ALARM CAPITAL ALLIANCE BLOG
Our blog has been established in order to become an industry leading resource for succinct, yet thought-provoking information ranging from helping you to prepare to sell your alarm company to discussing how you can increase your RMR, or improve your standard operating procedures.
Organizational Documents to Have in Order
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. […]
Continuing Education and Training Can Help Fuel Your Business Growth
While adding new customers and increasing recurring monthly revenue drive your top line income, it’s your employees – your internal staff and field technicians – that keep your alarm business alive. Many businesses, however, neglect employee training, seeing it as a nonessential expense. But ongoing training can be helpful to both employees and your company, […]
Adding Value by Continuing Client Communication
As you’re working to grow your security alarm business, you have likely focused on increasing the number of your customers, but what about increasing the value of each customer you already have. Focusing on your existing customer base has an added benefit: not only does increasing customer value potentially add to your monthly RMR, […]
Learn How To Build Great Reporting Habits
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 […]
Contracts – Adding Value to Your Business
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 […]
5 Tips to Navigate Past Family Business Succession Planning Nightmares
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% […]
Six Solid Steps for Succession Planning Success
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 succession planning is unmet expectations. At best, when a plan has a different […]
Succession Planning We asked-You answered!
In a recent blog about succession planning, we asked that you share your stories with us.
Video Monitoring: Why You Should Be Watching!
Offering video will help differentiate your company from the dealer who is not keeping up with advancing technologies.
Succession Planning Missteps to Avoid
There comes a point in every business when you need to start succession planning.
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