It is difficult to obtain a long-term executive protection (EP) contract as an individual operator. However, it is not that difficult to start an EP business. If you have the experience, training, and knowledge, you can start an EP company, a company that is fully committed to providing the best protection for its customers. Before deciding to venture out on your own, here are some important tips to get started:
• Get the proper license in your state to start an EP business.
• Choose a name for your record company that is unique and that is not a trademark or copyright.
• 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 your EP company name and your name and title (managing director).
• Money in the bank to cover the EP allocation costs before the client reimburses it. He initially paid for daily expenses while on assignment; this includes airfare, hotel, meals, and transportation.
• If you are just starting out or are an experienced PE professional; you have to have an EP contract. Your EP contract protects you and your company and to avoid being scammed. Hire an attorney to draft a professional and legal EP contract exclusively for your business.
• It is not unusual to incur a $ 5,000 expense reimbursement when you stay in five-star hotels and are forced to eat expensive hotel restaurant food with your client. Not to mention flying business class when traveling with the client. You need to be able to cover all of this, whether it’s cash or credit.
• Congratulations, you are now the owner of your own EP business. Now is the time to create your own success as a PE business owner.
You must be willing to work to make, promote, market, and sell your EP services. The competition in the industry is great so you have to make the services you provide great too. When starting out, you should make assignments 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 where. Just assign your other agents to work with those clients and in the locations you chose not to, but that should come later.
At first, you cannot afford to pass up the opportunity to complete EP assignments by working with multiple clients and locations, gaining additional work experience and financing for your EP business. Although EP’s business is not all about money, you must be willing to put yourself in jeopardy as a last resort to protect your customers. However, earning a living as the owner of your own EP business should eventually give you the luxury of being able to do what I love, executive protection, without having to worry about money.
Good EP business owners will land EP contracts. You may have to go to several different contract interviews before you get an assignment, but if you attend enough interviews, you will eventually get a contract for your PE 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 will 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 protective coverage you provide. Of course this 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 quickly but safely to their meetings and business functions. scheduled. Ensure beforehand that routes have been analyzed, venues destinations have been evaluated, and safe havens have been established in case excrement makes 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 absolutely essential. Good luck in your business EP and God speed.
