how to write a security business plan

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.

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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

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

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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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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

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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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Cyber Security Business Plan Template

Written by Dave Lavinsky

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

If you’re unfamiliar with creating a cyber security 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 cyber security business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is a Cyber Security Business Plan?

A business plan provides a snapshot of your cyber security business 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 Cyber Security Company

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

Sources of Funding for cyber security Businesses

With regard to funding, the main sources of funding for a cyber security business 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 cyber security companies.

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How to write a business plan for a cyber security business.

If you want to start a cyber security business 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 cyber security 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 cyber security business you are running and the status. For example, are you a startup, do you have a cyber security business that you would like to grow, or are you operating a chain of cyber security businesses?

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

• Give a brief overview of the cyber security industry.
• Discuss the type of cyber security business 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 cyber security business you are operating.

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

• Remote security center services : This type of cyber security is focused on providing comprehensive security for networks and devices remotely from a main control center.
• Cloud security services . As more businesses turn to storage in cloud platforms, this type of service protects the data of clients from being utilized by others in that platform.
• Vulnerability scan & management: This service screens client devices and network systems remotely on a monthly maintenance basis.
• Endpoint security services: This service is dedicated to the mobile and end user devices in corporate offices; protection for computers is not included.

In addition to explaining the type of cyber security business 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 security breaches determined, the amount of revenue earned, or reaching X number of clients served, 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 cyber security industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the cyber security 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 cyber security business plan:

• How big is the cyber security 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 cyber security business? 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 cyber security business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: government contractors, for-profit corporations, securities businesses, private security services, and individuals.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of cyber security business you operate. Clearly, government contractors would respond to different marketing promotions than individuals, 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 cyber security businesses.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. Software companies, home or office hardware, and remote alarm services  may be examples of indirect competitors. You will want to mention any direct competition, as well.

For each direct 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 cyber security business are they?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regard 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 provide discounts for major government contractors?
• Will you offer scan protection and management 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.

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Marketing plan.

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

Product : In the product section, you should reiterate the type of cyber 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 in-person and remote cyber security services for major corporations or will you offer compliance solutions for select clients?

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 cyber security company. Document where your company is situated and mention how the site will impact your success. For example, is your cyber security business located in a professional business district, a quiet corporate area, a standalone building or a remote, unnamed location? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your cyber security 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 trade magazines
• Reach out to websites
• 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 cyber security business, including answering calls, planning and providing scan management, responding to emergency situations, billing clients and assisting with computer equipment, etc.

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

Management Team

To demonstrate your cyber security business’ 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 cyber 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 cyber security business or successfully running a data management business.

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 increase customer retention by 20% quarterly, offer reduced pricing for hardware maintenance contracts, or offer discounted packaged pricing for multiple services? 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 cyber security business, 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 cyber security business:

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

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 the cyber security credentials of the CEO and COO or a list of client contracts.

Writing a business plan for your cyber security business 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 cyber security industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful cyber security business.

Cyber Security Business Plan FAQs

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

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

How Do You Start a Cyber Security Business?

Starting a Cyber Security business is easy with these 14 steps:

• Choose the Name for Your Cyber Security Business
• Create Your Cyber Security Business Plan
• Choose the Legal Structure for Your Cyber Security Business
• Secure Startup Funding for Your Cyber Security Business (If Needed)
• Secure a Location for Your Business
• Register Your Cyber Security Business 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 Cyber Security Business
• Buy or Lease the Right Cyber Security Business Equipment
• Develop Your Cyber Security Business Marketing Materials
• Purchase and Setup the Software Needed to Run Your Cyber Security Business
• Open for Business

Where Can I Download a Free Business Plan Template PDF?

Click here to download the pdf version of our basic business plan template.

Our free business plan template pdf allows you to see the key sections to complete in your plan and the key questions that each must answer. The business plan pdf will definitely get you started in the right direction.

We do offer a premium version of our business plan template. Click here to learn more about it. The premium version includes numerous features allowing you to quickly and easily create a professional business plan. Its most touted feature is its financial projections template which allows you to simply enter your estimated sales and growth rates, and it automatically calculates your complete five-year financial projections including income statements, balance sheets, and cash flow statements. Here’s the link to our Ultimate Business Plan Template.

Don’t you wish there was a faster, easier way to finish your Cyber Security business plan?

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.  

Click here to see how a Growthink business planning consultant can create your business plan for you.

Other Helpful Business Plan Articles & Templates

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.

Related Business Plans

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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.

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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

More on Security

How To Write A Business Plan (2024 Guide)

Updated: Apr 17, 2024, 11:59am

Table of Contents

Brainstorm an executive summary, create a company description, brainstorm your business goals, describe your services or products, conduct market research, create financial plans, bottom line, frequently asked questions.

