The security services industry is broad and diverse. Specialized services offered by security companies span from basic guard services to protection of valuables, patrols, private investigations, and cash in-transit services. The main aim of all these services is to safeguard people, properties, and proprietary assets. A security company business falls under the security services industry. A security company is defined as a company whose primary focus is the provision of guard and patrol services. This is a lucrative business idea which is very profitable. This article will outline how to start a security company business and the security company business plan (PDF, Word & Excel).
Location & Premises
Centrality In Area Covered And Proximity To Clients
The things to consider here for a security company business depends on the nature of your services. Typically you will be deploying guards to certain spots e.g. commercial, industrial, or residential properties. This can be during the day, overnight, or both. The heart of a security company business is a command centre or centre of operations. This means its location must be central to the area you make deployments in. The thrust is to also be generally as close as possible to your deployments or areas you cover. This is of critical importance especially when rapid responses are needed.
Spacious Enough, Secure Enough And Accessible Enough
Consider a security company with a substantial fleet of vehicles – which should be the goal anyways. You would need adequate space for parking and easy access. You also need to consider that a security company’s centre of operations tends to be segmented. There is need for office space, locker room(s), briefing room, and an armory – at the very least. Regardless, the footprint of a command centre need not necessarily be that big. A potential target by organized crime gangs can be your command centre. Thus it is important to ensure the place is secure. If possible, make your centre of operations as inconspicuous as possible. It should also be easy to access and exit in case of rapid response situations. The costs of purchasing or leasing the premises should be included in your security company business plan.
Vehicles And Equipment
Transportation vehicles are required e.g. bicycles, motorbikes, and light motor vehicles. In some cases vehicles might need to be armored. Vehicles are required for patrolling and transporting valuable goods. There is some basic equipment needed for a security company business but it all boils down to the scale and sophistication of your operations. Examples of basic security company equipment are wireless communication devices (e.g. walkie-talkies), uniforms (or apparel), firearms, and defence equipment. Surveillance equipment such as CCTV cameras, drones, binoculars, and the like may be needed. Ancillaries such as baton sticks, hand cuffs, flashlights, and stun guns (or tasers) are needed. Office equipment and supplies are necessary for administrative procedures. The security company business plan should include the costs of purchasing the vehicles and equipment.
Products & Services
The services you can offer as a security company business depend on the type of clients you intend to serve.
Guard & Patrol
This is the easiest and most common security company service to provide. The approaches to this are many and can be tailored to suit client needs. You have residential security where there can be guards stationed somewhere and doing periodic sweeps. The same can also be done for industrial and commercial properties. This can be done overnight mostly or even any time of the day depending on the circumstances. This service is best accompanied by CCTV surveillance monitoring. This can be done from the depot or there can be a command post onsite.
This is yet another common security company service. It takes on various forms but the core focus is security personnel controlling access to a property. For instance, guards can be stationed at entrances or inside places such as shopping outlets, banks, and government buildings. It is also common for areas or buildings with restricted access. Access control as a security company service can also be provided at important events. This service also morphs into crowd control where applicable.
This is also known as VIP protection. This entails providing security services for high profile people such as celebrities, politicians, and business moguls. It can also span to anyone who feels they need and can afford close protection. Close protection is a high stakes service but is highly profitable. The service can be provided as once-off or on a retainer basis.
Other Security Products And Services
Other security services that you can offer include Mobile Patrol, K9 security, Cash Handling and Armed Escort Services. The other security products that you can offer include Security Alarms, CCTV Systems, Access Control Systems, Gate Automation and Tracking Systems. Your security services business plan should outline all the products and services that you are going to offer.
Staff & Management
The model of personnel doubling up duties can be employed for a security company business. It is not always the case that everyone is in the field. This means a security guard can also perform administrative or secretarial duties. This goes a long way in keeping your human resources tight to minimize operating costs. You basically need the security guards and office or administrative staff to begin with. The salary costs of all your personell should be included in the security company business plan.
The security services industry is quite competitive. There are lots of players and new ones always coming in. That is why your security company must have solid differentiators. You need to score long term contracts with as many clients you can handle as possible. Heavy reliance on one or a few high-value clients is risky – what if they bail out? The truth is there is an inexhaustible market for security services. There are so many gaps in the market and niches that are still underserved. Do your homework into finding out about such dynamics that you can leverage on. There are people and valuable assets in every industry and walk of life. All those require varying levels of security throughout or at least for some time.
The security services industry is heavily regulated and rightfully so. When starting your security company make sure you are complaint with all licensing requirements. For a security company business they are several. It is also crucial that the security personnel you hire are thoroughly vetted. Diversification is a key driver of success in the security company business. You should aim to score high-paying clients or contracts. For example close protection, guard and patrol services for private properties bring in more than ordinary services. To get to that place you need to build a reputation of excellent and capable service.
Pre-Written Security Company Business Plan (PDF, Word And Excel): Comprehensive Version, Short Funding/Bank Loan Version and Automated Financial Statements
For an in-depth analysis of the security services business, we encourage you to purchase our well-researched and comprehensive security services business plan. We introduced the business plans after discovering that many were venturing into the security business without enough knowledge and understanding of how to run the business, lack of understanding of the financial side of the business, lack of understanding of : the industry, the risks involved , costs and profitability of the business; which often leads to disastrous losses.
The StartupBiz Global security business plan will make it easier for you to launch and run your security company business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. This is a complete business plan for a security company business. It will be easier to plan and budget as you will be aware of all the costs involved in setting up and running the security business.
Uses of the Security Services Business Plan (PDF, Word And Excel)
The security company business plan can be used for many purposes including:
- Raising capital from investors/friends/relatives
- Applying for a bank loan
- Start-up guide to launch your security company business
- As a security company business proposal
- Assessing profitability of the security company business
- Finding a business partner
- Assessing the initial start-up costs so that you know how much to save
- Manual for current business owners to help in business and strategy formulation
Contents of the Security Company Business Plan (PDF, Word And Excel)
The business plan for security company includes, but not limited to:
- Marketing Strategy
- Financial Statements (monthly cash flow projections, income statements, cash flow statements, balance sheets, break even analysis, payback period analysis, start-up costs, financial graphs, revenue and expenses, Bank Loan Amortization)
- Industry Analysis
- Market Analysis
- Risk Analysis
- SWOT & PEST Analysis
- Operational Requirements
- Operational Strategy
- Why some people in the security company business fail, so that you can avoid their mistakes
- Ways to raise capital to start your security company business
The security company business plan package consists of 4 files
- Security Company Business Plan – PDF file (Comprehensive Version – 72 Pages)
- Security Company Business Plan – Editable Word File (Comprehensive Version – 72 Pages)
- Security Company Business Plan Funding/Bank Loan Version- Editable Word File (Short version for applying for a loan/funding – 42 pages)
- Security Company Business Plan Automated Financial Statements – (Editable Excel File)
The business plan can be used in any country and can be easily edited. The financial statements are automated. This implies that you can change eg the costs, salaries etc, and all the other financial statements will automatically adjust to reflect the change.
Click below to download the Contents Page of the Security Company Business Plan (PDF)
Get the Security Company Business Plan (PDF, Word And Excel)
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