How to Open a Security Business

It would be a crime to enter the security business without following these steps.

Difficulty:

Moderate

Instructions

Things You'll Need

• Business Consultants
• Business Licenses
• Business Loans
• Commercial Real Estate Broker
• Business loans

1. Find a storefront or warehouse in which to locate your new business. A security business doesn't rely on foot or car traffic for business. People who need protection will find you.

2. Contact the city or county department that handles business licenses and request an application.

3. Inquire as to what other requirements there are for opening a business. You may be required to have insurance, or you may have to follow certain restrictions for the area.

4. Contact the Franchise Tax Board to get a wholesale permit, if required. This will allow you to purchase goods without paying tax if they are to be used in your business.

5. Research the security business. It is best to have worked in the industry so that you've learned the ins and outs before starting your own business.

6. Decide if you want to purchase a franchise or open an independent business.

7. Make a business plan. You'll need to have all of the aspects of opening and running the business worked out for the short and long term.

8. Get financing. Unless you have a lot of money lying around, you will need to borrow money to build.

9. Hire qualified employees. If your employees will carry guns, they will have to have special training and licensing. Check on the laws in your area.

10. Advertise your new business. Use direct mailing to attract customers.

11. Talk to owners of existing security companies and ask them what problems they've had and what they would do differently if they could. Ask if they want to sell their business. Buying an existing business is a lot easier, although it could be more expensive.

Tips & Warnings

• If an employee will be working as a security guard, you may have to provide insurance and a bond.

• Use local and recent crime statistics to bolster your customers' desire for your services.

• The security business can be dangerous.