Do you want to start a private investigation company from scratch? Or you need a sample private investigation firm business plan template? If YES, then i advice you read on.
With the rapid increase in unresolved murder cases, and other crimes; this is probably the best time to invest in starting a private investigation firm. Private Investigation business is very suitable for anyone who has a knack for solving problems, digging up facts and also listening and observing people and events. Private investigation although very risky, is a financially rewarding career.
The job of a Private Investigator is to help solve problems and shed light into confusing situations. For instance, people may hire private investigators for the following reasons-:
Table of Content
- 8 Duties and Responsibilities of a Private Investigator
- 6 Skills You Need to Succeed as a Private Investigator
- a. Patience
- b. Attention to detail and Thoroughness
- c. Be Organized
- d. Photography skills
- e. Knowledge of laws
- f. Computer Proficiency
- 1. Apply for a private investigator license
- 2. Choose a field
- 3. Undergo some training
- 4. Purchase Equipment
- 5. Find an Employer
- 6. Make Friends with people in the industry
- 7. Embrace Technology
- 8. Create a business plan
- 9. Try as much as possible to keep your overhead costs low
- 10. Avoid getting too attached
8 Duties and Responsibilities of a Private Investigator
- To look into the background and lives of prospective employees to be sure that they have no history that the prospective employer should be concerned about.
- To look into the lives of prospective tenants before renting properties out to them.
- Some people hire private investigators to look up on seemingly cheating or unfaithful spouses.
- Investigate people making insurance claims to be sure that the claims are not shady or false.
- Help in solving criminal cases.
- Investigate cases of fraud.
- Help to find missing persons.
- Private investigators may also be involved in helping to investigate and solve internet crimes.
Private investigation career is very interesting and challenging and to be successful in this business, you would need a set of skills which include-:
6 Skills You Need to Succeed as a Private Investigator
The first skill you need is patience. You need to be persistent and patient because you might not find what you are looking for easily and if you give up easily, you may miss important details.
b. Attention to detail and Thoroughness
You would probably be trying to trace people who do not want to be found or uncover information that has been well kept from prying eyes therefore; you have to pay attention to even the smallest of details. You should also be very thorough and never leave anything out when conducting investigations.
c. Be Organized
This is highly necessary especially if you would be handling more than one case at a time. You must be able to keep things straight without mixing up details.
d. Photography skills
Most times, you would need photographic evidence to back up your facts. This means that you must have basic photography skills.
e. Knowledge of laws
You also need to have a good knowledge of the law in order to avoid gathering evidences in illegal ways or engaging in anything that would be considered as illegal. Also, for evidences to be admissible in court, it has to be obtained the right way. So, you must ensure that you have a solid knowledge of what is right and what is not.
f. Computer Proficiency
Another very important skill that you need is the ability to use computers and research information on the internet. Good private investigators know how to surf the internet to get hidden information that people may not want to find.
To start your own private investigation business, these are the steps you should follow-:
Starting a Private Investigation Firm – Sample Business Plan Template
1. Apply for a private investigator license
You cannot practice as a private investigator without a license. You have to apply for a license and write qualifying examinations before you can qualify to practice as a private investigator
2. Choose a field
Private investigation is a very broad career and you may have to choose an area of specialty. For instance, you can settle for investigating relationships and extra marital affairs, you can focus on financial investigation or settle for assisting lawyers or law enforcement agencies in solving cases. Choosing a specialty would help you concentrate and specialize on one field so that people can see you as the go-to person in that field.
3. Undergo some training
Private investigation is very technical and to succeed, you would need to undergo some training to build your experience. You can build more experience by-:
- Working with private investigation firms
- Working with law enforcement agencies
- Taking courses on private investigation
Apart from training, you also have to have a passion for this career in order to succeed.
4. Purchase Equipment
You would need some special equipment to start a private investigation business, some of which include-:
- Surveillance vehicles
- Video Camera
- Voice recorders
- Smart phone
5. Find an Employer
Next, you would have to start searching for clients to patronize your business. Consider sending introduction and business proposals to law firms, insurance companies, accountancy and audit firms, law enforcement agencies and several other companies that may need the services of a private investigator.
6. Make Friends with people in the industry
It is also important to make friends and network with people within the industry. You would be able to learn more about the business and get business opportunities. You should also read books, publications and blogs that discuss private investigation career so that you can learn a lot more information.
7. Embrace Technology
To succeed as a private investigator, you have to be as tech savvy as can be. You need to learn about the latest gadgets that would enhance your business and how to use them.
8. Create a business plan
Don’t make the mistake of thinking that you don’t need a business plan to operate your private investigation firm; you can never go wrong with a well write business plan which would serve as a guide and a control mechanism for you in the business.
9. Try as much as possible to keep your overhead costs low
It’s easy to get carried away in this business especially if you are someone who has a passion for it and you may not realize it when you start overspending in a desperate bid to solve cases.
Remember, it’s a business and you are in it for the profit and not for charity so, strive as much as possible to keep your expenses low and maximize your profits. You should also outsource when you cannot handle a job on your own.
10. Avoid getting too attached
You should also avoid getting too emotionally attached when you take up contracts. That’s the only way you can stay ahead of the game and make profits in this business.
These are the basic things that you need to know to start a private investigation business.