business plan for psira security company

Security Company Business Plan Template

Written by Dave Lavinsky

Security Company Business Plan

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

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

Download our Ultimate Business Plan Template here >

What is a Security Company Business Plan?

A business plan provides a snapshot of your security company 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 Security Company

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

Sources of Funding for Security Companies

With regards to funding, the main sources of funding for a security company 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 security companies.

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How to write a business plan for a security company.

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

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

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

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

• Crisis management: This type of security business depoys security officers trained in crisis situations such as natural disasters, terrorist attacks, or other emergencies.
• Security guards: This type of security business provides security guards to government or private clients to provide protection against theft or harm to personal or public property.
• Surveillance company: This type of security business provides surveillance equipment and monitoring services that can include security alarms, cameras, and on-call security officers.
• Security patrol: This type of security company deploys security officers who drive around the designated area, patrolling from car, motorcycle, or other vehicle.

In addition to explaining the type of security company 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 customers served, the number of security cameras sold, or reaching $X amount in revenue, 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 security company industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the security company 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 security guard business plan:

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

The following are examples of customer segments: individuals, schools, families, and corporations.

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

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes other types of security service providers, in-house security personnel, and do-it-yourself security equipment. You need to mention such competition as well.

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

With regards 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 make it easier for clients to acquire your services?
• Will you offer products or services 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.  

Marketing Plan

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

Product : In the product section, you should reiterate the type of 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 on-call security guard services, crisis management, or surveillance equipment?

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 security company. Document where your company is situated and mention how the site will impact your success. For example, is your security company located in a busy retail district, a business district, a standalone office, or purely online? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your security company 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 local papers, radio stations and/or magazines
• Reach out to websites
• Distribute flyers
• 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 security company, including answering calls, scheduling security personnel, billing clients and collecting payments, etc.

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

Management Team

To demonstrate your security company’s 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 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 security company.  

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 employ a staff of 10 security officers, and will you charge an hourly fee of $150 for each security officer deployed ? 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 security company, 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 security company:

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

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 your office location lease or a list of your security guards and their credentials.  

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

Security Company Business Plan FAQs

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

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

How Do You Start a Security Company?

Starting a security company business is easy with these 14 steps:

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

Learn more about   how to start your own security company .

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Starting Security Company in South Africa – Business Plan (PDF, Word & Excel)

Posted by BizBolts | All Articles , Business Ideas , Business Plans

As the security landscape continues to evolve in South Africa, the demand for professional and reliable security services has never been higher. In an era marked by uncertainty and a growing need for safety and protection, starting a security company in this dynamic environment is not only a viable venture but also a remarkably profitable one. With attractive profit margins and an ever-increasing demand for top-tier security solutions, the security industry in South Africa presents a unique opportunity for entrepreneurs looking to make a substantial impact and reap the rewards.

Due to the increasing crime rates and general insecurity of many people in South Africa there has been an increase in the demand for security products and services. Property related crimes, car hijacks, and other serious crime reports result in the increase the country’s insecurity especially in the major cities. As such, there is a need for more security service providers. In addition, the country’s police force is usually overwhelmed by the number of criminal activities that take place in the country, so the need for more security services cannot be understated. This article will outline how to start a security business in South Africa, and the security company business plan – PDF, Word and Excel.

MARKET RESEARCH

Market research is a crucial step when contemplating the establishment of a security company in South Africa. It forms the bedrock upon which a solid business strategy can be constructed, encompassing a comprehensive understanding of the local security industry, its current state, and its growth trends. In South Africa, this industry encompasses diverse services such as physical security, electronic surveillance, and cybersecurity. Additionally, it’s essential to identify your target market, the specific industries, and regions you aim to serve, as South Africa’s security needs can vary widely, from residential clients to government agencies and private institutions. Furthermore, a keen assessment of the competitive landscape is imperative. An analysis of existing security companies within your chosen niche, their offerings, pricing strategies, and customer feedback, will enable you to differentiate your venture and identify market gaps. Complying with the stringent regulatory requirements in South Africa is another key aspect. Understanding and adhering to the legalities and licensing processes is essential for operating within the bounds of the law and building trust with potential clients. In addition, staying attuned to market trends, emerging technologies, and the evolving preferences of your target audience is pivotal. Embracing the latest advancements in surveillance systems, access control, and alarm monitoring ensures your company remains competitive. A thorough understanding of your clients’ security needs and a well-structured pricing strategy are equally critical.

LOCATION & PREMISES

The location and premises of your security company is an important decision to make before you start your business. It’s also important that you choose the right location if you want to set up a successful security company business. Also, your offices should be close to your target market. In particular, it is important to consider who your potential customers are and how they can help drive your business. When selecting a location for your security services company there are many factors you need to keep in mind. For example, you should consider the demographics of the people and companies who you intend to serve as well as their communities. A slightly older or upscale population with a higher-than-average income  is more likely to make use of your security services. When locating your offices there are several possible locations, including shopping centres, malls, and the CBD. Setting up your office close to places that typically have potential for traffic will be ideal. It is important to be strategic about your neighbouring businesses as well because you are more than likely going to feed into each other instead of competing. If you set up your business in an overly saturated area, the likelihood that your business will succeed will be very low. Your security company business plan should include the costs of renting or leasing the premises.

