How To Start Your Own Security Guard Company


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How To Start Your Own Security Guard Company

  1. 1. How To Start Your Own Security Guard CompanyHaving your own security company can be very rewarding. Financially, there is great potential, and itfeels good to know that you are helping people feel safe and secure. Below are necessary steps thatmust be taken as well as certain considerations that you may want to ponder before taking the firststeps toward opening your own security guard company:TESTING AND LICENSE Most states require written testing. One can inquire about exact staterequirements by finding out which state run department oversees private security where you live. InCalifornia, for instance, it is the Bureau of Security and Investigative Services who are in charge of allthe rules, regulations, and requirements pertaining to private security. Most states will send you studymaterial, if you ask. The testing take a few hours and the costs vary. In California it costs close to$1500 dollars to get fully licensed. Before the license is issued you must, of course, pass the test.Also, you must send in mock of drawings of what your security guard patches will look like. Everysecurity company has their own patches which their officers must wear on their uniform.REGISTERING YOUR BUSINESS: Before you start your business, you must register it with theState. A tax I.D. And DBA should be completed before you even begin marketing your business.Fortunately, it is not expensive to register your new security company.LEARN YOUR MARKET: Before you market your new security company you should get familiar withyour current market. You should know, for instance, what a competitive rate is for security officerswhere you plan to work since that is what you are going to market.Security guards in Los Angeles have different rates, for example, than officers in San Diego. Also,Learn about your competition. Before you enter the field, figure out what you specifically can add tothe security guard industry that is different and will give you a leg up on the competition.WEBSITE AND MARKETING: If you already have contacts to market your new security guardcompany then you are ahead of the game. Many new security company owners do no realize that ittakes a great deal of time, thought, and money to development their business. Many markets areextremely competitive. Again, thinking about how you will market your security guard company beforeyou actually have one is wise. Numerous local and state agencies can help you conceptualize yournew business. There are security industry trade publications, various affiliations, and other relevantresources that you can find out about by researching online or visit your public Library. Your localchamber of commerce is also a good place to start.INSURANCE AND WORKERS COMPENSATION: To employ armed security guards most staresrequire that you carry liability insurance. The exact amount varies. Workers compensation for all youremployees is also generally required, but the good news is you can wait until you have your first clientbefore putting out this expense. But it make practical sense to price out what minimal policies will costyou ahead of time. Usually, its between two and three thousand dollars for most policies. The moreofficers you have, the more expensive it is, of course. Without an established track record in thesecurity guard industry, almost all insurance companies will charge higher rates, but, again, you donthave to put any money up until you have signed on a client.
  2. 2. OFFICE EXPENSES: Starting small is always best. Many new security companies work out of theirhome initially. Its important to get all your security guard company forms in order. There are about adozen security guard forms that you will need such as post logs, incident reports, and a companymanual. Forms can also be found on the internet or at your local library.GUARDS: You may want to start meeting security guards or running free ads to establish yourself inthe business. New Security guard companies must network and prepare their staff, even if they arenot hired yet. Knowing how to screen and recruit talented, reliable security staff is quite an art andtakes experience so you may as well get exposed to it as early as possible. Put yourself out there andmeet others in the community that may one day utilize your services. The more prepared you are, thebetter.NEtwork security