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Here is a free business plan sample for a private security company.

If the idea of starting your own private security company ignites your entrepreneurial spirit, but you're unsure of the first steps to take, you've landed in the perfect spot.

In the content that follows, we will present to you a comprehensive sample business plan tailored for a private security company.

As you might be aware, a meticulously formulated business plan is a cornerstone of success for any business owner, as it outlines your mission, objectives, and strategic approach to carving out your niche in the security industry.

To craft a robust plan with ease and precision, you can utilize our private security company business plan template. Additionally, our specialists are on hand to provide a free review and refinement of your plan.

How to draft a great business plan for your private security company?

A good business plan for a private security company must address the unique challenges and opportunities of the security industry.

To start, it's crucial to provide a comprehensive overview of the security market. This includes current statistics and the identification of emerging trends within the sector, as illustrated in our private security company business plan template .

Your business plan should articulate your vision clearly, define your target market (such as residential communities, commercial entities, event organizers), and establish your company's unique value proposition (specialized services, advanced technology, highly trained personnel, etc.).

Market analysis is a key component. This requires a thorough understanding of the competitive landscape, potential threats, client needs, and industry regulations.

For a private security company, it is imperative to detail the services you intend to provide. This could range from armed and unarmed guards to surveillance systems, risk assessments, and executive protection services. Explain how these services cater to the specific security concerns of your clientele.

The operational plan must be meticulously crafted. It should outline the company's operational headquarters, the structure of the security teams, equipment procurement, and the protocols for responding to security incidents.

Given the nature of the industry, a strong emphasis should be placed on the qualifications and training of your security personnel, adherence to legal and ethical standards, and the implementation of robust security measures.

Discuss your marketing and sales strategies. How do you plan to build trust with potential clients and maintain long-term relationships? Consider your approach to branding, client engagement, and service diversification.

Utilizing digital tools, such as a professional website and an active social media presence, is also vital for credibility and client outreach in the modern marketplace.

The financial plan is a cornerstone of your business plan. It should include your startup costs, projected revenue, ongoing expenses, and the point at which you expect to break even.

In the security business, managing cash flow is critical, as contracts may have long payment cycles. Therefore, a thorough understanding of your financials is essential. For assistance, refer to our financial forecast for a private security company .

Compared to other business plans, a private security company's plan must pay special attention to legal compliance, insurance requirements, and the continuous training and certification of security personnel.

A well-crafted business plan will not only help you clarify your operational and growth strategies but also serve as a tool to attract investors or secure loans.

Lenders and investors are looking for a comprehensive market analysis, realistic financial projections, and a clear plan for day-to-day operations and crisis management.

By presenting a detailed and substantiated business plan, you showcase your professionalism and dedication to the success of your security company.

To achieve these goals efficiently, you can start with our private security company business plan template .

A free example of business plan for a private security company

Here, we will provide a concise and illustrative example of a business plan for a specific project.

This example aims to provide an overview of the essential components of a business plan. It is important to note that this version is only a summary. As it stands, this business plan is not sufficiently developed to support a profitability strategy or convince a bank to provide financing.

To be effective, the business plan should be significantly more detailed, including up-to-date market data, more persuasive arguments, a thorough market study, a three-year action plan, as well as detailed financial tables such as a projected income statement, projected balance sheet, cash flow budget, and break-even analysis.

All these elements have been thoroughly included by our experts in the business plan template they have designed for a private security company .

Here, we will follow the same structure as in our business plan template.

Market Opportunity

Market data and figures.

The private security industry is a robust and essential sector with significant growth potential.

Recent estimates value the global private security services market at over 180 billion dollars, with expectations for continued expansion due to rising security concerns and the increasing complexity of threats.

In the United States, there are over 10,000 private security companies, contributing to an annual revenue of approximately 46 billion dollars for the industry.

These figures underscore the critical role private security companies play in safeguarding assets, infrastructure, and individuals, as well as their substantial contribution to the economy.

The private security sector is experiencing several key trends that are shaping its future.

Technological advancements are leading the way, with the integration of artificial intelligence, cybersecurity measures, and advanced surveillance systems becoming more prevalent.

There is also a growing emphasis on specialized training and higher standards for security personnel, reflecting the industry's response to more sophisticated threats.

Private security firms are increasingly offering comprehensive solutions that include risk assessment, security consulting, and emergency response planning.

The rise of smart cities and the Internet of Things (IoT) is creating new opportunities for security integration, while also presenting unique challenges in terms of data protection and privacy.

Moreover, the demand for private security services is expanding beyond traditional markets, with sectors such as healthcare, education, and retail seeking enhanced security measures.

These trends indicate a dynamic evolution of the private security industry, as it adapts to the evolving needs of a modern society.

Success Factors

The success of a private security company hinges on several critical factors.

Reputation for reliability and effectiveness is paramount. Clients trust security firms that consistently deliver high-quality services and demonstrate professionalism.

Investment in the latest technology and equipment can provide a competitive edge, enabling companies to offer advanced security solutions.

Strategic partnerships and networking are also vital, as they can lead to new business opportunities and collaborations.

Well-trained and certified personnel are the backbone of any security operation, emphasizing the importance of ongoing education and development programs.

Lastly, adaptability to changing security landscapes and regulatory environments ensures that a security company can meet the diverse needs of its clientele and maintain compliance with industry standards.

The Project

Project presentation.

Our private security company project is designed to address the increasing need for personal and property protection in a world where safety concerns are on the rise. Strategically located to serve high-demand urban areas, corporate centers, and residential communities, our company will offer a comprehensive range of security services, including on-site guards, mobile patrols, surveillance systems, and risk assessment consultations.

We will prioritize the integration of advanced security technology with highly trained personnel to ensure the safety and peace of mind of our clients.

Our private security firm is poised to set a new standard in protection services, aiming to be recognized as a trusted and reliable partner in safeguarding assets, properties, and individuals.

Value Proposition

The value proposition of our private security company lies in our commitment to providing top-tier, customized security solutions that cater to the unique needs of each client. We understand the importance of feeling safe and secure in one's environment, whether it be at work, home, or during leisure activities.

Our dedication to employing the latest security technologies, combined with our team of expertly trained security professionals, ensures a proactive approach to threat detection and response. We offer peace of mind, knowing that our clients' safety is in capable hands.

We are dedicated to fostering a sense of security within the community and are committed to being a leading force in the private security industry, enhancing the well-being and protection of our clients.

Project Owner

The project owner is a seasoned security specialist with a comprehensive background in both law enforcement and private security operations.

With a track record of successfully managing security teams and implementing effective security strategies, he brings a wealth of knowledge and expertise to the table. His dedication to the field is driven by a deep understanding of the evolving security landscape and a commitment to innovation in protective services.

With a strong vision for community safety and client satisfaction, he is determined to establish a private security company that stands out for its professionalism, reliability, and excellence in service.

His leadership and passion for security are the cornerstones of this project, aiming to deliver unparalleled protection services and contribute to the overall safety of the community.

The Market Study

Market segments.

The market segments for this private security company are categorized into distinct groups.

Firstly, there are corporate clients who require security services to protect their assets, employees, and operations. This includes businesses of all sizes, from small startups to large multinational corporations.

Secondly, residential communities such as gated neighborhoods and apartment complexes seek security services to ensure the safety of their residents and property.

Additionally, the market encompasses event organizers who need security for crowd control, VIP protection, and general safety during events ranging from concerts to corporate conferences.

Lastly, high-net-worth individuals who require personal protection services form a niche but significant segment of the market.

SWOT Analysis

A SWOT analysis of this private security company project highlights several factors.

Strengths include a team of experienced security professionals, state-of-the-art security technology, and a strong reputation for reliability and effectiveness.

Weaknesses may involve the high costs of maintaining cutting-edge security equipment and the challenge of recruiting and retaining highly skilled personnel.

Opportunities can be found in the growing demand for private security services due to rising security concerns, as well as the potential to expand into new markets and services such as cybersecurity.

Threats could consist of intense competition from established security firms, regulatory changes, and the potential for economic downturns affecting clients' security budgets.

Competitor Analysis

Competitor analysis in the private security sector indicates a highly competitive environment.

Direct competitors include other private security firms offering similar services, ranging from multinational companies to local agencies.

These competitors vie for contracts by demonstrating their expertise, reliability, and cost-effectiveness.

Potential competitive advantages for our company include specialized services, superior client relations, advanced technology implementation, and a robust training program for security personnel.

Understanding the strengths and weaknesses of competitors is crucial for carving out a unique position in the market and for client acquisition and retention.

Competitive Advantages

Our private security company's competitive edge is rooted in our unwavering commitment to client safety and satisfaction.

We offer a comprehensive suite of security services, including armed and unarmed guards, surveillance systems, and risk assessment, all tailored to meet the specific needs of our clients.

Our proactive approach to security management, which includes continuous training for our staff and investment in the latest security technologies, sets us apart from the competition.

We also emphasize strong communication with our clients, ensuring transparency and trust in our security measures and protocols.

You can also read our articles about: - the customer segments of a private security company - the competition study for a private security company

The Strategy

Development plan.

Our three-year development plan for the private security company is designed to establish a strong market presence.

In the first year, we will concentrate on building a solid client base by providing exceptional security services and establishing trust within the local community.

The second year will focus on expanding our services to include advanced security technology solutions and training programs, as well as extending our reach to neighboring regions.

In the third year, we aim to solidify partnerships with governmental and corporate entities and diversify our service offerings to include cybersecurity measures.

Throughout this period, we will prioritize the continuous training of our personnel, adherence to the highest security standards, and the implementation of cutting-edge security technology to ensure the safety and satisfaction of our clients.

Business Model Canvas

The Business Model Canvas for our private security company targets residential, commercial, and corporate clients in need of reliable security solutions.

Our value proposition is centered on providing a comprehensive range of security services, including manned guarding, surveillance systems, and risk assessment, all tailored to the specific needs of our clients.

We deliver our services through on-site security personnel, remote monitoring, and security system installations, utilizing our key resources such as a trained security workforce and advanced security technology.

Key activities include security audits, continuous personnel training, and client relationship management.

Our revenue streams are generated from contractual security service agreements, while our costs are mainly associated with personnel, technology investments, and operational expenses.

Find a complete and editable real Business Model Canvas in our business plan template .

Marketing Strategy

Our marketing strategy is built on reputation and reliability.

We aim to establish our brand as a symbol of safety and professionalism. Our approach includes targeted marketing campaigns, community engagement initiatives, and showcasing our expertise through security workshops and seminars.

We will also develop strategic alliances with local businesses and law enforcement agencies to enhance our service credibility.

Additionally, we will leverage social media and professional networking platforms to reach a wider audience and demonstrate our commitment to security and client peace of mind.

Risk Policy

The risk policy of our private security company is to proactively manage risks associated with security breaches, personnel safety, and client confidentiality.

We implement rigorous training programs and adhere to strict operational protocols to mitigate security risks. Our personnel are vetted thoroughly and receive ongoing training in the latest security procedures.

We conduct regular security audits to ensure the effectiveness of our services. Furthermore, we maintain a robust financial strategy to manage costs and ensure business sustainability.

We are fully insured to protect against liabilities that may arise from our security operations. Our priority is to provide top-tier security services while safeguarding the interests of our clients and employees.

Why Our Project is Viable

We are committed to establishing a private security company that addresses the growing demand for personal and property safety.

With our focus on quality service, client-centric solutions, and technological innovation, we are poised to become leaders in the security industry.

We are enthusiastic about contributing to the safety and security of our clients while building a reputable and profitable business.

We remain adaptable to the evolving security landscape and look forward to a future where our company is synonymous with trust and protection.

You can also read our articles about: - the Business Model Canvas of a private security company - the marketing strategy for a private security company

The Financial Plan

Of course, the text presented below is far from sufficient to serve as a solid and credible financial analysis for a bank or potential investor. They expect specific numbers, financial statements, and charts demonstrating the profitability of your project.

All these elements are available in our business plan template for a private security company and our financial plan for a private security company .

Initial expenses for our private security company include the cost of obtaining necessary licenses and permits, purchasing security equipment such as surveillance cameras and alarm systems, investing in reliable transportation vehicles, uniforms, and other gear for security personnel, as well as expenses related to brand creation and launching targeted marketing campaigns to establish a presence in the market.

Our revenue assumptions are based on a thorough market analysis of the demand for private security services, taking into account the increasing need for personal and property protection in our target area.

We anticipate a steady growth in client contracts, starting with a conservative client base and expanding as our reputation for reliability and professionalism strengthens.

The projected income statement reflects expected revenues from our security services, operational costs (equipment maintenance, personnel wages, fuel), and administrative expenses (office rent, marketing, insurance, etc.).

This results in a forecasted net profit that is essential for assessing the long-term viability of our security business.

The projected balance sheet displays assets specific to our operations, such as security equipment, vehicles, and liabilities including loans and anticipated operational costs.

It provides a snapshot of the financial standing of our private security company at the end of each fiscal period.

Our projected cash flow statement details the inflows and outflows of cash, enabling us to predict our financial requirements. This is crucial for maintaining solvency and ensuring that we can meet our operational needs without interruption.

The projected financing plan outlines the sources of funding we intend to tap into to cover our initial outlays.

The working capital requirement for our private security company will be diligently managed to ensure we have sufficient funds to support our day-to-day activities, such as payroll, equipment purchases, and vehicle maintenance.

The break-even analysis for our venture will show the volume of service contracts needed to offset all our costs, including the initial investments, and begin generating profits.

It will signal the point at which our company becomes financially sustainable.

Key performance indicators we will monitor include the profit margin on our security services, the current ratio to evaluate our ability to meet short-term liabilities, and the return on equity to gauge the profitability of the shareholders' investment in our firm.

These metrics will assist us in gauging the financial health and success of our private security company.

If you want to know more about the financial analysis of this type of activity, please read our article about the financial plan for a private security company .

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Security Company Business Plan Template

Written by Dave Lavinsky

Security Company Business Plan

You’ve come to the right place to create your Security Company business plan.

We have helped over 5,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Security Companies.

Below is a template to help you create each section of your Security Company business plan.

Executive Summary

Business overview.

KB Security is a new security company located in San Antonio, Texas. KB Security provides security professionals to local establishments that need protection for their business or assets. We train our professionals for numerous situations so they are prepared for any security job. This includes anything from theft prevention to handling crisis situations. Whatever our clients’ concerns are, they can rest assured that they have hired the best security professionals in the San Antonio area.

KB Security is founded by Keith Baldwin, who has been a security professional for ten years. He has worked both as a professional security guard and as a certified trainer. In addition to his experience, he also holds an MBA. Keith’s combination of experience and education have given him the knowledge and skills to run a successful security company.

Product Offering

KB Security provides security professionals that can help businesses with all their security and surveillance needs. These can include but are not limited to:

• Protecting individuals
• Guarding property
• Preventing theft
• Helping with crisis situations

Businesses can sign up with one of our flexible contract programs when hiring our security services. We also offer a discounted trial period for those who are considering a long-term contract and want to test out our services before signing.

Customer Focus

KB Security will target local businesses, government organizations, and individuals located in San Antonio who need to hire security professionals. We expect most of our clients to be retail establishments who need help with theft prevention and guarding property and assets.

Management Team

KB Security is founded by Keith Baldwin, who has been a security professional for ten years. He has worked both as a professional security guard and as a certified trainer and received an MBA from the University of Texas. Keith’s education and experience has given him all the essential skills to run his dream security company. However, he will also hire other administrative staff to help him with the essential day-to-day functions.

Success Factors

KB Security will be able to achieve success by offering the following competitive advantages:

• Expert Security Professionals: KB Security only hires the best security professionals that have extensive training in security protocols.
• Location: KB Security is in a prime location, giving us quick and easy access to prime commercial districts. This is ideal especially when hired to handle crisis situations or alarm response.
• Affordable Pricing: The services offered by KB Security are similar in quality to its most premium-positioned competitors but are offered at a more affordable price.
• Management: Our management team has years of security and business experience that allows us to market to and serve customers in a much more sophisticated manner than our competitors.

Financial Highlights

KB Security is seeking a total funding of $300,000 of debt capital to open its office. The funding will be dedicated towards securing the office space and the office build-out. Funding will also be dedicated towards three months of overhead costs to include payroll of the staff, rent, and working capital. The breakout of the funding is below:

• Office design/build: $100,000
• Three months of overhead expenses (payroll, rent, utilities): $100,000
• Marketing & advertising: $50,000
• Working capital: $50,000

The following graph below outlines the pro forma financial projections for KB Security.

Company Overview

Who is kb security.

  KB Security is founded by Keith Baldwin, who has been a security professional for ten years. He has worked both as a professional security guard and as a certified trainer. In addition to his experience, he also holds an MBA. Keith’s combination of experience and education have given him the knowledge and skills to run a successful security company.

KB Security’s History

After surveying the local customer base, and finding a potential office location, Keith Baldwin incorporated KB Security as an S-Corporation on May 1st, 2023.

Currently, the business is being run out of Keith’s home office, but once the lease on KB Security’s location is finalized, all operations will be run from there.

Since incorporation, KB Security has achieved the following milestones:

• Found a commercial space and signed a Letter of Intent to lease it
• Developed the company’s name, logo, social media accounts, and website
• Began networking with some of the area’s largest companies to understand their security needs
• Began recruiting key employees

KB Security’s Services

Businesses can sign up with one of our flexible contract programs when hiring our security services. We also offer a discounted trial period for those who are considering a long-term contract and want to test out our services before signing.  