PRODUCTS AND SERVICES

Your target niche will determine the kind of products and services you will offer. Also, these products and services will be determined by the type of security company you set up. As a new security services’ company it may be best to start by providing specialized services in one area that you know well to ensure that you can provide excellent services. From then on, you can build your reputation in one niche and then grow across other disciplines. You can start by providing VIP protection services to high profile clients, offer guarding services to schools, homes or you can offer CCTV installation and monitoring. Your security company business plan should outline the various security services and packages you can provide as well as the costs associated with them. Services offered by security companies in South Africa include security guards, mobile patrol, executive protection, K9 Security, armed escort services among others. Security companies in South Africa also offer a variety of products including security alarms, CCTV Systems, access control systems among others. If you offer security services, your business will have to be registered with the Private Security Industry Regulatory Authority   (PSIRA) as this a legal requirement for security companies in South Africa.

PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY (PSIRA) REGISTRATION

Any entity or person/company wishing to provide security services or work as a security officer in South Africa must be registered with PSIRA. To register with the Private Security Industry Regulatory Authority (PSIRA) in South Africa, you will have to fill an application form, accompanied by several key requirements. These include submitting a comprehensive business plan outlining your security company’s operations and objectives and providing company registration documents. Each director of the company must also provide their ID document, CV, and a PSIRA registration certificate. Additionally, a tax clearance certificate demonstrating compliance with tax regulations is mandatory. Furthermore, having a physical office with basic equipment and a registered business phone number is necessary to ensure operational legitimacy and accountability. You must also pay PSIRA business registration fees of R7500.  Meeting these requirements is essential to obtain PSIRA registration and operate lawfully within the sector.

STAFF & MANAGEMENT

As a client-focused security services company it’s important that you hire employees that are competent and efficient. Your employees should be passionate about their jobs and taking care of your clients. If you want to hit the ground running it’s better to hire a team of people who already have experience in the security services business. Your employees should be able to provide quality services and serve customers efficiently on a regular basis.  Inexperienced staff members may need to go under extensive training before they can be given critical or high risk jobs. Dealing with crime and enforcing order can be dangerous. It is important to ensure that you take the proper precautions when hiring out potential staff members. Depending on the size of your business, the actual number of your staff will vary however, you will need a reasonable number of sales representatives, security officers, office staff, as well as management. Your security services business plan should cater for the salaries and day to day operational expenses of your business. The operations of your security business will depend on the specific services you choose to offer.

Some of the average day-to-day activities of a security company involve:

• Communicating with customers
• Guarding premises and controlling access,
• Inspecting the property and doing security checks at a given client location
• Managing Staff
• Marketing and advertising

When it comes to running a security company you should always remain aware and alert at all times. The security industry is a very sensitive field. Criminal activities are high in South Africa so you should ensure that your staff is well trained to avoid or reduce injuries or even death. Also, make sure you verify and do a background check for every person you hire. It is easy for your company to get infiltrated by the wrong crowd. Take extra care when assigning security officers for different jobs. Injuries or death on duty can be detrimental to your business. As a security company it is important to prioritise the safety of your workers as well as the safety of your clients. In addition, you must adhere to the industry related laws and safety regulations in order for your security business to succeed.

BUDGETING AND FINANCIAL PLANNING

Budgeting and financial planning are cornerstone elements in the successful launch and operation of a security company in South Africa. These financial strategies are pivotal for not only managing startup costs but also maintaining a healthy cash flow and ensuring long-term profitability. To begin, it’s imperative to meticulously identify the startup costs, encompassing licensing fees, legal expenses, equipment investments, vehicles, office space rentals, insurance, marketing expenditures, and initial employee salaries. This comprehensive list serves as a fundamental guide for estimating the initial financial requirements.

In tandem with startup costs, it’s essential to develop a detailed budget that encompasses ongoing operational expenses. These monthly outlays include rent, utilities, insurance premiums, employee payroll, marketing initiatives, and equipment maintenance. By meticulously forecasting these expenses, you can establish a clear understanding of your security company’s day-to-day financial obligations. Moreover, revenue projections are a key facet of financial planning. These forecasts are based on your target market, pricing strategies, contract sizes, client volume, and potential seasonal fluctuations in demand. Realistic revenue projections allow you to set achievable financial goals for your business.

Effective cash flow management is paramount to ensure your security company’s financial stability. It’s imperative to track incoming revenue and outgoing expenses through a comprehensive cash flow statement. This proactive approach aids in identifying potential cash flow gaps and implementing strategies to mitigate them. Additionally, you should consider funding sources, whether through personal savings, loans, investments, or external funding options. Careful evaluation of loan terms and interest rates is essential to align these financial resources with your business goals. Furthermore, budgeting for financial contingencies provides a safety net for unexpected expenses or disruptions, such as equipment breakdowns or economic downturns. Regular financial analysis, tax planning, profitability goals, and investments in growth round out the key components of a robust budgeting and financial planning strategy for your security company in South Africa.

MARKETING PLAN

Effective marketing strategies are pivotal to the success of your security company in South Africa. In a competitive industry where trust and credibility are paramount, it’s essential to create a strong presence and reach your target audience effectively. Networking is a vital part of marketing. Forge partnerships with complementary businesses like property management companies or event organizers, attend industry events, and join local business associations to expand your network and gain referrals. In a competitive industry like security, establishing a robust online presence is paramount. This begins with creating a professional website and maintaining active social media profiles, which serve as key platforms for showcasing your services, certifications, and client testimonials. Additionally, optimizing your website for search engines through effective Search Engine Optimization (SEO) techniques will ensure your company ranks well in relevant search results, driving organic traffic from individuals actively seeking security services. Online advertising through platforms like Google Ads and social media can rapidly increase your visibility. Targeting ads to specific demographics, locations, and interests ensures you reach a relevant audience.