Every business starts with a vision, which is distilled and communicated through a business plan. In addition to your high-level hopes and dreams, a strong business plan outlines short-term and long-term goals, budget and whatever else you might need to get started. In this guide, we’ll walk you through how to write a business plan that you can stick to and help guide your operations as you get started.

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Drafting the Summary

An executive summary is an extremely important first step in your business. You have to be able to put the basic facts of your business in an elevator pitch-style sentence to grab investors’ attention and keep their interest. This should communicate your business’s name, what the products or services you’re selling are and what marketplace you’re entering.

Ask for Help

When drafting the executive summary, you should have a few different options. Enlist a few thought partners to review your executive summary possibilities to determine which one is best.

After you have the executive summary in place, you can work on the company description, which contains more specific information. In the description, you’ll need to include your business’s registered name , your business address and any key employees involved in the business. 

The business description should also include the structure of your business, such as sole proprietorship , limited liability company (LLC) , partnership or corporation. This is the time to specify how much of an ownership stake everyone has in the company. Finally, include a section that outlines the history of the company and how it has evolved over time.

Wherever you are on the business journey, you return to your goals and assess where you are in meeting your in-progress targets and setting new goals to work toward.

Numbers-based Goals

Goals can cover a variety of sections of your business. Financial and profit goals are a given for when you’re establishing your business, but there are other goals to take into account as well with regard to brand awareness and growth. For example, you might want to hit a certain number of followers across social channels or raise your engagement rates.

Another goal could be to attract new investors or find grants if you’re a nonprofit business. If you’re looking to grow, you’ll want to set revenue targets to make that happen as well.

Intangible Goals

Goals unrelated to traceable numbers are important as well. These can include seeing your business’s advertisement reach the general public or receiving a terrific client review. These goals are important for the direction you take your business and the direction you want it to go in the future.

The business plan should have a section that explains the services or products that you’re offering. This is the part where you can also describe how they fit in the current market or are providing something necessary or entirely new. If you have any patents or trademarks, this is where you can include those too.

If you have any visual aids, they should be included here as well. This would also be a good place to include pricing strategy and explain your materials.

This is the part of the business plan where you can explain your expertise and different approach in greater depth. Show how what you’re offering is vital to the market and fills an important gap.

You can also situate your business in your industry and compare it to other ones and how you have a competitive advantage in the marketplace.

Other than financial goals, you want to have a budget and set your planned weekly, monthly and annual spending. There are several different costs to consider, such as operational costs.

Business Operations Costs

Rent for your business is the first big cost to factor into your budget. If your business is remote, the cost that replaces rent will be the software that maintains your virtual operations.

Marketing and sales costs should be next on your list. Devoting money to making sure people know about your business is as important as making sure it functions.

Other Costs

Although you can’t anticipate disasters, there are likely to be unanticipated costs that come up at some point in your business’s existence. It’s important to factor these possible costs into your financial plans so you’re not caught totally unaware.

Business plans are important for businesses of all sizes so that you can define where your business is and where you want it to go. Growing your business requires a vision, and giving yourself a roadmap in the form of a business plan will set you up for success.

How do I write a simple business plan?

When you’re working on a business plan, make sure you have as much information as possible so that you can simplify it to the most relevant information. A simple business plan still needs all of the parts included in this article, but you can be very clear and direct.

What are some common mistakes in a business plan?

The most common mistakes in a business plan are common writing issues like grammar errors or misspellings. It’s important to be clear in your sentence structure and proofread your business plan before sending it to any investors or partners.

What basic items should be included in a business plan?

When writing out a business plan, you want to make sure that you cover everything related to your concept for the business,  an analysis of the industry―including potential customers and an overview of the market for your goods or services―how you plan to execute your vision for the business, how you plan to grow the business if it becomes successful and all financial data around the business, including current cash on hand, potential investors and budget plans for the next few years.

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B2B Marketing In 2024: The Ultimate Guide

Julia is a writer in New York and started covering tech and business during the pandemic. She also covers books and the publishing industry.

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small Business where she served as an editor and strategist covering small business marketing content. She is a former Google Tech Entrepreneur and she holds an MSc in International Marketing from Edinburgh Napier University. Additionally, she is a Columnist at Inc. Magazine.

Enterprise Planning: 6 Steps to Creating a Security Plan that Works

Significant events spark change.

Just as the invention of the computer revolutionized technology in the workplace, the COVID-19 virus and its related complications were no exception to this pattern, pushing thousands of companies to embrace remote work. A recent report by Global Workplace Analytics shares that while only 3% of the U.S. workforce worked remotely (at least half the time) before pandemic-related changes, an estimated 25-30% will work from home multiple days a week by the end of 2021.