Industry Analysis

With increasing illegal events, terrorism, and fraudulent activities happening all around the world, the demand for professional security is greater than ever. Every establishment needs some form of security, whether it be in the form of security professionals or in the form of cybersecurity. As the world continues to navigate its violent challenges, security professionals will be needed to protect important assets and respond to crisis situations.

The security industry has transformed substantially to meet this demand. In addition to hiring security professionals, many businesses also invest in security tech such as cameras, motion sensors, and software. Security companies that offer a mix of security personnel and technology can provide their clients extensive and tight-knit security options that puts their clients’ minds at ease.

According to research, the security industry is expected to grow at a compound annual growth rate of 8% over the next 10 years. This is substantial growth, which shows just how essential the industry will be in the coming decade. Businesses like KB Security will continue to be in high demand and very profitable.

Customer Analysis

Demographic profile of target market.

The demographics for San Antonio, Texas are as follows:

Customer Segmentation

We will primarily target the following customer segments:

• Individuals
• Local businesses
• Government organizations

Competitive Analysis

Direct and indirect competitors.

KB Security will face competition from other companies with similar business profiles. A description of each competitor company is below.

Sky High Security

Sky High Security is a security company that was established in 2002. It provides a large team of security professionals specifically trained to protect high-value assets, such as museum collections and expensive jewelry. Their services include providing in-person officers as well as high-tech surveillance equipment.

Prime Security

Founded in 2003, Prime Security is the best security company in town for those looking for guard and patrol services. Prime Security aims to protect establishments and offer patrols to deter any unwanted visitors. The company has been highly successful and is the largest security company in the region.

First Responders Security

First Responders Security is the most popular security company for those who have more complex security concerns. They offer a wide range of services, including alarm response, theft prevention, and patrolling. Instead of hiring several companies to do several jobs, companies can depend on First Responders Security to manage all of their security concerns.

Competitive Advantage

KB Security will be able to offer the following advantages over their competition:

Marketing Plan

Brand & value proposition.

KB Security will offer the unique value proposition to its clientele:

• Professional security services
• Flexible contracts and a trial period
• Great security services at moderate rates
• Excellent customer service

Promotions Strategy

The promotions strategy for KB Security is as follows:

KB Security understands that the best promotion comes from satisfied customers. The company will encourage its clients to refer other businesses by providing economic or financial incentives for every new client produced. This strategy will increase in effectiveness after the business has already been established.

Social Media

KB Security will invest heavily in a social media advertising campaign. The brand manager will create the company’s social media accounts and invest in ads on all social media platforms. It will use targeted marketing to appeal to the target demographics.

Website/SEO

KB Security will invest heavily in developing a professional website that displays all of the features and benefits of KB Security. It will also invest heavily in SEO so that the brand’s website will appear at the top of search engine results.

Direct Mail

KB Security will blanket businesses with direct mail pieces. These pieces will provide general information on KB Security, offer discounts, and/or provide other incentives for companies to use our services.

KB Security’s pricing will be on par with competitors so clients feel they receive great value when hiring our security services.

Operations Plan

The following will be the operations plan for KB Security.

Operation Functions:

• KB Security will be owned and operated by Keith Baldwin. Keith will oversee the general operations of the company.
• Keith is joined by Jeffrey Liebowitz, who will oversee all financial and accounting aspects of the business, such as accounts payable and receivable, payroll, budgeting, forecasting, and cash flow analysis. Jeffrey will also manage all tax obligations and licensing for KB Security.
• Keith is also joined by Felicia Monroe, who will oversee all marketing and communications for the business. She will handle all in-client calls, appointments, networking, and follow-up. She will manage all advertising aspects with flyers, emails, social media, and the SEO process.
• Keith will hire an Administrative Assistant to help him with general administrative and operations tasks.
• Keith will also hire an extensive staff of security professionals that will help his clients with their security needs. He will also provide these professionals with training as necessary.

Milestones:

KB Security will have the following milestones completed in the next six months.

• 8/1/202X – Finalize contract to lease office space.
• 9/1/202X – Begin build-out and design of staffing agency office.
• 10/1/202X – Begin social media and website advertising campaign.
• 11/1/202X – Attend large industry networking events.
• 12/1/202X – Hire key employees.
• 1/1/202X – Grand opening of KB Security.

Financial Plan

Key revenue & costs.

KB Security’s revenues will come primarily from charging clients for its security services. Depending on the contract in place, KB Security may charge an hourly fee per professional working for the client or a flat fee per month.

The office lease, equipment, supplies, and labor expenses will be the key cost drivers of KB Security. Ongoing marketing expenditures are also notable cost drivers for KB Security, especially in the first few years as the company establishes itself in the market.

Funding Requirements and Use of Funds

Key assumptions.

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and pay off the startup business loan.

• Year 5: 110
• Office Lease per Year: $100,000

Financial Projections

Income statement.

Balance Sheet

Cash Flow Statement

Security Company Business Plan FAQs

What is a security company business plan.

A security company business plan is a plan to start and/or grow your security company business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can easily complete your Security Company business plan using our Security Company Business Plan Template here .

What are the Main Types of Security Company Businesses?

There are a number of different kinds of security company businesses , some examples include: Crisis management, Security guards, Surveillance company, and Security patrol.

How Do You Get Funding for Your Security Company Business Plan?

Security Companies are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start a Security Company Business?

Starting a security company business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A Security Company Business Plan - The first step in starting a business is to create a detailed security company business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your security company business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your security company business is in compliance with local laws.

3. Register Your Security Company Business - Once you have chosen a legal structure, the next step is to register your security company business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.

4. Identify Financing Options - It’s likely that you’ll need some capital to start your security company business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms.

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations.

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events.

7. Acquire Necessary Security Company Equipment & Supplies - In order to start your security company business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation.

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your security company business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising.

Learn more about how to start a successful security company :

• How to Start a Security Company

How To Write a Business Plan For a Security Company + Template

Creating a business plan is essential for any business, but it can be especially helpful for security companies who want to improve their strategy and/or raise funding.

A well-crafted business plan not only outlines the vision for your company, but also documents a step-by-step roadmap of how you are going to accomplish it. In order to create an effective business plan, you must first understand the components that are essential to its success.

This article provides an overview of the key elements that every security company  owner should include in their business plan.

Download the Ultimate Business Plan Template

What is a Security Company Business Plan?

A security company business plan is a formal written document that describes your company’s business strategy and its feasibility. It documents the reasons you will be successful, your areas of competitive advantage, and it includes information about your team members. Your business plan is a key document that will convince investors and lenders (if needed) that you are positioned to become a successful venture.

Why Write a Security Company Business Plan?

A security company business plan is required for banks and investors. The document is a clear and concise guide of your business idea and the steps you will take to make it profitable.

Entrepreneurs can also use this as a roadmap when starting their new company or venture, especially if they are inexperienced in starting a business.

Writing an Effective Security Company Business Plan

The following are the key components of a successful security company business plan:

Executive Summary

The executive summary of a security company business plan is a one to two page overview of your entire business plan. It should summarize the main points, which will be presented in full in the rest of your business plan.

• Start with a one-line description of your security company .
• Provide a short summary of the key points in each section of your business plan, which includes information about your company’s management team, industry analysis, competitive analysis, and financial forecast among others.

Company Description

This section should include a brief history of your company. Include a short description of how your company started, and provide a timeline of milestones your company has achieved.

If you are just starting your security company , you may not have a long company history. Instead, you can include information about your professional experience in this industry and how and why you conceived your new venture. If you have worked for a similar company before or have been involved in an entrepreneurial venture before starting your security company , mention this.

Industry Analysis

The industry or market analysis is an important component of a security company business plan. Conduct thorough market research to determine industry trends and document the size of your market. 

Questions to answer include:

• What part of the security company industry are you targeting?
• How big is the market?
• What trends are happening in the industry right now (and if applicable, how do these trends support the success of your company)?

You should also include sources for the information you provide, such as published research reports and expert opinions.

Customer Analysis

This section should include a list of your target audience(s) with demographic and psychographic profiles (e.g., age, gender, income level, profession, job titles, interests). You will need to provide a profile of each customer segment separately, including their needs and wants.

For example, customers of a security company may include:

• Small businesses
• Large businesses
• The military or other government organizations

You should also include information about your target customer’s buying habits. What are their purchasing decisions based on? How often do they purchase your type of product or service?

You can include information about how your customers make the decision to buy from you as well as what keeps them buying from you.

Develop a strategy for targeting those customers who are most likely to buy from you, as well as those who might be influenced to buy your security company services with the right marketing.

Competitive Analysis

The competitive analysis helps you determine how your product or service will be different from competitors, and what your unique selling proposition (USP) might be that will set you apart in this industry.

For each competitor, list their strengths and weaknesses. Next, determine your areas of competitive differentiation and/or advantage; that is, in what ways are you different from and ideally better than your competitors.

Marketing Plan

This part of the business plan is where you determine and document your marketing plan. . Your plan should be clearly laid out, including the following 4 Ps.

• Product/Service : Detail your product/service offerings here. Document their features and benefits.
• Price : Document your pricing strategy here. In addition to stating the prices for your products/services, mention how your pricing compares to your competition.
• Place : Where will your customers find you? What channels of distribution (e.g., partnerships) will you use to reach them if applicable?
• Promotion : How will you reach your target customers? For example, you may use social media, write blog posts, create an email marketing campaign, use pay-per-click advertising, launch a direct mail campaign. Or you may promote your security company via PR, by doing speaking engagements or other events, or by getting involved with industry associations.

Operations Plan

This part of your security company business plan should include the following information:

• How will you deliver your product/service to customers? For example, will you do it in person or over the phone only?
• What infrastructure, equipment, and resources are needed to operate successfully? How can you meet those requirements within budget constraints?

The operations plan is where you also need to include your company’s business policies. You will want to establish policies related to everything from customer service to pricing, to the overall brand image you are trying to present.

Finally, and most importantly, in your Operations Plan, you will lay out the milestones your company hopes to achieve within the next five years. Create a chart that shows the key milestone(s) you hope to achieve each quarter for the next four quarters, and then each year for the following four years. Examples of milestones for a security company include reaching $X in sales. Other examples include adding new services, hiring new employees, opening new locations, and so on.

Management Team

List your team members here including their names and titles, as well as their expertise and experience relevant to your specific security company industry. Include brief biography sketches for each team member.

Particularly if you are seeking funding, the goal of this section is to convince investors and lenders that your team has the expertise and experience to execute on your plan. If you are missing key team members, document the roles and responsibilities you plan to hire for in the future.

Financial Plan

Here you will include a summary of your complete and detailed financial plan (your full financial projections go in the Appendix). 

This includes the following three financial statements:

Income Statement

Your income statement should include:

• Revenue : how much revenue you generate.
• Cost of Goods Sold : These are your direct costs associated with generating revenue. This includes labor costs, as well as the cost of any equipment and supplies used to deliver the product/service offering.
• Net Income (or loss) : Once expenses and revenue are totaled and deducted from each other, this is the net income or loss

Sample Income Statement for a Startup Security Company

Balance Sheet

Include a balance sheet that shows your assets, liabilities, and equity. Your balance sheet should include:

• Assets : All of the things you own (including cash).
• Liabilities : What you owe against your company’s assets, such as accounts payable or loans.
• Equity : The worth of your business after all liabilities and assets are totaled and deducted from each other.

Sample Balance Sheet for a Startup Security Company

Cash Flow Statement

Include a cash flow statement showing how much cash comes in, how much cash goes out and a net cash flow for each year. The cash flow statement should include:

• Cash Flow From Operations
• Cash Flow From Investments
• Cash Flow From Financing

Below is a sample of a projected cash flow statement for a startup security company .

Sample Cash Flow Statement for a Startup Security Company

You will also want to include an appendix section which will include:

• Your complete financial projections.
• A complete list of your company’s business policies and procedures related to the rest of the business plan (marketing, operations, etc.).
• Any other documentation which supports what you included in the body of your business plan.

Writing a good business plan gives you the advantage of being fully prepared to launch and/or grow your security company. It not only outlines your business vision but also provides a step-by-step process of how you are going to accomplish it. A business plan is also a necessity when seeking funding from investors or lenders.  

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Security Company Business Plan Template

Written by Dave Lavinsky

Security Company Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their security companies.

If you’re unfamiliar with creating a security company business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a security company business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is a Security Company Business Plan?

A business plan provides a snapshot of your security company as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a Security Company

If you’re looking to start a security company or grow your existing security company, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your security company to improve your chances of success. Your security company business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Security Companies

With regards to funding, the main sources of funding for a security company are personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for security companies.

Finish Your Business Plan Today!

How to write a business plan for a security company.

If you want to start a security company or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your security company business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of security company you are running and the status. For example, are you a startup, do you have a security company that you would like to grow, or are you operating a chain of security companies?

Next, provide an overview of each of the subsequent sections of your plan.

• Give a brief overview of the security company industry.
• Discuss the type of security company you are operating.
• Detail your direct competitors. Give an overview of your target customers.
• Provide a snapshot of your marketing strategy. Identify the key members of your team.
• Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of security company you are operating.

For example, you might specialize in one of the following types of security companies::

• Crisis management: This type of security business depoys security officers trained in crisis situations such as natural disasters, terrorist attacks, or other emergencies.
• Security guards: This type of security business provides security guards to government or private clients to provide protection against theft or harm to personal or public property.
• Surveillance company: This type of security business provides surveillance equipment and monitoring services that can include security alarms, cameras, and on-call security officers.
• Security patrol: This type of security company deploys security officers who drive around the designated area, patrolling from car, motorcycle, or other vehicle.

In addition to explaining the type of security company you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of customers served, the number of security cameras sold, or reaching $X amount in revenue, etc.
• Your legal business Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the security company industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the security company industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your security guard business plan:

• How big is the security company industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential target market for your security company? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your security company business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: individuals, schools, families, and corporations.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of security company you operate. Clearly, individuals would respond to different marketing promotions than corporations, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other security companies..

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes other types of security service providers, in-house security personnel, and do-it-yourself security equipment. You need to mention such competition as well.

For each such competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

• What types of customers do they serve?
• What type of security company are they?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you make it easier for clients to acquire your services?
• Will you offer products or services that your competition doesn’t?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a security guard business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of security company that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide on-call security guard services, crisis management, or surveillance equipment?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the products and/or services you offer and their prices.

Place : Place refers to the site of your security company. Document where your company is situated and mention how the site will impact your success. For example, is your security company located in a busy retail district, a business district, a standalone office, or purely online? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your security company marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

• Advertise in local papers, radio stations and/or magazines
• Reach out to websites
• Distribute flyers
• Engage in email marketing
• Advertise on social media platforms
• Improve the SEO (search engine optimization) on your website for targeted keywords

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your security company, including answering calls, scheduling security personnel, billing clients and collecting payments, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to acquire your Xth client, or when you hope to reach $X in revenue. It could also be when you expect to expand your security company to a new city.  

Management Team

To demonstrate your security company’s potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing security businesses. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing a security company.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you employ a staff of 10 security officers, and will you charge an hourly fee of $150 for each security officer deployed ? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your security company, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a security company:

• Cost of equipment and office supplies
• Payroll or salaries paid to staff
• Business insurance
• Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, and equipment

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your office location lease or a list of your security guards and their credentials.  

Writing a business plan for your security company is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the security company industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful security company.  

Security Company Business Plan FAQs

What is the easiest way to complete my security company business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your security company business plan.

How Do You Start a Security Company?

Starting a security company business is easy with these 14 steps:

• Choose the Name for Your Security Company
• Create Your Security Company Business Plan
• Choose the Legal Structure for Your Security Company
• Secure Startup Funding for Security Company (If Needed)
• Secure a Location for Your Business
• Register Your Security Company with the IRS
• Open a Business Bank Account
• Get a Business Credit Card
• Get the Required Business Licenses and Permits
• Get Business Insurance for Your Security Company
• Buy or Lease the Right Security Company Equipment
• Develop Your Security Company Marketing Materials
• Purchase and Setup the Software Needed to Run Your Security Company
• Open for Business

Learn more about   how to start your own security company .

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• Step-by-step guide to creating a professional business plan
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This Business Plan Sample is Suitable for:

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Your Benefits:

• Free of cost: Download the business plan template for free!
• Time-saving: Save time and open your business faster!
• Correct data: Avoid unnecessary mistakes!

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• Sample Business Plans

Security Agency Business Plan

If you are planning to start a new security agency business, the first thing you will need is a business plan. Use our sample security company business plan created using upmetrics business plan software to start writing your business plan in no time.

Before you start writing your business plan for your new security company, spend as much time as you can reading through some examples of services-related business plans .

Reading sample business plans will give you a good idea of what you’re aiming for and also it will show you the different sections that different entrepreneurs include and the language they use to write about themselves and their business plans.

We have created this sample Security Company Business Plan for you to get a good idea about how perfect a security agency business plan should look and what details you will need to include in your stunning business plan.

Security Agency Business Plan Outline

This is the standard security agency business plan outline which will cover all important sections that you should include in your business plan.

• Business Overview
• Vision & Mission Statement
• Business Objectives
• Corporate Philosophy
• Business Model
• Our Core Values
• 3 Year profit forecast
• Company Resources
• Demography Analysis Of Los Angels, California
• Risks And Risk Mitigation Process
• Company Ownership
• Legal Status
• Our services
• Industry Overview
• System Insights
• End-Use Insights
• Service Insights
• Regional Insights
• Industry Keynote: The Business Side: Policies, Costs, And Compliance
• The Threat Of New Entry
• Competitive Rivalry
• Buyer Power
• Supplier Power
• Threat Of Substitution
• Opportunities
• Our Competitive Advantages
• Marketing Plan
• Marketing & Communication Execution Recommendations
• Marketing Objectives
• Growth Strategy
• Expansion Strategy
• Contingency Plan
• Future Goals
• Average Salary of Employees
• Important Assumptions
• Brake-even Analysis
• Profit Yearly
• Gross Margin Yearly
• Projected Cash Flow
• Projected Balance Sheet
• Business Ratios

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After getting started with Upmetrics , you can copy this sample business plan into your business plan and modify the required information and download your security agency business plan pdf and doc file. It’s the fastest and easiest way to start writing your business plan.

