Why Premises Security Is A Worthy Investment For Startups

Last Updated: 

October 18, 2022

Want to Close Bigger Deals?

Setting up a new venture is a lot of work as you have to take care of endless tasks on a tight budget. Every small step seems crucial to get off the mark, from renting an office to hiring a team and creating a workflow. But you may overlook premises security as it does not seem vital during the early stages. Moreover, saving some dollars is an alluring prospect. But safeguarding your people and assets is as important as anything else, regardless of the size, scale, and money constraints. Here are some valid reasons for premises security being a worthy investment for startups.

Threats exist even for startups

Threats exist for every business, and you cannot overlook them only because you have fewer people and assets on your premises. The risk is even higher if you deal in cash or run a high-value venture like a jewellery outlet or retail store. Besides the external threats like theft and vandalism, you cannot overlook the possibility of employee theft, data leaks, and internal pilferage. Investing in security can save you from these risks and threats.

Security translates into professionalism

Building a positive image and reputation is crucial for startups. Think beyond branding and marketing because the first impression people get while visiting your premises matters a lot. Having secure premises is particularly important for customer-facing businesses like retail and hospitality. Likewise, it presents a professional image to potential employees and strengthens your employer's brand in the long run.

Surveillance equipment is a lasting investment

Surveillance equipment goes a long way in securing your premises as it tracks every movement around the area. Moreover, it reduces the dependency on human guards. The best part about installing security gate cameras and more in strategic locations is that they make a long-term investment. You spend on them once, and they last for the years to come and protect your business from internal and external threats. Setting aside a part of your budget for this purpose is the wisest decision.

Savings on insurance costs

Besides preventing financial damage due to theft, premises security investment can save you big money by lowering the insurance costs. Your premium bills are lower if you have high-tech surveillance systems in place. An insurance provider considers you a profitable prospect if you implement adequate measures to safeguard your premises. The expense definitely makes sense as you can save on insurance premiums every year.

Employees feel motivated

Employee loyalty is an asset for any startup, and premises security can significantly boost it. Showing that you care for employees' safety and well-being makes them more productive and motivated. It even increases retention, which is a crucial aspect of running a startup venture. Spending a bit on workforce security entails immense benefits for your growing organisation.

Implementing best practices for securing your startup premises is a worthy investment, even if it seems taxing for your shoestring budget. Explore your options in security equipment and get the best ones at optimal prices to create a robust foundation for your safety plan. Review it often and fine-tune it according to your evolving needs.

People Also Like to Read...

Don't forget to check out our Case Studies and also how Business Coaching can help your business. If you're ready to talk further and get the full coaching experience you can book a FREE 30-Minute Coaching Session.