This overnight evolution brought new security concerns to enterprise organizations. Dispersed teams require increased reliance on technology and mobile IP. Consumers turned to e-commerce and home deliveries over shopping in-store, and those who did unintentionally posed increased security risks as mask mandates made it challenging to identify shoppers and prevent potential theft.

No matter what industry or niche your enterprise services, having a workable security plan in place helps protect your data, products, and team better. Here’s a practical, six-step process to help you ideate, create, and implement the security plan you need to help your senior security officer sleep at night.

1. Analyze Your Security Needs

You can’t protect what you don’t know needs guarding. Before you can start developing, implementing, and measuring the effectiveness of your security plan, you need to understand your business, and the information that needs to be secured, and the associated risks that come from not protecting it.

Know your business

The first step in creating an effective security plan is to understand what products’ or information must be secured. Determining what needs to be protected requires a deep understanding of your enterprise. Where it has been, where it’s going, and where it will be in the future all come into play during the security planning phase as you consider revenue sources, client information, leadership goals, existing IP, expansion plans, and more. Questions like “do you have remote employees who need a secure network connection?“, and ”do your high-value products need better in-person support to keep them safe?“ help identify areas of need.

Assess existing risk

Once you know what your corporate security policy will protect, understanding risk early in the planning process helps establish benchmark metrics for success and set a foundation for additional or expanded goals down the road. A thorough risk assessment gauges how much damage an incident or other unforeseen force could do if and when it occurs. Thinking through these worst-case scenarios helps create a realistic security plan, so you’ll be better equipped to respond when the real threat comes.

2. Make a Security Plan

Once you have an understanding of the data that needs protecting and your current risk, you’re ready to create the policies and procedures that form a well-rounded security plan. The risk assessments conducted during the planning phase are invaluable as you determine the specific areas of risk each policy should address. From remote access and password sharing to in-person fraud prevention, each aspect of your security plays a vital role in either protecting the others or leaving them open to vulnerabilities.

If just one security policy or procedure leaves room for error, you leave your enterprise vulnerable to an overall break or larger incident. No company is too small to be targeted , and according to Forbes, every company likely will be at some point. Some points to consider as you make your security plan:

• Research how other companies in your industry successfully handle sensitive data or inventory.
• Ask questions and get feedback throughout the planning process to prevent unintentional blind spots.
• Work within relevant standards (HIPAA, GLBA, etc.) to ensure compliance.
• Set clear standards for handling sensitive data, IP, brick-and-mortar security, etc.
• Have a security officer designated to support and enforce the policy and conduct audits and corrective action when needed.
• Be open: your security policy will need regular updates as your team grows and compliance changes.

After you’ve developed solid policies to make up your security plan, get it in writing and have all employees sign it after they have completed training. This gives employees a clear point of reference by outlining proper security protocols and provides supporting evidence for correction if a policy is violated.

3. Get People on Board

While your team is your greatest asset and the driving force behind continued success, they can also be your biggest security vulnerability if they don’t understand your security plan and how to follow it. Developing a security-first culture—especially in a fully-remote or hybrid workplace —means focusing less on the tech and infrastructure and more on how you can reinforce team members’ behaviors and habits to best protect your data. Employees often unintentionally place your products or information at risk, from falling for phishing scams and compromising passwords to using employee discounts for too many family members and friends.

These types of accidental violations can be thoroughly mitigated through security awareness training . Learning to create a strong password and set boundaries with purchasing are two great examples. As your policies change or expand, continued education helps keep your security plan optimized by making sure your team is properly trained at all times. Once they’re equipped to handle data safely, they’ll also be more ready to help minimize larger incidents when they inevitably happen.

4. Define and Address Incident Response

Incident response should be a collaborative process—not a defensive, last-resort action like many companies think. Outlining how your enterprise and teams define, assess, and respond to an incident or breach is perhaps the most powerful tool in your security plan arsenal.

Your incident response should answer several important questions:

• How can we best prepare for potential incidents?
• What should breach or incident reporting and assessment look like?
• Who will handle incidents when they happen?
• How can we learn from breaches to prevent future incidents?

Asking—and answering—these questions before an incident occurs not only helps you be more prepared when a breach occurs but can actually lessen the chances of a potential breach or incident occurring.

5. Implement Your Security Plan

You’re ready to put your security plan into action—but even the best security policy will fail without full team support and stellar incident response protocols. The easiest way to help your team follow your security policy? Keep it simple , and make it specific. Clear communication, regular security training, and dedicated security professionals empower your team to keep your data safe.

