Considering starting a security company ? The process involves a few phases, from creating a business plan to considering regulations. You’re also going to need a few important supplies, from locking devices to digital cameras, so the process might seem complex.
Yet setting up a security company can be easier with the right tips and supply suggestions. What phases or steps do you need to complete when setting up this type of company, and which products are essential? Check this article, in which we will share all you need to know.
4 Steps for Starting a Security Company
You’ll need to consider your niche and then complete a few steps to start your security company. Here are the four steps you should consider to get started.
Develop an In-Depth Business Plan
A clear plan for your security company, business plans should be in-depth and wide-ranging. You need to consider your company’s purpose, which might be protecting local organizations in your area, or wider in its scope - to keep large retail corporations safe from security risks.
Then, make sure you include the vision for your company and the goals you’d like to achieve. For example, you might want to target a 95% success rate with your clients, which you can try to achieve once you’ve got your business off the ground.
Obtain Licenses
You’ll need licenses, such as general business and security business licenses, to run the business legally. A general business license is a basic license that verifies your company is a legal entity.
A security business license is a more specific license that allows you to offer security services. It is needed according to state or local government regulations, ensuring your company that offers private security services meets specific regulations, qualifications and standards.
Think About Costs and Register the Business
Funding will be needed to get the business started, so focus on the startup costs, office costs, salary expenses, rental agreements for office space, insurance coverage, and other crucial costs. With these expenses in mind, you can establish how much you need to obtain as funding for your company. At the same time, a business bank account will be needed to manage your expenses.
With the plan in place, you’ll need to put it into action by registering the business. Some business structures you might consider are corporations and LLCs. While a corporation is ideal for a large business that needs to be concerned with double taxation or raising capital through the sale of stocks, an LLC is ideal for a small business that requires simpler management.
Obtain your employer identification number from the state authorities to complete this step.
Get Insurance Coverage and Invest in Security Software
Since there are non-negotiable insurance requirements for your security company, make sure you have the following insurance types:
Workers’ Compensation - A non-negotiable insurance coverage if you have employees.
General Liability Insurance - An insurance coverage that covers injuries and accidents.
Professional Liability Insurance - Covers against negligence, errors, or inability to complete professional duties.
Finally, make sure you have the right supplies for your business and choose the right supplier to obtain these. It’s worth considering which supplies will align with your company’s goals, and you should also pick a supplier that offers discounts for bulk purchases.
5 Supplies Needed for a Security Company
We’ve covered five supplies you’ll need to run your security company successfully. Here are the important options for your business.
#1 Master Lock Combination Lock
Purchase the Master Lock Combination Lock in bulk and you can offer clients a security solution that features 1,500 combinations for their lockers, personal belongings, toolboxes, safes and more.
Since this combination lock also features a hardened steel shackle, it is highly resistant to cutting or tampering, giving you the peace of mind that the contents of the locker, toolbox, safe, or other container remain safe and protected.
#2 Innovera Combination Laptop Lock
If you are working with a technology company, you might choose to offer hardware security solutions. Purchase the Innovera Combination Laptop Lock , for instance, and your client can rest assured their laptop remains locked in place within an office environment.
This solution is easy to use and intuitive - you simply fit the ‘key’ into the security lock slot and loop the cord around an immovable object to keep it in one place.
#3 Electronic Security Safe
Buy the Sentry Safe Electronic Security Safe and you can offer your clients a secure solution that keeps its contents secure. Clients, such as hotel owners, financial institution employees, healthcare facilities, casino owners, and more will not worry about their belongings getting into the wrong hands.
This safe is made of a solid steel material. Its pry resistant door is immovable, so clients of your successful security business will not become victims of theft easily. It also features two live-locking bolts to keep everything even more secure.
#4 Master Lock Four-Pin Tumbler Lock
Purchase the Master Lock Four-Pin Tumbler Lock and you can provide your clients with a robust padlock that is durable and robust. If your clients are worried about opportunists accessing expensive equipment in a safe, a locker, a toolbox, or another container, offer them this four-pin lock to take their mind off this.
This tumbler lock is resistant to cutting, so clients will not need to worry about thieves tampering with the lock. Since it is also rust-proof, this lock will give clients the peace of mind that the shackle will function well in humid conditions.
#5 Security Surveillance Systems
Security surveillance systems in the security services industry can make a significant difference to the security of your clients’ premises. Solutions such as access controls, alarms, cameras, motion sensors, and more can boost the security of your client's place of work.
Choose access controls to keep the doors protected and cameras and motion sensors to ensure clients know if their premises have been breached.
Find the Supplies Needed to Successfully Launch Your Security Company
Being equipped with the right supplies for your private security business or security guard company can make your workload easier and help to put you on the path to success. You might be wondering where you can get all the security industry supplies listed in this article.
You’ll find everything you need for the private security industry at BuyDirect . We stock an extensive range of security company supplies, and when you shop with us as a Mission customer, you can gain plenty of perks, such as discounts and free shipping. Ready to get the right supplies? Browse and place your order with us for your own security company equipment at BuyDirect.
FAQs
Looking for more information about security companies, security service providers, private security company items and supplies? Check these frequently asked questions.
How Much Does Security Equipment Cost?
This will depend on the quality of the security equipment you’re considering, and the type of security supplies you want to install as a security firm. For instance, there’s a difference between home security kits and professional ones:
- Home Security Kits - They can cost $150 for a basic system.
- Professional Kits - They can exceed $2,000 because of their comprehensive features.
But there are other types of equipment that have different prices. For example, access control may cost between $800 and $1,200, while motion sensors can cost up to $600.
How Do You Get Potential Clients as a Security Guard Business?
A few tips can help with this, including identifying your target market and then seeking positive reviews you can cite from content customers. You can then:
- Try an outreach approach or networking to expand your client base.
- Partner with other companies to earn additional referrals.
- Ensure you’re offering the right products to your clients.
The products, such as industrial grade padlocks, professional kits, and more, need to be high-quality to give customers the peace of mind that their premises are safe and secure. This, in turn, boosts your reviews.
What Can a Combination Lock Be Used for?
It’s ideal for a range of things, such as keeping small or personal items safe and secure. For example, clients can use a combination lock to:
- Secure their luggage when traveling on a workation
- Keep their toolboxes secure if working in construction
- Ensure lockers or shared spaces are kept secure
They’re also ideal when code access is more convenient, especially in scenarios when several security keys can be less ideal or more time consuming.