Download a sample security agency business plan

Need help writing your business plan from scratch? Here you go;  download our free security agency business plan pdf  to start.

It’s a modern business plan template specifically designed for your security agency business. Use the example business plan as a guide for writing your own.

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Security Business Plan Template [Updated 2024]

Security Company Business Plan Template

If you want to start a security business or expand your current security company, you need a business plan.

Fortunately, you’re in the right place. Our team has helped develop over 100,000 business plans over the past 20 years, including thousands of security company business plans.

The following security business plan template and example gives you the key elements you must include in your plan. In our experience speaking with lenders and investors, the template is organized in the precise format they want.

You can download our Ultimate Business Plan Template (including a full, customizable financial model) to your computer here.  

Sample Business Plan For Security Businesses

I. executive summary, business overview.

[Company Name] is a new security company located in [Location]. [Company Name] provides security professionals to local establishments that need protection for their business or assets. We train our professionals for numerous situations so they are prepared for any security job. This includes anything from theft prevention to handling crisis situations. Whatever our clients’ concerns are, they can rest assured that they have hired the best security professionals in the [Location] area.

Services Offered

[Company Name] provides security professionals that can help businesses with all their security and surveillance needs. These can include but are not limited to:

• Protecting individuals
• Guarding property
• Theft prevention
• Help with crisis situations

Businesses can sign up with one of our flexible contract programs when hiring our security services. We also offer a discounted trial period for those who are considering a long-term contract and want to test out our services before signing.

Customer Focus

[Company Name] will primarily serve the businesses and residents of [Location]. The demographics of this area are as follows:

• 428,146 residents
• 25,000 businesses
• Average income of $64,000
• 24% married
• Median age of 38 years

Management Team

[Company Name] is founded by [Founder’s Name], who has been a security professional for [X] years. He has worked both as a professional security guard and as a certified trainer and received an MBA from [University]. [Founder’s Name]’s education and experience has given him all the essential skills to run his dream security company. He will also hire other administrative staff to help him with the essential day-to-day functions.

Success Factors

[Company Name] is uniquely qualified to succeed due to the following reasons:

• Our location is in a high-volume area with easy access from multiple commercial district areas.
• The management team has a track record of success in security services.
• Offering security services is a proven business and has succeeded in different communities throughout the United States.

Financial Highlights

[Company Name] is seeking a total funding of $300,000 of debt capital to open its office. Specifically, these funds will be used as follows:

• Office design/build: $100,000
• Working capital: $200,000 to pay for marketing, salaries, and lease costs until [Company Name] reaches break-even

Top line projections over the next five years are as follows:

II. Company Overview

You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

Who is [Company Name]?

[company name]’s history.

After surveying the local customer base, and finding a potential office location, [Founder’s Name] incorporated [Company Name] as an S-Corporation on [date of incorporation].

Currently, the business is being run out of [Founder’s Name]’s home office, but once the lease on [Company Name]’s location is finalized, all operations will be run from there.

Since incorporation, [Company Name] has achieved the following milestones:

• Found a commercial space and signed a Letter of Intent to lease it
• Developed the company’s name, logo, social media accounts, and website located at [website]
• Began recruiting key employees

[Company Name]’s Products/Services

Iii. industry analysis.

You can download our Business Plan Template (including a full, customizable financial model) to your computer here. With increasing illegal events, terrorism, and fraudulent activities happening all around the world, the demand for professional security is greater than ever. Every establishment needs some form of security, whether it be in the form of security professionals or in the form of cybersecurity. As the world continues to navigate its violent challenges, security professionals will be needed to protect important assets and respond to crisis situations.

According to Grand View Research, the security industry is expected to grow at a compound annual growth rate of 8% from now until 2030. This is substantial growth, which shows just how essential the industry will be in the coming decade. Businesses like [Company Name] will continue to be in high demand and very profitable.

IV. Customer Analysis

Demographic profile of target market.

[Company Name] will primarily serve the businesses and residents of [Location] and surrounding areas. The demographics of this area are as follows:

Customer Segmentation

We will primarily target the following customer segments:

• Private Individuals : Some individuals may find themselves in danger or at risk of being robbed. We will offer personal protection to keep these individuals safe.
• Local Businesses : Our largest customer segment will be local businesses. They have a variety of security needs, from needing protection to preventing theft. We can help them with any security concerns they may have.
• Government Organizations : We will also collaborate with local government organizations to assist them with their unique security needs.

V. Competitive Analysis

Direct & indirect competitors.

The following establishments are within a 10-mile radius of [Company Name] and therefore are direct or indirect competition.

Sky High Security Sky High Security is a security company that was established in 2002. It provides a large team of security professionals specifically trained to protect high-value assets, such as museum collections and expensive jewelry. Their services include providing in-person officers as well as high-tech surveillance equipment.

Prime Security Founded in 2003, Prime Security is the best security company in town for those looking for guard and patrol services. Prime Security aims to protect establishments and offer patrols to deter any unwanted visitors. The company has been highly successful and is the largest security company in the region.

First Responders Security First Responders Security is the most popular security company for those who have more complex security concerns. They offer a wide range of services, including alarm response, theft prevention, and patrolling. Instead of hiring several companies to do several jobs, companies can depend on First Responders Security to manage all of their security concerns.

Competitive Advantage

[Company Name] has several advantages over its competitors. The following are some of its major advantages:

• Expert Security Professionals : [Company Name] only hires the best personal security professionals that have extensive training.
• Location : [Company Name]’s location is in a prime location, giving us quick and easy access to prime commercial districts. This is ideal especially when hired to handle crisis situations or alarm response.
• Affordable Pricing : The services offered by [Company Name] are similar in quality to its most premium-positioned competitor and [Company Name] can offer them at a lesser price.
• Management : Our management team has years of security and business experience that allows us to market to and serve customers in a much more sophisticated manner than our competitors.

VI. Marketing Plan

The [company name] brand.

The [Company Name] brand will focus on the company’s unique value proposition:

• Professional security services
• Flexible contracts and a trial period
• Excellent customer service

Promotions Strategy

[Company Name] expects its initial target market to be businesses within a 10-mile radius of its location. [Company Name]’s promotion strategy to reach these individuals includes:

Targeted Cold Calls [Company Name] will initially invest significant time and energy into contacting potential clients via telephone. In order to improve the effectiveness of this phase of the marketing strategy, a highly-focused call list will be used, targeting startups and small businesses. As this is a very time-consuming process, it will primarily be used during the startup phase to build an initial client base.

Referrals [Company Name] understands that the best promotion comes from satisfied customers. The company will encourage its clients to refer other businesses by providing economic or financial incentives for every new client produced. This strategy will increase in effectiveness after the business has already been established.

Social Media [Company Name] will invest heavily in a social media advertising campaign. The brand manager will create the company’s social media accounts and invest in ads on all social media platforms. It will use targeted marketing to appeal to the target demographics.

Publications The company will place print advertisements in key local publications, including newspapers, area magazines, and business newsletters. Additionally, [Company Name] will print brochures and place them in specific locations frequented by target individuals, such as small business development centers.

Website/SEO [Company Name] will invest heavily in developing a professional website that displays all of the features and benefits of [Company Name]. It will also invest heavily in SEO so that the brand’s website will appear at the top of search engine results.

Direct Mail [Company Name] will blanket businesses with direct mail pieces. These pieces will provide general information on [Company Name], offer discounts, and/or provide other incentives for companies to use our services.

Pricing Strategy

[Company Name]’s pricing will be on par with competitors so clients feel they receive great value when hiring our security services.

VII. Operations Plan

Functional roles.

In order to execute [Company Name]’s business model, the company needs to perform many functions including the following:

Administrative Functions

• Bookkeeping
• General administrative functions
• Hiring and training staff

Service Functions

• Offer professional security services
• Draft contracts and invoices
• Train security staff

VIII. Management Team

Management team members, hiring plan.

[Founder] will serve as the CEO of [Company Name]. In order to launch, he needs to hire the following personnel:

• Administrative staff (1 to start)
• Security personnel (10 to start)
• Marketing manager (1 to start)

IX. Financial Plan

Revenue and cost drivers.

[Company Name]’s revenues will come primarily from charging for its security services. Depending on the contract in place, [Company Name] may charge an hourly fee per professional working for the client or a flat fee per month.

The office lease, equipment, supplies, and labor expenses will be the key cost drivers of [Company Name]. Ongoing marketing expenditures are also notable cost drivers for [Company Name], especially in the first few years as the company establishes itself in the market.

Capital Requirements and Use of Funds

Key assumptions.

  5 Year Annual Income Statement

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Home » Sample Business Plans » Security

A Sample Security Guard Business Plan Template

Are you about starting a security guard company? If YES, here is a complete sample security guard business plan template & feasibility report you can use for FREE . There is hardly any corporate building, business facility or highbrow residential estate that doesn’t have security guards. This goes to show that the security industry is an integral part of our world especially in periods such as this when crime and terrorism has reached an all – time high.

A security guard company is any company that provides both armed and unarmed security related services to both private and public clients at an agreed fee. According to the united states of Bureau of Labor Statistics, a private security company engages in services like providing security guards (bodyguard, guard dog, parking security and security guard services) and patrol services et al.

A Sample Security Guard Company Business Plan Template

1. industry overview.

The private security industry that security guard business falls under is indeed a fast – growing industry, at present there are about 2 million full – time security workers in the United States of America and this number is expected to grow by an estimate of 21 percent by 2022.

The global private security services industry was worth approximately 96 billion U.S. dollars in 2013 and statistics has it that the largest share of this market was held by Europe at almost 30 percent, then followed by Asia (with the exception of Japan) and North America.

The income of the private security services industry was set to reach an estimate of about 25 billion U.S. dollars in the United States in 2014. Security alarm services alone in the United States of America generated a whooping sum of 17 billion U.S. dollars per year between 2008 and 2014.

Statistics shows that in 2013, the money generated by the global security technology and related services market rose to just over 67 billion U.S. dollars and it was projected to reach an estimate of about 86 billion by the year 2016. Statistics also has it that the global spending on ICT related security services was set to reach approximately 50 billion U.S. dollars in 2015.

The private security industry is indeed a large industry which is why some of the leading private security companies worldwide such as UK-based G4S, Sweden-based Securitas AB and U.S.-based ADT Corporation – in 2013 could boast of generating 12.08 billion, 10.12 billion and 3.31 billion U.S. dollars respectively in just a calendar year.

In the United States of America, the fastest growing private security company in 2013 was Innovative Surveillance Solutions with a three – year combined revenue growth of about 5,605 percent.

The private security industry is one industry that is growing despite the fact that the government of various countries are not relenting when it comes to providing security for her citizens. One thing is certain, the private security industry is an evolving one and new technology and approaches are being employed when it comes to delivering standard and safer security services.

The industry can’t be said to be oversaturated simply because there are different areas (niches) a private security company can specialize in and if you are good with what you do, then you won’t struggle much to attract clients.

The factors that encourage entrepreneurs to venture into the private security industry is the ability to get good returns on their investment with minimal risks. For example, when you secure a contract to provide security guards for an event or an organization, the norm is that you will be financially mobilized before executing the contract.

People also get encouraged start their own private security companies because on the average it is cost effective to manage the business. It is the practice for private security outfits to recruit and train security guards, body guards and security dogs et al only when they have a security contract to execute which is why they don’t usually maintain a large workforce.

2. Executive Summary

Triple Protect® Security Guard, Inc. is an international security guard company that will be based in Beverly Hills – California. We have been able to secure all the required security clearance to run a security guard company in the United States.

We are aware that to run a standard security guard outfit can be demanding which is why we are well trained and equipped to perform excellently well. Triple Protect® Security Guard, Inc. is a client-focused and result driven security guard company that provides broad-based security services at an affordable fee that won’t in any way put a hole in the pocket of our clients.

We will offer standard and professional security services such as the prevention of unauthorized activity or entry in a specified perimeter, traffic regulation, access control, fire and theft prevention and detection, security advisory and consultancy services, roving patrol, bodyguard, and guard dog services et al to all our clients at local, state, national, and international level.

We will ensure that we work hard to meet and surpass our clients’ expectations whenever they contract their security concerns to our organization.

At Triple Protect® Security Guard, Inc., our client’s best interest would always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hire professionals who are well experienced in a wide variety of private security services.

Triple Protect® Security Guard, Inc. will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

Our plan is to position Triple Protect® Security Guard, Inc. to become one of the leading brands in the private security services industry in the whole of California, and also to be amongst the top 10 security guards company in the United States of America within the first 10 years of operation.

This might look too tall a dream but we are optimistic that this will surely come to pass because we have done our research and feasibility studies and we are enthusiastic and confident that Beverly Hills – California is the right place to launch our security guard business before spreading to other parts of the United States.

Triple Protect® Security Guard, Inc. is private – partnership business that is owned by Nicholas Johnson and his friend and business partner Leonardo Michael. The organization will be managed by both of them. Mr. Nicholas Johnson and Leonardo Michael graduated from the University of California – Berkley (First Degree), and University of Harvard (MBA).

Nicholas Johnson is a Certified Security Project Manager (CSPM), Cisco Certified Security Professional (CCSP), Certified Security Compliance Specialist (CSCS), and Certified Information System Security Professional (CISSP), while Leonardo Michael is certified Industrial Security Professional (ISP®) and Global Industrial Cyber Security Professional (GICSP).

They have combined to help build Triple Protect® Security Guard, Inc. to favorably compete with leading players in the private security industry in the United States of America and on the global stage.

3. Our Products and Services

Triple Protect® Security Guard, Inc. is going to offer varieties of services within the scope of the private security services industry in the United States of America. Our intention of starting our security guard company is to make profits from the industry and we will do all that is permitted by the law in the US to achieve our aim and ambition.

Our business offerings are listed below;

• Supply of bodyguard and guard dogs
• Prevention of unauthorized activity or entry in a specified perimeter
• Traffic regulation services
• Access control services
• Fire and theft prevention and detection services
• Security advisory and consultancy services
• Roving patrol services

4. Our Mission and Vision Statement

• Our vision is to build a security guard company brand that will become the number one choice for both individual and corporate clients in the whole of Beverly Hills – California.
• Our mission is to provide professional and trusted private security services that will assist individuals, businesses and non-profit organizations.
• We will position the business to become the leading brand in the private security services industry in the whole of California, and also to be amongst the top 10 security guard companies in the United States of America within the first 10 years of operations.

Our Business Structure

Triple Protect® Security Guard, Inc. is a standard security guard company that intends to start small in Beverly Hills – California, but looks to grow big in order to compete with leading security guard companies both in the United States and on a global stage.

We are aware of the importance of building a solid business structure that can support the kind of world class business we want to own, this is why we are committed to only hiring the best hands within our area of operations. At Triple Protect® Security Guard, Inc., we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all our stake holders.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

• Chief Executive Officer

Chief Security Officer/Manager

Security Consultant

Admin and HR Manager

Marketing and Sales Executive

• Customer Services Executive
• Security Guards

5. Job Roles and Responsibilities

Chief Executive Office:

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• In charge of fixing prices and signing business deals
• Responsible for providing direction for the business
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization
• Reports to the board
• Manages the overall activities of security staff members and equipment
• Achieves maximum profitability and over-all success by controlling costs and quality of service
• Schedule employees as necessary to ensure adequate and consistent levels of security service
• Responsible for security control policies and completion of necessary forms
• Co-ordinates the general execution of security services as requested by clients
• Summit security reports on a regular basis to the management of the organization and give professional advice as at when due
• Responsible for interviewing and hiring security guards, vendors, selecting and ordering materials, negotiating rates, coordinating the sequence of events as it relates to security services
• Plans, designs and produces security solutions (software and hardware et al) while managing all project delivery elements within time limits
• Liaises with clients to identify their security needs and to ensure customer satisfaction
• Conduct market research, gather information and negotiate contracts prior to closing any deals
• Provides security feedback and periodic reports to stakeholders
• Ensures compliance with insurance, legal, health and safety obligations
• Specifies staff requirements and coordinate their activities
• Cooperates with marketing and PR to promote and publicize safety concerns
• Proactively handle any arising issues and troubleshoot any emerging problems on the event day
• Conducts pre- and post – security evaluations and report on outcomes
• Offers security advisory and consultancy services to clients
• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Designs job descriptions with KPI to drive performance management for clients
• Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
• Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
• Defines job positions for recruitment and managing interviewing process
• Carries out induction of new team members
• Responsible for training, evaluation and assessment of employees
• Responsible for arranging travel, meetings and appointments
• Oversees the smooth running of the daily office activities
• Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
• Responsible for handling business research, marker surveys and feasibility studies for clients
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develops, executes and evaluates new plans for expanding sales
• Documents all customer contact and information
• Represents the company in strategic meetings
• Helps to increase sales and growth for the company
• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting for one or more properties.
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for the company
• Serves as internal auditor for the company

Client Service Executive

• Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries.
• Ensures that all contacts with clients provide the client with a personalized customer service experience of the highest level
• Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the manager in an effective and timely manner
• Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries

Security Guards:

• Responsible for prevention of unauthorized activity or entry in a specified perimeter
• Handles traffic regulation services
• In charge of access control services
• Responsible for fire and theft prevention and detection services
• Part of the roving patrol services team
• Offers bodyguard services

6. SWOT Analysis

Due to our drive for excellence, we were able to engage some of the finest business consultants in Beverly Hills – California to look through our business concept and together we were able to critically examine the prospect of the business and access ourselves to be sure that we have what it takes to run a standard security guard company.