Community involvement is another strategy to consider, as it shows your commitment to the local community and enhances your company’s reputation. Implement a referral program that rewards clients or partners who refer new business to your security company. Word-of-mouth referrals remain a potent marketing tool, and flyers can supplement these efforts by distributing them strategically in your target areas.  Approaching individuals and companies directly can be a highly personalized and effective marketing strategy. Attend local business networking events and security trade shows to meet potential clients and partners. Establishing face-to-face connections can help you build trust and credibility in the industry. Moreover, reach out to businesses and organizations directly, offering to provide security assessments and consultations. Demonstrating your expertise in person can lead to valuable business relationships and contracts. Site visits can further strengthen relationships with potential clients by providing an opportunity to showcase your services and establish a personal connection.

The need for security products and services is driven by insecurity and a high crime rate. Given that the incidence of crime is high in the country the demand for security services tends to be very high as well. There is a number of individuals, families and various other companies and organisations that are in need of security services. There are a lot of high profile people that require security services too. Also, there are plenty of public events, such as wedding ceremonies, festivals, parties, concerts and other intimate gatherings that will need security services. Thus, there will always be a need for security services.  A proper marketing strategy should be included in the security company business plan.

IS A SECURITY SERVICES BUSINESS A GOOD INVESTMENT?

The security industry is a competitive industry with a number of large and small companies dominating the market. However, it is still possible for you to own your own security services brand. Building your own brand from scratch can be rewarding if done well. Investing in a security company can be a profitable venture, but obviously, this will depend on many factors such as your target market, costs, as well as management. Apart from the obvious advantages of becoming financially independent and becoming your own boss, running a security company business can be a rewarding way of uplifting your community.

The South African market is one of the leading emerging economies on the African continent but the country is riddled with crime. However, the crime rate in the country presents various business opportunities when it comes to the security industry and there is also potential for high growth. Whether you are a young entrepreneur, a professional seeking to start your own business or someone who needs a retirement plan, investing in a security business is something worth considering. One thing that can set you apart before investing in any venture is developing a business plan. A well thought out security company business plan will help you in both the short and long term. Also, there are various risks associated with running a security business, like any other business venture, your security services business plan should clearly outline these risks and the different ways to minimise them. With a business plan you can determine whether or not your business concept is viable or not since it will force you to do thorough research.

KEYS TO PROFITABILITY

Ensuring profitability is paramount for the long-term success of your security company in South Africa. To achieve and sustain profitability, you must adopt a multifaceted approach that covers various aspects of your business operations. Effective cost management is the cornerstone, requiring a thorough examination of your expenses to identify areas where you can trim overhead costs without compromising the quality of your services. This might involve renegotiating supplier contracts, optimizing staffing levels, or making cost-effective technology investments. Pricing strategies are equally pivotal, as you need to strike a balance between competitiveness and profitability. It’s essential to evaluate market rates, monitor your competitors’ pricing, and factor in the unique value your company brings to clients. Additionally, maintaining strong client relationships is instrumental. Client retention is more cost-effective than client acquisition, making it imperative to consistently deliver exceptional service, address concerns promptly, and communicate regularly with your clients to foster loyalty.

Exploring opportunities for upselling and cross-selling additional services to your existing clients can significantly boost revenue. This can be achieved by identifying complementary offerings, such as cybersecurity services alongside physical security, and presenting them as value-added options. Efficiency in your operations is another crucial aspect. Streamlining your processes through training, scheduling optimization, and technology integration can reduce labor costs and enhance overall profitability. Marketing and branding efforts should never be underestimated, as effective promotion can lead to increased business opportunities. Consistently promote your security company through various channels, both online and offline, while enhancing your branding to convey professionalism and trustworthiness. Diversification is also a key strategy, as expanding into related areas like cybersecurity or alarm monitoring can open new revenue streams and make your business more resilient to market fluctuations. Quality assurance, financial analysis, adaptability, and investment in technology complete the arsenal of strategies needed to secure profitability for your security company in the dynamic South African market.

PRE-WRITTEN SECURITY COMPANY BUSINESS PLAN (PDF, WORD AND EXCEL): COMPREHENSIVE VERSION, SHORT FUNDING/BANK LOAN VERSION AND AUTOMATED FINANCIAL STATEMENTS

For an in-depth analysis of the security company business in South Africa, purchase our security company business plan. We decided to introduce the business plans after noting that many South Africans were venturing into the security company business without a full understanding of the industry, market, how to run the business, the risks involved, profitability of the business and the costs involved, leading to a high failure rate of their businesses.

Our business plan will make it easier for you to launch and run a security services business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. It will be easier to plan and budget as the security company business plan will lay out all the costs involved in setting up and running the business. The business plan is designed specifically for the South African market.

