One of the burning questions on the mind of many that start up in this business is: what should I charge for my services? People that are new to business, approach the situation with little or no knowledge of what ‘profit’ is and how to generate it. Some people incorrectly see the salary that they [...]
Most private investigation agencies or companies are small; consisting of one or two investigators. There are very few of, what could be described as, large private investigation or detective agencies within the UK. Although there are many PI agencies that market themselves as providing services throughout the whole of the UK, it is a fact [...]
Cash-flow is the back-bone of any business and one of the problems with being in business is that the work isn’t really finished until you get paid. The issue of late payment of invoices is not a new one but it is a growing problem that could spell disaster for many Private Investigation Agencies out [...]
It is widely known that clients prefer fixed fee agreements for instructions but, in general, Private Investigators still prefer an hourly rate on the basis of charging a fair day’s fee for a fair days work. Moreover, there is always the question of mileage costs (bearing in mind the cost of fuel these days) and [...]
What are your competitors doing? Have you carried out any research in respect of your potential competitors? Many people enter into business wearing a blind fold and operate in a vacuum. They seem to pay little heed at all to what is going on around them. It’s all well and good looking around you and thinking that [...]
It is a fact that if you win clients for your Private Investigation Agency based on price, you will lose them just as easily when you base your strategy on price because there will always be someone that comes along and undercuts you. Many people still base there buying decisions on price alone which, if you [...]
Traditionally the private investigation industry has been dominated by former law enforcement and ex armed service personnel. Therefore, it is hardly surprising that many private investigators struggle when it comes to the business side of PI work. As public service investigators you will have been used to accepting your case load along with the tools and [...]
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