In view of that, we were able to take stock of our strengths, weakness, opportunities and also the threats that we are likely going to be exposed to in Beverly Hills – California. Here is a of what we got from the critically conducted SWOT Analysis Triple Protect® Security Guard, Inc.;

Aside from the fact that our security guard company is of world – class standard and the business is well positioned and well-equipped to meet the 21 st century demand of both high profile corporate and individual clients, we have a team that can go all the way to give our clients value for their money; a team that are trained and equipped to pay attention to details as regard security concerns. We are well positioned and we know we will attract loads of clients from the first day we open our doors for business.

As a new private security outfit, it might take some time for our organization to break into the market and gain acceptance from corporate clients in the already saturated private security services industry; that is perhaps our major weakness.

• Opportunities:

The opportunities in the private security services industry is massive considering the number of corporate and individual clients who can’t afford to leave the security of the properties and lives to government security agencies. As a standard security guard company, we are ready to take advantage of any opportunity that comes our way.

Some of the threats that we may likely face as a security guard company operating in the United States are unfavorable government policies , the arrival of a competitor within our location of operation and global economic downturn which usually affects purchasing cum spending power. There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good.

7. MARKET ANALYSIS

• Market Trends

The security industry is one of the industries that are highly regulated so as to prevent costly security breaches. So, if you are looking towards starting a security guard company, then you should acquire international security certifications; it will give you an edge over your competitors. The truth is that the more relevant security certifications that you and your team have, the easier it is for you to convince people to patronize your services.

Although if you are able to build a successful security company, you can pitch your business in any part of the world and still make success especially if you run a security consultancy and advisory business. But if you are just starting out; especially if you are a newbie in the security industry, it is important that you locate your business in an area with healthy business activities.

Social media has now become one of the most important tools security guard companies leverage on to disseminate information about their security concerns, solicit feedback, and create year-round engagement with their target audience. Furthermore, new software apps and emerging technology have made it easier for security guard companies to gather all the needed data and information that will help them plan and project for the future.

8. Our Target Market

Even though Triple Protect® Security Guard, Inc. will initially serve small to medium sized businesses, from new ventures to well established businesses and individual clients, but that does not in any way stop us from growing to compete with the leading security guard companies in the United States.

As a well – equipped security guard company, Triple Protect® Security Guard, Inc. offers a wide range of security guard services hence we are well trained and equipped to service a wide range of clientele. Our target market cuts across people of different classes and people from all walks of life.

We are coming into the industry with a business concept that will enable us work with highly placed people and companies in the country and at the same with lowly placed people and smaller businesses. Below is a list of the people and organizations that we have specifically design our services for;

• Blue Chips Companies
• Corporate Organizations
• Religious Organizations
• Political Parties/Politicians
• Estates and Communities
• Celebrities
• Schools (High Schools, Colleges and Universities)
• Sport Organizations
• Entrepreneurs and Start – Ups

Our Competitive Advantage

Surviving in the business world as a security guard company requires more than your expertise, but also how to network with key people that matters.

There are loads of big time investors such as Halliburton et al that have stakes in the private security industry, but one thing is certain, there is room big enough to accommodate both the large and small security guard companies.

What smaller security guard companies need to do to survive in the industry is to concentrate on providing security services to households, event planners, estates, communities, schools, hospitals and hotels et al before bidding for big security contracts from corporations.

Triple Protect® Security Guard, Inc. might be a new entrant into the private security services industry in the United States of America, but the management staff and owners of the business are considered gurus. They are highly qualified private security experts in the United States.

Lastly, our employees will be well taken care of, and their welfare package will be amongst the best within our category in the industry, meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Triple Protect® Security Guard, Inc. is established with the aim of maximizing profits in the private security services industry and we are going to go all the way to ensure that we do all it takes to attract clients on a regular basis. Triple Protect® Security Guard, Inc. will generate income by offering the following security guard services for individuals and for corporate organizations;

• Bodyguard, and guard dog services

10. Sales Forecast

One thing is certain, there would always be corporate and individual clients who can’t afford to leave the security of their properties and lives to government security agencies.

We are well positioned to take on the available market in Beverly Hills – California and we are quite optimistic that we will meet our set target of generating enough profits from the first six months of operation and grow the business and our clientele base beyond Beverly Hills to other cities in California and other states in the U.S.

We have been able to critically examine the security guard services market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in Beverly Hills – California.

Below are the sales projection for Triple Protect® Security Guard, Inc., it is based on the location of our business and the wide range of security guard services that we will be offering;

• First Fiscal Year: $350,000
• Second Fiscal Year: $750,000
• Third Fiscal Year: $1.25 Million

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown within the period stated above, and there won’t be any major competitor offering same services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

We are mindful of the fact that there is stiff competition amongst security guard companies in the United States of America; hence we have been able to hire some of the best business developers to handle our sales and marketing concerns.

Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. We will also ensure that our excellent job deliveries speak for us in the market place; we want to build a standard security guard services business that will leverage on word of mouth advertisement from satisfied clients.

Our goal is to grow our security guard services company to become one of the top 10 security guard services companies in the United States of America which is why we have mapped out a strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in Beverly Hills – California but also in other cities in the United States of America.

Triple Protect® Security Guard, Inc. is set to make use of the following marketing and sales strategies to attract clients;

• Introduce our business by sending introductory letters alongside our brochure to corporate organizations, religious organizations, schools, households and key stake holders in and around Beverly Hills – California
• Promptness in bidding for private security services contracts from the government and other cooperate organizations
• Advertise our business in relevant magazines, newspapers, TV and radio stations
• List our business on yellow pages ads (local directories)
• Attend relevant international and local expos, seminars, and business fairs et al
• Create different packages for different category of clients in order to work with their budgets and still deliver quality private security services to them
• Leverage on the internet to promote our business
• Engage in direct marketing approach
• Encourage word of mouth marketing from loyal and satisfied clients

11. Publicity and Advertising Strategy

We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us penetrate our target market. We are set to take the private security services industry by storm which is why we have made provisions for effective publicity and advertisement of our security guard company.

Below are the platforms we intend to leverage on to promote and advertise Triple Protect® Security Guard, Inc.;

• Place adverts on both print (community based newspapers and magazines) and electronic media platforms
• Sponsor relevant community based events/programs
• Leverage on the internet and social media platforms like Instagram, Facebook, twitter, YouTube, Google + et al to promote our brand
• Install our billboards in strategic locations all around Beverly Hills – California
• Distribute our fliers and handbills in target areas
• Ensure that all our workers wear our branded shirts and all our vehicles are well branded with our company’s logo et al.

12. Our Pricing Strategy

Just like in services and consulting businesses, hourly billing for private security services is also a long – time tradition in the industry. However, for some types of contracts or clients, flat fees make more sense because they allow clients to better predict the overall service charges.

As a result of this, Triple Protect® Security Guard, Inc. will charge our clients both flat fee and hourly billing as long as it favors both parties. At Triple Protect® Security Guard, Inc. we will keep our fees below the average market rate for all of our clients.

In addition, we will also offer special discounted rates to startups, nonprofits, cooperatives, and small social enterprises. We are aware that there are some clients that would need regular security guard services or related security consulting services, we will offer flat rate for such services that will be tailored to take care of such clients’ needs.

• Payment Options

The payment policy adopted by Triple Protect® Security Guard, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Triple Protect® Security Guard, Inc. will make available to her clients;

• Payment via bank transfer
• Payment with cash
• Payment via POS
• Payment via online bank transfer
• Payment via check
• Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for services rendered without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.

13. Startup Expenditure (Budget)

When it comes to starting any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

The resources and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a security guard services company; it might differ in other countries due to the value of their money.

These are the key areas where we will spend our startup capital;

• The total fee for incorporating the business in the United States of America – $750
• The budget for basic insurance policy covers, permits and business license – $2,500
• The amount needed to acquire a suitable office facility (Re – Construction of the facility inclusive) – $150,000
• The Cost for equipping the office (computers, software applications, printers, fax machines, furniture, telephones, filing cabins, security and safety gadgets and electronics et al) – $5,000
• The Cost of Launching an official Website – $600
• The cost for the purchase of 21 st century security gadgets, software and guard dogs et al – $100,000
• Budget for paying employees for 2 months plus utility bills – $100,000
• Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,500
• Miscellaneous: $5,000

Going by the report from the market research and feasibility studies conducted, we will need about four hundred and fifty thousand ( 450,000 ) U.S. dollars to successfully set up a medium scale but standard private security company in the United States of America.

Generating Startup Capital for Triple Protect® Security Guard, Inc.

Triple Protect® Security Guard, Inc. is a private partnership business that will be owned by Nicholas Johnson and his friend Leonardo Michael. They are the sole financiers of the firm, but may likely welcome partners later which is why they decided to restrict the sourcing of startup capital for the business to just three major sources.

These are the areas we intend generating our startup capital;

• Generate part of the startup capital from personal savings
• Source for soft loans from family members and friends
• Apply for loan from the Bank

N.B: We have been able to generate about $150,000 ( Personal savings $100,000 and soft loan from family members $50,000 ) and we are at the final stages of obtaining a loan facility of $300,000 from our bank. All the papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The survival and profitability of a business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and the business structure. One of our major goals of starting Triple Protect® Security Guard, Inc. is to build a business that will survive off its own cash flow without injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our security guard services a little bit lower than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Triple Protect® Security Guard, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re training of our workforce is at the top burner.

We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

• Business Name Availability Check: Completed
• Business Incorporation: Completed
• Opening of Corporate Bank Accounts various banks in the United States: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of all forms of Insurance for the Business: Completed
• Securing a standard office facility and reconstruction inclusive: In Progress
• Conducting Feasibility Studies: Completed
• Generating part of the startup capital from the founder: Completed
• Applications for Loan from our Bankers: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents: In Progress
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Promotional Materials: Completed
• Recruitment of employees: In Progress
• Purchase of the needed security gadgets, patrol vans, security software application, guard dogs, uniforms, furniture, office equipment, electronic appliances and facility facelift: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business (Business PR): In Progress
• Health and Safety and Fire Safety Arrangement: In Progress
• Establishing business relationship with vendors and key players in the industry: In Progress

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Private Security Company Business Plan Template

Published Mar.20, 2017

Updated Apr.23, 2024

By: Jakub Babkins

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Table of Content

Do you want to start a Private Security business plan?

Security is one of the biggest concerns in the world right now. It has always been important to keep not only valuable items but also information secure and out of the wrong hands. Therefore, there is a significant need for investment in the business plan related to private security firms. 

Developing a business plan for a security company involves much more than coming up with a cool slogan. Much like a window cleaning business plan , you will need to learn how to write a business plan for a security company. 

Here, we are presenting the business plan for Diamond Phase, a private security firm. You can use this business plan to develop a plan for your own business. So, whatever the scale of your business, this template can act as a great help to design a successful business model.

Executive Summary

2.1 about the business .

Diamond Phase will be a security firm started by Jacque Hail. The firm will provide help with business planning process for security systems in different residential and commercial sectors. The company will offer a wide range of services, from securing full-fledged security systems for whole buildings to offering small-scale security services for a particular office or space. 

2.2 Management of Private Security Firm

Business plans for security companies need to be very thorough as they provide a very important service. The business needs to be well-managed to ensure proper functioning after the launch. This can be achieved through a security company business plan template like the one given here. 

You can also refer to professional business plan services to get an operational plan developed. If you possess some experience and you want to develop your plan on your own, you may take guidance from this security guard company business plan. 

2.3 Customers of Private Security Firm

The customers of Diamond Phase will belong to different scales of operations. As such, our customers for a basic business plan security are as follows:

• Residential Community
• Small/ Large Businesses
• Jewelry Stores
• Highly Sensitive Areas

2.4 Business Target

The target of Diamond Phase is to establish itself as a major player in the private security business in Portland. We want to be known as the most efficient security solution in Portland within two years of the launch. 

Furthermore, the financial targets we want to achieve within five years of operation are as follows:

Company Summary

3.1 company owner.

The owner of the company will be Jacque Hail. Jacque worked as a security manager in a top security firm for two years. Before this, he attained his education in computer forensics and networks. He realized that he could utilize his experience and education to start a new security firm of its kind. And thus, Diamond Phase was ideated. 

3.2 History of Diamond Phase

While working as a security manager, Jacque saw that a lot of his clients required not only physical security measures but also computer network safety. Considering the rapid increase in the penetration of technology in every sector of the market, Jacque decided to present a business model that improved upon existing physical and computer security businesses. 

3.3 How the Private Security company will be started

Step1: Ideate the Business

The first part of any security business plan sample is the description of the company that you are trying to start. Nothing happens without an idea. Therefore, Jacques decided to build on his dream and create a concrete idea for his business plan of a security company.  

Step2: Research and Analysis

The next step to starting a business is to look into your market. This will help you filter out your major competitors and entry points in the market which can help you get ahead in the competition. As part of this security company business plan pdf, Jacque did comprehensive research about the security industry to identify his competitors. 

Step3: Register the Business  

Once Jacque knew that his business idea was viable, he looked into as many security company business plan examples as he could to learn the process of registration. He not only registered the company name to the state but also registered the space for a main office in the Portland commercial center.

Step4: Go Online

One of the best ways to advertise a business is through online ads and social media. Therefore, Jacque decided to hire a sales team with a social media sub-team to help with advertisement and the online existence of the company. 

Step5: Know Your Finances

Another important part of any business plan, even a plumbing company business plan, is the financial planning of its operations. To manage this, Diamond Phase will have a financial plan developed by a business consultancy firm.

Services 

The services of a business are its basis and the reason it exists. Before you start writing business plan for a security service company, you need to be very clear about the types of services you will be offering. This will not only help you to properly write a business plan for a private security company but also guide you throughout the operational years of your business. 

To write a private security business plan for his company, Jacques decided to lean back on his market research. It is because he knew that each sample business plan for security services decides its services according to market needs. From this research, he decided upon a list of services to include in this template to learn how to start a security company pdf. 

The general services for a private security firm are listed below. Some of these are identical to those mentioned in the locksmith business plan .

• Security Guards

The biggest service offered by Diamond Phase will be to provide teams of security guards for the maintenance of a manual security system in a commercial or residential area. The number and requirements of these guards will be agreed upon by the company and its clients. The guards will be hired and trained by the company and will work on a contract basis for our customers. 

• Automated Setups

Many places don’t require huge teams dedicated to security. For instance, security concerns in residential areas and homes can be handled by automated systems with just one physical team on site. To promote the efficient use of resources, Diamond Phase will provide state-of-the-art automated security systems to its customers. 

Not only will the company provide trained security personnel, but it will also provide training for the guards hired by our customers. The customers can hire us to provide regular sessions for proper training of their staff in electronic as well as manual security niche. 

• Network Security

As part of its hybrid business model, Diamond Phase will offer not only physical and automated security but also network security and maintenance personnel if needed by its data-sensitive clients.

Marketing Analysis of Private Security Company

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A security guard business proposal needs to contain everything from the preliminary idea of the business to the basic viability guarantees of the business. To establish a security business star up , you will need a comprehensive security systems business plan that contains all the details to make the business viable for existence. 

For his business plan for a security company , Jacque used his market research to build a strong case for starting Diamond Phase. If you want to learn how to start a private security company from scratch, you can follow this business plan for a security company pdf. You can also learn the basic idea from other plans, such as a dog training business plan .

Here, we will present the marketing analysis and details for Diamond Phase, through which you can learn how to open up a security company that can succeed. 

5.1 Market Trends

According to Statista, the private security industry in the US already has a market share of $32 billion, which is a $1 billion increase from 2019. The market is consistently growing with an increase in valuable projects, businesses, and residential areas. Therefore, this is the prime time to learn how to start a security agency as it will help the new business become a part of the growth spurt. 

5.2 Marketing Segmentation

The customers targeted by Diamond Phase are as follows:

Business plan for investors

5.2.1 residential community.

The main customers of our company will be residential areas that require not only an automated security system in each home but also centralized security teams in place to deal with a breach. We expect to gain about 60% of our customer base from this domain. 

5.2.2 Small/ Large Businesses

We will also provide automated systems, network security services, and small batches of guards to small and large businesses. Mostly, these businesses will require a few guards and a basic automatic security system linked to the police. 

5.2.3 Jewelry Stores

Our company will also serve Jewelry stores that require a state-of-the-art automatic security system as well as an equipped security team that can respond in a short time. 

5.2.4 Highly Sensitive Areas

Lastly, Diamond Phase is aware that there are warehouses and hidden locations that often need security. We expect to come into business contracts with large companies.

5.3 Business Target

• Establish ourselves as an efficient and versatile one-stop solution in the market.
• To attain a customer satisfaction score of 98% within the first 6 months.
• To slowly expand our client base to include multinational corporations.

5.4 Product Pricing

The prices of our products will be competitive with the market baselines. We will offer a wide range of services to choose from so that our clients don’t have to look towards any other firm for full-coverage security solutions.

Strategy 

Setting up a security firm can be tough from a market standpoint. Most places already have trusted firms that they use for security systems. So, it can be hard starting a private security company in such an environment. To deal with these hardships, Jacque decided to come up with competitive advantages from the very beginning. His compelling sales strategy and competitive advantages are given in this business plan of a security company.

