradual evolution or a revolutionary new technology that sets the market awhirl, savvy business owners need to be ready…
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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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There are a few ways you can go about growing your alarm business. One of the most common ways to grow substantially in a relatively short period of time is to seek out an acquisition or merger with another security organization. But since you’ve worked hard to build your alarm business into the successful enterprise…
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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 4 reasons why RMR should be a primary…
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