USES OF THE SECURITY COMPANY BUSINESS PLAN (PDF, WORD AND EXCEL)

The security company business plan can be used for many purposes including:

• Raising capital from investors/friends/relatives
• Applying for a bank loan
• Start-up guide to launch your security company business
• As a security company project proposal
• Assessing profitability of the security services business
• Finding a business partner
• Assessing the initial start-up costs so that you know how much to save
• Manual for current business owners to help in business and strategy formulation

CONTENTS OF THE SECURITY COMPANY BUSINESS PLAN (PDF, WORD AND EXCEL)

The business plan includes, but not limited to:

• Market Analysis
• Industry Analysis
• 5 Year Automated Financial Statements [ Income statements, cash flow statements, balance sheets, monthly cash flow projections (3 years monthly cash flow projections, the remaining two years annually),break even analysis, payback period analysis, start-up costs, financial graphs, revenue and expenses, Bank Loan Amortisation]
• Marketing Strategy
• Risk Analysis
• SWOT & PEST Analysis
• Operational Requirements
• Operational Strategy
• Why some South Africans in the security business fail, so that you can avoid their mistakes
• Ways to raise capital to start your security services business in South Africa

The Security Company Business Plan package consist of 4 files

• Security Company Business Plan – PDF file (Comprehensive – 81 pages)
• Security Company Business Plan – Editable Word File (Comprehensive – 81 pages)
• Security Company Business Plan Funding Version – Editable Word File (Short version for applying for a loan – 46 pages)
• Security Company Business Plan Automated Financial Statements – (Editable Excel file)

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Many thanks to the BizBolts team for putting together a fantastic business plan, I could not have done this business plan on my own. I managed to get funding from investors to start my butchery business using your business plan.

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Thank you BizBolts for the business plan. I received the business plan immediately after payment, it was money well spent ! I was able to easily edit the business plan. After using the BizBolts business plan, I can wholeheartedly recommend their products and skills.

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I am extremely pleased with the business plan and financial statements. The business plan is very detailed & it meets my requirements. I feel better equipped with tools that can help me secure funding.  I would have no hesitation of recommending your business plans to other people.

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It is with excitement and pleasure to inform you that I have been successful in securing a loan from my bank. This would not have been possible if not for the BizBolts Business Plan. Thank you for your help, my dreams are now coming true.

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The business plan has a highly professional look and feel. The research really helps me look deep into the market that I am targeting, it’s well suited for the South African market. The business plan clearly outlined everything I need to start the business and the costs. It’s now easier to budget and plan. Thank you very much.

GET THE SECURITY COMPANY BUSINESS PLAN (PDF, WORD AND EXCEL) - R500 Only.

We decided to make the business plan affordable to anyone who would want to start the business, and the price for the pre-written business plan is only 500 Rand.

We have several payment methods which you can use.

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The business plan package is a zipped compressed file containing the PDF, Word and Excel documents. To open the package after downloading it, just right click, and select Extract All. If you have any problems in downloading and opening the files, email us on [email protected] and we will assist you.

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Call/Whatsapp us on +27606334830 for the other payment methods. (Whatsapp us by clicking the link https://wa.me/27606334830 ). Email: [email protected] .

About The Author

BizBolts (Pty) Ltd is a business research company based in Johannesburg, South Africa. We sell prewritten business plans for various industries including livestock production, crop farming and retail businesses. BizBolts also publishes articles on business ideas, business news, business tips, personal finance, and entrepreneur profiles.

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PSIRA registration process: the step-by-step guide in 2022

Private Security has become a lucrative business in South Africa mainly due to the high crime rate which has led to a demand for more security. Unemployment has also played a big role in the rise of private security firms. PSIRA’s (Private Security Industry Regulatory Authority) mandate derives from the Private Security Industry Regulation Act of 2001. The main objective of PSIRA is to regulate the private security space, therefore, before setting up a private security practice, one has to register with PSIRA. So, what steps should be followed in PSIRA registration South Africa 2022?

Who is PSIRA? The Private Security Industry Regulation Authority provides guidelines on the registration process of security-related services in South Africa such as guarding, escorting, monitoring, investigating, and armed reaction. The regulator also oversees the running of individuals and firms offering private security. Here is a step-by-step guide for PSIRA registration.

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PSIRA registration process

How do I register a private security company in South Africa? Follow these steps:

• Private security operators have to apply for registration through the director of PSIRA. You can download PSIRA registration forms from the website, print and fill offline. Alternatively, you can fill the PSIRA form online.
• The duly filled forms should be accompanied by the necessary supporting documents depending on the nature of the business. You can use the application checklist (comes with the registration forms) to guide you. Below are some of the PSIRA registration requirements.

I. Entity documentation required for registration:

• Trust – Trust Documents - Master of the High Court or
• Partnership – Partnership Agreement (An Attorney must draft this)
• New Business registration documents as per CIPC

II. Individual documentation required from each director, member, trustee, partner

• A person needs to be registered as a security service provider and possess accredited training i.e. Grade E up to B.
• Certified copy of PSIRA certificate
• Certified copy of ID (Identification Card)
• Comprehensive curriculum vitae
• Suretyship Form (SIRA 4) should be signed and initialled on each page by three signatories. Note that black ink is required.

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III. Business documentation required

Where applicable, present

• VAT registration number
• PAYE number
• Unemployment Insurance Fund – applicable only if already registered with the Labour Department
• C.O.I.D / Compensation Fund) – applicable only if already registered with the Labour Department
• Tax Clearance Certificate applied through the South African Revenue Service is mandatory
• Lease agreement or proof of ownership
• Evidence of telephonic communication utilized – Mobile or landline communication (Statement i.n.o business/owner). If proof of landline is not in the applicant’s/ business name, one can alternatively present an explanatory letter.

IV. The business plan for one year

You are required to submit a one-year business plan.

V. A resolution

The resolution should indicate that the applicant will be able to operate for the next year.

VI. Specimen resolution to be submitted on Business Letterhead

This should be attached to SIRA 2.

VII. Self-assessment infrastructure and capacity report (SIRA 24a)

What is 'Alternative Income Source Identified' and what should you do about it?