So, just as a dog daycare business plan can help a dog daycare business prosper, a business plan targeted at a security firm can help it succeed as well. Therefore, if you want to learn how to start a private security firm, you can go through the plan developed by Jacque for Diamond Phase. 

6.1 Competitive Analysis

• We have a versatile business that offers security in 3 dimensions: manual, automatic, and communication network.
• Our customers can get one-stop solutions at our company, eliminating the need for multiple security systems.
• We have systems in place for training clients’ own employees and guards.

6.2 Sales Strategy

• We will offer comprehensive security packages based on a client’s needs.
• The services of our security analyst to design the security system will be free for clients.
• We will offer a money-back guarantee in case of any issues within the first year.

6.3 Sales Monthly

6.4 Sales Yearly

6.5 Sales Forecast

Personnel plan

When learning how to open up a security company, you need to go into details such as which type of workforce can help you maintain and run the business. Every private security company business plan contains these details.

The employees Jacque decided to hire for Diamond Phase are listed below in this business plan for a security company pdf. 

7.1 Company Staff

• 1 Co-Manager to help in overall operations
• 20 Trained Guards
• 2 Sales Executives to promote sales
• 1 Accountant
• 1 Receptionist

7.2 Average Salary of Employees

Financial Plan

If you are new to the security domain, you may be wondering what you need to start a security company. The truth is, there are a lot of components that make a business plan security company successful. One of the essential components is the financial planning of the business. 

Financial planning can include details ranging from how much it costs to start a security company to the rates for your services. For the financial planning of the Diamond Phase, Jacque dived deep into the profit vs. cost analysis of services to ensure the sustainable working of the business.

The financial plan for the Diamond Phase with all its details is demonstrated below for a better understanding.

8.1 Important Assumptions

8.2 Break-even Analysis

8.3 Projected Profit and Loss

8.3.1 Profit Monthly

8.3.2 Profit Yearly

8.3.3 Gross Margin Monthly

8.3.4 Gross Margin Yearly

8.4 Projected Cash Flow

8.5 Projected Balance Sheet

8.6 Business Ratios

• How do I write a business proposal for a security company?

You can learn how to write a business proposal for a security company through the example of a business plan for a security company given above. 

• How do you write an executive summary for a security company?

An executive summary is an important part of all security company business plans. To write one, you can look into the security company business plan template given above. 

• What are the goals of a security company?

The goals of a security company are dependent on many factors such as location, owner’s expectation, target market, investment, etc., all of which are demonstrated in the business plan for a security company.

Download sample a business plan for a security company pdf

OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.

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The Silvertrac Extra

The essentials of a security company business plan.

By Johnny Page

Starting a security business requires a well-thought-out business plan. Without a proper plan, it is impossible to build and stabilize an organization, let alone create room for growth and expansion. If you are passionate about private security and thinking about building a successful organization, here are a few key areas that are essential when creating a security company business plan. 

How to Start a Security Company?   

The answer to how to start a private security company begins with understanding what a business plan is and why it’s necessary. Your business plan is often the same reason you started your security company. You want to provide security to a certain scale and vendors. Once you hone in on who and why that is, you will have the first steps of your plan.   Having a plan is necessary in today’s security industry where the economy fluctuates, and business seems to come and go daily. By making a private security business plan, you can get ahead of the game when it comes to the goals of your company and what pitfalls you may experience. Start by asking yourself these questions. 

What is your focus? 

• There are many different types of security companies. Whether you want to supply security for events, corporations, or some other type of business, you’ll have to know what that focus entails when it comes to planning everything from cost, training, structure, and even scheduling. 

What security services will you provide? 

• There are a handful of distinct types of security. Armed or unarmed, event or corporate, global, or local, and what connections they have with the police and the business they serve. 

What is your geographical reach? 

• You can choose to focus on one business type, one city or state, or go global and market yourself as a security company that goes beyond borders.  

What types of properties/organizations will you provide security for? 

• There’s plenty of different markets for security companies. Corporations, government agencies, hospitals, churches, schools, retail stores, banks, and so many more.  

What is the ideal size of contract for your business? 

• It is all too important to find the right amount of business for your business. You must find enough contracts to make sure you’re making a profit but also make sure you aren’t over-extending our business. It is a skill to find the right bid for security contracts for your company without underfunding yourself. The more strain you put on your company by overextending or underfunding yourself the more of a chance the quality of security you provide will go down.  

Without properly defining these factors, it is difficult for a security company to gain momentum and build a reputation. You will be targeting every business in every sector, failing to provide quality services. A well-defined private security business plan offers a more focused approach that will help you provide top-quality services in your area of expertise.

Remember, you can always start a business in the security industry , but you can’t always save it. 

Developing a Security Company Business Plan  

A solid business plan is a great idea no matter what type of business you operate. In the world of security, it is doubly important. It allows you to understand how contracts will affect you and your company from the ground up and prepare for issues that could cause other businesses severe trouble. Something that should be avoided in this time of economic fluctuation. No matter if it’s strategy, finances, scale, or any other aspect; each of them will uncover valuable details on what you want your business to be.   

Executive Summary  

Executive Summaries are key for getting to the minute details of your business without having to skim over a large document. Any Executive Summary should have the key points of a report and the findings not only in an easy-to-read fashion, but also stripped of any flowery language. The whole goal of this is to get the most notable information of a document or report across in the shortest amount of time.   

Company Overview  

This is who your company is. Ownership, management, history, goals, any aspects that differentiate you from other companies, and anything else that could be interesting to investors or customers. This is an elongated elevator pitch, or in a way a resume for your business. If it is a selling point of your company, then put it here.  

Licensing & General Liability  

Before much can happen with your security company, you will need to obtain a Private Patrol Operators (PPO) License , which is regulated by state-run agencies like the Bureau of Security & Investigative Services (BSIS) in California. A PPO license grants the license holder the ability to hire employees that function as security personnel. But to be approved for a PPO security business license , you must secure general liability insurance.  

Getting a PPO license can take some time. When planning out your business’s roadmap, make sure to take these time constraints into consideration, as it will be a key factor for when you can officially launch your security business.  

Note: Each state has different rules and regulations pertaining to operating a security company. We are using California policy as an example since they continue to have the strictest employer laws , but and are often responsible for progressing industry standards around the country.  

Industry, Customer and Competitive Analysis  

One big way to understand the challenges your company may face is to learn from your competitors. Seeing the needs of the area in which you want to do business and see how your top competitors are approaching those needs is a terrific way to see if there are any niches you can fit your company in. This makes any sort of industry analysis incredibly valuable. You don’t wait to find yourself in a market full of competitors without your company having any sort of edge on them.   

Looking at the customers in your area is good for the same reason. Find what consumers need and are willing to pay to solve that need. By finding out what the market looks like and what the consumers of that market are like you can find out what your company can specialize in and where it is best to focus your marketing on.  

Operations Plan  

This is where you develop a deeper understanding of your company's goals and strategy. Consider it as what your company is looking to do. This should be easy to complete once you have the information from the steps above  

As well as your goals, there should be a brief outline of the timeframe in which you would want those goals to be achieved and a basic strategy in which your company will approach them. This is an important document for your investors and any potential business contributors, as they will get a sense of the ideals and future your company has in mind.   

Employee Structure & Management Plan

Building a sound security team structure within your business will help maintain internal order and high customer service standards. Not to mention, it will be much easier to grow your team and business if you already have a strong structure in place when you are ready to expand.  The first step is building a strong security guard management team. As the owner of a small, new security company, it can be challenging to wear the different hats needed to run your business. Even starting out with just one supervisor, it will alleviate many of the managerial duties, freeing you to focus on other parts of the business.  A good supervisor should have a strong background in 3 different areas: 

• Organizing, directing, and managing security officers
• Motivate, train, and coach security officers
• Time management

With these areas covered, a supervisor can lead the charge on building and training a security force that is disciplined, motivated and continually improving .   

As the team grows, the company will be comprised of like-minded employees who hold the same values and ethics that will be reflected in their work. It will increase employee retention and satisfaction and continually improve the quality of service the company provides.  

Financial Plan  

Knowing what your finances will look like is a fantastic way to prepare for expansion and potential costs. Having a plan financially will allow for out-of-the-blue costs to not be as overwhelming on you or the company.   

Consider having a five-year plan, and a realistic one at that. Also, make a spreadsheet for your cash flow, balances, and income down to a monthly increment. This will all allow you to see how your business can grow and perform.  

Sales & Marketing Strategies

Implementing a sales and marketing plan upfront will give your security business the initial jump-start it needs, rather than figuring it out as you go. It is important to make these strategies scalable, so you aren’t losing valuable resources like time and money.  

As mentioned earlier, when building out your security company business plan, you must determine the scope and geographical reach of your services. Once this is completed, you can begin to strategize the best sales and marketing tactics to answer questions like:  

• What are the marketing strengths and weaknesses of your top competitors in the region?  
• Where do you find leads in the region you are targeting?  
• Do you have a strong referral base ?  
• How do your sales representatives play to the needs of your target audience and the weaknesses of your competitors?  
• What is the most effective outreach strategy for your target audience?  
• What online platforms should we be using to generate awareness of your services?  

Once you can start to identify the answers to these questions, you can start to build a security marketing strategy that will complement the efforts of the sales team and drive brand awareness and lead generation. Again, building a repeatable & scalable plan is important so that you aren’t wasting resources upfront and can grow your efforts as the business allows for it.  

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Want to learn more.

Johnny Page

Johnny is a Customer Success Enthusiast for Silvertrac Software who is passionate about business, technology, and (of course) our customers! Johnny spent time in the security industry in Business Development, Marketing, and Operations before joining the Silvertrac team.

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Starting A Security Company Business Plan (PDF)

Starting a security company can be a highly profitable venture in today’s world, where the need for security is ever-increasing. This industry, characterized by its robust demand and attractive profit margins, offers a unique opportunity for entrepreneurs looking to establish a sustainable and financially rewarding business. The rising concerns over personal and corporate safety have fueled a surge in the demand for security services, making it an opportune time to enter this market. The security sector’s appeal lies in its wide-ranging services, from residential security to corporate safety measures, catering to a diverse clientele. This versatility not only broadens the potential customer base but also allows for considerable flexibility in tailoring services to specific market needs. With the right approach and understanding of the market, a security company can achieve significant profitability. This is bolstered by the industry’s inherent scalability, where businesses can start small and expand their offerings as they grow, maintaining healthy profit margins throughout. This article will outline how to start a security company business and the security company business plan (PDF, Word & Excel).

Market Research

Market research plays a pivotal role in the process of launching a security company business. It serves as the compass that guides entrepreneurs through the complex terrain of the security industry. Begin by analyzing the overall security industry. Look into various segments like residential, commercial, event security, and cybersecurity. Evaluate the size of these markets, growth trends, and the major players. Understanding where the industry is headed can help you spot opportunities and potential gaps in the market. Not all security companies are the same. Some focus on physical security guards, while others specialize in advanced technological solutions like surveillance systems or cybersecurity services. Your market research should help you identify a niche that aligns with your expertise and market needs. Whether it’s a specific sector like retail security or a type of service like risk assessment, finding your niche is key to standing out.

A critical part of market research is analyzing your competitors. Who are they? What services do they offer? What are their strengths and weaknesses? This analysis will help you understand your competitive advantage. Pay attention to their customer service, pricing strategies, technological adoption, and client feedback. Knowing what potential clients want and need is paramount. Conduct surveys, interviews, or focus groups with potential customers to gather insights. Look into what businesses or individuals in your target market are looking for in a security service, what they feel is lacking in current offerings, and what would make them choose a new provider. Every industry has its regulations, and security is no exception. Research the legal requirements for starting and operating a security company in your region. This includes licenses, certifications, and any specific laws that pertain to security operations. Budgeting and financial planning are indispensable components of market research. Accurate financial projections, encompassing startup costs, operational expenses, and revenue estimations, are key to securing funding and maintaining financial stability.

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.

Access Control

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.

Close Protection

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.

Budgeting and Financial Planning

Budgeting and financial planning form the cornerstone of a prosperous security company business. Irrespective of whether you’re embarking on a startup venture or seeking to expand an existing operation, meticulous financial management is a non-negotiable aspect of success. The process commences with estimating startup costs, meticulously accounting for licensing fees, equipment purchases, marketing expenses, legal and insurance fees, and office space rentals. A well-structured budget serves as a financial road map, facilitating secure funding acquisition and preempting unforeseen financial challenges. Moving forward, the realm of financial planning encompasses a meticulous assessment of operational expenses. Anticipating costs related to employee salaries, insurance premiums, utility bills, vehicle maintenance, and other overheads is vital for financial stability. Accurate revenue projections, based on a thorough understanding of pricing strategies, target market size, and competitive positioning within the security industry, further fortify the financial planning process. These projections provide guidance for budgeting efforts and the establishment of realistic financial objectives.

Cash flow management is equally vital, ensuring that your security company maintains sufficient working capital to cover daily expenses, compensate employees, and seize growth opportunities. Additionally, comprehensive financial planning incorporates contingency measures for unexpected events, a crucial component for safeguarding business operations in the face of unforeseen challenges. When seeking expansion or diversification, the financial plan becomes a strategic tool for evaluating investment opportunities and assessing the sustainability and profitability of growth initiatives. Moreover, tax planning strategies, devised in consultation with tax professionals, can optimize deductions and credits, ultimately enhancing your company’s financial well-being. Periodic reviews and adjustments of the financial plan ensure alignment with evolving market conditions and business objectives, securing the financial health of your security company for the long term.

Marketing Strategies

Marketing Strategies are the backbone of a thriving security company business. In an industry as competitive as security services, it’s vital to employ a diverse range of strategies to attract and retain clients while establishing a robust brand presence. First and foremost, building a compelling online presence through a professional website and employing digital marketing techniques, such as SEO and social media engagement, is imperative. This not only enhances your visibility but also allows you to connect with potential clients and share your expertise. Content marketing is equally crucial, as it positions you as an industry authority. Regularly producing informative blog posts, articles, videos, and infographics related to security topics not only educates your audience but also boosts your website’s SEO and strengthens your brand.

In addition to these digital marketing strategies, don’t underestimate the power of offline tactics like flyers, billboards, and physically approaching potential customers. Flyers can be distributed strategically in local neighborhoods or at community events to raise awareness of your security services. Billboards strategically placed in high-traffic areas can grab the attention of passersby and serve as a constant reminder of your presence. Physically approaching potential customers through door-to-door outreach or participation in local safety workshops and seminars allows for a personal connection and helps build trust within your community. Networking and forming strategic partnerships within the security industry can open doors to collaborative opportunities, such as bundled services or referrals, enhancing your reach. Leveraging customer testimonials and case studies builds trust by showcasing your track record of success. Implementing a referral program encourages satisfied clients to bring in new business. By combining these traditional marketing methods with digital strategies, your security company can create a well-rounded marketing approach that reaches a wider and more diverse audience.

Identifying and catering to potential customers is pivotal for the success of your security company business, as different client segments have distinct security needs. Residential clients, including homeowners and renters, seek services like alarm system installation and home monitoring to protect their families and properties. Meanwhile, commercial businesses, spanning small enterprises to large corporations, require comprehensive security solutions such as access control systems, surveillance, and alarm monitoring to safeguard their premises, assets, and employees. Retail stores also constitute a significant market, seeking services like surveillance systems and loss prevention to address security challenges related to theft prevention and employee safety.

Corporate offices and educational institutions prioritize security as well, with demands for advanced solutions like access control, biometric systems, and security consulting services. Healthcare facilities, including hospitals and clinics, rely on security services encompassing access control, video monitoring, and security personnel to ensure the safety of patients, staff, and sensitive medical information. Financial institutions, including banks, require stringent security measures to protect assets and customer data, necessitating services such as bank security consulting, alarm systems, and security personnel. Government agencies, with their unique security needs, require specialized services that cater to public facility protection and sensitive data security, ensuring compliance with security regulations.

Industrial and manufacturing facilities seek security solutions like access control, surveillance, and security assessments to protect their equipment, facilities, and intellectual property. Event management companies may require security personnel for crowd control, access management, and emergency response during large gatherings, concerts, or festivals. Construction sites also need security services to prevent theft and vandalism, which may include surveillance, on-site security guards, and access control. Property management companies overseeing apartment complexes, gated communities, or commercial buildings often seek security services to ensure the safety of residents and tenants. By understanding and addressing the diverse needs of these potential customer segments, your security company can effectively tailor its services, attracting and retaining clients in a competitive industry while building strong relationships across various sectors.

Keys To Profitability

Unlocking profitability in the security company business requires a multifaceted approach that integrates several key strategies and considerations. First and foremost, effective cost management is crucial to minimize unnecessary expenditures without compromising the quality of our services. This involves optimizing staffing levels, negotiating favorable supplier contracts, and leveraging technology for efficiency gains. Additionally, pricing strategies must strike a balance between competitiveness and profitability, reflecting the value provided while ensuring healthy profit margins. Maintaining strong client relationships through exceptional service and loyalty programs is another pivotal factor. Customer retention is not only cost-effective but also contributes significantly to long-term profitability. Diversifying our service offerings and exploring opportunities for complementary services can open up additional revenue streams.

Efficient marketing and lead generation strategies, tailored to target ideal clients, must be consistently assessed for effectiveness to allocate resources wisely. Furthermore, investing in employee training and development is crucial, as skilled and motivated staff enhance service quality and efficiency. Embracing technology solutions that improve security operations and client experiences is also essential. Rigorous quality control measures, combined with a culture of continuous improvement, ensure consistent service delivery and client satisfaction. Efficient cash flow management safeguards financial stability, while market expansion into underserved areas or niche segments can lead to new revenue streams. Legal and regulatory compliance is imperative to avoid costly penalties or reputational damage.

