Between the cost of renting space, purchasing inventory, and paying employees, money for small business owners may be stretched thin. However, there is one thing every retail storeowner should fit into their budget—security! Why? Small retail businesses are often a target for theft. Don’t fret; there is a light at the end of this would be dark tunnel. You don’t have to spend a lot of money to secure your business. Here are five inexpensive ways you can beef up security.
Invest in a Bell
Installing a bell over your front door is an easy way to know when someone has entered the store. The type you choose is up to you. Just make sure you can hear it from anywhere in the store, especially anyplace where the front door isn’t visible.
Install a Mirror
This is another simple and efficient way to secure your inventory. Make sure it is properly placed to eliminate blind spots from your point-of-sales system, so you can keep an eye on consumers. Standing over your patron’s shoulder without answering questions could make them uncomfortable, or even drive them away. You don’t want buyers to think you are suspicious; nonetheless, you want to be able to keep an eye on someone who appears to be lingering.
Oftentimes, small, high-end items attract shoplifters. When setting up your inventory, be sure to place those types of items close to the register. Putting them on stands or display tables where one or more employees can actively monitor them at all times should also be considered.
Lock up Your Inventory
Consider locking up items that are expensive, small, and easily hidden. Whether it’s many items in glass casing secured by a display hook lock, or individual items with their own personal security, small items need to be protected. Utilizing locks on your inventory is an effective way to prevent theft. Security companies have a large variety of locks for many diverse products. From clothes to jewelry, cellphones to cash drawers, you will have peace of mind knowing your items are protected.
Get a Security System
An alarm system is an effective way of securing your business after hours. Businesses without an alarm system are four and a half times more likely to be burglarized than businesses with one. A security system can reduce your chances of being vandalized, and if you have the appropriate system, most insurance companies will offer a discount on your business insurance policy premiums. Think of it like this: you wouldn’t run your business without point of sales system software, so why run it without proper security?