Comment on when you should retire / ISC meeting schedule / Meetings filling up – still time to register April 3, 2024

KEN KIRSCHENBAUM, ESQ
ALARM - SECURITY INDUSTRY LEGAL EMAIL NEWSLETTER / THE ALARM EXCHANGE
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Comment on when you should retire / ISC meeting schedule /  Meetings filling up – still time to register
April 3, 2024

Comment on when you should retire from article on March 23, 2024
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Ken:
            I find it most interesting the “WHEN SHOULD YOU RETIRE” article…..
            There are entrepreneurs and then there are entrepreneurs…….
            It all depends upon the person’s commitment to the customers and if they are still having FUN!
Ken, the person mentioned about being approached a couple of times – HA! I’m getting WEEKLY calls or emails and every once in a while an actual letter!
            As far as ‘working for the new folks’ – he (or she) has to remember the old saying….
WE LOVE THE WAY YOU HAVE DONE THINGS AND GROWN A SUCCESSFUL COMPANY AND WILL NOT CHANGE ANYTHING!
The check is handed over to the old owner…….
The check is CASHED!
In the mail is a letter to the old owner of the CHANGES CORPORATE WANTS DONE!
            I’ve talked with ‘former owners’ and they are all MISERABLE working for the new ownership!
            So, here I am, pounding out this letter of my 2-cents at the ripe age of 70 and still having FUN at helping to protect lives and property!
Ken – please ask this person to contact me as I’m a member of ESTA and we WANT more committed entrepreneurs and he (or she as there ARE female owners!) might enjoy our ‘gang’!
   Respectfully,
Joseph (Joe) Pfefer
Founder & C.E.O.
(Chief Encouragement Officer)
Jade Alarm Co
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Response
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            Your observation about retiring and expecting to work for the buyer is, for the most part, accurate. New owners have their own ideas and agenda; your participation is useful for a transition, for sure, but ultimately buyers want their ideas implemented and their way. You build a business and most likely you're not use to "taking orders" [as opposed to suggestions, which you may or may not accept].
            It's OK to sell; it's OK to retire. It's OK to start a new chapter in your life, whether it's a new venture, business or activity. Thinking you can retain control over the company you sell and mesh with your future plan is unlikely to succeed. I'm certain there are exceptions, but you need to carefully evaluate your prospects before jumping into something you may not really be prepared to accept.
            On a more positive note, there is definitely time to sell your business and you need to know when that time has come. It was probably a long haul up that ladder; the way down happens faster. If your RMR is heading in the wrong direction and you can't figure out why or do anything about it, time to consider something else. Sell off those accounts, wait out the one year guarantee, and end the stress and uncertainty. Running a business comes with all kinds of responsibilities and you need to be a pretty good juggler to keep the lights on. You can't beat taxes, death or aging, which comes with slowing down and having different and new things to focus on besides your business. Hopefully these other things are in the good or great category; you deserve it.
            Two of the Group Meetings in Las Vegas during ISC may be of interest, and as I write this article there may still be room for you [Call to participate: Stacy Spector,Esq at 516 747 6700 x 304]:
            Tuesday April 9. Group Meeting: 3:00 pm to 4:00 pm – Monetize on your monitoring accounts; new incentive program; learn how to get unheard of incentives from your central station or move to another one. Group meeting conducted by Ken Kirschenbaum.
            Wednesday April 10.  Group Meeting:  11:00 am to 12:00 pm - Selling and buying alarm accounts; Things to know. Group conducted by Ken Kirschenbaum.
            And if you're in the Fire Protective / Suppression business or want to talk  to one of the leading brokers in the alarm industry, book a meeting with Rory Russell by calling Stacy Spector,Esq at 516 747 6700 x 304.
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Private and Group meeting schedule now available
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Group Meetings: See schedule below. Reserve your spot by calling  Stacy Spector at 516 987 8428.
Private Meetings:
          Schedule a Private Meeting with Ken Kirschenbaum by calling Stacy Spector at 516 987 8428.
          Register for a Group Meeting by calling Stacy Spector at 516 987 8428
Schedule Private meeting with broker Rory Russell by calling Stacy Spector at 516 987 8428.

Group Meetings: Topics and Schedule
Tuesday April 9. Group Meeting: 3:00 pm to 4:00 pm – Monetize on your monitoring accounts; new incentive program; learn how to get unheard of incentives from your central station or move to another one. Group meeting conducted by Ken Kirschenbaum.

Wednesday April 10.  Group Meeting:  11:00 am to 12:00 pm - Selling and buying alarm accounts; Things to know. Group Meeting conducted by Ken Kirschenbaum.

Wednesday April 10.  Group Meeting:  2:00 pm to 3:00 pm – State sales tax and complex company valuation. Group meeting conducted by Mitch Reitman of Reitman Consulting Group.

Wednesday April 10.  Group Meeting:   3:00 pm to 4:00 pm – Central station – dealer relationship; contract issues; understanding the dealer agreement terms and why you need the K&K Rider. Group meeting conducted by Ken Kirschenbaum.

Thursday April 11.  Group Meeting:  10:00 am to 11:00 am - Insurance for your alarm business – best options; availability, pricing and claims. Group meeting conducted by Shawn Iverson of The Insurance Center.

Thursday April 11. Group Meeting: 11:00 am to 12:00 pm – Contracts – which ones you need and why you need them. Group meeting conducted by Ken Kirschenbaum.

Thursday April 11.  Group Meeting:   from 3:00 pm to 4:00 pm -
The Corporate Transparency Act. Group meeting conducted by Mitch Reitman of Reitman Consulting Group.

Private Meetings with Rory Russell of AFS:
         Schedule a private meeting with Rory Russell of Acquisition and Funding Services (AFS) to discuss buying or selling security, fire and integration business. Available times to meet with Rory Russell are as follows: Wednesday April 10 and Thursday April 11 between 7:30 am and 11:00 am and 12:30 pm and 4:00 pm. Contact Stacy Spector to schedule a private meeting with Rory. Call 516 987 8428

ALL TIMES ARE PACIFIC STANDARD TIME.

Contact Stacy Spector, Esq. for all scheduling at Sspector@kirschenbaumesq.com or 516-987-8428.

STANDARD FORMS  Alarm / Security / Fire and related Agreements
click here: www.alarmcontracts.com
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CONCIERGE LAWYER SERVICE PROGRAM FOR THE ALARM INDUSTRY - You can check out the program and sign up here: https://www.kirschenbaumesq.com/page/concierge or contact our Program Coordinator Stacy Spector, Esq at 516 747 6700 x 304.
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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
ken@kirschenbaumesq.com
www.KirschenbaumEsq.com