This article will focus on Australia, but the information contained in it could help even if you are outside Australia. So sit and enjoy this rear gem of an article and be on your way to owning a security company/business.
Starting a new security business in Victoria, Australia, can be daunting and challenging. Yes, it is easy to find information on how to obtain the Private Security Business License on the Victorian Police website or any other website. But getting the Private Security Business License is not as easy as it seems.
There is a lot of paper works involved, a lot of sub-application, registration to be done with other different Government agencies and departments. There are few meetings and appointments you will have to hold before you even submit your application form. Sometimes that sub-application could be with Overseas Governments (if you had lived overseas), private companies and businesses.
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A respected security professional in Victoria (names withheld) charges up to $15,000 to set up a Private Security Business for his clients, that includes license and website, documentation etc. I believe that fee may be expensive to some. But after setting up a private security business myself, I realise it is time-consuming and requires a lot of information, documentation and understanding of the process. And if you are not tough enough it could be frustrating, due to so many bottlenecks, delays and sometimes outright silence from some of the department you will be dealing with.
I would like you to note; you don’t just set-up and get a private security business license within weeks. In my case, because I choose to do it alone and I was a novice. I started the process in January and finally got my private security business license in August.
Getting the license is different from setting up a security business. I once found a company that was selling its security business license for $20,000. Just the license alone.
Setting up a security business and obtaining a private security license are two distinct processes. And it is time-consuming and challenging.
But one thing I like to assure you is, you can do it, it is possible. All you need is lots of free time in your hands, lots of research, patience, dedication, passion and be willing to learn along the way.
One of the purposes of writing this article is to help you with the basic information that you might need for a start. So, it doesn’t take you 8 Months as it took me. At a point, I almost got denied the License due to naivety and a few mistakes I made in the process.
Also, you must ask yourself a few Questions before you start:
The reason I want you to ask yourself a few hard questions is; any venture you start in life with genuine intent, passion and dedication, you are likely to last longer, succeed and stand in the face of adversity that may come your way. Many people start particular ventures because they are bored, or because someone is doing it, or maybe they believe money is in it. Sometimes even with such intent, they succeed. But on most occasion, they give up, the business folds up, or they don’t find happiness in what they are doing. Why so? because the basic fundamental principles of starting that venture might not be there, as the passion is lacking so is the will to sustain the business.
Whatsoever is the reason for starting a private security business; I would like you to know something, put your heart and mind in it and go for it.
Now starting a security business maybe, a daunting task; but how do you begin a ‘successful’ security business? You have to understand that the security industry is an already saturated industry, there are old players in the game who have cornered all the security jobs, contracts and they have created a brand name.
Now, how do you create a niche for your business? How do you compete against these established players?
Security Industry is one Industry where you find so many people start a business, and they fold up as fast as Usain Bolt.
Some of the reasons why they fold fast?
We have spent a considerable amount of time researching, consulting with other specialist business consultants, and we have come to discover formulas on setting up a successful security business. After making this discovery, we were tempted to write a book about it, like our published security book (Security Adventure Service). But we felt that would not benefit as many people as it could.
Take note we run a security guards hire and consulting business. So, the information we will be providing here today is to give you a headwind start, so you start better than we did and succeed even more!
Company Name: First think of a company name you would like for your security business. You have to understand we are in a digital age, so you must come up with a creative name that will also serve as a keyword for your business. Gone are the days most businesses were like ‘Jonas & Sons Security Company.’ If you happen to get your security company name right, the more likely you are to stay competitive and succeed.
Company Logo: Think of what you would like included in your security company logo. If you can’t think of anything, then ask the logo designer to present some few design options to chose from.
Pricing: This is one of the most challenging parts, setting up the correct pricing for your business clients. Make sure you get it right from the get-go.
Company Colours: Think of what colour you would like to see your security guards’ uniforms, cars in. Decide on something that might be unique just to your business or something that could be easy to purchase but also stands out from the rest.
Business Plan: Try and write a business plan, what you aim to achieve, and how you think the business will run and be like in a few years.
