Tips For Business Owners: Loss Prevention

By Mark Mahaffey


If you are the owner of your business, then you are likely familiar with the threat of shoplifting. But are you aware of how much money is lost in businesses each year due to shoplifting? That figure may be as high as twenty five million dollars! This sends a clear message to business owners!

And that message is to take loss prevention seriously. For starters, a business owner should know about the common characteristics that shoplifters have in common. Take time to study these traits, so that you will be better prepared to control shoplifting in your own store.

For instance, crooks in your business who are considering shoplifting can act in specific ways. You may notice that they look like they have guilt. If you watch them closely, you may notice that they pick items up and put them back down, almost without seeming to be thinking about what they are doing.

Another thing to watch out for is someone who keeps coming into your store, several times a day. If you notice this happening, watch out, because he may be planning the best way to rob you. He may be learning about your employees, where certain items are positioned and what time of day is ideal for stealing.

There are also practical things you can do to reduce shoplifting. Do you have a place in your store where people can try on clothes before deciding to buy them? If so, you may be suffering loss as people steal from you while in these changing rooms.

Hire someone to work the dressing room by counting the number of items each customer takes into and brings out of the dressing rooms. The best way to do this is by assigning tags with numbers on them to each customer. If a customer takes 3 items into the dressing room, give them a tag with the number 3 on it. When they come out, you will have an easy way to remember how many items they took in with them.




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