Are Thieves Stealing Your Business Dreams?

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. If you’re opening a ‘bricks and mortar’ store, an important consideration is theft which can significantly cut into your bottom line if it goes unchecked. Security is thus a key consideration. The following contributed post is thus entitled; Are Thieves Stealing Your Business Dream?

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If there’s one bain in retail, it’s theft. This could unravel your company finances if you aren’t careful, as you’re finding out the hard way. Ever since opening your store, you’ve seen a real drop in profits due to customer theft. And, you don’t have a clue what to do about it.

It’s a worrying situation, and one many business owners face. You’ve worked hard to build this thing up, and people are taking it without paying a penny. It’s a crushing experience, but, it’s important to remember that you aren’t at the mercy of thieves. It’s well within your power to address this problem. All you need to do is consider the following reasons you haven’t managed to do so until now.

You don’t have a visible security presence

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If you don’t have a visible security presence, is it any wonder theft is rife? It would be a mistake to think that the odd security camera is going to stop you feeling the sting of crimes like these. Like anyone, thieves know their trade. They know that no one will be watching those cameras if there’s no security guard on your door. You need to show them that you have a security presence they don’t want to mess with. That means employing a physical security guard. Bear in mind that you want someone who knows their stuff for keeping your store safe. Your best bet would be to work in conjunction with a company like Ops Security Group who have gained recognition from the security guard company award in the past. That way, you know your security will be in good hands from now on. Then all you need to do is station them by your store entrance and watch your theft losses come crashing down.

Your products are easy to pocket

It’s also worth thinking about your products. Large items like televisions are pretty hard to get away with. While theft does still happen, it’s a less frequent occurrence. If particular products are stolen often, ask yourself whether they’re too easy to pocket. If a thief sees a small unsecured item, they’re going to grab it. To make sure that doesn’t happen, it’s worth placing your smallest items in security boxes. That’ll make a massive difference to theft on the whole.

Your store has too many blind spots

Thieves love nothing more than blind spots. These make for prime pickings, and you can bet theft will increase if you have too many of them. A blind spot is an area where thieves know you can’t see them. This is most commonly on the ends of aisles, but corners cause issues here, too. If you think this is where you fall, it’s time to open your eyes. Going for an open-plan layout in your store may well be best. Do away with aisles, and display products on tables instead. Failing that, make sure that you cover areas like these with security cameras which are plain for everyone to see.