It is difficult to obtain a long-term executive protection (EP) contract as an individual operator. However, it is not that difficult to start a PE company. If you have the experience, training, and knowledge, you can start a PE company, a company that is fully committed to providing the best protection for its customers. Before you decide to venture out on your own, here are some important tips to get you started:
• Get the proper license in your state to start a PE business.
• Choose a name for your record company that is unique and free from trademarks and copyrights.
• Obtain a business license or corporate entity.
• Go to a bank and establish a business bank account (savings and checking).
• Get a business card printed with the name of your PE and your name and title (managing director).
• Money in the bank to cover the allocation costs of your EP before the client finances it. Initially paid daily expenses while on assignment; this includes airfare, hotel, meals and transportation.
• If you are just starting out or are an experienced EP professional; you have to have an EP contract. Your EP contract protects you and your business from being ripped off. Hire a lawyer to prepare a professional and legal EP contract exclusively for your company.
• It is not unusual to incur a $5,000 expense reimbursement when staying at five-star hotels and being forced to eat expensive food at the hotel restaurant with your client. Not to mention flying business class when traveling with the client. You should be able to cover all of this either with cash or credit.
• Congratulations, you are now the owner of your own EP company. Now is the time to create his own success as a PE business owner.
You must be willing to work on creating, promoting, marketing, and selling your EP services. The competition in the industry is great, so you have to make the services you provide great too. When starting, you need to accept tasks as often as possible and in as many different places as possible (various cities and countries). Over time, you can become more selective about which clients you work with personally and at which locations. Just assign your other agents to work with those clients and in those locations that you chose not to, but that should come later.
At first, you can’t afford to pass up an EP assignment opportunity by working with various clients and locations, gaining additional work experience and funding for your EP business. Although the EP business is not all about money, you must be willing to put yourself in danger as a last resort to protect your clients. However, making a living owning your own EP company should eventually give you the luxury of being able to afford to do what I love, executive protection, without having to worry about money.
Good EP business owners will get EP contracts. You may have to do several different contract interviews before getting an assignment, but if you do enough interviews, you will eventually get a contract for your EP company. Don’t take “No” for an answer; don’t let a “No” from one company destroy your chances of getting a contract from another company. Potential clients are going to say “no” sometimes to your contract proposal. You just have to find customers who say “Yes”.
Remember that the EP business is extremely competitive and you must believe in yourself and the protection coverage you provide. This of course includes the establishment of secure accommodation for the client, VIP or fast track immigration and customs service at the airport, secure transportation for clients so that they can proceed expeditiously but safely to their meetings and business functions. scheduled. Make sure beforehand that the routes have been analyzed and the destinations of the venues evaluated and that safe havens have been established in case the droppings come into physical contact with the fan.
There is much more to know about the business that does not fit in this short article, but these are the essential points. Good luck in your EP business and good luck.