Welcome to the Member’s Blog
October is Small Biz Month
October is Small Business Month and Independent Retailers win with a 50% savings on the annual subscription of best practices shared by Bottom Line Matters
It only takes a click… the small business risk checklist
October is Small Business Month. In collaboration with Microsoft, Bottom Line Matters founder Stephen O’Keefe was asked to share valuable insights that matter to a retailer’s bottom line.
How to Build your own Loss Prevention Audit
Building your own Loss Prevention Audit for your Retail Business is key to understanding where you may have a risk of drain profits from shrinkage.
What to do when an Employee quits
What do you do when an employee quits or gets fired? Do you restrict access? If that’s when you chose to do it, it is probably too late.
Security Tips for Retailers on a Budget
Security tips for retailers on a budget have never been easier and it does not mean you have to give up the farm, there are ways to use a process for figuring out your vulnerability, and build a plan to avoid loss.
Cause and Effect
Correlations are sometimes mistaken as cause and effect, and companies spend unnecessary resources addressing what they believe to be an issue. For example, the great the fire, the higher the number of fire trucks so send fewer trucks and the fire won’t be as large? Wrong!
Three Basic Rules
Three Basic Rules to reduce Shrink; create diligent processes, greet your customer, and treat your employees with respect.
Don’t Judge Talent by a Title
Don’t judge talent by a title, just as you shouldn’t judge a book by its cover. A Vice President in one company does not mean the person can be VP in another, just as you shouldn’t assume a Senior Manager cannot be a VP. The lack of standardization in retail created a gap that needs to be recognized.
Loss of People
The loss of talent in business is not viewed the same as the loss of cash yet the value could be much higher. Talent Acquisition Specialists have become mainstream and lulled us into a false sense of acceptance.
Demystifying Racial Profiling Training
Racial profiling is a serious concern in retail, with several options to address the problem. But the bottom line is that some just don’t work. You need to address the root of the issue.
How vulnerable are you to shrinking out?
A loss prevention review conducted in a timely manner can be the early warning system you need to avoid shrinking out.
Small Business Review for Loss Prevention
Small Business owners must check operational practice to avoid surprises like shrinkage. Building a review that can be integrated into the overall process is the most painless and cost-efficient way to do this.
How vulnerable are you to shrinking out?
Shrinkage is the scorecard for the level of compliance your team has to the rules and process you set. A Loss Prevention review is a great early warning system to avoid costly surprises.
Listen and Hear above the Noise
Listen and Hear above the Noise and you will decipher the true message amongst the static. This is one of the greatest skills of a loss preventer.
Restorative Justice
Class Action case may contain so much noise the true benefits of Restorative Justice become muted.