As you implement your new security policy, keep in mind that new regulations are rarely perfectly enforced—especially at first. No one is perfect, and accidental errors are inevitable. Give your team a grace period and offer warnings and corrections instead of penalties as you learn safer security practices together. Encouraging your team members and thanking them for their efforts to support and enforce your policy are the final steps in making your security plan work.

6. Don’t Go It Alone

You’ve developed, created, and implemented your security plan. But that doesn’t mean your work is done. Partnering with a risk management company to augment and support your IT and security team protects your products, systems, and information today and tomorrow. As your team scales and needs evolve, laying the groundwork for adequate continued security gives you the confidence you need to move forward safely and securely.

At Resolver, our sophisticated, easy-to-use solutions are designed to help your growing enterprise reach new heights. Whether you need improved corporate security, best-in-class risk and compliance, or experienced IT management, Resolver’s technology and data-driven reporting help you drive your business forward. Contact us today to request your demo and see how our solutions can work for you.

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How to Create a Security Plan for Your Business

Businesses in the United States, particularly the small and medium scale, are vital to the economy's growth. As of today, over 56 million jobs in the United States come from these businesses.

Unfortunately, the scale of these businesses makes them a target for theft, vandalism, and other related criminal activities. When these crimes occur, they result in grave losses that could be worth millions of dollars.

To avoid these losses, business owners must develop their security plans to identify their vulnerabilities and make out strategies to keep their companies safe and secure.

This article discusses how you can create a security protection plan to secure all assets in your business.

The Process of Creating a Master Security Plan 

A master security plan is a detailed, long-term strategy that entails all the aspects of security operations in an organization. For such programs to be successful, they must be based on two core principles.

First, it must be in line with your business's strategic plans while combining the best principles for protection and support.

For example, if one of your critical business goals is to value customer relationships, your security plan should include customer safety. As such, you would be looking to protect customer records and information both online and offline.

Second, your business security plan will only work well when it inputs all your business's critical stakeholders. All these people will come together to evaluate security risks and develop a documented plan that they would test, implement and maintain over time.

How Do You Evaluate Existing Security Risks?

To evaluate existing security risks, the management has to go through a series of information gathering. Risk evaluation allows you to plan for any risks using the already existing business security layout.

You will need to work with different leaders in your firm, starting with those at the C-suite and then with the HR manager and other key leaders in your organization. You might also have to do an on-site assessment to see the issues on the ground correctly.

You will be looking for records of theft, corruption, hazards, extortions, and any other security challenges. As you explore these challenges, you should also consider their impacts financially and the impacts on people's safety in your environment. You should also consider how much these risks affect your production schedules, delivery, and your company's overall reputation.  

To get the most out of the evaluation exercise, you must ask as many questions as possible to get all the needed information.

Addressing the Risks with Security System Tools and Equipment

Understanding the risks alone would not do you any good. Your master security plan must also address the needed tools to combat the security risks you evaluated. The following are some helpful tools.

Video Surveillance

Video surveillance cameras are security tools that allow you to record and collect video footage of activities on your business's premises. In many cases, the police would require the footage from these devices as evidence for prosecution. The footage can also help expedite your claims from insurance companies.

Alarm Systems

Monitored alarm systems are essential tools for the safety of your business. They can be security alarm systems and fire alarm systems , and their job is to notify you and the authorities in cases of emergencies and crimes.

Access Control

Access control refers to pass cards, keys, pin codes, or other security technologies that you can use to secure sensitive areas of your business. Using access control tools, you can limit the number of people who have access to certain areas on your premises.  

Staff Training / Monitoring

Training your staff can help reduce the occurrences of crime. The training will cover how they can recognize security threats and deal with them without causing issues for your customers.

Training alone is not enough. You also need to monitor your staff after you have trained them. Aside from the fact that monitoring boosts productivity, it will also reduce the risk of your employees committing crimes.

Contact Koorsen for Your Security Needs!

To learn more about Business Security Plans and how Koorsen Fire & Security can help address security risks, contact your local branch today. At Koorsen Fire & Security, our security experts can help evaluate your business's potential security risks and provide a customized solution to reduce security and safety issues.

Topics: Monitoring , Commercial Security , Small Business Security , Video Surveillance

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Disclaimer: The information in this article is for informational purposes only. It is believed to be reliable, but Koorsen Fire & Security assumes no responsibility or liability for any errors or omissions in the content of this article. It does not constitute professional advice. The user of this article or the product(s) is responsible for verifying the information's accuracy from all available sources, including the product manufacturer. The authority having jurisdiction should be contacted for code interpretations.  

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How to Write a Business Plan Step-By-Step [Free Business Plan Template]

Author: Tania Griffis

May 20, 2024 19 Comments

Learning how to write a business plan is essential for any new business idea. Unfortunately, we’re not all taught this skill in school.

