How To Start A Security Company In 2021

 

How To Start A Security Company:

 

There are 3 types of security businesses:

 

1. Private security company: This type of security offers guard and patrolling services like bodyguards, parking lots, CCTV screening, guard dogs, and a lot more – to customers to avoid harm, damage, or illegal access to the property or an individual.

 

2.  Security consultant: This type of security offers advice and recommendations to individuals in identifying security threats, assisting them to make security plans and finances.

 

3. Cybersecurity agencies: This type of security offers items and services which protect individuals’ and facilities’ digital information and valuables from cyber threats!

 

In this guest post, we will discuss a private security company!

 

Certainly, the ability to provide every private security business will cost you, as you will have to find the proper licenses, training, and workers for each. When you begin, it is probably that you will have certain funds – so to begin with, selecting one area to focus on will serve you best!

 

For instance, you may decide you want your set-up to be the security guard company for:

 

1. Bodyguarding

2. Bouncers

3. Manned guarding

4. Mobile patrols

4. CCTV surveillance

5. Parking lot security

6. Event security

And a lot more!

 

If you need a more particular niche, you may choose to focus on offering services particularly to commercial and residential properties or individuals. You may also slight the client you aim to either public or private.

 

Selecting your security guard agency niche:

 

In the security business, experience is crucial, so when it comes to selecting your security business’s niche, it is vital to choose an area that you have some experience in. That way, you will know how the service should run, and you will know what is needed for your service to be expert, smooth, and flourishing.

 

You will also want to make sure that there is sufficient demand for that service in your area. As you can consider, placing a bodyguarding business in an area where no one needs a bodyguard – is not perfect!

 

Get licensed and insured: Having suitable insurance and licensing is important because:

 

1. It covers your business against a variety of pricey issues

2. It means that you are obeying legal needs and requirements

3. It assures your customers (most of them won’t employ a company that is not insured or licensed) that you are working dutifully.

 

As a security guard agency expert, you must consider getting:

 

~ Public insurance

~ PII – Professional indemnity insurance

~ Contractual liability cover

~ Staff liability insurance

 

To make this process simpler, try looking for insurance providers who provide custom-made packages particularly to the security guard company, offering all the policies you will want for your business in a single pack!

 

Get licensed by standards authorization:

 

You may also look to apply for the accreditations which will show customers that your company and your services meet the Canadian industry’s present quality standards!

 

How Much Does It Cost To Start A Security Company?

 

To start a security company, you will have to finance some initial cost layouts, covering legal costs, equipment, and more. These comprise of:

 

1. Insurance: Relying on your provider, insurance for your security guard company can cost thousands of dollars; it’s worth shopping around to find one that suits best Your needs and finances!

2. Licenses: The basic app cost for an SIA license is $250. In several cases, this will be for a 3-year license. Luckily, if you want more than one license, SIA gives a 50% concession on your second app cost.

3. Equipment: The equipment you and your security staff, will need to take with you on a duty will depend on the service you are offering. But, generally, you and your staff may find it helpful to have:

 

Ø  Equipment to communicate with other security guards and back-office workers such as walkie-talkies, microphones, mobile phones, or earpieces, etc.

Ø A book and pen to make note of any happenings that occur!

Ø A digital camera, in case there are no cameras on-site, you may find it helpful to have a record of events, although you will need to be cautious of privacy measures.

Ø A tool belt to keep this entire inside so that your hands are not occupied!

 

Uniforms: If you want your company to look professional, uniforms are a must-have. Luckily, they can be as simple as smart pair of shoes, a pair of jeans, and a plain shirt with your company’s logo.

 

You should also give gloves, waterproof jackets, and hats if your staff is likely to spend time outdoors in chilly temperatures. Depending on the niche of your business’ services you may also need to look into particular items like bullet-proof jackets, stab-proof vests, and leather gloves!

 

Salaries of staff: You will have to make sure that you pay your staff a market-competitive salary that imitates their experience and talent. At the slightest, you will have to pay minimum wage. According to a guide, the government careers service that a security guard can expect to earn $12,000 to $ 15,000 at the beginning of their career, succeeding to $ 20,000 with experience, and going around $25,000 at a highly trained or professional level.

 

The amount you pay to your security staff will depend on the service they are offering!

 

Launch a website: Before anything else, your business will need to launch its professional website, it is important to give customers a place to visit so they can read everything about you. Plus, the worth of popping up on Google search engines when anyone will search for local security guard businesses is patent.

 

Hire a security staff: When you begin your own security company, you may decide to carry out every agreement as a security expert yourself, although, as you develop, it is obvious that you will need to hire staff so that your business can take on numerous contracts and offer a comprehensive service.

 

Try these tips to find ideal applicants:

 

·        Contact a local security training facility and ask that they share your vacancy among students!

·        Post a detailed job description on your site, giving your contact information so the applicant can easily apply.

·        Post the vacancy to online job websites, like Indeed, LinkedIn, Glassdoor, etc.

·        Ask relatives, friends, and industry associates if they know anybody who would be a great fit for this role!

 

The qualities you will look for in an applicant will depend on the niche of the position you are looking to fill and the jobs they will be functioning on, but generally, a good security applicant will have:

 

·        The suitable SIA certifications and licenses

·        Best social skills and talents. They must be friendly and easy to talk to, but also have the confidence to make decisions quickly, stick to their equipment (guns) and exercise power over other individuals.

·        The proficiency to write precisely and clearly – security guards will frequently need to write complete reports following jobs.

·        Ability to use every particular equipment or technology.

 

Now you know the initial first steps to take to start a private security business, we hope that you feel inspired to get going, and confident that you can make a success of it.

 

Security is a busy, competitive industry, but by providing reliable, successful, and friendly service to your clients, you can stand out from the crowd. Good luck!

 

How To Start A Security Company: What’s Next?

 

By now, you are familiar with the initial steps to start your private security company; we hope that you feel motivated to get going and confident enough to achieve goals out of it.

 

Security is a tough and busy industry, but by offering a trustworthy, reliable, successful, and friendly service to your potential clients, you can stand out firmly from the rest! Best of Luck!

Location: Ontario, Canada

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