Note that after completing the registration process, an inspection will be done on the business to determine its infrastructure and capacity standards. If the business does not meet the standards required, PSIRA may withdraw the business registration .

PSIRA registration fee 2022

As part of the process, you have to pay a mandatory PSIRA registration fee of R6,750 for businesses and R230 for individuals. The payment is through a cheque, and a copy of proof is to be attached to the application. Payments should be made out to:

1. For businesses/firms:

Private Security Industry Authority

Bank: Nedbank, Arcadia

Account Number: 16333 66200

Branch Code: 163345

Ref no: Director’s ID no. (Only)

2. For individuals:

Private Security Industry Regulatory Authority

Account Number: 1633366200

Ref no: your ID number

The PSIRA registration fee 2022 is only for registration. Once the business is registered, the business will still pay for the pro-rata portion of annual fees for the remainder of the financial year. Annual fees are payable where your company is in operation or not. You can check more information on yearly fees on the official PSIRA website.

SRD Reconsideration status check and registration in 2024

Once you have completed all the above processes, you can either download, sign and email or fax the forms back to PSIRA. Alternatively, you can drop the forms at the PSIRA branch near you. There is a list of branches and contact details online under PSIRA contacts .

PSIRA registration inquiry s/o

What is Psira registration? If you want to know more about this body, you can find out more on PSIRA registration enquiry s/o which is available through the official website. You can verify whether a business is compliant before seeking its services. For business PSIRA registration check, go to the site and verify.

On the other hand, individual PSIRA registration status check can be done on the verification option available on the website. All the necessary information on registration documents can be found here.

Note that the PSIRA website also provides a list of its inspectors. The list allows you to do a check of the inspector that comes to inspect your business.

A-Z list of bursaries for private colleges in South Africa in 2024

Psira registration contact details

• Website: psira.co.za
• Number: 086 133 3855
• Email: [email protected]

With the unemployment rates in South Africa, setting up private security might be a way of tacking this issue. Private security provides an opportunity for individuals to be creative. Just remember to do your research and understand the PSIRA registration requirements before deciding if private security is your space.

DISCLAIMER: This article is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!

Source: Briefly News

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We facilitate the entire online PSIRA Registration process ASAP for only R3490.

Register Now OR Get Free Consultation

Do you need to register your company for psira find your right psira registration online option below., you can order your psira registration online here or you can call our toll-free number (0800 007 269). a consultant will answer all your questions and walk you through the simple sign-up steps..

• PSIRA Registration
• Online Registration PSIRA (Facilitation)
• Main Requirements: (1) Business Plan; (2) Company Registration Documents; (3) ID Document; (4) Proof of Address; (5) PSIRA Graded Certificate for Each Director; (6) Tax Clearance; (7) Office with Basic Equipment; (8) Registered Business Phone Number.
• Timeframe: 6-Weeks

R3490 Once-Off

Please note : The R3490 is for the facilitation to register psira online, and there will also be a separate non-refundable application fee of R7900 charged by PSIRA.

Our Premium Packages

Do you need to apply for a contract or tender our packages offer just that… with up to 25% discount., psira ready package.

• Pty Company
• Tax Nr & Clearance Certificate
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• Free Optional Services Included: BEE Affidavit, Bank Account and Website.

PSIRA and Business Plan

• Register PSIRA Online (Facilitation)
• Business Plan (For Financing / Tenders)

Get Compliant from Anywhere, Easy and Fast!

50 000+ Clients assisted since 2006

Company Partners assists South Africa’s Entrepreneurs to become registered, empowered, and grow into sustainable businesses. Specialising in company registration and compliance since 2006, we have expanded our expertise to include accounting, payroll and website design.

We begin with a free consultation, offering tailored support to align with your business objectives. Our 120 compliance services include Shelf Companies, COIDA, Imports/Exports, Business Plans, VAT, and others.

We are dedicated to providing the tools and guidance necessary for businesses to develop and thrive over the long term.

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If we cannot assist you, you are guaranteed your money back.

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Over 1000 testimonials and counting. Click here to view more

Frequently Asked Questions

Faq's and info the register psira online process in south africa:, what are the main advantages of psira registration.

1. Registering with PSIRA will allow your company to be verified as a legitimate Security Company in South Africa. It proves that you are up to industry standards and will allow you to be eligible for security work, whereas unregistered companies will not be given the same opportunities.

2. When applying for finance for any grants, contracts, or tenders in the security sector, a PSIRA registration will be required. Not being registered will hinder your opportunities.

Challenges of registering a Security Company in South Africa:

Security Companies in South Africa are deemed to be very profitable. This is mainly due to the constantly increasing crime rate. Businesses and general public have a need for more security services and products that will make them feel safe. For this reason, they are more likely to buy or request services from a security company.

There has been a significant increase in Security Company registrations, but getting all the Security Company compliance documents in orders can be complicated and very costly. 

Irrespective if you’re selling security equipment or whether you offer security-related services like armed response, you will need to obtain the correct documentation to qualify you as a registered security business in South Africa.

To ensure that the same standard of services or products are being provided across the security sector industry, there is additional paperwork included for private security companies. All security companies will need to acquire their compliance documents before they are able to start trading.

What is PSIRA?

PSIRA stands for Private Security Industry Regulatory Authority.

This organisation’s responsibility is to ensure that that standard of the security sector is maintained throughout all the different registered Security Companies in South Africa.

If you want to operate any business within the private security industry, you must register your business with PSIRA. You also must get the appropriate security grading (there are various) for your staff, any members, directors, partners, trustees or managers.

