Discussion Post
This week I took a deeper dive into the finances of what it would take to make a security company a reality. After doing some research, my biggest costs for startup would be insurance (liability, vehicle, and worker), as well as vehicles (if I chose to buy them), and of course employee salary. Startup costs come in actually very low at around $20,000. The reason being is there is no need for large buildings with a ton of overhead that some other business ventures would need.
Another thing i looked at was competition pricing I would face. Three major players includes Securitas, G4S, and ADT. The former two being international physical security companies and the last one being US based home security systyems. I directly compared how much operating costs would be with average pricing models. What is going to drive my prices would be the middle ground between covering costs and being competitive with the massive firms already in the market.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.