Starting a Security Company
While a lot of people focus on starting a corporate company, others tend to think in a different direction. They aim to start a security company. Starting a security company is a bit different from an ordinary company. In this article, we will discuss how to get your security company in action.
A person starting a security company should preferably have a background in the same field. There are a lot of knowledge and skills that goes into starting a security company. You can either chose to provide a security service or to sell security goods. In both these lines, you will have to be educated in the different equipment that is used by security professionals and be able to give advice to other people in the same profession. You can even combine the two types of security companies if you would wish to do so.
In order to start a security company you will need to register with the Private Security Regulatory Authority (PSIRA). This is one of the governing bodies of private security companies in South Africa. You will have to pay a registration fee and complete an exam to determine your competence level.
On completion and passing of the exam, you will have to give proof to SIRA that you have no criminal record. Once they have received the proof and done investigation on it, they will conduct an inspection to establish whether or not your business meets the infrastructural requirements. You will also be held liable for the cost of the inspection. This inspection will then be done on a yearly basis to keep track of your business and you will also be responsible for paying the fees involved for the inspection annually.
Depending on the type of Security Company you are starting, you will have to have a decent amount of capital available. The equipment that is used in the security industry is normally on the high end when it comes to prices. So remember to include this when you are drawing up a budget for your company.
You may not always think it is necessary, but the importance of a business plan cannot be stretched enough. A business plan will force you to think about your business’s future and to where you are headed with your business. You will then also need to determine how you will get yourself in the market and how you will get your name out there. A business plan is of utmost importance to any business.
There have been quite a number of associations established in order to regulate the security industry. Mentioned below are some of these bodies. Membership of these bodies is not compulsory, but it will be to the advantage of your business. These associations are:
- Security Association of South Africa (SASA). Their membership is open to companies offering any type of security service in South Africa.
- Electronic Security Distributors Association (ESDA). This is an association that imports and distributes electronic security equipment.
- Safety & Security Sector Education & Training Authority (SASSETA)
- South African National Security Employers Association (SANSEA). This is one of the associations for employees in the security industry.
- South African Intruder Detection Services Association (SAIDSA). This is the type of association that provides alarm monitoring and armed response services.
During an interview I had with a security company owner, I was informed that the clients in the private sector do not tend to be picky when it comes to prices. They look at the reputation of a security company and determine which security company they will use according to their findings – no matter to what it will amount for them. He also mentioned that the more professional your security team is, the more likely you will be to get clients that hire you for security details.
In conclusion, remember that you will have to plan your security company thoroughly and you will need to be prepared to put a lot of time and effort into starting your company. Once your company is up and running, you will realise that all the trouble and planning were worth it.
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