Looking to start a security company in Ohio? This can be a smart business move with lots of potential.

Our 9-step guide will walk you through everything you need to know, from understanding state regulations to getting the right licenses and building a solid foundation for your business.

Here’s how to start a security company in Ohio and set yourself up for success.

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Step 1: Research state-specific requirements

Before you start a security company in Ohio, you need to get a handle on the state's regulations and the necessary licenses. The Ohio Department of Public Safety is in charge of licensing private security services, and you’ll need a Private Investigator Security Guard (PISG) license to operate legally.

Choosing the legal structure of your business is another key step. You'll need to decide whether you want to set up an LLC, a corporation, or another structure. This decision will affect your taxes, personal liability, and how you run your business day-to-day.

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Step 2: Obtain necessary licenses and permits

Apply for a Private Investigator Security Guard (PISG) license through the Ohio Department of Public Safety. This is your official pass to offer security services.

The application process requires you to submit detailed business information, fingerprints for background checks, and proof of your experience or education in the security field. A security company offering no private investigative services would apply for a Class C license.

Ohio does not require a general business license at the state level. However, businesses may need to register with the Ohio Secretary of State and obtain local permits or licenses depending on their city or county requirements.

Verify all local zoning, signage, and operational permit requirements with your city or county government, as these can vary significantly.

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Step 3: Develop a comprehensive business plan

Crafting a strong business plan begins with market analysis. You need to understand your playing field before jumping in. Look into your target market and analyze your competition.

What’s the demand for security services in your area? Are businesses and events actively seeking security solutions? Identify who your potential clients are and what specific needs they have. This knowledge is your compass, guiding you in tailoring your services effectively.

Define the services you plan to offer. Will you specialize in armed guards, unarmed guards, surveillance, or event security? Maybe you’ll offer a mix. Whatever you decide, be specific about it. Clear definitions help in planning and make it easier to market your services to potential clients. Knowing exactly what you offer sets you apart and makes your business more attractive.

Next, dive into financial projections. Calculate your startup costs, including equipment, office space, licenses, and initial salaries. Once you have a handle on your expenses, project your revenue. How much will you charge for your services? How many clients do you expect to serve in your first year? Aim for realistic yet optimistic figures.

A well-thought-out business keeps you on track and helps you manage resources efficiently.

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Step 4: Secure funding

Figure out exactly how much cash you’ll need to get your business off the ground and keep it running until you start turning a profit. Don’t forget to include a buffer for unexpected expenses.

With a clear number in mind, explore different ways to get that money. Personal savings can be a good start if you have enough set aside. If not, taking out a loan is another option. Many banks and credit unions offer small business loans with reasonable terms.

Investors are another avenue to consider. This could be individuals interested in supporting a new business or even venture capital firms. Be prepared to present a solid business plan to convince them that your security company is worth their investment.

Small business grants are also worth exploring. These grants are essentially free money from the government or private organizations, but they can be competitive, so make sure your application stands out.

Think about finding a business partner who can contribute financially. This person could bring not only money but also valuable experience and skills to your venture.

In a nutshell:

• Calculate your startup and operational costs
• Use personal savings if available
• Consider small business loans from banks or credit unions
• Seek out investors and be ready with a compelling business plan
• Apply for small business grants
• Look for a business partner willing to invest

Each funding source has its pros and cons, so weigh them carefully to choose the best mix for your needs.

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Step 5: Purchase necessary equipment

You need the right equipment for the job to make sure the services you offer are solid and professional. Initial investments must include:

Security equipment

Your team needs to look the part. You’ll need to invest in uniforms, clear communication radios, surveillance cameras for monitoring, and possibly vehicles if you’re offering mobile patrols. Quality gear significantly impacts how your services are perceived and the effectiveness of your team's operations.

Office setup

Your office is the center of your operations. Choose a location that’s easy for both your team and clients to access.

Fill it with the basics, such as desks, chairs, computers, and a printer. 

Don’t forget the tech that keeps things running smoothly — software for scheduling, client management, and financial tracking. 

Make sure everything is set up so your daily operations flow without a hitch.

