SOLUTION: BUS 402 SU Wk 6 Small Business Management Feasibility Analysis Discussion

Running head: HOME SECURITY SERVICES CONSULTANTS
Home Security Services Consultants
Student’s Name
Professor’s Name
Course Title
Date
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HOME SECURITY SERVICES CONSULTANTS
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Home Security Services Consultants
Business forms the cornerstone of most economies around the world, and the fast-growing
entrepreneurial sector is changing the way companies operate. Entrepreneurs are coming up with
new, improved ways of doing things, making work more comfortable and more tolerable. The
Tech industry is a vast field that experiences changes every day with discoveries made each day.
Technology has infiltrated and formed a basis for business development in many companies,
improving service delivery, production and distribution. Homes are places that people retire from
a long day’s work to relax and rest; it is, therefore, essential to feel at peace in your house.
Security is always a concern for many homeowners and ensuring that their family and the
property is safe. Home security is, therefore, in the mind of typically everyone.
Securing the home from intruders has led to the development of Home Security
businesses. The business aims to provide security services like; security cameras, alarms, guards
and distress response team. Home Safe Security Consultants is a home security company that
offers such services to a wide range of clients. The company aims to secure homes with practical,
cutting edge security equipment and systems that enable the user to monitor their homes even
remotely. Giving the owners control over their premises even when they are not physically at
home is one of the company’s main strengths. The homeowner can be able to switch off the
internal home lights, turn on security lights, adjust the security cameras angle, turn on security
alarm, among other functions.
The business is in a vastly growing industry where companies are competing to offer the
best services in the market. Having better equipment, networking capabilities, short response
time, minimal downtime, and excellent customer service are some competitive factors that set
apart different security companies. The rates that charged to the homeowners will also determine
HOME SECURITY SERVICES CONSULTANTS
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the client base that the business will attract. Hometech Security is a Home Security company that
provides security services for both residential and commercial properties. They have a broad
client base and are well established in the market, having gained popularity in having excellent
service delivery. Having facilities all over the country has allowed them to serve a large
geographic location in the United States.
Hometech has gained much popularity from their ability to deliver top of the line
equipment and security camera monitoring, for a small extra fee. Simplisafe company provides
security services at the convenience of the homeowner. The company does not believe in having
sales agents and encourage the user to choose from their wide range of equipment and services.
Simplisafe provides modern, high tech devices that are easy to set up, making it more
convenient. It is the perfect fit for small premises and apartments but does not have many
outdoor options.
HomeSafe Security Consultants hope to deliver timely services that cater to the users’
needs and is affordable. Focusing on home security, using home automation technology to;
monitor, secure and control the home, HomeSafe systems ensure that your home is always
protected. The mission statement of the company is to provide home security services that meet
the individual needs of the customer using cutting edge security systems and equipment to
promote security in our communities. Delivering service to the client in a friendly way, from the
user-friendly systems and effective customer service is the business’s primary concern to their
customers. Homeowners in the vast areas of suburban and metropolitan residential places are the
target market for the company. The companies aim to formulate packages that will cater to the
middle class and low-income earners as well, without compromising the quality of service.
HOME SECURITY SERVICES CONSULTANTS
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Home Safe is a privately owned company based in the United States that was created by
likeminded individuals who share a passion for security. The company has three partners who
have worked together for the past three years to develop a business that can be considered as an
industry trendsetter. HomeSafe is a Limited Liability Company (LLC), meaning that it is
privately owned by the three partners and does not offer stock shares to investors. The
partnership entails on equal rights to ownership and management of the business. Limited
Liability Company has certain advantages that are not enjoyed by sole-proprietorship or
corporations.
There are certain tax advantages with operating a limited liability company; the
management can choose which tax regime to pay. They can select either the; sole proprietorship,
S corporation, partnership or Corporation. Except for the C corporation, other Tax regimes allow
for the business income to be treated as the income of the owners. This businesses, also known
as flow-through entities, can help the owners avoid double taxation. Income can be taxed on a
corporate level and as the owner’s earnings, dividends. Retained earnings and a share of the
profit is what is referred to as dividends. Dividends can either be shared between stakeholders or
reinvested into the business, as per the agreement of the management.
In limited liability companies, there is usually appointment of officials to oversee the
operations of the business and a Board of Directors, though not a must. The board of directors
represent the interests of the business owners; this allows for a flexible management structure.
The limited liability aspect of this kind of business is perhaps its most significant advantage.
Limited liability companies exist as a separate business entity and ensure that the owners are not
liable for any legal or financial liability of the business. Cost of formation was shared among the
partners equally to ensure that equal rights were preserved and easy sharing of profits.
HOME SECURITY SERVICES CONSULTANTS
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References
Bangali, J., & Shaligram, A. (2013). Design and Implementation of Security Systems for
Smart Home based on GSM technology. International Journal of Smart Home, 7(6), 201208.
http://www.academia.edu/download/45353288/ref5.pdf
Huang, H., Xiao, S., Meng, X., & Xiong, Y. (2010, April). A remote home security system based
on wireless sensor network and GSM technology. In 2010 Second International
Conference on Networks Security, Wireless Communications and Trusted
Computing (Vol. 1, pp. 535-538). IEEE.
https://ieeexplore.ieee.org/abstract/document/5480767/
Moore, C. W. (2008). Managing small business: An entrepreneurial emphasis. Cengage
Learning EMEA.
https://books.google.com/books?hl=en&lr=&id=kqc2FMfH8UQC&oi=fnd&pg=PA4&dq=mana
ging+small+business&ots=JMAepYvfry&sig=ZoaOgN7hGep2pK7qrxAOcDsJlAE

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