Why Monitoring Your Creation Cost is Important to Your Business
Tracking and managing your costs associated with generating new customers is critical to building a profitable alarm company.
Tracking and managing your costs associated with generating new customers is critical to building a profitable alarm company.
Adding new RMR is critical, but you want to do it in a cost effective way. Learn how to calculate your creation costs.
Perhaps you’ve been thinking about selling some of your accounts to free up cash to achieve your growth objectives or pay down your debt; or you may even be ready to make a complete exit.
With an increasingly competitive security industry, it has never been more important for you and your security company to think strategically about developing and growing your alarm business.
Attrition is one of the most misunderstood concepts in the alarm industry.
Customers cancel for many different reasons but some, like moves or financial issues, you may not have control over. Are you doing everything you can to be sure your customers are not going to competitors? Here are six steps to combating competitor-driven cancellations. Know your market. Information is the key to combating competitor-driven cancellations. You…
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Thanks so much to Kelly Bond, Alarm Capital Alliance’s Senior Vice President of Business Development, for hosting “Transforming your Company into a High-Value Business.”
Whether your goal is to sell your company and make a complete exit, obtain much-needed capital, or look for a strategic partner to help you grow your business, you want to get the most value for your company and your accounts.
Do you know the difference between gross and net attrition rates?
Does your attrition rate meet industry standards?