Writing a strong business plan is an art. It involves accurately communicating one’s full potential and market knowledge in a single document. 

Luckily, you don’t need to reinvent the wheel.

I’ve created a concise template for you to write the ultimate business plan, no matter your industry experience. 

Whether you’ve been workshopping startups for decades or starting your first small business, we all start from the same place. 

A killer business plan!

Ready to skip to the good stuff? Download my  free business plan template  and start planning your success. Still, I highly recommend you read on for detailed advice every step of the way. 

Why Write a Business Plan?

I get it; you want to hit the ground running. But a little planning never hurt anyone. In fact, a well-made business plan is one of the key elements in achieving career success. 

A detailed plan can help you narrow in on company objectives, guide business decisions, and determine whether your business is feasible. 

Learning how to write a business plan also has monetary benefits, helping you gain funding, potential investors, loans, and grants. 

A business plan is an excellent tool to refer back to, including growth projections, performance benchmarks, and potential weaknesses in your strategy. 

The best part about crafting a business plan is that it will grow with you, serving as a living resource of all you have and hope to accomplish.

Elements of a Great Business Plan

Beyond formatting standards, there are specific elements that make for a standout business plan:

• Write in concise, easy-to-understand language, avoiding unnecessary fluff.
• Include all relevant documents, demonstrating attention to detail and a well-thought-out business model.
• Demonstrate apparent market knowledge through research and projections.
• Include a mission statement and unique value proposition that makes your business a market standout.

How to Write a Business Plan: 11 Steps to Success

Ready to get writing? Entrepreneurs can use this simple, 11-step process to make their dream business a reality. 

Note that this business plan format is meant for personal planning. It will need some formatting changes before it’s sent to potential investors (more on that later!). 

1. Establish Your Monthly Income Goal

First up, establish your monthly income goal. 

It may sound simple enough, but this goal will inform almost every decision you make in the future.

This short-term goal will also give you and potential investors a peak into long-term success. 

2. Describe Your Business Vision

Next, write a short section describing your business vision. This is also known as a UVP or unique value proposition.

• This is the “what” portion of your proposal. What are the basics of your business? What are you selling? What do you hope to accomplish? 
• This may also include a mission statement, the “why” in your business that makes it stand out from the competition. 

If you’re struggling to land on the right business for you, check out our posts on:

• 40 Small Business Ideas You Can Do From Home
• 24 Creative Business Ideas for Aspiring Entrepreneurs
• 17 Home Businesses You Can Start With No Money

3. Name Your Business

This will either be the easiest or the most challenging step in writing a business plan. First impressions are everything. And your business name will be your forever first impression!

• Choose a business name that best represents you and your long-term business goals. 
• Check to see if the domain is available and if there are any existing trademarks. 
• File for a DBA (Doing Business As) if you’re not using your name.

Check out this article for tips on naming your business . 

4. Establish a Legal Structure

Next, outline your business structure, both in the short and long term. Will you run your business as a:

• Sole proprietorship:  Simplest structure with one individual acting as the business
• Partnership:  Operated by two or more people with shared business responsibilities 
• LLC:  Known as a “limited liability company because members are protected from personal liabilities when it comes to the business
• Corporation:  Separate from individual members, corporations are legal entities with higher taxation and regulations but high protection of personal assets

5. Look at Certifications 

All industries require varying levels of qualification to run a business. Describe any needed:

• Permits 
• And all other certifications!

6. Consider Payment Methods

Gone are the days of cash payments. In the digital age, almost all transactions are digital.

That said, there are still plenty of payment methods to choose from. Consider one or a combination of:

• Physical payments, cash, or card
• Secure online transactions
• PayPal or other payment app
• Third-party like Etsy or Shopify

7. Product Expenses and Tracking

Before starting a new business, having an easy, thorough way to track payments is going to save you a lot of time during tax season. It’s also a necessary step in tracking and forecasting financial plans. 

In this stage of “how to write a business plan,” consider:

• How you’ll keep track of your bookkeeping
• The price of your products/services

8. Identify Necessary Permits

Depending on your business structure and industry, you may need any combination of:

• Licenses to conduct your business

Identify any necessary permits and show proof of obtaining them in your formal business plan. 

9. Decide if You Need a Business Phone or Address

Business numbers or PO boxes are necessities for some businesses. 

For example, PO boxes are used for product returns. This offers business members a level of privacy and security that wouldn’t be provided if they used their home addresses. 

PO boxes are also highly reliable and regulated, making them frequently more efficient than a physical address. 

Business phone numbers offer a similar level of privacy, allowing customers to seek direct support during business hours. 

A business number allows for accessibility, as some customers aren’t able to access online support. 

10. Consider Marketing Methods

New business owners should consider a marketing plan straight from the jump. Marketing is at the core of making any new company a success. 

