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ALARM CAPITAL ALLIANCE BLOG
It seems everywhere you turn, another DIY alarm product or smart home offering is entering the market. At some point, you may be considering offering a similar service so that you can compete with that segment as well. One school of thought is if you can build a relationship with the entry-level DIY customer now, […]
Documentation is a fact of life when running an alarm business. Customer agreements, central station contracts – they come with the territory and we wouldn’t consider running a business without them. There are, however, other types of documentation that don’t get as much attention, but are just as critical to maintaining a growing, successful company. […]
When a buyer is looking at your alarm business, most often their major goal is to gain market share or they see some financial synergy. Beyond the surface and first impressions, it’s the quality of reporting that tells the real story of the strength of a potential deal. The very nature of reporting, however, dictates […]
Who likes paperwork? Nobody we know, but when it comes to buying or selling your business, the value you get is closely tied to your sales/monitoring contracts. We are often surprised at how frequently we begin negotiations and due diligence with a company only to find out that the contracts which the owner was planning […]
If you run a family business, you have challenges many outsiders find hard to understand. But you’re not alone. Family businesses represent approximately 60% of the jobs in America. One of the issues that can seem more complex with family businesses than others is succession planning. According to The Family Firm Institute, only about 30% […]
Previously, we talked about the importance of succession planning and uncovered some missteps many business owners make that you can avoid. Now let’s take a look at what you can do to be successful. One of the biggest causes of failure in a succession plan is unmet expectations. At best, when a plan has a different […]
In a recent blog about succession planning, we asked that you share your stories with us.
Today, it’s possible that three, four, even five generations could be working within your company at the same time.