A Blog for Small Business Owners & Operators

Reducing Your Average Daily Loss

Posted by LP Innovations

Nov 10, 2011 11:07:00 AM

As a business owner or operator you have a business plan that outlines your strategy for sales and operations. You measure your sales and analyze how much you make daily, weekly monthly and annually.

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Topics: store operations, shrink awareness

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: loss prevention development, store operations