subject: Preserve Dollar Store Profits with Sound Loss Prevention [print this page] Preserve Dollar Store Profits with Sound Loss Prevention
Do you want to know how to start a dollar store? Do you want to know one of the mission critical topics few talk about? That topic is loss prevention and security. For some reason most fail to really examine this important subject. Even worse, they fail to provide information to position you to better manage your business. After all, who wants to invest their hard earned money in a new business, and then work very hard to prepare and launch that business only to find out about the topics of inventory shrinkage and loss by having the first-hand experience of a theft? Who wants to learn as they watch their dollar store profits go to an unknown perpetrator? Read on for more on this important topic.
* Review security recordings for unusual and inappropriate activities.
It takes time and commitment to review tapes on a routine basis. Yet those who know how to start a dollar store realize they must find the time. Follow their lead. Schedule time and review at least a part of your security camera recordings. Whether this is done while at your store or while you are away from your store it is an important action to take. Be on the lookout for suspicious actions involving cash and cash handling, the dollar store merchandise on the sales floor and in the stock room, and in the behavior of your employees. Remember your dollar store profits are at risk.
* Conduct impromptu store visits at varied hours.
These visits can be made by you, by a trusted person, and by a secret shopper. You will be surprised to see some of the activities taking place when the boss is out of the store. By observing first hand you will better understand the employees to trust to do the work. You will see firsthand which employees are ignoring their training, direction and job assignments. You will also see any inappropriate actions, if they are occurring at that time.
* Don't blindly trust anyone with your store.
People must earn and then maintain your trust. Never blindly assume everyone can be trusted. Those who know how to start a dollar store recognize their store is a business venture. They recognize they are responsible for making sure it is profitable and the dollar store profits are actually retained.
* Role model trustworthiness yourself.
You must be the role model of appropriate behaviors. Never remove merchandise or money for personal use. If you do make personal purchases make sure they are handled as regular, routine sales transactions rather than just items you pick-up and walk away with. To your success as you discover how to start a dollar store!
