One thing to keep in mind as a business man is, it is paramount to secure your business against theft to guarantee its continuity. What do you do?
1. Install Security Systems: Preventing theft through having security cameras, bell or alarm to make it hard for a thief to steal from your store.
2. Do Background Checks: Background check on the employees to be hired is very important so as to be sure such employees don't have a criminal record which can hinder the business.
3. Implement Access Controls: These include restricting entry into certain areas or rooms to only those who require them, or restricting access to information that is deemed sensitive and confidential to certain personnel only.
4. Train Employees: Training your employees on how not to get involved in any kind of theft and how to report any cases of any product, money or information disappearance.
5. Regular Audits: The following should be implemented to minimize the risk of fraud: To enhance control, particularly over theft, more frequent audits should be done on inventory and on the financial statement to enable early detection of discrepancies.
1. Install Security Systems: Preventing theft through having security cameras, bell or alarm to make it hard for a thief to steal from your store.
2. Do Background Checks: Background check on the employees to be hired is very important so as to be sure such employees don't have a criminal record which can hinder the business.
3. Implement Access Controls: These include restricting entry into certain areas or rooms to only those who require them, or restricting access to information that is deemed sensitive and confidential to certain personnel only.
4. Train Employees: Training your employees on how not to get involved in any kind of theft and how to report any cases of any product, money or information disappearance.
5. Regular Audits: The following should be implemented to minimize the risk of fraud: To enhance control, particularly over theft, more frequent audits should be done on inventory and on the financial statement to enable early detection of discrepancies.