Education SessionFinancial Fundamentals for Security Companies: Metrics Boot Camp - Part 1
Friday, June 16, 2017 08:30AM - 09:30AM
It’s all in the numbers. As a business owner or executive, there are certain numbers you need to watch to monitor the health of your business. This intensive two-part metrics boot camp will run you through which numbers you need to keep your eyes on and how to interpret them. Many entrepreneurs, owners and executives are not proficient in interpreting numbers from financial statements. Understanding what your financial statements are telling you, is critical to properly running your business. With a solid financial foundation, you can wisely grow your revenues and improve your bottom line results. In this session, you’ll learn how to:
- Develop and understand the three basic financial statements
- Map how each statement is contributing to your growth plans and profitability
- Comprehend the importance of Work-in Progress (WIP), deferred revenue and other industry financial methodologies
John Colehower is the principal of Mergers & Acquisitions L.L.C., a consulting firm specializing in the security industry. The firm is engaged in finding, negotiating and structuring mergers, acquisitions and financings of security and systems integration companies. The firm also provides management consulting, business appraisals and valuations.
Prior to starting Mergers & Acquisitions, Mr. Colehower was the co-founder and Executive Vice President of Matrix Security, where he directed its acquisitions program. Headquartered in Turnersville, NJ, Matrix completed over 50 acquisitions and operated twelve satellite offices in the mid-Atlantic Region between New York and North Carolina. At the time of its sale, Matrix monitored approximately 37,000 alarm customers, generated over One Million Dollars in Recurring Monthly Revenue and was ranked as Number 27 on the SDM 100 List.
Before starting Matrix, Mr. Colehower co-founded and directed acquisitions for United Security Systems. Headquartered in Lawrenceville, NJ, United Security completed over 50 acquisitions. At the time of its sale, United and its affiliates were ranked by the SDM 100 as the 16th largest security company in the United States.
Prior to his entry into the security industry, Mr. Colehower practiced law as an attorney with the Philadelphia law firm of Saul Ewing where he concentrated in municipal finance, business and real estate law. Over the last 25 years, Mr. Colehower has continually served as an Adjunct Professor of Law at Temple University’s Beasley School of Law in Philadelphia, Pennsylvania. He has also served as an Adjunct Professor of Law and a Lecturer in Law with the University of Pennsylvania and Rutgers University Law Schools.
Mr. Colehower is a frequent speaker on security industry acquisitions and financings, including: the Barnes Buchanan Conference in Palm Beach FL; Honeywell Security Conventions; GE and Interlogix Dealer Meetings; NYC ASIS; and various state Electronic Security Association meetings. He is a frequent participant of meetings of the Central Station Alarm Association, the Electronic Security Association, the International Security Conference and the Electronic Security Expo. Mr. Colehower also served on the President’s Counsel for Honeywell Security’s First Alert Professional Program and was a member of GE Security’s Dealer Advisory Council.
Jim Lee is founder and president of Astute Financial Consulting, a financial consulting firm and an authorized reseller of SedonaOffice and Vivid Reports software. He worked in public accounting before moving into the security industry as CFO of a national operator where he was involved in many financing and acquisition transactions. Over the years he has had the opportunity to serve as GM of a regional alarm company, manage a finance company, and develop business management software. He enjoys outdoor activities and is particularly fond of his grandchildren, their parents, their aunts and uncles and their grandmother Sheila.