SOP: Try and get a Standard Operating Procedures for your business and employees
ABN/ACN: Get an ABN or ACN number depending on the kind of business model you would like to start with.
Cert IV: It is good to have Certificate IV in Security and Risk Management, but if you don’t have that, that shouldn’t be a problem. Make sure you have Cert II in Security (unarmed guard) and at least been in the Security Industry for up to five years. If you don’t have either of those, then register and be a member of ASIAL or any recognised security Industry body in Australia and that should do.
Registered for GST: Register your business for GST, either from the get-go, or later on when you cross a certain income threshold.
National Police Check: You will need to apply for a National Police Check. If you haven’t been fingerprinted before, you will have to be fingerprinted, and Police Checked. National Police Check/Fingerprint should be one of the first things done before filling up the forms.
Also, you must provide a copy of Police Clearance Certificate from each Country you have lived in for more than 12 months in the past 10 years.
Fill Up Application Forms: Go to the Victorian Police website and get the forms, register in their ePortal; all application will be submitted via online.
Business Viability: Evidence of financial viability and declaration by a Chartered accountant
Newspaper Add: A Newspaper add will have to be do done, seven days after you have submitted your applications forms on a state-wide daily.
Sub Contracting: Start networking with more prominent security companies and see how you can be their sub-contractor. But only do that once you have been issued with a copy of your security business license.
Eligibility: If you have been Insolvent, bankrupt or had any conviction or criminal records in the past five years, you may be refused private security business license. Also, if you held a Private Security License that was cancelled, suspended or denied renewal, I will suggest you contact the Private Security Licensing Department and inform them of your situation.
Suitability Reference: (Medical Doctors, Accountants etc.)
Residency: You must be a Citizen, Permanent Resident or hold a Visa that permits you to start a business in Australia.
Competency Requirements: You must show you are competent to run a security business (Resume, Business Plan, SOP, Training Course)
Employer Responsibility: Stating you understand your responsibility to pay employees the right wages, superannuation, taxes, Insurance etc.
Evidence of Public Liability Insurance: Certificate of Currency with the listed sub-activities on the License application. Take note using only insurance companies that are specialist in the security industry, if not they will charge you astronomical fees that you can’t afford.
Reference Certifying Identity Documents: Identity documents and copies must be certified by your reference.(Passports, Evidence of Residency, Birth Certificate etc.)
Payment Notice: Payment notice will be sent once the application has been submitted
So many factors have to be considered first; such as the scale of the security company, the location of the security company. Whether you are starting from home or you want to rent a security office. You may also ask yourself whether you will be using the services of payroll officers, marketing companies, web developers etc.
I will put it this way, if you will be requiring the services of other experts then you should have at list $20,000-45,000. If you will be doing most of the accounting, marketing, SEO web development stuff yourself, then around $12,000 should do.
As I said, there are categories of security companies; but a proper professional startup security company, the above should be your cost. You don’t necessarily need to have the whole cash at once, you could be injecting the cash little by little to get to that amount.
We can help cut all these long processes short for you. If you are unable to set up your security business/license due to time constraints, some challenges or you want it done professionally. Contact Security Concepts Services for consulting. We promise to help set up your business, help fill paper works, website build, designs, advanced marketing strategy, contents writing, SOP, Business Plan and other business documents. Take note we don’t take corners we do it cleanly and professionally!
Why you may require our services? We will provide all the services under one roof, we will also help with documents like Business Plan, SOPs and other documents that could cost you lots of money to get them separately.
Our Promise: We will help you get your license within 6 weeks to 12 weeks. And you should be able to go for security contracts within 2 to 3 months after(we will help you with the process and materials you will need).
Conditions: You must have a smooth record to obtain the license and you must be prepared to work with us in the process to achieve this timeline.
Send us an email today and learn of our security business and license package, we only charge a fraction of what other agency charge and we will deliver a far superior service and result for you in a short time frame.
Please check the following links for details of how to obtain security business license in each
Also, check out our blog ‘ Easy steps to become a private security Guard.’
If you require other security guarding services or security consulting services please contact us Today.