Full disclosure, I run a small cyber security business and was in the info/cyber security for nearly 20 years before I started out on my own. The level of competition in the cyber security services industry depends largely on your area of specialization and how big and organized your cyber security services company is. When it comes to starting a business of this nature, it will pay you to buy the franchise of a successful IT security consulting firm as against starting from scratch. Cyber security. Globally, a hack in 2014 cost companies $7.7 million on the average. Protect your Intellectual Property With Trademark, Copyrights, Patents, 11. As a result, the average cyber-attack costs a small business about $200,000. At this point, you should know everything there is to know about your local market and where your cybersecurity company will fit in. Starting this kind of business definitely entails that you acquire the required degree and profession certifications and also build good working relationships with stakeholders in the industry. You’ll also motivate them to spread the word about your cybersecurity business. The fact that there are people and organizations out there who would always need the professional services of cyber security companies from time to time to sort out cyber security related issues et al makes the business ever green. When it comes to choosing between renting and leasing an office space, the size of the cyber security consulting services company you want to build and your entire budget for the business should influence your choice. Introduce your business by sending introductory letters alongside your brochure to all the corporate organizations, business owners, research centers, institutions, banks, military establishment, blue chip companies, businessmen and businesswomen, start – ups, entrepreneurs, aspiring entrepreneurs, and telecommunication companies within and outside the city you are operating in who have the capacity to pay for your services. Keyboard Cyber Security Consulting Services, Inc. CISSP: Certified Information Systems Security Professional, CISM: Certified Information Security Manager, CISA – Certified Information Systems Auditor, GIAC Certified Windows Security Administrator, OSWP Offensive Security Wireless Professional, SSCP – Systems Security Certified Practitioner, CRISC – Certified in Risk and Information Systems Control, ECSA – EC-Council Certified Security Analyst, Cisco Cybersecurity Specialist Certification, Apostille (for those who intend operating beyond the United States of America), Raising money from personal savings and sale of personal stocks and properties, Raising money from investors and business partners, Pitching your business idea and applying for business grants and seed funding from donor organizations and angel investors. The short answer is that starting a cyber security company is in many ways just like starting any kind of company. You can decide who your target audience will be by taking a look at your options and narrowing them down to a very specific group of businesses. The possibility of you coming across similar business that just closed shop in the location you want to open yours can’t be ruled out,  which is why it is very important to gather as much facts and figures before choosing a location to set up your own cyber security consulting services company. Most cyber security companies tend to offer general services that a standard cyber security company is expected to offer. 6 Best Cyber Security Franchise Opportunities for Sale, Starting a Cyber Security Monitoring Company – Sample Business Plan Template, Starting an Online Identity Theft Protection Company – Sample Business Plan Template, A Sample Cyber Security Business Plan Template, 50 Best Cyber Security Business ideas for 2021, Interesting Statistics About the Cyber Security Industry, 2. You’ll also want to legitimize it in other ways by doing things like: You’ll officially be on the verge of putting your cybersecurity business on the map. A security company is a good option for a mid-career change, and some people involved with law enforcement decide to start their own security company since they have the necessary skills and experience to succeed. It’ll be up to you to market your cybersecurity company’s services to the masses. Feeling Nostalgic for Your Grandmother’s China? Starting a cyber-security company requires professionalism and a good grasp of the ICT industry. So, if you have done the required feasibility studies and market research, then you might want to venture into this business. Even though it is relatively expensive buying the franchise of an established IT security consulting services firm, but it will definitely pay you in the long run. Types of Constraints That May Affect a Business Plan, Herjavec Group (Information Security Services), Force point (Cloud, Mobility & IoT Security), Lockheed Martin (Cybersecurity Solutions & Services), Symantec (Endpoint, Cloud & Mobile Security), IBM Security (Enterprise IT Security Solutions), Cisco (Threat Protection & Network Security), BAE Systems (Cybersecurity Risk Management), Clearwater Compliance (Risk Management and Compliance), Rapid7 (Security Data & Analytics Solution), DFLabs (Automated Incident & Breach Response), Rowland Pence & Co® Cyber Security Consulting, LLC, J P Mullen Cyber Security Consulting Services, LLC. Management process that doesn ’ t have risen if you are looking towards defining the for! That will enhance business and consumer confidence said, cyber security online Revenue Streams for:., then you might want to start your own security company is able to offer to your target audience a... 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