Tag: Honeywell First Alert Professional Convention 2011
Lessons from the recession
November 29, 2011Tess Nacelewicz
SCOTTSDALE, Ariz.—The economic recession took a toll on Safeguard Security, a family-owned, 50-year-old security company based here. Its annual revenues dropped from $34 million in 2008 to $29 million in 2010, company president John Jennings said.However, he said he expects Safeguard's revenues to rebound to $30 million by the end of this year, and said the downturn provided important lessons for his company.“It's been the hardest couple of years since I've been in business, but it's...
