Too often I talk with security companies whose owners and/or managers believe that any company that provides security guards are their competition. This is especially true of small to medium-sized security companies. If you are one of those owners/managers let’s see if I can change your frame of reference a bit. As a foundation for this Continue reading
My intent in attending ASIS 2017 Dallas this year was to talk with exhibitors that might have had products or services that were of interest to security guard companies. I intended to take that information and report back to you. But while I was there, I observed several things that I believe are more important than any of the exhibitors at the show. Consequently, I decided to talk about my 3 biggest takeaways from attending ASIS 2017. Continue reading
I remember very clearly the first time that I saw the results of a bid where every bidder was required to submit their company cost (i.e. Unemployment rate, uniform cost, workers comp, etc.) to show how their billing rate was calculated. I also remember the shock of comparing my company’s State Unemployment Tax Act (SUTA) rate against some of the other bidders. I thought that something had to be wrong with our rate because it was noticeably higher than Continue reading
As you already probably know, it can be extremely difficult to stand out as a security guard company in the security industry. It is a fairly straightforward business, and many people still mistakenly believe that simply “providing good service” is enough to win new clients.
If you truly want to be successful, you will have to identify and develop your company’s USP (Unique Selling Proposition). Developing your unique selling proposition is a two-step process: 1) Identify your Continue reading
When you’re hungry for business, it can be tempting to focus on just coming in with the lowest bid. But this kind of pricing strategy isn’t sustainable and can actually keep your security firm from growing. In addition, underbidding creates an atmosphere of firms racing to the bottom, which hurts the security guard service industry as a whole.
Security is an inherently risky industry. And while you want your business to grow, every time you sign a new contract you’re taking on heavy liabilities and risks that could quickly get out of hand. One of the best ways to get a handle on these risks and opportunities is the security guard bid conference (sometimes known as a pre-bid conference).
Large potential clients, such as municipalities, corporations and health care providers, hold these conferences with multiple security firms at once to give them an opportunity to find out more about the scope of work and the procurer. Continue reading
Sooner or later it happens to you: You’re in the process of courting a new client, one that can really make a difference for your business. Everything seems to be going well, until it comes time to start discussing the security guard contract and then they begin asking questions about those terms that you’ve always meant to figure out. Now what?
It’s always best to have your own contract ready — one that your own legal counsel has gone over with you — so you don’t have to rely on the client’s language. But some potential clients might want to use their contract language, and that can increase your risk to a level you don’t want to take on. The Mechanic Group, a provider of insurance for private security firms, has created a quick primer to get you up to speed on terms that every security company executive should know, with the understanding that you should always consult your own legal counsel before signing any contract. Here is a summary of their primer. Continue reading
Back in 2010 I had a GREAT idea for a new company. My father and I had recently sold our contract security company, so I was looking for my next challenge. Prior to selling I’d had a lot of success acquiring new contracts based on our use of technology. The main component of our technology offering was a wand based tour tracking system which provided our customers with proof that our officers were doing their jobs. Although that technology is now considered Continue reading
If you’ve been following this blog for any length of time, you know that one of our ongoing themes is that cold-calling is no longer an effective way of finding new business. Your potential customers are just too busy managing their day-to-day operations to talk to you about your company. So how should you go about finding new security guard clients? I’ve written about the answer to that question in our free eBook All The Things That No One Told You About Selling Security Guard Services, but there is another relatively easy way that I haven’t talked about – webinars.
In today’s business environment where resources are scarce and sometimes non-existent, how do your customers find answers to the challenges that they face? If they have the time, they might try searching the internet or posting questions on sites like Quora or LinkedIn. All of which can provide great answers, but would your customers ever consider using your company as a resource? If not, chances are they see you as just a security vendor.
Consider this, you probably have clients that are fairly similar and have faced and solved many of the same types of challenges. So if your customers aren’t leveraging you as a resource, both you and your customers are missing a huge opportunity. Here are a couple of great examples of how I have seen clients tap their vendor networks to help solve some of their challenges.