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Step 6: Hire qualified personnel

You want to cast a wide net to find the best candidates. Use job boards like Indeed, post on social media, and don’t forget about industry events where you can meet potential hires face-to-face.

It’s also a good idea to reach out to local security training schools and offer internships or work-study programs. This way, you get to train potential employees early in their careers and see if they’re a good fit for your company.

Next come background checks. It’s important to thoroughly screen all potential hires. This means running criminal background checks, verifying their previous employment, and checking their references. You want to make sure that anyone you hire is trustworthy and has a clean record.

Training is another important part of building a strong team. Even if a candidate comes to you with certifications and experience, they need to be trained on your company’s specific policies and procedures.

This includes initial training and ongoing education to keep them up-to-date with the latest security practices and technologies. Regular training sessions ensure that your team is always prepared and compliant with state regulations.

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Step 7: Establish operational procedures

Keep your security company running efficiently by creating Standard Operating Procedures (SOPs). These detailed instructions cover everything your team does daily, from routine patrols to handling emergencies and dealing with clients.

SOPs help your team handle situations the same way, whether it's a minor incident or a major emergency. Like a playbook for your team, it covers all the possible scenarios they might face on the job.

Put together an employee handbook that clearly outlines your company policies, job responsibilities, and what you expect from each employee. It's where your staff can turn to when they have questions about their roles or the company's rules.

The handbook helps everyone stay on the same page, reducing confusion and ensuring your staff knows exactly what is expected of them.

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Step 8: Market your security company

Establish an online presence by creating an easy-to-navigate and professional-looking website. Optimize it for search engines so local clients can find you when they need security services.

Social media

Platforms like Facebook and LinkedIn are gold mines for reaching potential clients. Share updates, security tips, and success stories to keep your audience engaged.

Use social media ads to target specific demographics and industries, making sure your services are seen by the right people.

Networking

Attend industry events, trade shows, and local business association meetings. These gatherings are excellent for meeting potential clients and partners face-to-face.

Building relationships in the industry can lead to valuable referrals and partnerships. Don’t forget to bring business cards and promotional materials to these events.

Targeted advertising

Get your company’s name out there by running online ads on Google and social media, printing ads in local newspapers, and even offering to sponsor community events. The key is to be where your potential clients are looking.

For online ads, focus on local targeting to make sure your ads are seen by businesses in your service area. Print ads and community sponsorships help build your brand's recognition and credibility in the local community.

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Step 9: Maintain compliance and stay updated

Regulatory compliance is a must in Ohio. Regularly check for updates in state and local regulations to make sure you and your employees are always following the rules.

The Ohio Department of Public Safety is a primary resource for updates on private security regulations. Subscribe to industry newsletters, join professional associations, or set up Google Alerts for relevant topics to stay in the loop about any changes that might affect your business.

Managing license renewals is an important aspect of maintaining compliance. Missing a renewal can halt your operations and cost you a lot in fines. Set up a system to track all your licenses and permits.

For example, you need to keep track of your Private Investigator Security Guard (PISG) license issued by the Ohio Department of Public Safety. Use calendar reminders, whether it’s a digital app or a good old-fashioned wall calendar, to alert you well before the due dates.

Stay updated by keeping an eye on industry trends, new technologies, and best practices. This doesn’t mean you need to be an early adopter of every new gadget or trend, but knowing what’s out there can help you make informed decisions about what might benefit your business.

Attend industry conferences, webinars, and workshops. These events are not only great for learning but also for networking with other professionals who can offer valuable insights and advice.

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Enhance your Ohio security company’s operations with Belfry

Now that you understand how to start a security company in Ohio, it might be time to consider options that could enhance your daily operations. Belfry’s all-in-one security software is the perfect tool to assist you in running your business.

With Belfry, you can streamline administrative tasks, improve communication with your team, and stay compliant with state regulations.

Belfry will help you:

• Streamline administrative tasks: Automate scheduling, payroll, and reporting to reduce paperwork and administrative burden.
• Improve team communication: Use real-time messaging and notifications to keep your team connected.
• Stay compliant: Track licensing, training, and certification renewals to avoid lapses.

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‍Schedule a Free Demo Today.