PSIRA ensures that there is a level of safety for you, your partners and your employees – and importantly, for your clients. PSIRA’s compulsory paperwork stops fly-by-night security companies from trading or offering sub-par, unsafe or unethical products or services that may pose potential safety risks.

Consumers, employers and employees need to have basic standard they can rely on, as Security in South Africa is not risk-free.

Is PSIRA Registration Compulsory?

Not registering your Security Company and operating without the relevant documentation can result in legal action being taken against yourself, your business partners, and the company. Therefore, the registration is mandatory with the required compliance documents.

PSIRA Registration ensures there’s a baseline of standards for security providers within the security industry.

You can read more about the latest wave of arrests by the South African Police force of unregistered security businesses here .

If you know of any unregistered security companies, you can report them here .

Requirements to Register at PSIRA:

Your Company will need to undergo a security grading process. This will be done on all parties involved in the company. The security grading process consists of the PSIRA Registration process and the PSIRA Investigation Process.

What you will need before your business is eligible for PSIRA Registration:

1. Proof  of your Company Registration 2. A Security Grade B of your staff, members, directors, partners, trustees, and managers. They need to undergo PSIRA Grading . ( We’re placing a list below for what these individuals need to qualify for security grading ) 3. Business Plan (at least for one year) . A declaration declaring that your business will be able to operate for at least the next year. 4. A Tax Clearance Certificate , Valid VAT Registration Number , PAYE Number 5. Immovable office location 6. UIF Registration at the DOL and COID Registration (where required).

What you will need as an individual to be eligible for PSIRA’s individual security registration:

The individual must:

1. Not have a criminal record, specifically related to the scheduled criminal offenses listed in the Private Security Industry Regulation Act 2. Be a permanent South African resident 3. Be at least 18 years old 4. Have completed the PSIRA training at an accredited training center. 5. Pay the registration fee 6. Not be a part of the military, the police force, or any intelligence force. Former members need a clearance certificate

Our PSIRA Registration Facilitation Process:

1. Free Consultation . Upon starting the process, we will need to identify the documents that you will need to compile for the application to be submitted. We will also setup the letters that PSIRA requires. Note that the fee payable to Company Partners is a facilitation fee for the process. PSIRA will charge you a separate non-refundable application fee of R7900.

2. PSIRA Registration Application . Once we have everything PSIRA requires and as soon as we have received all the correct documentation, according to the standards of the PRISA office, we will contact the PSIRA Office on your behalf. We will then confirm with you once your documents have been registered with PSIRA. Note that this is where our service as the facilitator stops. Only the Site Visit then needs to be done by the PSIRA Personnel before the PSIRA Registration is finished.

3. PSIRA Site Visit . To ensure that the standard is the same across board, PSIRA will conduct a site visit at the registered address on your application form. Their requirements are very specific such as, the office will need to have a separate entrance should you be running the company from a residential address. You will also need to have an immovable computer system (no laptops) with a fully equipped office set up, i.e., telephone land lines, etc.

4. Your PSIRA Certification . Your Security Company will then become a registered Security Company with PSIRA which will allow you to start trading and apply for security tenders and contracts in South Africa.

Everything you need to Register a Security Company in South Africa?

Starting your own security company in South Africa can be overwhelming. There’s a lot of paperwork and compliance administration associated with SA’s private security industry.

Here is a list of all the vital documentation you need to start a security company in South Africa:

• Income Tax Registration
• UIF  or  PAYE / SDL Registration * *If Applicable
• COIDA Registration with the DOL and a COIDA Letter of Good Standing (where applicable)
• Security Business Plan
• B-BBEE Certificate According to new legislation if you have a turnover of less than R10 million, you need a BEE Affidavit. If you need a BEE Affidavit, then click here so that we can assist.

Security Associations in South Africa:

It can be very helpful to keep you up-to-date with the Security industry in South Africa. Here are a few associations which you can register with voluntarily:

• SASA – Security Association of South Africa
• ESDA – Electronic Security Distributors Association
• SAIDSA – South African Intruder Detection Services Association
• SASSETA – Safety & Security Sector Education & Training Authority

Click here to see how we helped Elisheba Security and Cleaning Services get started and become tender-compliant with their Security Company in only two months.

How to Start a Security Company in South Africa?

Starting a security company in South Africa involves several key steps, including registration, compliance, and operational setup. To begin, prospective business owners need to register their company with the Companies and Intellectual Property Commission (CIPC) and ensure compliance with the Private Security Industry Regulation Act by registering with the Private Security Industry Regulatory Authority (PSIRA) .

Key Highlights for Starting a Security Company in South Africa:

• Legal Compliance : It is crucial to register with PSIRA and comply with all their requirements, which include background checks, training certifications, and other operational standards.
• Business Planning : Developing a comprehensive business plan that outlines your business objectives, market analysis, operational strategy, and financial projections is essential.
• Insurance and Equipment : Securing adequate insurance is mandatory to protect the business and its clients. Additionally, investing in the necessary security equipment and technology is vital for effective operations.
• Marketing and Staffing : Implementing a solid marketing strategy to attract clients and hiring qualified security personnel who are registered and trained as per PSIRA regulations will form the backbone of your operations.

By following these steps, you can establish a robust foundation for your security business, ensuring it operates legally and efficiently in South Africa’s regulated security industry.

