Start a Private Security Company Business + Security Agency Business Plan Sample
Do you want to know how to start a private security company? With the increasing spate of armed robberies, acts of terrorism, kidnappings and abductions, the one great need confronting mankind today is seeking protection against these security threats which has initiated the birth of many private security business start ups.
As more businesses and individuals become more aware of their need for private security guards; especially as the organs of state, saddled with the responsibility of security provision, seem overwhelmed and overburdened, there lies great opportunity for business start-ups dedicated to the offering of private security services.
Starting a private security company requires the correct training and licensing, as well as possessing sound business knowledge and excellent networking and coordinating skills. As a start, the start-up security company must draw up a good private security business plan sample and how to secure a current private security company license registration and capital.
The business plan for a private security company should guide the entrepreneur along the following lines:
1. Assist the investor in knowing if the start up private security business has a competitive advantage by way of the services it plans to offer.
2. Make projections about the future potentials of the private security firm. While it is standard to start small, a number of potential clients will only deal with a small list of private security companies that have grown big and are still growing, with a period of excellent service delivery under their belt.
3. Help in deciding whether or not to take on a partner. The private security business plan should state the long term goals of the security service business, especially as regards the engagement of a partner, who can bring expertise in some desirable area.
4. Clearly show the niche services the home security company start up will be offering; whether it will be one that sells security products and devices or one that proffers security services or both.
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What do you need to start a private security company?
What are the requirements for starting a private security company? The entrepreneur interested in starting a private security business should have had some experience serving as a police officer or in the Armed forces. The simple logic guiding this requirement is that perception counts, and clients will only feel confident in committing their safety into the care of suitably trained and conditioned ex-officers.
In addition, the years of experience garnered in security establishments, will serve at the template for the operations of the newly set up security guard company, especially in drawing up security protocols for individuals and large corporations.
Private security company requirements
For individuals desirous of establishing a new private security contractor company but do not possess the requisite law enforcement/security background, attending a legally accredited security training school or academy will be important. Such programs will expose the entrants to rudiments of security training and conditioning such as firearms use and safety, intelligence gathering and interpretation, counter terrorism practices and so on.
The next action in establishing a private security company is to obtain relevant permits and registration, certificate of practice and other documents from relevant authorities. The provision of security to individuals and corporations outside the services of the state is regulated in almost parts of the world and the security company must comply with the laws of the land.
The next critical step for the about to be established private security company, will be the recruitment of security personnel. This action must be thorough and professional, as these front line staff are the first point of contact with the public and they must display the sound conduct and excellent human relations in the discharge of their duties.
Ideally, to set up a private security company, you could employ ex-police officers and service men. Where these kinds of applicants are unavailable, other entrants can be made to undergo a period of internship at a security guard training school.
Acquiring necessary tools and equipment such as mobile phones, headsets and two-way radios for employees will naturally follow suit. As much as start-up costs will permit, the private security company can institute an insurance policy for employees, in the discharge of their private security jobs.
Another important step to start your own private security company will be to evolve appropriate marketing and advertising strategies. Less expensive means will include the distribution of flyers, word of mouth marketing and referrals by friends and family. Concurrently, the owner of a start up Security Company could pursue an education in criminology/criminal law.
This is to enable a sound grasp of laws and the rights granted individuals. In addition, when setting up a private security company, there must have a proper location where customer/clients can be received and where training and seminars can be held for employees.
While it is ideal to secure a befitting office space, considerations for costs could make the private security guard business pragmatic, whereby the owner can set-up shop in his/her home or reach an agreement with some benefactor to share office space.
To make money proffering private security services is a competitive line of work, as individuals and corporate organizations will only accepts bids that come at reasonable cost and proffers quality in service. Therefore the start-up private security company must be able structured to deliver on these expectations, on a continuous basis.