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Those entering the world of retailing soon find it can be fun, challenging and rewarding all at the same time. There are so many different things tugging you in every direction. There are so many tasks to be completed and so little time. It is very easy to put off the less desirable tasks in favor of the more enjoyable duties. One of the less desirable duties is associated with protecting your business from sustaining losses. Yet failing to take the right steps exposes your business, your employees and you to risks. There are risks of theft of dollar store merchandise, dollar store sale receipts, and more. Yet doing a little training and taking a few important steps can significantly reduce the risks. You must do everything possible to protect your dollar store business from theft. Start by becoming aware of just how much exposure you face. If you own a dollar store learn the statistics for you locale and industry in general. Learn the more common methods shoplifters and others employ when they steal dollar store merchandise. Learn the steps you should take to safeguard your investment. Implement safeguards to protect your business. Start with an assessment of the store. Your local law enforcement and commercial insurance carrier can be very helpful in this effort. Seek their inputs and then create your plan for minimizing risk. Likely this plan will include managing traffic flow, adding security cameras, security monitoring, training and more. Seriously work to protect your employees, your dollar store merchandise, and yourself. Invest the money required to reduce your risk. Protecting your store takes an investment. Yet the hundreds or more invested will be repaid many times over. Start with the basics such as pens or readers to detect counterfeit money. Then move on to a store security camera system. Don’t forget to cover blind corners and over all the cash registers. Posting signs noting security cameras are in operation will help. Some would-be thieves will choose to avoid the risk of being recorded and captured for stealing in your dollar store business. Don’t forget to consider adding a panic button for cashiers – and then train before setting any expectations of use. Finally, examine options for real-time monitoring of your business. It is virtually impossible to totally eliminate theft from your dollar store business. No matter how careful you and your staff are, there will always be someone who is cagier and more cunning than the last thief. Your challenge is to do everything possible to protect your business, your employees, your dollar store merchandise and others in your store. You must stay informed about the latest techniques being used to steal. You must do everything possible to minimize losses by taking advantage of the latest technology. To your dollar store success! Learn how you can Start your own Dollar Store Business.
Bob Hamilton is an entrepreneur, author, writer, business consultant and trainer.
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