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Do you want your kid in your alarm business?
December 27, 2022
Do you want your kid in your alarm business? 
            Most of you fall into one of the following categories
  *  you’re planning on getting married and building an alarm business
  *  you’re wondering what it’s going to cost to raise your kids
  *  you’re wondering what your kids should do for a living
  *  you’re trying to remember the names all your grand kids, never mind their birthdays

            Where has all the time gone?  It goes by and the older you get the faster it goes by.  Just like every other parent you wonder if your kid(s) should follow you into your business or industry.  Why not, it’s been good to you and it’s getting better.  But all that hard work; risky maneuvers, slow times and good times; changing technology; will there be a need for your services in the future; are there better options for your kid?
            Don’t think the grass is greener on the other side of the fence.  
            I don’t think any of my friends think that their business or profession is the right move for their off-spring.  Doctors say anything but medicine; lawyers, better in finance; finance, better in law or medicine; manufacturing, better in retail and retail better in manufacturing. “Anything is better than what I’ve had to do and my business is too risky for the future.”
            Of course not everyone thinks like that.  Just look around at second and third generation in the alarm industry.  [I’m on third generation in the legal profession, my Dad, me and Jennifer.  Can I hold out for my grand kids?].  
            Here’s how I described the alarm industry long time ago, and it is spot-on today:  For the alarm industry, first generation wears jeans and has pulled wire; second generation wears a sports jacket and never installed a system; third generation wears a suit and doesn’t know how to install an alarm system.  The apparel is a metaphor and we could equate it with the car each generation drives or the house each generation lives in.  Always better.
            The alarm / security / fire alarm industry is an exciting business.  Technology keeps it moving forward.  All the crime in our society is also a constant reminder to the public of the importance of personal security measures such as fire and intrusion alarms, video and audio in homes and business, reliable access control, etc.  Of course it requires you to continue training and educating yourself, but by now you should know that.  The expansive technology, fast-pace crime ridden world we leave in, global market and security conscious world ensures that the alarm industry is a vital and essential service, and those engaged in the industry are at the forefront of protecting the future of those who avail themselves of the security and fire alarm services.
            You and your kids can make a great living in the “alarm business”, which as you know includes much more than alarms.  You can get rich in this business and if you already have, you can get richer.  You can send your kid to law school, medical school, and business school, have them come out with a JD. MD, MBA, and guess what, they still end up in your alarm business.  You may not recognize that business 5 years after they arrive, but you started it.  
          BTW, if you’re reading this and thinking, “is this guy nuts, I want to sell and cash out” … give me a call.  Now is a great time to get top dollar for your alarm company.  Buyers are paying a premium for alarm companies that have followed best practices.  K&K will find you a buyer and also represent you throughout the sale for legal.
            I hope you love your business; I hope you’re great at it; I hope you make lots of money and live well, and I hope you have a happy and healthy new year.

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Ken Kirschenbaum,Esq
Kirschenbaum & Kirschenbaum PC
Attorneys at Law
200 Garden City Plaza
Garden City, NY 11530
516 747 6700 x 301