A Blog for Small Business Owners & Operators

A single theft: The true cost of a loss

Posted by LP Innovations

Sep 7, 2010 10:02:00 AM

Maintaining tight inventory levels is good business.  Good inventory levels keep the cost of goods reasonable and allow any business to be in a position of profitability. However, any loss of inventory due to theft, error, waste or damages will impact the overall cost of goods sold. An increase to costs of goods will most certainly impact your profitability and margin.

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Topics: preventing theft, small business theft, loss prevention awareness

4 Common Errors Causing You Loss

Posted by LP Innovations

Aug 31, 2010 12:57:00 PM

A dictionary would define an error as something incorrectly done or a mistake. In business, an error can be defined as a contributor to loss. Understanding that not all losses are theft-related, here are four of the most common errors we have found when working with retailers and businesses. 

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Topics: loss prevention awareness, loss prevention

4 Steps to prevent employee theft from hurting your business

Posted by LP Innovations

Aug 26, 2010 8:54:00 AM

Here are some common facts regarding employee theft within the retail environment.  Not specific to any retailer of size, segment or environment, see how many of these facts surprise you!

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Topics: loss prevention development, small business theft, loss prevention awareness, policy development

Got Key Loss Prevention Policies?

Posted by LP Innovations

Aug 6, 2010 11:24:00 AM

When it comes to protecting your business against loss, there are certain areas that you want to have written and acknowledged policies

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Topics: small business theft, loss prevention awareness, policy development