Table of Contents

Legal Compliance

Legal compliance is a fundamental requirement for starting a security company in South Africa. The first step in ensuring compliance is to register with the Private Security Industry Regulatory Authority (PSIRA). This registration is crucial as PSIRA oversees the security services industry and ensures that all entities operate within the legal framework. The requirements set by PSIRA include conducting thorough background checks on all employees , which helps maintain industry integrity and public trust. Additionally, there are mandatory training certifications that personnel must complete, which ensure that security staff are well-prepared to handle various security situations effectively. Companies must also adhere to operational standards that govern their day-to-day activities, further ensuring that the services provided are reliable and of high quality.

Business Planning

Business planning is critical when starting a security company. A comprehensive business plan serves as a blueprint for your company’s operations and strategy. This plan should detail your business objectives , clearly stating what the company aims to achieve in the short and long term. It should also include a market analysis , which will help you understand the competitive landscape and identify your target market. The operational strategy should outline how your company will function on a daily basis, detailing everything from staffing and training to client engagement and crisis management. Lastly, the business plan should include financial projections , estimating your initial costs, ongoing expenses, and expected revenue. This financial planning is essential for securing funding, whether it’s through loans, investors, or personal capital, and for ensuring long-term profitability and growth.

Insurance and Equipment

Securing adequate insurance is crucial when starting a security company in South Africa, as it safeguards both the business and its clients against potential liabilities. The types of insurance needed may include general liability, professional liability, and workers’ compensation. This coverage is essential to protect the company’s financial health in case of accidents, injuries, or lawsuits that could arise during operations. Additionally, investing in necessary security equipment and technology is vital for effective operations. This includes high-quality surveillance cameras, alarm systems, motion detectors, and communication devices. Modern security technology not only enhances the ability to monitor and respond to incidents but also increases the efficiency and credibility of the security services offered.

Marketing and Staffing

Implementing a solid marketing strategy is fundamental to attract clients. This strategy could involve digital marketing efforts such as a professional website, social media presence, and online advertising. Traditional marketing techniques such as networking events, partnerships with local businesses, and word-of-mouth recommendations also play a crucial role. Moreover, hiring qualified security personnel is essential. Staff should not only be registered with PSIRA but must also meet training standards that comply with regulatory requirements. Ensuring that your personnel are well-trained and certified underlines the professionalism of your service, enhances client trust, and supports the overall reliability of your operations.

Fact Sheet: Starting a Security Company in South Africa

Starting a security company in South Africa involves navigating a series of legal requirements and operational guidelines to ensure compliance and effectiveness. Here’s a straightforward guide to help you establish your security business legally:

1. Company Registration

• Register with CIPC : Your first step is to register your company with the Companies and Intellectual Property Commission (CIPC). You will need to choose a company name, complete the required forms, and pay a registration fee.

2. PSIRA Registration

• Register with PSIRA : The Private Security Industry Regulatory Authority (PSIRA) is the governing body for security service providers in South Africa. Registration with PSIRA is mandatory and includes submitting various documents, such as proof of company registration, ID documents of directors, and a detailed business plan.
• Background Checks : All security business owners and employees must undergo criminal background checks.
• Training Certifications : Security officers need to complete training programs accredited by PSIRA.

3. Business Infrastructure

• Insurance : Obtain necessary insurance policies, which typically include general liability, professional indemnity, and worker’s compensation.
• Equipment : Invest in essential security equipment like uniforms, firearms (if applicable), communication tools, and surveillance technology.

4. Operational Compliance

• Tax Compliance : Register with the South African Revenue Service (SARS) for tax compliance, including VAT if applicable.
• Labor Compliance : Comply with South African labor laws, including employment contracts, fair labor practices, and health and safety regulations.

5. Marketing and Client Acquisition

• Marketing Plan : Develop a marketing strategy that may include online presence, networking, and traditional advertising.
• Client Engagement : Establish a process for engaging with potential clients, which includes consultations, security assessments, and proposals.

6. Continuous Professional Development

• Ongoing Training : Regular training for staff to keep up with the latest security techniques and compliance requirements.
• PSIRA Updates : Stay updated with any changes in PSIRA regulations or requirements.

7. Legal and Regulatory Adherence

• Adhere to Regulations : Regularly review your compliance with all relevant laws and regulations to ensure that your business operates legally and ethically.
• Consult Legal Experts : Consider consulting with legal experts specializing in security services to ensure all legal bases are covered.

Additional Resources

• PSIRA Website : For detailed guidelines on registration and compliance.
• CIPC Website : For business registration procedures and requirements.

By following these guidelines, you can set up a security company in South Africa that is not only compliant with the necessary regulations but also poised for success in a competitive market.

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The content presented on this website was originally created by the team at Legal Advice . All information related to legal firms and legal matters is based on "User Submitted Data" , and or publicly accessible data available from more than one online sources. Should you have any concerns or disputes about the information provided, please feel free to reach out to us at [email protected].

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Security Business Plan

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Our Security Business Plan is focused on the Security and Guarding Industry in South Africa. Included in this option is a Professional Business Plan layout and a 5-Year Financial Projection.

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Our  Security Business Plan  is focused on the Security  and Guarding  Industry in South Africa. Included in this option is a Professional Business Plan layout and a 5-Year Financial Projection.

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PSIRA Business Registration Guide

Explore the comprehensive process of Psira business registration through the following insights.

