5 Best Ways To Safeguard Your Small Business

According to the U.S. Department of Commerce, businesses lose 50 billion dollars each year due to employee theft. Moreover, this cost is rising at the rate of 15% every year. Another report showed that one-third of these rising cases are due to a lack of internal control.

Ideally, employees are the backbone of every company. They help in achieving corporate goals, thus, ensuring business success. However, if a company fails to establish strict internal control, the possibility of employee theft (or say internal theft) tends to rise. That’s why to safeguard your business; you have to take the following measures.

Background Checks

First of all, as most internal theft includes employees, you must conduct background checks on people before hiring them. Background checks will help you learn more about them, especially whether or not they have any criminal record. Thus, you’ll be able to protect your corporate resources, especially cash and customer information.

Also, knowing your employees’ background helps build trust, which will help your company in the long run.

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Hire Armed Security

Another thing that you need to do is to hire armed security for your company premises. The presence of armed security will deter thieves and also give your customers and employees a sense of security. However, the need for armed security depends upon the location of your business.

As per a news portal, internal fraud and embezzlement cases are rising in Michigan (MI). Every day new cases are reported which include the theft of millions of dollars.

So, if your business is situated in Michigan, you must look out for a reliable mi security company, as they can help prevent unauthorized access. Plus, the guards are generally well-trained and respond immediately to emergencies.

Install CCTV Cameras

In addition to the armed guards, you should also install surveillance cameras in the office. It will help you keep an eye on every activity of the employees. Also, you can use the CCTV footage as evidence to the police and in the courtroom.

Make sure there are cameras near every door to record the movement. These will surely help in demobilizing threats.

Note: Some armed security companies also provide the service of surveillance cameras. So, you must ask them about it from them.

Conduct Regular Inventory Checks

For thieves, stealing company inventory is one of the easy targets. Generally, the inventory is in large numbers. So, it becomes pretty challenging to point out if one or two items go missing.

However, these items can soon result in a huge loss to the organization. Therefore, you must conduct regular inventory checks. It will prevent thieves from stealing anything.

Replace Key System With Access Cards

If you still use the key system to unlock your office, it is high time to change it. Nowadays, it isn’t very hard to get a duplicate key.

Therefore, to keep your company protected, you should change the key system with an access card. The cards can’t be duplicated. And in the event of a missing card, you can easily deactivate it.

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To Sum It All Up!

These measures will ensure that your business stays safe from every type of threat. Moreover, armed security will also deter the burglar, thus mitigating the risk to a great extent. Not to mention, it will also give you peace of mind.

Please let me know your thoughts and comments below. Thanks for reading!