A step-by-step guide to building a successful security company

Thursday 27 July 2023 - Toby Mortaro

Starting your own business is a daunting task, one that requires a lot of well-thought-out decisions and a solid business plan–among other things. Simpro will take you through a step-by-step guide on how to start a security company, the requirements to create a security company, startup costs and even some marketing strategies to get you on your feet.

You’ve probably got questions and thoughts such as is starting a security company a good idea? And how much does it cost to start a security company? Let’s start from the top and take a look at answering those questions.


How much capital do you need for a security company?

This is such an important step when thinking about starting a security company, or any company for that matter. It requires considerable capital investments to cover start-up costs, such as equipment and personnel salaries, as well as ongoing operating costs. On average you’re going to need between 10K and 50K to start your business. When determining the necessary capital investment for your business, it’s essential to consider both start-up costs and ongoing operational costs. Start-up costs are those associated with establishing the business and getting it off the ground, such as purchasing equipment or hiring personnel. On the other hand, ongoing operating costs cover regular expenses like payroll, rent and insurance.


Breaking Down the Types of Security Services

Everyone wants to feel safe and secure, whether it’s at home, in the gym or at work. And with all the different types of technology at our fingertips, there are a variety of different security services available. When thinking about how to start a security company, you want to make sure you’re aware of the different types.

When it comes to the different types of security to choose from, statistics show that 61% of private security companies in the US offer alarm monitoring systems or surveillance cameras. Alarm monitoring involves installing sensors throughout the premises that are connected to a central control panel, which monitors them for any signs of intrusion or unauthorised access. These alarm systems are programmed to alert local authorities or contact the owner directly when triggered. Probably one of the most common forms of security service, as nobody wants to get home or into work and find they’ve had an unwanted guest.

This feels like a no-brainer when starting a security company, but with video surveillance, you can take security one step further. With the rising popularity of baby cams and Ring doorbell systems, people want to be able to see everything, at any time, which is possible now more than it ever has been. Within a commercial space video surveillance is often monitored by trained staff, as well as ? recorded, should the footage need to be played back. From a residential standpoint, it just gives customers additional peace of mind for their security. Surveillance cameras are often used alongside other security measures such as motion sensors and alarm systems for added protection.

Access control systems are another popular form of security service. That involves limiting access to certain areas with electronic locks or keypads that require codes or credentials.

There's also the option of using fob or keycard access. They’re a lot more commonly used within business settings. However, it’s not entirely unheard of within residential buildings.

By getting to grips with a few different security services and understanding their requirements, you’re one step closer to starting a security company.