Depending on how much you have to make investments, Entrepreneur stories you could spend wherever from $10,000 to $50,000 to start your business. Starting on the low end, accumulate the instruments you’ll use every day starting from pliers and steering bar unlockers to a key punch machine and an entire set of lock picks. Keep your bigger equipment at home and purchase a van to be able to make keys on the spot once your business is up and running. The bonding agency could require you to hold extra insurance, such as liability. Locksmith certification is usually required, as is proof of skilled coaching.