Stop Small biz Shoplifting in 5 Steps

As a business owner, you’ve got a lot to think about. But no matter how busy you get, you wouldn’t change a thing – you’re living out your dream! And you’d do anything to protect it. That’s why it’s so important to add one more thing to your list of to-dos: preventing theft in your store.

Not sure where to begin? Here are our tips on protecting your hard-earned business dream from greedy hands:

Start with inventory management. If you don’t already have a solid inventory management process in place, now is a great time to start one. Not only will it make it easier to keep on top of your supply, it’ll help you detect any possible theft and expose how it might be impacting your bottom line.

Educate your employees. Your employees are on the front-line of daily operations, so it’s important to teach them best practices. Ask them to be on the lookout for suspicious behavior, encourage them to report anything out of the ordinary and train them to interact with every customer to show that they’re alert to traffic coming in and out.

Organize your store mindfully. Go for a well-lit, open concept and keep items of higher value closer to the register rather than at the storefront. And you’ll want to have a layout that allows your employees to check out a customer while also keeping an eye on the rest of the store — people are less likely to shoplift if they feel watched.

Install surveillance cameras. If you’ve got the budget for it, consider installing video cameras to keep an eye out at all times. And make the presence of them well known — they’ll act as a visual deterrent for shoplifters and as an extra security measure against potential employee theft.

Opt for after-hour security. Finally, you might want to invest in a security system to keep watch while you’re closed. An alarm system will act to scare away potential burglars and notify you of suspicious activity.

When it comes to keeping your business safe, it’s all about being proactive. So take these steps now and free yourself up to focus on what matters most — growing your business dream.

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Related Topics: Safe Business Tips , Business Insurance