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)

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Get the Security Company Business Plan (PDF, Word And Excel)

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Security Guard Business Plan

Start your own security guard business plan

Batten-Hatchez Security

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">, opportunity.

In the current political climate, with increasing fears of terrorist activity, and the current economic climate, which promises an upswing in general and in outsourced services especially, this business is launching at the right time. The business will target large retail stores and building management companies first in order to establish a strong base of clients in Coastalburg.

Batten-Hatchez Security will remove worries for clients who require security guards for their buildings, facilities, and events by providing excellent customer service for clients and in-depth training for their employees.

[ Note: marketing info here is out of date; included for illustration purposes only. Dates have been changed. ] 

According to IBISWorld, there were 41,000 security services firms in the U.S. in 20XX running 56,000 establishments. The average size of a firm was $700,000 revenue per year based on these numbers, meaning that the industry includes both small and larger companies. There are few barriers to entry, as long as basic legal requirements are met, as the capital investment in the business is very low. The industry depends on a supply of labor, often using retired police officers as security guards.

As security guard services are sold business-to-business, marketing and advertisement is generally targeted on the markets and industries the security companies seek to serve. Businesses generally search for security guard providers on the Internet or through referrals from other companies they trust.

Competition

Top players in the industry include Securitas AB, Allied Security LLC, The Brink’s Company, and G4S plc. Huge players provide services for a huge range of markets, including governments, chemical and petrochemical, colleges and universities, commercial real estate, financial institutions, health care facilities, manufacturing and industrial, residential communities, shopping centers, and temporary security services.

Batten-Hatchez Security will remove worries for clients who require security guards for their buildings, facilities, and events by providing excellent customer service for clients and in-depth training for their employees

Expectations

The business expects respectable sales of in the first year, almost doubling by the end of the third year. Gross margins will be similar to the industry average, based on guard labor costs vs. billings. After the initial investment and launch, a lean first year, and the establishment of an office and training space in the second year, the business will be poised to expand through its own financing after three years. After the business is proved replicable in additional cities, the business may be sold to provide an exit for the initial investor and founders.

Financial Highlights by Year

Financing needed.

The $76,700 investment as follows: 

Louis Giordano $15,000

Jared Case $15,000

Unspecified family/friend investment: $46,700

Problem & Solution

Problem worth solving, our solution.

Located in Coastalburg at its launch, the business will provide security guards, security audits, and referrals to equipment providers to commercial buildings, retail businesses, and, eventually special event venues and other clients. The business seeks to acquire capital from an angel investor and will expand to additional cities in Ourstate and beyond if successful.

Target Market

Market size & segments.

The market for security guard services includes building management companies, retail businesses, event venues, and other businesses. IBISworld.com reports that the security services industry as a whole was $29.7 billion in 20xx. While this number includes investigative services and armored car services, it is estimated that security guards accounted for $22.3 billion. This represents approximately 540,000 employees in the security guard industry.

While market revenue has dropped 2% in 20xx due to the recession, it is expected that the market will rise again due to increasing outsourcing of security services by companies who will delay hiring their own full-time employees as the recession ends. The continuing and growing concerns about security brought on by international terrorism are also expected to contribute to growth in the industry.

Of the potential targets available in Coastalburg Batten-Hatchez Security will focus on building management companies and retail businesses at the outset. These businesses require steady security needs and serving them is simpler than serving special events.

Building management companies  generally install surveillance equipment and employ security guards to monitor that equipment, to staff front desks/security checks, and sometimes for general patrol. These companies often work with a number of commercial or residential buildings and look to establish a relationship with one reliable vendor for all of their security guard needs. While some buildings require night-shift guards, others require only day coverage.

Large retail businesses  use security guards to deter theft and to provide safety. These include department stores and other retail stores over 4,000 square feet, although some smaller stores may use security guards if they sell high-priced items (designer fashion, jewelry, technology, etc.). Retailers require more guards during the day. Some simply lock the store at night while some larger department stores use night patrols as well.

Event venues  use security guards to monitor guest lists and fire capacities and to organize emergency response. Nightclubs and bars may be included in this category. However, most nightclubs and bars employ their own security personnel (or "bouncers") directly and do not use vendors. Event security has the same risks as other security, but there is limited time for security audits and situations change fast, making this a higher stress business that requires better trained guards. Events tend to happen in the evenings with weekday nights for corporate events and weekend nights for private events.

Educational institutions , such as primary and secondary schools and colleges, generally employ security officers to guard and patrol their buildings and campuses. Often these institutions employ their own in-house security staff, but they will sometimes use outsources security vendors. These institutions require night and day patrols.

Batten-Hatchez Security will target the first two of these target markets initially, building management companies and retail businesses. Both segments require ongoing security vendors and are eager to establish long-term relationships. Once relationships are established, good customer service, quality assurance, and competitive pricing can ensure that the relationships are retained and that the security provider is considered a true partner in the protection of the building or businesses’ assets and people.

Furthermore, the other two target markets listed will be taken on at a later date, if at all. Event venues require more specialized services and may be a slower market to tackle. Educational institutions are often eager to establish their own security staffs, making this a difficult market to establish a strong foothold in as well.

Current Alternatives

Smaller security companies achieve success based on the expertise and reputation of their founding managers and the growth of a team with a similar track record. The continued success of a company depends on client satisfaction, leading to referrals.

Larger institutions and governments may receive several bids for security contracts, while smaller businesses (such as many that Batten-Hatchez Security will target) often prefer to try out security companies and move on if they do not meet expectations.

The smaller the amount of assets being protected, the more willing a company will be to risk their security on educated hunches about a security company without feeling the need to do due diligence on a number of options.

IBISworld reports the following about the security industry:

While the public’s perception of the rising crime rate assists revenue, the most significant factor which increases the demand for this industry’s services is a breach of an existing security system, a break-in or a near break in. The economic crisis has hurt demand over the past two years but things will soon begin to improve.

In Coastalburg, security guard service competitors include securityguard.com, Top Guard Security, US Security Guard Services, and Trend Security Corporation.

Our Advantages

Batten-Hatchez Security will built a competitive edge through high levels of customer service and assurance. The company will strive to not be a broker between clients and contracted security guards, as some security guard providers become, but instead be a partner in the security and protection of client’s assets, with security guards as a major tool in that protection. This strategy will require Chindit Batten to carefully audit a client’s security situation and to work with them on plans to upgrade and maintain that security. He will continually check in with clients and with the guards sent to client sites to learn about the challenges they are facing.

Keys to Success

Batten-Hatchez Security believes the keys to success in its industry include:

• No incidents. No mistakes. No failures. Security is about peace of mind. Credibility is everything.
• Listening carefully to client concerns and objectives to create customized security guard packages
• Knowing what the client does not know (bringing deep security expertise as well as knowledge of legal regulations and liability to the table)
• Training security guards carefully and maintaining their training and certifications (e.g. to carry firearms)
• Monitoring the quality of security guard service to offer quality assurance

Marketing & Sales

Marketing plan.

To reach its target markets of building management companies and large retail businesses, Batten-Hatchez Security will use the following tactics:

• Development of a basic "brochure" website with services and contact information
• Advertising in trade publications read by managers in these two industries
• Advertising online with Google AdWords around keywords for security services and security guards, especially associated with these two types of customers
• Business cards and brochures for Chindit Batten to distribute on appointments and while networking with Coastalburg-area business networking groups
• Direct selling work based on purchasing or developing target lists
• Direct mail of brochures and letters to these target lists of potential clients in Coastalburg

Chindit Batten will be the primary salesperson for Batten-Hatchez Security. He will meet with clients at their buildings to perform an initial consultation and will create proposals for security services based on the client’s needs. Batten will track sales prospects and clients with ACT!, a client management database system. 

Batten’s sales strategy will be to listen carefully to the needs of the client and to provide assurance through stories of his experience and a canny understanding of their needs and concerns. While his proposals may not be the lowest cost bids a potential client receives, he will follow up with care and the same personal attention that clients will receive if they move forward with using Batten-Hatchez Security.

Milestones & Metrics

Milestones table, key metrics.

Our Key Metrics are:

• The number of retweets and twitter follows. Our customers are constantly chatting with each other and us to figure out how people feel about us 
• Our blog views and shares. We demonstrate our knowledge by writing expert posts about security. The number of people who visit our site will give us a idea of how our blog subjects mix with our customer’s concerns. 
• Market research – Keep a pretty good idea of what our competitors are doing and how much they are charging. This allows our customer service to sell our customer service on our specific services 
• # of customer recommendations on Facebook and twitter and professional service sites. 
• # of training certificates and how that affects how much people are willing to pay. 

Ownership & Structure

Chindit Batten is CEO and founder of Batten-Hatchez Security. He currently owns 60% of the business and the remaining 40% of shares are owned by his partner and co-founder, Viipuri Hatchez, COO. The business is incorporated as an S Corporation to enable additional investment for its launch. The founders shares will be diluted as up to 40% of shares will be given to friends/family investors.

Management Team

Batten-Hatchez Security is a startup security company founded by Chindit Batten, a former police sergeant and security company manager with fifteen years in law enforcement and ten years in security work. The business will provide security guards to commercial buildings, retail businesses, and special events. The business will launch in Coastalburg but will expand to additional cities if successful.

Personnel Table

Financial Plan investor-ready personnel plan .">

Key assumptions.

The long-term interest rate is 6% for a home equity loan taken out in year 2 to cover the cash needs for a move to an office space.

In addition to the assumptions shown in this table, the business makes the following assumptions:

• That the security guard industry will experience an overall upswing in the next three years
• That the sales record of Chindit Batten at his previous firm can be replicated at Batten-Hatchez

Revenue by Month

Expenses by month, net profit (or loss) by year, use of funds.

Start-up Expenses are 

Legal Fees $15,000

Surety Bond $1,200

Stationery $2,000

Insurance $10,000

Training $5,000

Website $2,000

Brochure $1,500

TOTAL START-UP EXPENSES $36,700

Sources of Funds

Our sources of funds are investors:  Louis Giordano, Jared Case, and family and friends. 

Projected Profit & Loss

Projected Balance Sheet

Projected Cash Flow Statement

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Security Consulting Business Plan Template & Guidebook

How to write a security consulting business plan in 7 steps:, 1. describe the purpose of your security consulting business..

It also helps to include a vision statement so that readers can understand what type of company you want to build.

2. Products & Services Offered by Your Security Consulting Business.

When you think about the products and services that you offer, it's helpful to ask yourself the following questions:

3. Build a Creative Marketing Stratgey.

If you don't have a marketing plan for your security consulting business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals. 

Target market

Customer base , product or service description, competitive analysis, marketing channels, form an llc in your state, 4. write your operational plan., what equipment, supplies, or permits are needed to run a security consulting business.

In addition to these items, it is also important for the business to have knowledgeable and experienced employees who are trained in security analysis and assessment techniques.

5. Management & Organization of Your Security Consulting Business.

6. security consulting business startup expenses & captial needed..

This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.

Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.

7. Financial Plan & Projections

A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your security consulting business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses. 

Frequently Asked Questions About Security Consulting Business Plans:

Why do you need a business plan for a security consulting business.

A business plan is a document that outlines the goals and objectives of a business, as well as the strategies and tactics that will be used to achieve those goals. It is important to have a business plan for your security consulting business because it helps to focus the efforts of the company, communicate the business's goals and objectives to potential investors, and provide a roadmap for the business to follow. Additionally, a business plan can be used to help secure funding from investors or lenders, who will want to see that the business has a solid plan in place before they provide funding.

How to write a business plan for your security consulting business?)

Can you write a security consulting business plan yourself.

Yes, you can write a security consulting business plan yourself. Writing a business plan is a valuable exercise that can help you clarify your business idea, identify potential challenges and opportunities, and develop a roadmap for success. While there are many resources and templates available to help you write a business plan, the process of creating one is ultimately up to you.

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I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Private Security Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business ideas » Security Industry » Private Security Company

Are you about starting a private security agency ? If YES, here is a complete sample private security company business plan template & feasibility report you can use for FREE .

The security industry is an integral part of our world- especially in periods such as this when crime and terrorism has been taken to an all – time high. As a matter of fact, The united states and of course all the countries of the world spend fortunes annually on security; the budget for security is always on the increase every New Year because people that perpetuate crimes and terror are becoming sophisticated as the year goes by.

Basically, a private security company is any company that provides both armed and unarmed security related services and expertise to both private clients and public clients at an agreed fee.

According to the United States of Bureau of Labor Statistics, a private security company is a company that engages in services like providing security guards (bodyguard, guard dog, parking security and security guard services) and patrol services et al.

The average private security outfit can go as far as providing advanced special operations services for special clients when they make demand of it.

For instance; it is the duty of security companies to provide security related services such as the prevention of unauthorized activity or entry in a specified perimeter, traffic regulation, access control, and fire and theft prevention and detection et al.

These services can be largely described as the protection of personnel and/or assets.  Private security outfits can also offer security related services such as roving patrol, bodyguard, and guard dog services et al.

A Sample Private Security Company Business Plan Template

1. industry overview.

It is obvious that the private security industry is indeed a fast growing industry, at present there are about 2 million full-time security workers in the United States of America and this number is expected to grow by an estimate of 21 percent by 2022.

The worldwide private security services industry was approximately 96 billion U.S. dollars in size way back 2013 and statistics has it that the largest share of this market was held by Europe at almost 30 percent,  then followed by Asia (with the exception of Japan) and North America.

The income of the private security services industry was set to reach an estimate of about 25 billion U.S. dollars in the United States in 2014. Security alarm services alone in the United States of America generated whooping sum of 17 billion U.S. dollars per year between 2008 and 2014.

It is on record that in 2013, the money generated by the global security technology and related services market rose just over 67 billion U.S. dollars and was projected to reach an estimate of about 86 billion by the year 2016. Statistics also has it that the global spending on ICT related security services was set to reach approximately 50 billion U.S. dollars in 2015.

Without doubt, the private security industry is indeed a large industry which is why some of the leading private security companies worldwide such as UK-based G4S, Sweden-based Securitas AB and U.S.-based ADT Corporation – in 2013 could boast of generating 12.08 billion, 10.12 billion and 3.31 billion U.S. dollars respectively in just a calendar year.

Whereas in the United States of America, the fastest-growing private security company in 2013 was Innovative Surveillance Solutions with a three-year combined revenue growth of about 5,605 percent.

It is on record that of the 15 fastest-growing private security companies, Datto (A Connecticut-based Company specializes in hardware-based backup, disaster recovery and business continuity services) generated the most revenue that year with 48.9 million U.S. dollars.

Statistics also has it that in 2010, the revenue of security services in the United States of America is estimated to be at about 25.2 billion U.S. dollars.

Without mincing words, the private security industry is one industry that is growing despite the point that the government of various countries are not relenting when it comes to providing security for her citizens. One thing is certain, the private security industry is an evolving one and new technology and approaches are being employed when it comes to delivering standard and safer security services.

The industry can’t be said to be oversaturated simply because there are different areas (niches) a private security company can specialize in and if you are good with what you do, then you won’t struggle much to continue to attract clients both nationally and internationally.

The factors and incentives that encourage entrepreneurs to venture into the private security industry are the ability to get good returns on your investment with minimal risks. For example, when you secure a contract to provide security for an event or an organization, the norm is that you will be financially mobilized before executing the contract.

People also get encouraged to go into starting their own private security companies because on the average it is cost effective to manage the business / workforce. It is the practice for private security outfits to recruit and trained security guards, bodyguards and security dogs et al when only when they have a security contract to execute which is why they don’t usually maintain a large workforce.

2. Executive Summary

Stevenson & Gabby® Security Solutions is a first – class and licensed private security company that will be based in Carson City – Nevada. We have been able to secure all the required security clearance to and office facility to run a private security company in the United States.

We are aware that to run a standard private security outfit can be demanding which is why we are well trained and equipped to perform excellently well. Stevenson & Gabby® Security Solutions is a client-focused and result driven private security outfit that provides broad-based security services at an affordable fee that won’t in any way put a hole in the pocket of our clients.

We will offer a standard and professional security services such as the prevention of unauthorized activity or entry in a specified perimeter, traffic regulation, access control, and fire and theft prevention and detection, security advisory and consultancy services, roving patrol, bodyguard, and guard dog services et alto all our individual clients, and corporate clients at local, state, national, and international level.

We will ensure that we work hard to meet and surpass our clients’ expectations whenever they contract their security concerns to our organization.

At Stevenson & Gabby® Security Solutions, our client’s best interest would always come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire professionals who are well experienced in a wide variety of private security services.

Stevenson & Gabby® Security Solutions will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.

Our plan is to position Stevenson & Gabby® Security Solutions to become one of the leading brands in the private security services industry in the whole of Nevada, and also to be amongst the top 20 private security outfits in the United States of America within the first 10 years of operations.

This might look too tall a dream but we are optimistic that this will surely come to pass because we have done our research and feasibility studies and we are enthusiastic and confident that Carson City – Nevada is the right place to launch our private security business before spreading to other parts of the United States.

Stevenson & Gabby® Security Solutions is private – partnership business that is owned by Stevenson Murray and his friend and business partner Gabby Larry – White. The organization will be managed by both of them.  Mr. Stevenson Murray and Gabby Larry – White graduated from both The University of California – Berkley (First Degree), and University of Harvard (MBA).

Stevenson Murray is a Certified Security Project Manager (CSPM), Cisco Certified Security Professional (CCSP), Certified Security Compliance Specialist (CSCS), and Certified Information System Security Professional (CISSP), while Gabby Larry – White is certified Industrial Security Professional Certification (ISP®) and Global Industrial Cyber Security Professional (GICSP). They have combined hands on experience to help build Stevenson & Gabby® Security Solutions.

