The Vital Role of Building Your Team When Buying or Selling a Security Business
In the fast pace of security business transactions, ensuring you have a team of experts as advisors cannot be overstated. Whether you are buying or selling a business, navigating the acquisition process requires specialized knowledge and experience. A team of experts brings together diverse skills and insights, ensuring that a transaction is not only successful but also maximizes value and minimizes risks.
Is the Timing Right to Sell My Business?
If you look around any industry convention, conference, meeting, etc. You will notice a lot of the business owners may look… well, familiar. Many started their security businesses in the 1970’s and 1980’s when the security industry services expanded to include not only physical security but also electronic surveillance and alarm systems. Many of these familiar faces have had great careers operating a successful security business. As it is in any industry, however, the “baby boomers” are looking for their day in the sun and are increasingly looking to sell their businesses.
SentryNet’s 23rd SentryCon Annual Dealer Conference
SentryCon, SentryNet’s annual dealer conference held in Biloxi, MS, was held April 23-26th with over 225 security industry professionals in attendance. The main focuses for this year’s conference included how to deal with current challenges facing the security industry and how to increase business and Recurring Monthly Revenue (RMR). In addition to education, the SentryCon tradeshow gave dealers a chance to be face-to-face with the industry’s best product and services providers. Hikvision, SentryCon’s Platinum sponsor, shared the newest in camera systems.
Sentrynet Will Focus On Industry Change At SentryCon 2018
SentryNet’s 23rd annual dealer conference, SentryCon, will be in April and will focus on “The Challenge of Change” and how it affects independent alarm installers. Special Guest speakers like Mark Brown of Southwestern Consulting will bring to light what can be done to overcome those challenges. In the face of disruptive technologies and shifting powers to the consumer, changing how you do business is essential to staying in the game.