Develop a clear marketing strategy, including:

• Industry trends + market analysis
• Target market + customer segments
• Industry competitors + positioning
• Advertising methods (social media, email marketing , paid advertisements, cold calling)
• Social media presence + digital marketing strategy 
• Marketing goals + key performance indicators 

11. Decide on Your Platform

Finally, decide which platform will be the bread and butter of your business. 

While you may have diverse revenues from a single business venture, you’ll need to choose one platform to run your primary website. 

Popular website options include:

• WordPress (blogging)
• Patreon (membership)
• Podia (blogging, membership, and selling courses)
• Shopify (e-commerce)
• Wix (blogging and personal website)

Each platform offers different customization capabilities and levels of online support. Some are incredibly user-friendly, while others require basic coding knowledge. 

Choose the platform that will best suit your capabilities and customization needs. 

How to Format a Formal Business Plan

While you can download my  free business plan template  to start, this is meant for personal use.

When sending a business plan to potential investors, the text needs to be a bit more formal. Here’s how to do it:

• Create a document filled with the imperative information above. 
• Frame all content as either statements or projections. 
• Omit or alter content written for personal use. 

Format Standards 

Traditional business plans all follow a strict formula. Luckily, you’ve already done all the leg work above!

Simply use your workshopped content to include the following:

• Cover page:  A minimalist cover page that represents your business, including your name, business name, proposed logo, and contact information
• Table of contents:  List all sections and included documents as a navigation aid
• Executive summary:  This is a concise, complete overview of your business plan, including key elements of opportunity and strategy
• Company description:  Describe the “what” and “why” of your business model
• Market analysis:  Share in-depth marketing analysis, including targets, trends, and growth opportunities 
• Business structure:  Ownership and legal structures
• Products/services offered:  Sharing your product and how it fills a gap in the market
• Marketing strategy:  Full strategy, including pricing, advertisement methods, and budget
• Funding request:  Amount requested, type of funding (equity or debt), and future financial plans
• Financial projections:  Include monetary forecasts such as balance sheets, income statements, cash flow statements, and expenditure budgets for the next five years. 
• Appendix:  All other necessary documents, such as legal agreements, references from industry experts, and marketing data research

More on How to Write a Business Plan

Writing a business plan doesn’t need to be daunting; it’s an opportunity to explore the possibilities of your future business. 

When tackling your business plan, follow these simple steps rather than drowning in industry jargon. 

Download my  free business plan template  to get started. And if you’re looking for more resources, check out all of our posts on  how to start a business .

What questions or suggestions do you have for writing a business plan? We would love to hear from you!

Free Business Plan Template

Would you like to start a home-based business, but you're not sure where to start?

Grab our FREE Simplified Business Plan Template , which will walk you through the questions and steps you need to take to get your business off the ground!

About the Author

Tania Griffis

Tania Griffis is a blogger and business owner who has a background in human resources, hiring, and recruiting. She's been featured on CNN and dozens of other blogs and online publications, putting her journalism degree to good use. Tania loves using a combination of creativity and business savvy to help business owners succeed through her services offered at, The Creative Wheelhouse . She is also a mama to a beautiful baby girl who keeps Tania and her husband on their toes.

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Reader Interactions

19 comments.

June 22, 2023 at 8:20 pm

Thanks for your post I have started in online wig business on hopes of making wearable products for Cancer patients mam or female but in reading your words my hopes is to open a store front so to cater one on one service is it best for me to apply for my LLC or sole proprietor??

June 26, 2023 at 6:57 am

Hi Cynthia,

It depends. They are pros and cons with each arrangement. Talking to a CPA or an lawyer can help you determine which structure is right for your situation.

All the best!

August 9, 2022 at 5:52 pm

I believe this information will help me because I’m scared to write a business plan and it’s like you said where to start first.

May 20, 2024 at 7:33 am

All the best with your business, Irene!

February 28, 2019 at 10:04 am

Hi, my name is Sheron.

I want you to help me on to draft a business plan.

March 1, 2019 at 8:01 am

If you need further assistance in writing your business, you can use this free business plan template: https://the-work-at-home-woman-llc.ck.page/e471670755

Good luck and keep me posted on your journey!

April 18, 2018 at 10:10 pm

This was a really good read. I was trying to take a few steps in creating a business plan for a golfing company I’ m planning to start with my son.

April 19, 2018 at 7:08 am

Glad you enjoyed the tips, Danny!

April 1, 2023 at 2:12 pm

Helpful. It’s good I have somewhere to start from

April 1, 2023 at 4:46 pm

Glad you enjoyed the article!