3. Our Products and Services

Stevenson & Gabby® Security Solutions is going to offer varieties of services within the scope of private security services industry in the United States of America. Our intention of starting our private security outfit is to make profits from the industry and we will do all that is permitted by the law in the US to achieve our aim and ambition.

Our business offering are listed below;

• Prevention of unauthorized activity or entry in a specified perimeter
• Traffic regulation services
• Access control services
• Fire and theft prevention and detection services
• Security advisory and consultancy services
• Roving patrol services
• Bodyguard, and guard dog services

4. Our Mission and Vision Statement

• Our vision is to build a private security company brand that will become the number one choice for both individual clients and corporate clients in the whole of Carson City – Nevada.
• Our vision reflects our values: integrity, service, excellence and teamwork.
• Our mission is to provide professional and trusted private security services that assist individuals, businesses and non-profit organizations.
• We are to position the business to become the leading brand in the private security services industry in the whole of Nevada, and also to be amongst the top 20 private security outfits in the United States of America within the first 10 years of operations.

Our Business Structure

Stevenson & Gabby® Security Solutions is a standard private security services outfit that intends to start small in Carson City – Nevada, but looks to grow big in order to compete favorably with leading private security services outfits both in the United States and on a global stage.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hiring the best hands within our area of operations.

At Stevenson & Gabby® Security Solutions, we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

• Chief Executive Officer

Chief Security Officer / Manager

Security Consultant

Admin and HR Manager

Marketing and Sales Executive

• Customer Services Executive
• Security Guards

5. Job Roles and Responsibilities

Chief Executive Office:

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Responsible for providing direction for the business
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization
• Manages the overall activities of security staff members and equipment
• Achieves maximum profitability and over-all success by controlling costs and quality of service.
• Completes weekly schedules. Schedule employees as necessary to ensure adequate and consistent levels of security service.
• Supervises weekly schedules. Schedule staff as necessary to ensure adequate and consistent levels of service
• Responsible for security control policies and completion of necessary forms.
• Co-ordinates the general execution of security services as requested by clients.
• Summit security reports on a regular basis to the management of the organization and give professional advice as at when due.
• Responsible for interviewing and hiring security guards, vendors, selecting and ordering materials, negotiating rates, coordinating the sequence of events as it relates to security services
• Plans, designs and produces security solutions (software and hardware et al) while managing all project delivery elements within time limits
• Liaises with clients to identify their security needs and to ensure customer satisfaction
• Conducts market research, gather information and negotiate contracts prior to closing any deals
• Provides security feedback and periodic reports to stakeholders
• Proposes ideas to improve provided security services
• Ensures compliance with insurance, legal, health and safety obligations
• Specifies staff requirements and coordinate their activities
• Cooperates with marketing and PR to promote and publicize safety concerns
• Proactively handle any arising issues and troubleshoot any emerging problems on the event day
• Conducts pre- and post – security evaluations and report on outcomes
• Research market, identifies security services opportunities and generate interest
• Offers security advisory and consultancy services to clients
• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Designs job descriptions with KPI to drive performance management for clients
• Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
• Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
• Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
• Defines job positions for recruitment and managing interviewing process
• Carries out staff induction for new team members
• Responsible for training, evaluation and assessment of employees
• Responsible for arranging travel, meetings and appointments
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Oversees the smooth running of the daily office activities.
• Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
• Writes winning proposal documents, negotiate fees and rates in line with company policy
• Responsible for handling business research, marker surveys and feasibility studies for clients
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develops, executes and evaluates new plans for expanding increase sales
• Documents all customer contact and information
• Represents the company in strategic meetings
• Helps to increase sales and growth for the company
• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting for one or more properties.
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for the company
• Serves as internal auditor for the company

Client Service Executive

• Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries.
• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the manager in an effective and timely manner
• Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries

Security Guards:

• Responsible for prevention of unauthorized activity or entry in a specified perimeter
• Handle traffic regulation services
• In charge of access control services
• Responsible for fire and theft prevention and detection services
• Part of the roving patrol services team
• Offer bodyguard , and guard dog services

6. SWOT Analysis

Because of our drive for excellence when it comes to running a standard private security services business, we were able to engage some of the finest business consultants in Carson City – Nevada to look through our business concept and together we were able to critically examine the prospect of the business and to access ourselves to be sure we have what it takes to run a standard private security outfit

In view of that, we were able to take stock of our strengths, our weakness, our opportunities and also the threats that we are likely going to be exposed to in Carson City – Nevada. Here is a of what we got from the critically conducted SWOT Analysis Stevenson & Gabby® Security Solutions;

Aside from the reality that all our private security company is of world – class standard and the business is well positioned and well – equipped to meet the 21 st century demand of both high profile corporate and individual clients, we have a team that can go all the way to give our clients value for their money; a team that are trained and equipped to pay attention to details as regard security concerns. We are well positioned and we know we will attract loads of clients from the first day we open our doors for business.

As a new private security outfit, it might take some time for our organization to break into the market and gain acceptance in the already saturated private security services industry; that is perhaps our major weakness.

• Opportunities:

The opportunities in the private security services industry is massive considering the number of corporate clients and individual clients who can’t afford to leave the security of the properties and lives to government security agencies. As a standard and world – class private security outfit, we are ready to take advantage of any opportunity that comes our way.

Some of the threats that we may likely face as a private security outfit operating in the United States are unfavorable government policies, the arrival of a competitor within our location of operations and global economic downturn which usually affects purchasing cum spending power.

There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good.

7. MARKET ANALYSIS

• Market Trends

The security industry is one of the industries that is highly regulated so as to prevent costly security breaches that endanger the security of a country. So if you are looking towards starting a private security company, then you should acquire international security certifications; it will give you edge amongst your competitors.

The truth is that, the more relevant security certifications that you and your team have, the easier it is for you to convince people to patronize your services. Although if you are able to build a successful security company brand, you can pitch your business in any part of the world and still make success out of the business especially if you run a security consultancy and advisory business.

But if you are just starting out; especially if you are a newbie in the security industry, it is important that you locate your business in an area with healthy business activities.

As a matter of fact, social media has now become one of the most important tools private security outfits leverage on to disseminate information about their security concerns, solicit feedback, and create year-round engagement with their target audience.

Furthermore, new software apps and emerging technology have made it easier for private security outfits to gather all the needed data and information that will help them plan and project for the future.

8. Our Target Market

Although Stevenson & Gabby® Security Solutions will initially serve small to medium sized business, from new ventures to well established businesses and individual clients, but that does not in any way stop us from growing to be able to compete with the leading private security companies in the United States.

As a standard and well – equipped private security company, Stevenson & Gabby® Security Solutions offers a wide range of private security services hence we are well trained and equipped to services a wide range of clientele base. Our target market cuts across people of different class and people from all walks of life, local and international organizations as well.

We are coming into the industry with a business concept that will enable us work with the highly placed people and companies in the country and at the same with the lowly placed people and smaller businesses. Below is a list of the people and organizations that we have specifically design our products and services for;

• Blue Chips Companies
• Corporate Organizations
• Religious Organizations
• Political Parties / Politicians
• Households / Families
• Estates and Communities
• Celebrities
• The Government (Public Sector)
• Schools (High Schools, Colleges and Universities)
• Sport Organizations
• Entrepreneurs and Start – Ups

Our Competitive Advantage

Surviving in the business world as a private security company requires more than, your expertise, knowing how to deliver standard security contracts but also how to network with key people that matters; decision makers that can decide who a security contract is giving to and all that.

No doubt there are loads of big time investors such as Halliburton et al that have a stake in the private security industry, but one thing is certain, there is room big enough to accommodate both the big private security companies and the small private security companies.

What smaller private security companies need to do to survive in the industry is to concentrate on providing security services to households, event planners, estates, communities, schools, hospitals and hotels et al before bidding for big security contracts from corporations and government agencies.

Stevenson & Gabby® Security Solutions might be a new entrant into the private security services industry in the United States of America, but the management staffs and owners of the business are considered gurus. They are people who are core professionals and licensed and highly qualified private security experts in the United States.

We are a world – class and standard private security business that is well positioned and well – equipped to meet the 21 st century security demand of both high profile corporate and individual clients. These are part of what will count as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be amongst the best within our category (startups private security services companies) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Stevenson & Gabby® Security Solutions is established with the aim of maximizing profits in the private security services industry and we are going to go all the way to ensure that we do all it takes to attract clients on a regular basis and sign retainer – ship with most of our clients.

Stevenson & Gabby® Security Solutions will generate income by offering the following private security services for individuals and for corporate organizations;

10. Sales Forecast

One thing is certain, there would always be corporate clients and individual clients who may not be able to afford to leave the security of the properties and lives to government security agencies. As a standard and world – class private security outfit, we are ready to take advantage of any opportunity that comes our way.

We are well positioned to take on the available market in Carson City – Nevada and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base beyond Carson City to other cities in Nevada and other states in the U.S.

We have been able to critically examine the private security services market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in Carson City – Nevada.

Below are the sales projection for Stevenson & Gabby® Security Solutions, it is based on the location of our business and the wide range of private security services that we will be offering;

• First Fiscal Year-: $350,000
• Second Fiscal Year-: $750,000
• Third Fiscal Year-: $1.25 Million

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and natural disasters within the period stated above. There won’t be any major competitor offering same additional services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

We are mindful of the fact that there is stiffer competition amongst private security services companies in the United States of America; hence we have been able to hire some of the best business developer to handle our sales and marketing concerns.

Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis, so as to be well equipped to meet their targets and the overall goal of the organization.

We will also ensure that our excellent job deliveries speaks for us in the market place; we want to build a standard private security services business that will leverage on word of mouth advertisement from satisfied clients (both individuals and corporate organizations).

Our goal is to grow our private security services company to become one of the top 20 private security services companies in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the Carson City – Nevada but also in other cities in the United States of America.

Stevenson & Gabby® Security Solutions is set to make use of the following marketing and sales strategies to attract clients;

• Introduce our business by sending introductory letters alongside our brochure to corporate organizations, religious organizations, schools, households and key stake holders in Lincoln and other cities in Carson City – Nevada
• Promptness in bidding for private security services contracts from the government and other cooperate organizations
• Advertise our business in relevant magazines, newspapers, TV stations, and radio station.
• List our business on yellow pages ads (local directories)
• Attend relevant international and local expos, seminars, and business fairs et al
• Create different packages for different category of clients in order to work with their budgets and still deliver quality private security services to them
• Leverage on the internet to promote our business
• Engage direct marketing approach
• Encourage word of mouth marketing from loyal and satisfied clients

11. Publicity and Advertising Strategy

We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.

We are set to take the private security services industry by storm which is why we have made provisions for effective publicity and advertisement of our private security services outfit. Below are the platforms we intend to leverage on to promote and advertise Stevenson & Gabby® Security Solutions;

• Place adverts on both print (community based newspapers and magazines) and electronic media platforms
• Sponsor relevant community based events / programs
• Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our brand
• Install our Bill Boards on strategic locations all around Carson City – Nevada
• Engage in road show from time to time in target neighborhoods
• Distribute our fliers and handbills in target areas
• Ensure that all our workers wear our branded shirts and all our vehicles are well branded with our company’s logo et al.

12. Our Pricing Strategy

Just like in services and consulting business, hourly billing for private security services is also a long – time tradition in the industry.  However, for some types of contracts or clients flat fees make more sense because they allow clients to better predict the overall service charges.

As a result of this, Stevenson & Gabby® Security Solutions charge our clients both flat fee and hourly billing as long as it favors both parties. At Stevenson & Gabby® Security Solutions we will keep our fees below the average market rate for all of our clients by keeping our overhead low and by collecting payment in advance.

In addition, we will also offer special discounted rates to start – ups, nonprofits, cooperatives, and small social enterprises. We are aware that there are some clients that would need regular access to private security services, we will offer flat rate for such services that will be tailored to take care of such clients’ needs.

• Payment Options

The payment policy adopted by Stevenson & Gabby® Security Solutions is an all-inclusive one because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Stevenson & Gabby® Security Solutions will make available to her clients;

• Payment via bank transfer
• Payment with cash
• Payment via POS
• Payment via online bank transfer
• Payment via check
• Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our services.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a private security services company; it might differ in other countries due to the value of their money. These are the key areas where we will spend our start – up capital;

• The total fee for incorporating the business in the United States of America- $750.
• The budget for basic insurance policy covers, permits and business license – $2,500
• The amount needed to acquire a suitable office facility (Re – Construction of the facility inclusive) – $150,000.
• The Cost for equipping the office (computers, software applications, printers, fax machines, furniture, telephones, filing cabins, security and safety gadgets and electronics et al) – $5,000
• The Cost of Launching an official Website – $600
• The cost for the purchase of 21 st century security gadgets, software and guard dogs et al – $100,000
• Budget for paying  employees for 2 months plus utility bills – $100,000
• Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,500
• Miscellaneous: $5,000

Going by the report from the market research and feasibility studies conducted, we will need about seven hundred and fifty thousand ( 450,000 ) U.S. dollars to successfully set – up a medium scale but standard private security company in the United States of America.

Generating Funding / Startup Capital for Stevenson & Gabby® Security Solutions

Stevenson & Gabby® Security Solutions is a private – partnership business that will be owned by Stevenson Murray and his friend and business partner Gabby Larry – White. They are the sole financial of the firm, but may likely welcome partners later which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

• Generate part of the start – up capital from personal savings
• Source for soft loans from family members and friends
• Apply for loan from my Bank

N.B: We have been able to generate about $150,000 (Personal savings $100,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $300,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Stevenson & Gabby® Security Solutions is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our private security services a little bit lower than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Stevenson & Gabby® Security Solutions will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of six years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

• Business Name Availability Check:>Completed
• Business Incorporation: Completed
• Opening of Corporate Bank Accounts various banks in the United States: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of All form of Insurance for the Business: Completed
• Securing a standard office facility and reconstruction inclusive: In Progress
• Conducting Feasibility Studies: Completed
• Generating part of the start – up capital from the founder: Completed
• Applications for Loan from our Bankers: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents: In Progress
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
• Recruitment of employees: In Progress
• Purchase of the needed security gadgets, patrol vans, security software application, security / guard dogs, uniforms, furniture, office equipment, electronic appliances and facility facelift: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business (Business PR): In Progress
• Health and Safety and Fire Safety Arrangement: In Progress
• Establishing business relationship with vendors and key players in the industry: In Progress

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Retailer Security: Create a Safety Plan For Your Small Business or Retail Store

Written By:  Brad Campbell |  April 7, 2020

One of the biggest concerns for retailers of all sizes is security. No matter what types of products a retail store sells, it’s vital to have a physical business security plan to prevent theft and keep employees safe. 

In 2018, retail stores made a record profit of $6 trillion.

By 2023, due to increased growth, this sector is projected to hit $30 trillion. 

Given the importance that retail stores represent for the country’s economy, it only stands to reason that the assets of each one should be well protected. 

Check out these stats from the FBI Uniform Crime Reporting Statistics:

• There are around 6.5 million burglaries per year, with 34% of them happening in businesses. That is 2.21 million break-ins!
• The amount of these burglaries resolved by the police?: Only 13%.
• Burglary rates are higher in the summer. 
• The most common tools used by intruders are pliers, screwdrivers, pry bars, and little hammers. 
• Most of these break-ins are done by amateurs who, out of desperation, will bring about as much destruction as possible. This is actually dangerous.

When a retail store becomes the target of a crime, whether it be shoplifting, armed robbery, or a violent attack, the physical security measures the store has in place make all the difference in how the scenario plays out. 

A burglar will avoid a place that is difficult to break in or too risky. 

Let’s take a look at some of the best ways you can put a robust security plan for your business to protect your merchandise and employees.

1. Conduct a Threat Assessment

To effectively create a physical security plan for your small business, you have to consider the material risks your business faces. 

For example: 

Are you most worried about shoplifting?

Burglary? 

Armed robbery?

After you’ve decided what your main security concerns are, look at all the areas of your store and any security measures you already have in place to determine how vulnerable your store is to these threats.  

2. Have a Working Security System For Your Business

All retail stores should have the security system basics, including surveillance cameras and an alarm system, up and running at all times. 

Make sure that cameras are visible to discourage shoplifting and burglary and place decals in shop windows to advertise the fact that the premises are video-monitored and have an active alarm system. 

Remember to always set the alarm system when the store is closed so that if someone does try to break in after hours the authorities will be notified.

3. Hire Security Guards to Prevent Retailer Security Breach

If you deal in expensive merchandise or handle large amounts of cash in-store, there should be at least one dedicated security staff member in your business security plan. 

Security guards are specifically trained on how to patrol retail stores, monitor customers for suspicious behavior, and react in the event of a retailer security breach. 

If you run an ample retail space, it makes sense to employ multiple security personnel to monitor different areas of the store, such as every exit, as well as have a guard monitoring the surveillance footage.

4. Enact Loss Prevention Security Measures

Retail loss prevention refers to a variety of strategies and tactics designed to combat shoplifting. One such measure is to tag items with sensors that go off whenever someone tries to leave the store with an item before paying and getting the sensor tag removed by a cashier. 

Another loss prevention tactic is to place the most high-end, expensive items near the cash register or in plain sight of employees.

5. Install Riot Glass Laminated Security Glass

One of the absolute best ways to increase retailer security is to upgrade existing window and door glass with laminated security glass. 

Riot Glass is a type of laminated glass that is 5x stronger and 100x stiffer than standard security glass. 

