How to Set Up a Security Company

Written by jezen thomas
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How to Set Up a Security Company
Sensitive data should be stored digitally and protected with encryption. (computer image by Orlando Florin Rosu from Fotolia.com)

If you have a background in law enforcement, security or the military, you already possess a substantial amount knowledge required to thrive in the security business. This industry is constantly expanding, and all manner of niches are ready to be filled. Infinitely scalable, a security company can be set up locally to protect small businesses and warehouses---and grow to become a multinational corporate behemoth.

Skill level:
Moderate

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Things you need

  • Business premises
  • Business license
  • Insurance
  • State tax stamp
  • Employer identification number
  • Computer
  • Website

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Instructions

  1. 1

    Determine your position in the marketplace. Work with existing security companies and/or contact large companies that contract security firms to protect their assets. In order to establish a successful company, you will need to have a healthy supply of clients. All areas have individual needs.

  2. 2

    Write a business plan that will serve as an operational guideline for the first few years of business. Your plan should be a budget at its core, with a financial overview of the revenue you expect to generate at any given time versus the ongoing expenses you will have to pay for things such as wages, premises rental, maintenance, uniforms, equipment and insurance.

  3. 3

    Contact a real estate agent that specialises in commercial rentals. You should find a secure premises from which to run your security company, as a home office will not suffice. If possible, find a building that you can solely occupy. This way, you can hire your own cleaning and maintenance technicians and narrow the window of security vulnerability. Protect all sensitive data by storing it digitally and encrypting it with security software.

  4. 4

    Consult with a competent lawyer who can guide you through the processes of securing appropriate business licenses, permits, insurance, employer identification number and state tax stamps. Since you and your staff may encounter dangerous circumstances, your insurance policy should be as comprehensive as you can afford.

  5. 5

    Interview other security professionals with whom you could potentially work. In the beginning, having a roster of contractable security personnel will enable you to handle larger assignments. These personnel can then be taken on full-time as the business expands. Clients would never knowingly accept criminals working for them in a security capacity, so ensure all prospective partners undergo stringent security and background checks.

  6. 6

    Enlist the help of a web designer to create a website for your security company that projects a professional image while detailing the company's background, strengths and services. If your budget permits, you could even consult with an advertising agency to push your company name. Choose clients wisely. Ideally, you should develop strong working relationships and keep clients loyal to optimise your company's reputation and solidly establish your brand in the market.

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