Invest in Operations
Owning an alarm business – or any business for that matter – is challenging. Investing in solid operating systems will help you navigate through each challenge and create a strong foundation for the future.
Owning an alarm business – or any business for that matter – is challenging. Investing in solid operating systems will help you navigate through each challenge and create a strong foundation for the future.
Now that your alarm business has a functional website, it’s time to get found!
The alarm industry is highly competitive. In order to succeed, make sure your sales team is equipped and trained to handle the everyday challenges they will face. The better trained your sales team is, the more profitable your alarm business will be.
Your alarm business has just reached a huge milestone: you now have the capital you were seeking. Now is the time to allocate and manage your money in order to meet your business objectives. Buckle down and create your monthly business budget.
Whether you’re a brand-new security business owner just starting your company or a well-established owner, the need for financing may arise.
At the end of each month, are you counting your extra cash or your extra product inventory? If it’s the latter, then you are overdue for implementing a strong inventory management system.
Just as you expect your customers to pay for their alarm systems, your employees expect a paycheck.
Poor “cash flow” is a big reason why more than half of small businesses don’t survive. This is particularly true in the alarm business, where the monthly recurring revenue model can complicate matters.
With Q1 2015 in the books, it’s time to evaluate how you did and what changes you need to make in order to have a successful 2015.
“You’ve got to have the right people in the right job.”