1. What do private security companies do?
Private security companies are defined by the U.S. Bureau of Labor Statistics as companies primarily engaged in providing guard and patrol services, like bodyguard, guard dog, parking security, and security guard services. Many of them will even provide advanced special operations services if the client demands them. samples of services provided by these companies include the prevention of unauthorized activity or entry, traffic regulation, access control, and fire and theft prevention and detection. These services are often broadly described because of the protection of personnel and/or assets. Other security services like roving patrol, bodyguard, and guard dog services also are included but are a really small portion of the industry.
2. How do security companies get clients?
Who needs watchman services in your area? If you’re targeting offices and factories in your area, search for companies with quite 100 employees. you’ll make an inventory by either driving around and noting down names of mid to large office buildings and factories within the area or devour an area business directory and begin your search. Make a shortlist of prospective clients you would like to focus on then work the list.
Introducing your services
Look for people in your network who can get you an introduction with a decision-maker of the corporate. If you can’t reach a decision-maker, try getting introduced to an employee and invite a reference. An introduction via someone will go an extended way. If you’ve got no reference to someone within the company, your best bet is to form a chilly call. invite a security manager or a facilities manager. Tell them about your service, another client within the area you’re servicing.
Finding break-in points
Chances are that the corporate you’ve got targeted is already employing a watchman company to supply security services. If that’s the case, you ought to ask if they need any complaints with the present security provider, do they want a number of the security-related activities were performed differently. Many companies open up the safety contract or rebidding periodically. Ask the safety manager if the contract is going to be up for bidding within the near future and the way you’ll participate. it’s also important to sometimes get in-tuned with the managers and remind them of your interest to serve their company.
Advertising
Advertising in local papers, security publications, or getting to trade seminars can assist you to make an inventory of leads. you ought to also consider online marketing to draw in new clients that are literally trying to find security services in your area. Advertising can assist you to get ahead of consumers at the proper time. When the purchasers actually need a replacement watchman service provider, you ought to be ahead of them. Some security companies recoil from advertising, especially online advertising, but you’re missing out on many possible leads.
Conducting events and seminars
It is important to attended industry events but it’s also important to arrange them if you see a void within the space you’re operating. Organizing industry events will bring you to the middle of the industry and can assist you become a pacesetter during a very short time. this is often a technique I even have seen add many industry and security is not any different. once you organize a fair , or simply sponsor a fair , you get to be within the limelight, you get to interact with people within the industry, you study the simplest practices, you meet prospective clients and also close new deals.
3. How Much Do Security Companies Make?
Here are just a couple of the services a security provider can offer:
Theft prevention (from both shoplifters and employees) in your small business:
- Crowd control for giant events like festivals or concerts
- A physical presence to discourage crime at social or business gatherings
- Ongoing security presence at an apartment house or paid parking zone
- Evening escort for guests or employees walking to cars
- Adherence to venue regulations if alcohol is being served
- Personal protection in times of business or personal need
Executive protection for a corporation
Each state has its own laws and regulations governing private security services. When hiring, you’ll be wanting to seek out a full-service company that gives security-related safety services, and also ask about licensing, insurance, and compliance with state regulations. For more, inspect our Tips for smart hiring. Additionally the factors that affect the typical cost to rent a security company.
Experience and insurance
A guard’s experience level affects the typical hourly rate they charge. An entry-level, unarmed guard will likely charge lower rates than a former Marine with special weapons and combat training. In some cases, independent security guards charge lower rates than those employed by a licensed, insured firm, because companies generally have more overhead. Not all states permit clients to rent independent security guards directly — they need to be contracted through a licensed security company — so know your state laws before hiring a contract operator. Whether you hire an independent security guard or run through a corporation , make certain they need insurance . This protects you, your guests and your assets. Here are average hourly rates for security guards from a full-service security company:
Basic unarmed guard: $15-$20 per hour
Basic armed guard: $20-$25 per hour
Unarmed guard with advanced skills and experience: $30-$35 per hour
Armed guard with advanced skills and experience: $35-$45 per hour
Most experienced armed guard (off-duty cops , ex-military): $60-$100 per hour or more
Event security
You don’t got to be organizing a huge festival to wish security guards. Event security can appear as if anything from a uniformed watchman checking names at the door of your highschool reunion to a reassuring presence at your fundraising auction for potential clients held at an area gallery. If you do not just like the idea of a consistent , you’ll request plainclothes security who can provide emergency response as required . However, many of us find that the presence of a uniformed watchman at an occasion prevents problems before they begin .