February 7, 2018 at 3:23 am

Hi my name is Billy, I understand all sections of a business plan, however I’m struggling with what I am planning on starting. I have the vision the mission everything, I’m Trying to start a Non Profit, however the Financial Section is hard to project when I cant put an exact Income on Cash flow through Fundraising, or hopeful Grants. Was wondering if anyone here has some advice on this subject. I have everything else pretty much figured

February 7, 2018 at 12:33 pm

Have you connected with a mentor on SCORE?

SCORE offers free mentorship and guidance — they are an excellent organization and will be able to point you in the right direction with your non-profit. https://www.score.org

February 8, 2017 at 2:25 pm

Creating a business plan is one of the most overlooked things when working at home. Tho many businesses do it in the offline world too. But it is easy to get sidetracked or to tell yourself what you want in your business and call it a day.

I struggled with business plans in the past and without them you really tend to slack off. Unfortunately it is something that people don’t believe until it happens too. I remember thinking to myself that I wanted a lot of traffic to my blog, had a vague idea of what I wanted to do with it and set out thinking I was going to be rich. Yeah, that didn’t work out as planned (mainly because I had no plan.)

I still am not the best planner, but I have learned through my mistakes. Great article and I cannot think of anything to add.

Glad you enjoyed the article, Dawn!

February 3, 2017 at 9:55 am

Indeed a Great Post with valuable tips. A business plan is always important, doesn’t matter in which field we are working in, we should always have a proper plan before starting our business, either offline or online, but later on, it also becomes important to refine that plan according to the results we are getting.

So regarding business plan that, you article has some great tips. It will help many including me, as I am looking to start a new online business. Hope I will succeed.

February 6, 2017 at 8:15 am

Glad you enjoyed Dawn’s post, Jenny.

May 24, 2011 at 3:09 am

Tim Berry suggested that a business plan is organic in that it should grown as your business grows.

It’s a good way of looking at it as you need to refine things as you go along and… remember that you can CHANGE the business plan.

It’s not a sacred document.

July 15, 2021 at 5:07 am

A very helpful tool in business plan writing. Kudos!

July 16, 2021 at 8:29 am

Glad you enjoyed the tips!

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How to Create a Comprehensive Safety Plan for Your Business

Last Updated:  

June 24, 2024

Maintaining a safe work environment is crucial for the well-being of employees and the overall success of any business. Workplace safety involves identifying potential hazards, implementing preventive measures, and promoting a culture of safety among all staff members. This not only helps in reducing accidents and injuries but also improves productivity and morale. By prioritising safety, companies can avoid costly legal issues and downtime associated with workplace incidents.

Creating a safe workplace requires continuous effort and commitment. Regular training and clear communication of safety protocols are essential. Employees should feel empowered to report unsafe conditions and participate in safety initiatives. Investing in proper equipment, such as safety gear and secure storage solutions for hazardous materials, is also vital. A proactive approach to safety not only protects employees but also enhances the company's reputation as a responsible and caring employer.

Key Takeaways on Creating a Comprehensive Safety Plan

• Risk Assessment: Start with a thorough assessment to identify workplace hazards and risks.
• Safety Protocols: Implement clear safety protocols and ensure they are communicated to all employees.
• Training Programs: Regular safety training sessions are crucial for maintaining awareness and preparedness.
• Use of Personal Protective Equipment (PPE): Provide and maintain appropriate PPE tailored to specific job hazards.
• Hazardous Substances Management: Safely store and handle hazardous materials with proper labelling and storage solutions.
• Management Commitment: Leadership must lead by example and prioritise safety in all aspects of operations.
• Compliance and Audits: Conduct regular safety audits to assess effectiveness and ensure regulatory compliance.

Implementing Safety Training Programs

Safety training programs are crucial in fostering a culture of safety within any organisation. These programs educate employees on recognising hazards, following safety protocols, and responding to emergencies. Regular safety training sessions help reinforce safety procedures and ensure that all staff members are aware of their roles in maintaining a safe workplace. Interactive training methods, such as hands-on exercises and simulations, are particularly effective in engaging employees and enhancing their understanding of safety practices.

Continuous education is vital, as safety regulations and workplace conditions can change over time. Periodic refresher courses keep safety knowledge current and address any new risks that may have emerged. Training should also cover the use of personal protective equipment (PPE), proper handling and storage of hazardous materials, and emergency response procedures. Investing in comprehensive safety training means businesses can reduce the likelihood of workplace accidents and create a safer and more productive environment.

Best Practices for Storing Hazardous Substances

Storing hazardous substances correctly is crucial for maintaining a safe workplace and preventing accidents. The first step is to identify all hazardous materials present and understand their storage requirements. Different substances may require specific conditions, such as temperature control or ventilation, to ensure they remain stable and safe. Proper labelling of all containers is also essential, as it helps in identifying contents quickly and accurately during routine checks or emergencies.

