If you have a passion for protecting people and also the desire to start your own business, creating your own private security company might be the perfect way to accomplish both of these dream careers at the same time. However, as with starting any business, this might not be as easy as you’d like to hope.
So to help you get everything ready for this new venture and figure out if this is really what you want to do, here are three things to consider before starting your own private security business.
What Kind Of Security Do You Want To Offer
There are many facets to the private security industry. Because of this, it often makes the most sense for a private security business to specialize in one type of security for their clients.
According to Intuit Quickbooks, some of the specific types of security that you might want to offer could include home security, auto security, event security, or personal security. Each of these types of security will be a little different and will require slightly different sets of skills. So if you have one area that you’re more experienced with, passionate about, or find to be more comfortable, that might be the area that you should choose to specialize in.
You’ll Need To Be Properly Licensed
Once you’re ready to start your private security business, you’ll need to make sure that everything you’re doing is legal and properly documented.
As part of this, Michael Flanagan, a contributor to Chron Small Business, shares that you’ll need to get the right licenses for you and your employees or staff members. Some of the licenses you will likely need to acquire, along with licenses to own and use a handgun or other equipment, include things like a security guard license, a private patrol operator license, and a qualified manager license. You may also need additional licenses for the business-side of your operation as well.
It’s Not All Excitement
While you might imagine your life and career as a private security business owner being a lot of excitement and action, that usually isn’t the case.
According to HowToStartAnLLC.com, most of the daily activities for the owner of a private security business include things like creating incident reports, crafting proposals, creating protocols for others to follow, and handling other administrative work. You’ll also likely have to do a lot of training for your staff members and educate yourself on whatever security details you have coming up in the future. So if these things interest you, this could be a great career option.
If you’ve been thinking about starting your own private security business, consider using the tips mentioned above to help you discover if this really would be a good fit for you.