You have made the decision to participate in a Dealer Program, and now it is time to research the best one for your business, as well as prepare to be selected. Just as alarm business owners and integrators will need to do their homework, you can expect vendors and service providers — especially those operating purchase programs — will also do their due diligence when evaluating potential members.
Your business may be making money but that doesn’t mean it’s financially stable. In order to truly gain financial stability, your company must have the ability to withstand a temporary (or lengthy) problem.
There are several types of dealer programs, each with its own diverse offerings. Find out how you can leverage a dealer program to increase your company’s cash flow.
Offering video will help differentiate your company from the dealer who is not keeping up with advancing technologies.
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.
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.
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.
Managing the finances of a small business can get complicated quickly.