In addition to labelling, secure storage solutions, like lockable cabinets, should be used to restrict access to authorised personnel only. Regular inspections of storage areas can help identify potential issues before they become serious problems. Ensuring that safety data sheets (SDS) are readily available and up-to-date for all hazardous materials is also a key practice. These sheets provide critical information on handling, storage, and emergency measures.

Training employees on the correct procedures for storing and handling hazardous substances further enhances workplace safety. This includes educating them about the risks associated with each substance and the steps to take in case of a spill or exposure. Following these best practices significantly reduces the risk of accidents and creates a safer working environment for everyone involved.

Procuring Appropriate Safety Equipment

Selecting the appropriate safety equipment is essential for protecting employees and ensuring compliance with safety regulations. Personal protective equipment (PPE), such as helmets, gloves, and eye protection, is fundamental in preventing injuries. Additionally, specialised equipment like respirators and hearing protection may be necessary in environments with specific hazards. Providing the correct PPE for each task and ensuring that it is properly maintained and used is critical for its effectiveness.

Proper storage solutions are also a key component of workplace safety. Using a COSHH cabinet or COSHH locker is crucial for securely containing hazardous materials. These are ideal for storing hazardous substances and reducing the risk of spills and exposure, protecting employees and workspaces. Implementing these safety measures helps protect employees from potential harm and supports regulatory compliance.

Developing a Comprehensive Safety Plan

A comprehensive safety plan is fundamental for protecting employees and ensuring regulatory compliance. This plan should begin with a thorough risk assessment to identify potential hazards in the workplace. Once hazards are identified, the next step is to develop strategies to mitigate these risks. This may involve updating equipment, improving workplace design, and implementing new safety protocols. Regularly reviewing and updating the safety plan ensures it remains relevant and effective as new risks emerge.

Clear communication is crucial in any safety plan. All employees should be informed of the safety procedures and know their roles in maintaining a safe work environment. This includes regular training sessions and easy access to safety information. Having a clear incident reporting system allows for prompt action when safety issues arise.

Ensuring Ongoing Compliance

Regular safety audits are essential for maintaining a safe work environment and ensuring ongoing compliance with safety regulations. These audits involve systematically examining the workplace to identify potential hazards and assess the effectiveness of current safety measures. By conducting regular audits, businesses can identify areas where improvements are needed and take proactive steps to address them before they lead to accidents or injuries.

Safety audits should be conducted by trained professionals who can provide an unbiased assessment of the workplace. This process includes reviewing safety documentation, inspecting equipment, and interviewing employees to gather insights into their safety practices. The findings from these audits should be documented and used to update the company's safety plan. Regular audits not only help maintain a safe workplace but also ensure that the company stays compliant with legal requirements and industry standards.

Providing Personal Protective Equipment (PPE)

Providing Personal Protective Equipment (PPE) is a critical component of workplace safety. PPE includes items such as helmets, gloves, eye protection, high-visibility clothing, and respiratory equipment. Each piece of equipment is designed to protect employees from specific hazards associated with their tasks. Ensuring that all employees have access to the appropriate PPE for their roles is essential in reducing the risk of injury.

Proper use and maintenance of PPE are equally important. Employees should receive training on how to correctly wear and use their equipment, as well as the importance of maintaining it in good condition. Regular inspections and replacements of worn-out or damaged PPE are necessary to ensure its effectiveness. With the provision and upkeep of PPE, you can create a safer work environment and demonstrate a commitment to the health and safety of your workforce.

The Role of Management in Promoting Safety

Management plays a crucial role in fostering a safe workplace environment. Leaders must prioritise safety by setting clear expectations and leading by example. This includes actively participating in safety training and consistently following safety protocols. By demonstrating a commitment to safety, management encourages employees to do the same, creating a culture where safety is a shared responsibility.

Effective communication from management is also vital. Regularly updating employees on safety policies, recognising and addressing potential hazards, and promoting open discussions about safety concerns are all essential practices. Encouraging a reporting system where employees can voice safety issues without fear of retribution helps in identifying and mitigating risks promptly. When management is visibly committed to safety, it underscores its importance and motivates the entire workforce to adhere to safety standards.

Prioritising workplace safety is fundamental for protecting employees and ensuring a productive environment. By identifying common hazards, implementing robust training programs, and choosing the right safety equipment, you can significantly reduce risks. 

Management’s active role in promoting safety and the regular use of audits to maintain compliance further strengthen your safety measures. Leveraging technology to enhance safety protocols and best practices for storing hazardous substances ensures a comprehensive approach to workplace safety. These efforts not only safeguard employees but also contribute to the overall success and reputation of your business.

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