Making an acquisition is a quick and easy way to gain valuable RMR. However, acquisitions can be expensive. As part of SSI‘s Businesss Leadership Webcasts, ADT President of Dealer Partnerships and SSI Hall of Famer Joe Nuccio laid out how to go about making acquisitions.
Key points included:
- Why Acquisitions?
- How to Expand Your Security Company Into New Territories
- How to Successfully Pull Off an Accounts-Only Acquisition
- How to Grow Your Portfolio Through Acquisitions
He says when it comes to making an acquisition, make sure you know your cost structure. Since they can be expensive, maybe you have to think about taking on some bank debt, or a private equity partner.
Nuccio says bank debt can seem frightening, but is a really great way to grow if you go into it knowing what your plan is and knowing what you can do.
Hear these cash flow tips in greater detail in the video above
