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Good to Great

Lessons from the recession

Safeguard Security’s John Jennings says even bad economic times can help prepare companies for growth
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11/29/2011

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.