Unlike shatter-resistant (but breakable) tempered safety glass, which is commonly used in retail stores, Riot Glass is specifically designed to withstand deliberate forced entry attempts and even ballistic impacts.

Riot Glass can be retrofitted onto almost any existing window, glass storefront, or door glass to fortify the glass against burglary, armed robbery, and active threat scenarios. 

Depending on the perceived threats to your retail business, you can choose security glass with different grades of resistance to mitigate your security concerns. 

From containment-grade panels that will withstand repeated impacts from burglary tools like hammers and crowbars, to ballistic-grade shields that can resist bullets from high-caliber handguns, there’s a Riot Glass product for every retail security need.

6. Train Employees on Security Procedures

Employees are the ones on the floor responsible for retailer security, so it’s important to ensure that all of your staff members are trained on how to react in different retailer security breach scenarios. 

For example, create a plan for how employees should react if they catch someone shoplifting, if there is an armed robbery, or if an active threat scenario is underway. Make sure that everyone knows important information like how to lock down or evacuate the building in an emergency properly.

7. Identify Sensitive Areas in Your Security Plan and Control Access To These Areas

Make a checklist of what those sensitive areas are:

Usually, someone trying to break in to your business will not go for the files. However, the intruder does not know that and will still try to break in. This can cause damage to the critical documents in the file rooms. 

Supply Cabinets

Depending on the types of goods you sell, burglars are very likely to target supply cabinets. 

Tool Storage

The instruments that you need to complete the work at your business may also be a target of robbers. 

Server Rooms

If your business has a server room, you know how critical it is to keep that sensitive area away from potential intruders. 

The following are some simple steps you can take to protect these areas better:

• Lock doors to sensitive back-of-building areas like offices and storerooms and control access to them with pass cards, pin codes, or keys. 
• Give access only to the employees that need to be in these areas. 
• These areas can also be used as hiding places for employees if there is a violent individual on the loose in the store, so they can lock themselves in and wait for help if they are unable to get out of the store.

8. Upgrade Window Locks

Though your windows probably already have some type of window locks, their security can be greatly enhanced by installing new aftermarket locks. For example, pin locks, keyed locks, hinged wedge locks, and sash locks can all make your windows more secure against forced entry. 

When used in tandem with security glass, aftermarket window locks will decrease the vulnerability of your windows and deter burglars or other intruders.

9. Light Things Up

In your business security plan, budget for using indoor lights to illuminate hard-to-see areas of your store and leaving some lights on inside at night. 

Also, light up the outside of your store and parking areas or garages with light fixtures that turn on at night or install motion-sensing lights. Well-illuminated premises will discourage criminals and make it easier to spot suspicious activity.

Retail businesses have to confront a variety of security threats on a daily basis and are especially popular targets for theft. This is why it’s so essential to improve retailer security by implementing a comprehensive physical security plan for your small or large business. 

There is no one-size-fits-all approach to physical retail security, but when you employ some of the methods listed above, you can feel more confident about the safety of your merchandise and employees. 

Contact us today to find out more about how you can improve the physical security of your retail business with Riot Glass.

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Money blog: 'We started a business in male-dominated industry while having babies - and raised £5m despite not getting invited to golf'

Welcome to the Money blog, your place for personal finance and consumer news and tips. Leave a comment on any of the stories we're covering below.

Tuesday 2 July 2024 09:49, UK

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Ask a question or make a comment

A popular electric car sold in the UK has a "potentially significant" issue that could veer the driver into oncoming traffic, research has found.

Consumer group Which? says it discovered issues with the MG4's lane-assist technology while testing it on public roads.

It said the system, which is designed to keep the car in lane, twice pulled the car onto the wrong side of the road, with the tester having to use a "significant amount of force" to steer it back.

In another incident on a narrow country road, the lane-assist tech steered the car towards an oncoming vehicle, again forcing the tester to manually intervene.

According to Which?, visibility was good in all cases and the wider road had a "clearly defined centre line, while the country road had a clearly defined edge line".

It said the incidents were noticed during testing outside of controlled lab conditions, and couldn't be repeated in subsequent tests.

The issues come despite MG4 boasting a five-star Euro NCAP score, which takes into account safety features such as lane assist.

A spokesperson for the assessment programme told Which? that manufacturers "have a responsibility to ensure that the vehicle performance seen on a test track is also reflected in on-road driving".

Meanwhile, MG told the consumer watchdog it was "aware of some inconsistencies relating to the lane-departure warning system", making it "oversensitive" in certain conditions.

"We have been working on a continuous improvement programme with the supplier and the relevant regulatory authorities," the company said.

"This has resulted in an improved calibration of the ADAS systems, which we are close to having approved. Once this has been completed, we will implement it as a full software upgrade at no expense to the customer."

MG added that customers can turn off the lane-assist function via the car's touchscreen menu - but it insisted it had received no safety-related reports.

Just 18% of companies in the UK are led by women, and while data suggests female entrepreneurs are on the rise, men still receive more funding and are entrusted with higher average loans to get them started.

In an eight-part series every Tuesday, Money blog reporter  Jess Sharp  speaks to women who are bossing it in their respective fields - hearing their stories, struggles and advice for those who want to follow in their footsteps by starting a business.

This week, she has spoken to Kelly McCabe, the co-founder of the UK's first virtual cancer care clinic Perci Health...

When Kelly and her co-founder Morgan Fitzsimons set up their business, they made an unusual decision - they sat down and planned when they'd both have children. 

It's a topic many men will never feel the need to discuss with their business partners, but as two women, it was something they realistically needed to think about. 

"We had a long conversation and made a decision that we would have children at different times so that one person would stay in the business to allow the other to take the time out they needed," Kelly said.

"Of course, you can't plan this thing perfectly, but we were fortunate enough that it kind of happened that way." 

Morgan was the first to have her baby and returned to work after a couple of months off, and Kelly gave birth six months later. 

A month after having her now nearly two-year-old son, Kelly returned to work and Perci Health has continued to grow ever since.

'Whether it was NHS or private care -  I saw the same problem'

Despite Perci Health being a virtual care clinic, Kelly's career background had nothing to do with app development - she started out in the NHS. 

One of the roles she had was helping people with cancer eat and drink while receiving treatment.

Working mostly with people with head and neck cancer, she supported them with tube feeding and their rehabilitation back to solid foods. 

After working in a similar area in private healthcare, she realised all cancer patients were experiencing the same problem.

"There was a universal experience at the end of treatment where you would have your final review with your cancer nurse or oncologist, and they would say 'see you again in six months or 12 months time'," Kelly said. 

"Patients would come back into our follow-up clinics with all sorts of problems they had been living with for six months or 12 months and no one was really managing them.

"They had just be grinning and bearing it, thinking it was just par for the course after having cancer." 

She decided to come up with an idea that would connect people living with cancer with professionals who could provide long-term support and optimise their wellbeing. 

Male investors in a male-bias sector 

With a plan in mind, she reached out to her friend Morgan, who had a background in digital marketing, and the pair got started working weekends and evenings to build their company.

When COVID hit, they made the decision to "just go for it", quit their jobs and put all their focus on the business. 

Their first round of funding came from family and friends, raising £500,000, which gave them enough to pay themselves a reduced salary and hire a small team. 

But more funding was needed, and they started reaching out to investors. 

With Kelly's clinical experience, the issue she was trying to solve in the health care sector seemed "obvious", but the first hurdle she faced was convincing others that it was "important enough to solve". 

"The challenges seemed very obvious to us, but they might not necessarily be obvious to investors, and I think that is particularly true if you're solving a problem that affects women," she said. 

"The majority of investors are still male... and when you are trying to describe yourself as a technology company, then sadly there is still a male bias in that sector."

"I'm really sad to say that it's kind of the old-fashioned things you think of, like a lot of them sell on the golf course or over lunch or going shooting, and we don't get invited to golf or to shoot. 

"You don't get many female-owned technology businesses, so that was a barrier." 

Pregnant, pitching and spotting red flags 

While meeting potential investors, Kelly was heavily pregnant and was "nervous" to explain her situation out of fear it would put them off investing. 

"When I had my first conversation with our now lead investor, I was 38 weeks pregnant, so we just did all the conversations on Zoom," she said. 

"She called and said 'we'd like to invite you in to meet the team and do a formal pitch. Can you do it next week?' and obviously I had to tell her I was heavily pregnant. 

"She could tell I was nervous about telling her... but she said she was sorry that I had to explain myself, and we could just delay the pitch. 

"We pushed it back about six weeks, but not all investors are that understanding, which is why I was so nervous to explain it." 

Unfortunately, Kelly said she was "definitely asked" in the early fundraising rounds if she was planning to have children. 

"The feedback from male investments clubs was that women don't know how they feel and may not return to work after having a baby or their motivation to run a business may change," she said.

"Early on, we were just looking for investment and we would have taken any partner, but now these are the red flags that we look for.

"There is some definite progress to be made."

In total, Kelly has raised £5m and still owns 40% of Perci Health. 

All the challenges

Away from the challenge of fundraising, Kelly also had to deal with life as a new mum, which brought its own challenges as a business owner. 

She explained how having children early in the company's life meant it was still "relatively fragile" and there wasn't the chance to take maternity leave knowing her job would be safe when she returned. 

"There was a bit of a juggle with that and needing to go back to work very quickly after the baby was born, and then the other challenge is childcare," she said. 

"You don't want to be taking too much money out of your business and you're rewarded with equity rather than a salary - but of course, equity doesn't pay for childcare." 

Kelly also found there was an "underestimation" of her abilities from male investors, and it was something she noticed in the choice of language used to describe her. 

"I believe women business owners are underestimated and that is evidenced by the fact that less investment goes to us, but there's research that shows women-owned companies are more profitable," she said. 

"The language they use is interesting. For example, I'm often described as a conservative CEO within the portfolio because I'm focused on financial preservation... but would my male counterpart be seen as such or would he be seen as having optimal control?" 

Kelly's advice

Kelly's top tip is to find a business partner, possibly even two, that can help your business grow. 

"Building a business alone would be significantly harder," she said. 

"Co-founders just help ease the burden when one of you needs to take time out, so find yourself a good business partner." 

She also recommended taking "a lot of time" to build a "strong network", which she said would help "protect you as your business grows". 

"There are a lot of female entrepreneurs or female business networks that are great. Morgan and I are members of lots of them," she added. 

"It's amazing how the amount of advice and support that we have been given for free from other women just wanting to help." 

She said it was important to have a "really thick skin and to be very persistent". 

"Even in the very best businesses, you get those 100 no's before you get that one yes," she added. 

Morrisons is offering shoppers a free jacket potato with Heinz Cheesy Beanz for the next fortnight.

The supermarket chain has joined forces with Heinz to bring back the popular "ask for Henry" initiative which began in 2022 to help people with financial costs during the cost of living crisis.

The complimentary dish is available every day at Morrisons cafes across the country and allows a customer one free jacket potato and beans per day. 

There is also no minimum spend required.

But customers will need to use the discrete phrase "ask for Henry" in order to receive it.

The offer ends on 14 July.

Nike plans to launch a cheaper trainer line in an effort to boost sales.

The sporting company's new range will be priced at around £79 or less and will be available in stores across the world, according to Reuters.

Nike has seen sales growth slow as it battles competition from Adidas, as well as the likes of On and Deckers' Hoka brand.

Last Thursday the company reported a sales decline in its latest quarter. 

Nike shares also slumped last Friday, ending the day down 19.98%, the biggest one-day percentage drop in the stock's history.

"This is likely a bid to secure some more price-sensitive consumers," GlobalData analyst Neil Saunders said.

Some NatWest customers with paid-for accounts have experienced a big change to their current account fees in the last few days.

The bank hiked the fee for its Reward Black account from £31 to £36 per month as of 28 June - an extra £60 per year.

Perks of the account include UK and European car breakdown cover, access to more than 1,000 airport lounges and worldwide family travel insurance.

For those with a Reward Platinum account, the fee has gone up to £22 from £20, equating to £24 extra throughout the year.

NatWest said increasing insurance costs were one of the drivers behind the fee increases, as well as the claim rate being reported by third-party providers.

It said it had previously frozen the cost of the accounts for five years.

People who hold silver or platinum club accounts with Lloyds are also experiencing a change to their fees from this week.

Club Lloyds Silver now costs £11.50 a month, up from £10 previously, while the platinum account has gone up from £21 to £22.50 a month.

Anyone looking to avoid the fee hike can downgrade their account to a free account or one with a lower payment. There's also the option to switch to another bank.

Basically… income tax is a levy on the annual earnings of a person or business.

It's the single most important source of revenue for the Treasury, accounting for about a quarter of total tax revenue.

The tax was first introduced by former prime minister William Pitt in 1799 to help pay for the Napoleonic wars.

It was abolished in 1816 but reinstated in 1842 – and has remained a part of the British tax system ever since.

What do I pay income tax on?

If you're employed, you'll pay tax on your annual income if you meet the earnings threshold (more on that later).

Self-employed people pay income tax on their profits, including from services sold through websites or apps.

Income tax can also be levied on other earnings including:

• Some state benefits
• Most pensions, including state pensions, company and personal pensions and retirement income
• Rental income, unless you're a live-in landlord
• Job benefits
• Income from a trust
• Interest on savings over your savings allowance

How much do I have to pay?

The amount of income tax you pay each year depends on how much of your earnings is above your personal tax allowance, and how much falls within each tax band.

Currently, the personal allowance sits at  £12,570  - that's the amount of income you  don't  have to pay tax on.

The threshold has been frozen since April 2022 and is set to remain at the current level until 2028 under plans announced by the Conservatives (Labour have not made any noises about changing this).

Combined with inflation, frozen tax thresholds can lead to something called "fiscal drag" - sometimes referred to as a "stealth tax" - when more people are dragged into paying tax for the first time or paying a higher level of tax.

We've more on that in a previous post from our Basically series...

Different tax bands determine what proportion of your income will be taken as tax each year (these are for England, Wales and Northern Ireland):

• Personal allowance  - if you earn  up to £12,570  you'll pay  no  income tax
• Basic rate  - you pay 20% tax on earnings between  £12,571 and £50,270
• Higher rate  - for earnings between  £50,271 and £125,140 , it's  40%
• Additional rate  - income of  £125,141 or more  attracts a  45%  tax rate

Scottish income tax bands differ slightly, with the addition of a starter rate, intermediate rate and top rate. Outside of the basic rate, the proportions also differ. You can read more about these on the Scottish government website  here .

How is the tax paid?

The majority of people will pay income tax through PAYE (Pay As You Earn) - the system employers and pension providers use to deduct income tax and national insurance contributions before wages hit bank accounts. This money goes directly to HMRC.

The amount paid is determined by a tax code - more on those in our explainer here...

If you're self-employed earning more than £1,000, or you're a very high earner, you'll likely have to pay tax through self-assessment which is done once a year.

Self-assessments are also needed if you earn over £2,500 from other untaxed income, such as tips or renting out a property.

What does the government spend income tax on?

As we mentioned previously, income tax is the biggest sources of revenue for the government, with the Office for Budget Responsibility predicting it'll raise a whopping  £302.7bn  in the 2024-25 tax year - up from £279.2bn the previous year.

It's not known exactly how the income tax portion of its revenue is spent, but overall, about two-thirds of the government's "day-to-day" spending goes on public services, such as the NHS, schools and prisons.

Around a quarter of all spending is on social security, such as Universal Credit and the state pension.

Read other entries in our Basically series...

We feature a lot of data on the changing prices of houses in the UK, but how do they compare to the rest of the world?

New data shows the UK ranked 37th for house price growth out of 56 countries analysed by Knight Frank for the Global House Price Index.

At 1.6% up over the year to the end of March, the UK underperformed (with the global average at 3.6%) but outstripped its European neighbours.

Only 11 countries saw prices fall, eight of which were European, with France (-5.2%) and Germany (-3.9%) feeling the effects of slower economic growth and high recent inflation.

Across all 56 markets, 82% saw annual price growth in the first quarter of the year - the strongest showing since the last quarter of 2022.

"Many markets are suffering from a lack of properties to sell as well as slow new-build delivery, leading to relatively healthy demand pushing prices to new highs," said Liam Bailey, Knight Frank's global head of research.

"In the longer term, however, only lower debt costs will sustain price growth."

With a 52% price increase, Turkey was at the top of the table by a huge margin - 36 percentage points - but there's more to this figure than meets the eye.

Consumer Price Index inflation in Turkey has risen 50% in the year to March, meaning in real terms house prices have actually fallen by 9.9%.

Recently we reported on how Barcelona had cracked down on tourism by planning to abolish short-term holiday lets . 

The Spanish city has now gone further in its war on overtourism by banning the display and sale of "offensive" souvenirs. 

It says sexist and homophobic messages on some souvenirs are tarnishing Barcelona's image. 

The ERC's deputy spokesperson Jordi Coronas said the ban included products such as "penises with the Barcelona brand, T-shirts with sexist or homophobic comments, or simply comments that, when displayed on these products, devalue Barcelona". 

Ahead of our Q&A, switching service Uswitch provided us with a list of what it considers the cheapest energy tariffs on the market right now.

It's worth reading the advice from Which? in our Q&A below (see 15.02 post) before deciding to switch from a standard variable tariff (that's what most households are on) - but if you're aware of the risks, then cheaper energy is available...

A big thanks to all those who submitted a question for our Q&A on the day the energy price cap fell - and sorry if we didn't get to yours.

A big thanks also to Emily Seymour, Which? energy editor, and Kate Mulvany, a principal consultant at Cornwall Insight, for tackling 10 of your questions so thoroughly.

Scroll down to read through their answers.

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