Running a business can be difficult. One of the most difficult parts or running a business is security. Whether you know it or not, one of your obligations as a business owner is to prevent criminals from taking advantage of you. You can’t rely on the police either. They only get involved after a crime occurs, not before.
Overall, keeping your business secure is integral to keeping it productive. If you don’t have to worry about security, you can focus more on delivering a quality product to your customers. Below are a few strategies you can use to accomplish this.
These days, not all criminals you have to worry about will try to steal from you in person. Instead, they may be thousands of miles away from your business in a foreign country. Hackers and cyber criminals can steal from your business and your customers through the internet. Hackers cost people $172 billion a year. Make cyber security a priority for your business.
Breaking and Entering
If you have physical stores, factories, warehouses, offices or other facilities, you need to be aware that you could be targeted for a breaking and entering. Criminals will steal anything. This includes products, machinery or even raw materials. Securing your own premises can be tough especially if it covers a large area. Consider publishing openings for security jobs so you can find the personnel you need to prevent break-ins.
Shoplifting is a kind of theft that occurs when consumers enter a store legally during business hours and then hide items on their person to steal them. Shoplifting is a huge drain on profitability for scores of businesses. You need to do what you can to curb shoplifting to stay profitable. One of the only ways to do this successfully is by installing security cameras inside your stores.
While employers would like to think they can trust employees not to steal, this is sadly not the case. Theft by employees costs businesses a total of $50 billion each year. You need to be selective in who you hire. You also need to make sure employees are always monitored even if they aren’t always directly supervised by management. It’s the only way to be sure.
Theft is a big threat to businesses. It can hamper productivity and erase profitability. Make sure you confront the four different kinds of theft from businesses listed above. Doing so can save you a lot of money and help ensure that your business can survive well into the future.
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Guest author, Lizzie Weakley is a freelance writer from Columbus, Ohio. She went to college at The Ohio State University where she studied communications. In her free time, she enjoys the outdoors and long walks in the park with her 3-year-old husky Snowball. @LizzieWeakley