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Loss of revenue through crime can put a dent in your bottom line. Learn how to implement systems to reduce losses.
Businesses must take steps to protect products, cash on hand, and critical data. Loss prevention is most successful when the business can plan ahead and implement systems to help them monitor and control key areas. There are a myriad of programs, processes, and steps that can be taken to reduce losses. Often, more losses stem from employee theft and mis-management than from customer theft. Some loss prevention steps small businesses may want to consider: - Good hiring practices and background checks
- Employee trust programs; building pride and ownership
- Cameras used for surveillance 24/7
- Staff critiques from camera films (sales, techniques)
- Shoplifting detection and resolution
- Inventories and safe deposits of showcase items
- High speed internet connections
- Audit impact and costs
- Software programs for financial control
Ask a SCWBC business coach to help you implement a loss prevention program that addresses your specific business needs. Request a consultation to get started. |