Starting a Security Business - Essential tips

Can owning a security business be a secure job for you?

There is a wide market for security services, from providing security to individuals, schools, malls, and companies to securing weddings, events, festivals, and concerts.  You have the option of starting your own security business or becoming involved in a franchise. 

There are several skills you need in order to own a successful security business, including:

• Ability to walk a lot
• Physical strength
• Military, police, or security experience
• These are more personality traits, but you need to possess them in order to be a good security guard and business owner: patience, vigilance, ability to remain calm and observant

There are many benefits involved with owning a security business.

• There is a wide varieties of areas in which to focus
• Good income

There are drawbacks to consider also when you are thinking of starting a security business.  These include:

• Long hours
• Often have to work overnight, weekends, holidays
• High overhead

Which area you will focus your security business on will determine what kind of equipment you need.

• Safety equipment, such as pepper spray, baton, vests, handcuffs
• Uniforms
• Access to security camera equipment
• Vehicles – with professional appearance
• Cell phones or emergency radios if police need to be contacted
• Flashlights (if working at night)

Again, depending on what kind of security you are providing, you may need additional equipment, such as:

• Weapons
• Armored car (if you’re providing personal security or body guarding services)

Licensing requirements vary from state to state, so check on your state’s official website to see which licenses are required.  If you plan on having your security guards carry weapons, you will need firearms permits.  Here are some other permits you may need:

• Peace Officer Certificate
• Active Guard Card
• Baton Permit

If you need support, information, or to network with other security business owners, check out the following associations:

• National Association of Security Companies

             http://www.nasco.org/

• National Council of Investigation and Security Services

http://www.nciss.org/

Depending on your state’s requirements for security businesses, you may have to complete mandatory training for yourself and your guards.  Check here for some information on training:

• http://criminaljustice.state.ny.us/ops/sgtraining/sgpcourses.htm

You may also take classes in criminal justice at area colleges or universities. 

The initial startup requirements for a security business depend on which sector you are focusing on and if you are going to hire employees.  If you are, the investment capital required will be quite high.  You can minimize some of the expenses of starting if you become part of a franchise.  Keep in mind that you’ll have to pay an initial fee and ongoing royalty fees if you go that route.

Providing security is a useful and valuable service to the community.  It is a difficult business to establish, as are most businesses, but if you work hard, you can earn good income and expand.  There is no limit to the growth of your company or what kind of services your security business can provide. 

See Also: How to Start A Business : Business Idea of The Day

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