Most security companies provide quotes for event security services supported the sort of event, size of venue, number of hours and number of guards needed, also as what they’ll be doing at the event and other factors. Since these factors vary widely, the value per hour can range anywhere from $15 to $100 per hour, on the average.
Site security
Some retail businesses selling luxury or high-cost goods like jewelry hire a watchman to guard against theft and supply greater security for workers and customers. you’ll only need site security for a one-time event or during peak season . the value for one guard to face near the door or during a visible location within the store typically averages $15-$45 per hour nationally, counting on whether the guard is armed.
Loss prevention
Some guards concentrate on helping retailers prevent shoplifting or theft by employees. These services typically cost $15-$20 per hour on the average . Security guards can actively monitor cameras, act as a theft deterrent by their mere presence, and ensure all entry points remain secured.
Bodyguards
Full-service bodyguard protection are often customized to suit your needs. Typically, the safety company will meet with you face to face to assess the threat and offer safety solutions supported your needs. Bodyguards and trained pros who transport clients in an armoured vehicle usually start at a minimum rate of $200 and go up from there, often performing from retainers. Some services concentrate on this area. Bodyguards are often for a one-time event, for cover of VIP visitors to your establishment, or for any time you’ll need additional personal safety.
4. Who are the top 5 security companies?
G4S is one of the best security companies in the world
What is the largest security company in the world? G4S plc is the largest security company in the world by revenue at USD 9.76 billion generated last year.G4S is a British multinational security services company headquartered in London, England. They has operations in additional than 90 countries and over 570,000 employees. the very best revenue earner among the most important security companies, G4S is no 1 on our list of the highest 10 security companies in the world in 2020.
Branch: Singapore
Founded Year: 2001
SECOM Security company
The company was founded in 1962 and operated under the name Nippon Keibi Hosho until 1983. It initially offered manned security services like patrolling services and static guard services.
In 1966, the corporate developed Japan’s first on-line security system. In 1983, Nippon Keibi Hosho adapted the name Secom, which was originally used only as a name of the corporate . The Secom name “was coined as a contraction of ‘security’ and ‘communication’, the concept of this brand was to create a replacement security system collaborating people and science’”.
Branch: Japan
Revenue: 5M-10M
Employees: 101-300
Securitas is one of the biggest security companies in the world
Securitas with revenues of USD 9.23 billion generated last financial year . Securitas AB may be a Security Service , monitoring, consulting, and investigation group, based in Stockholm, Sweden. the corporate has over 300,000 employees in 53 countries worldwide. Securitas AB owns over 19 percent of the market share within the European guarding and mobile security market — making it also one of the biggest security companies in the world.
Branch: Singapore
Founded Year: 2009
Control Risk
This company may be a global risk and strategic consulting company specializing in political, security, and integrity risk. the corporate generated USD 223.3 million in revenue last year. Control Risks primary services include anti-corruption audits, consultancy and training, eDiscovery, political risk analysis, and a broad range of security and crisis management support.
Branch: Japan
Booz Allen Hamilton
Booz Allen Hamilton is an American management and knowledge technology consulting company (that also focuses on security). Last year Booz Allen Hamilton brought in annual revenues of USD 6.7 billion, ranking 5th in revenues worldwide.
Branch: Singapore
Founded Year: 2014
5. Conclusion
The security services industry has evolved tremendously over the previous couple of decades. we’ve witnessed the important transition from watchman to security officer; an increased emphasis on safety and customer service; advancements in training and career development, and therefore the introduction of technology as a part of the entire security solution.
Technology also has altered the face of the industry by identifying new ways to make efficient officer procedures and collect data to develop strategies. the solution to a security challenge are often a mixture of personnel, processes and technology. there’s not a one-size-fits-all approach to security, and there never should be.
Throughout all of those developments, the central element of each successful security program is that the security officer. Everything we do to support and have interaction them is critical. These individuals dedicate themselves to making safe and secure environments a day . These often unsung heroes combat a variety of responsibilities from welcoming guests and guiding us to our destinations, to answering questions and interacting with local enforcement , to leading evacuations and responding to medical emergencies.
Our industry is ever-changing and can still evolve. we’ve come an extended way, and that i can only imagine where we’ll be in another 10 or 20 years.
