A Blog for Small Business Owners & Operators

A Day without loss prevention is a Dollar Lost

Posted by LP Innovations

Oct 13, 2011 11:00:00 AM

Retail theft is more than a $35 billion dollar issue. Studies, surveys and interviews with industry experts show that regardless of the size or segment of your business, theft can destroy profitability.

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Topics: loss prevention program, loss prevention development

Am I running a “Not for Profit” Business?

Posted by LP Innovations

Sep 29, 2011 11:30:00 AM

When it comes to thinking about loss caused by theft and error, many small business owners view their losses as little more than “nickel and dimes.” It is often alarming, that when some actually look deeper they see that the hidden impact is a lot bigger than one might suspect. Here is a little scenario to highlight that point.

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Topics: budget & ROI, loss prevention development

Using Loss Prevention Concepts to Increase Your Revenue

Posted by LP Innovations

Sep 8, 2011 9:30:00 AM

Running a business requires knowledge in various areas including merchandising, operations, finances and human resources to name just a few. The amount of time, effort and money it takes to make a sale is substantial. But what efforts do you make to ensure those sales become revenue? What are you doing to protect and improve your profitability?
 
Here are 5 items that you can develop to help protect your revenue from costly losses.

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Topics: store operations, loss prevention development

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

Too small to worry about employee theft? Think again.

Posted by LP Innovations

Jul 29, 2010 2:27:00 PM

When you hear stories on the news regarding employee theft do you discount that story if it involves a big name retailer?

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