Psira Business Registration Requirements

Discover the essential prerequisites for registering your business with Psira:

• Ensure your company is registered with the CIPC.
• Possess a valid Tax Compliance Certificate.
• Develop a Security Business Plan.
• Each director is required to hold a minimum Grade B security qualification individually.
• Valid Tax Compliance Certificate
• A Security Business Plan
• Each director must have a minimum grade B security grade in their personal capacity
• Dedicated premises with a desk, computer, filing cabinet and business telephone number

Psira Business Registration Fee For 2024

The Psira registration fee for 2024 stands at R7500, payable directly to Psira.

Directors Needed to Start a Security Company in South Africa:

• A minimum of one director is necessary, and all directors must hold a minimum Grade B security qualification.

Office Requirement for Starting a Security Company:

• Psira mandates that all security companies must have a dedicated office space, which can be home-based. The office should be equipped with a desk, computer, and filing cabinet.

Psira Site Inspection:

After your Psira business registration, Psira will contact you to schedule a site inspection.

Obtaining Security Grade as a Director:

Secure your security grade by contacting a security training academy or allowing Bekin Consulting to facilitate the grading process. Directors must obtain a Grade E-B, and the grading instructor must register on the PSIRA database.

Starting a Security Training Academy:

Initiate the process of starting a Security Training Academy:

• Register your company with PSIRA.
• Apply for training academy accreditation for your security company.
• Pay the required security training accreditation fees to PSIRA.

Need assistance? Contact Bekin Consulting!

How to Register with PSIRA

Register with PSIRA to become a licensed security officer or security service provider in South Africa. Follow our step-by-step guide on how to register quickly and easily.

The way, Security is essential. People will always need security services, no matter how technically advanced we get. Private security services have become a lucrative business in South Africa. Security services, goods, and products are always in high demand, leading to the opening of many new private security companies.

However, there are some specific requirements you need to fulfill to create a legal security company, and registering with PSIRA is the most important one.

Don’t know how to go about it? Stress not! We are here to help you out. Scroll down to learn everything about registering your security company with PSIRA.

What is PSIRA?

The PSIRA stands for the Private Security Regulatory Authority. It is a governing body of private security companies in South Africa, focusing on their compliance and regulations.

PSIRA aims to regulate the private security industry in South Africa. They ensure this by making all private security companies follow a registration process when starting to work in South Africa.

The registration requirements that the PSIRA have are not impossible or challenging, but they are rigid and highly effective as they are designed to prevent the security industry from becoming fraudulent.

Register with PSIRA: Process

Follow the steps below to register a private security company in South Africa:

• Apply For Registration

Private security business owners have to apply for registration through the director of PSIRA. You can download PSIRA registration forms from their official website, print them, and fill them offline. Alternatively, you can also fill the PSIRA form online.

Below are some of the necessary documents you should attach with your forms.

• Entity Documentation
• Trust-Trust Documents or Partnership-Partnership Agreement
• New business registration documents as per CIPC
• Individual documentation from every individual involved
• Registration documents as a security service provider, including accredited training documents.
• Certified copy of PSIRA certificate
• Certified copy of identification card
• Suretyship form
• Business Documentation
• VAT registration number
• Paye number
• Unemployment insurance fund, if registered with the Labor Department.
• Tax Clearance Certificate
• Proof of ownership or lease
• Business plan for one to five years
• A resolution
• Self-assessment infrastructure and capacity report
• Pay the registration fee

To apply for the registration of your security company at PSIRA, you will have to pay a mandatory PSIRA registration fee as part of the process.

• Submit the forms

There are multiple ways to submit your PSIRA registration forms. You can either download, sign and email, or fax the forms back to PSIRA. Alternatively, you can drop the forms at any PSIRA branch near you.

Registering your security company with PSIRA does not only make it eligible and legal but also offers countless benefits in the short and long term. A PSIRA registration ensures that you become a registered security service provider in South Africa . It also allows you to apply for tenders, grants, and contracts.

We hope that this article helps you in the process of PSIRA registration.

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Security Company Business Plan Template

Document description.

This security company business plan template has 31 pages and is a MS Word file type listed under our business plan kit documents.

Sample of our security company business plan template:

Security Company Business Plan [YOUR NAME] [YOUR TITLE] Phone: [YOUR PHONE NUMBER] Email: [[email protected]] [YOUR WEBSITE ADDRESS] Confidentiality Agreement The undersigned reader acknowledges that the information provided by [YOUR COMPANY NAME] in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of [YOUR COMPANY NAME]. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader may cause serious harm or damage to [YOUR COMPANY NAME]. Upon request, this document is to be immediately returned to [YOUR COMPANY NAME].

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Registration

Registration division is responsible for receiving and consideration of all applications for registrations as security service providers. The division has been established and mandated , to ensure that all applicants complying with the requirements of registration, in terms of the section 21 and 23 of the PSIRA Act 56 of 2001 are duly registered to provide security services.

• Proof of Company registration with the Companies and Intellectual Property Commission (CIPC)
• Member’s (Director(s), Partner(s), Trustee(s) and Managers must be registered as a security service provider with Grade B
• Tax Clearance Certificate, VAT Registration Number, PAYE Number obtained from the South African Revenue Service (SARS)
• U.I.F, C.O.I.D (Applicable only if already registered with the department of Labour)
• Business Plan for 1 year
• Declaration of a business’s capability to operate for the next year
• Immovable office premises
• Be 18 years of age and older,
• Be a permanent resident of South Africa,
• Not have committed any of the scheduled criminal offenses listed in the Private Security Industry Regulation Act,
• Have completed training at an accredited training centre,
• Not be a member of any official military, Security Police or intelligence force in South Africa or elsewhere (Clearance certificate is required for former members),
• Pay applicable fee for registration