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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...

2011, Good to Great, Honeywell, Jim Collins, John Jennings, Safeguard Security