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Reducing Shrinkage in Your Store, How to Get It Done

August 25, 2017 By admin Leave a Comment

If you are a small business owner then you need to be concentrating on every cent that comes in and goes out of your business. Despite meeting so many people through my line of work who focus wholeheartedly on their bottom line, it always surprises me how few of them focus on shrinkage within their business.

Shrinkage is unknown loss in the business and in the main this can be put down to theft, poor practice or damage. Within this, I work mostly in helping business owners reduce theft and stopping them from being exposed to shoplifters. Recently I have been working with John Bradberry Charlotte NC resident and security expert on some stores in a shopping center in Charlotte, helping small business owners to focus on shrink and protect their stock.

Training Your Staff

One of your best weapons against theft is the service which your staff can offer the customers as they are walking through the door. The reason why this is so effective is because thieves do not want to be bothered, especially not by a smiling face asking them what they need. Staff should also be ever-present on the shop floor and be vigilant throughout their shift for anyone who looks out of place or indeed as though they are up to something.

Targeted Protection

Understanding what goods are being taken from the business is massively important and you can use stock counts to highlight what it is that is going missing. Throughout this process, you will be able to be far more effective at targeting at risk products in your store and finding ways of making them less exposed for shoplifters.

Product Protection

If you sell high value items then you should have processes in play each day that have staff checking the product protection and ensuring that everything has stickers and alarms on it. You should also be regularly moving the products in your store about and removing the possibility of blind spots within your store which will invite thieves to go about their business in peace.

Investing in Security

Investing in security cameras and security staff for your store amy cost you a bit of money up front but in the long run it could sea you a great deal of money and it is well worth doing. Not only do methods such as these deter shoplifting, they can also help you to catch a shoplifter in the act. Very often small stores are targeted by the same thieves and catching them could cut down the shoplifting altogether.

Neighbourhood Watch

If you are on a high street or in a shopping center then you should be working with your neighbours to ensure that the area is trying its best on the whole, to reduce theft. Sharing information is vital to everyone being on the look out and you should be working as a team to eradicate theft from your stores.

Filed Under: Business Tagged With: business, business tips, commerce, company, entrepreneurship, selling, shrinkage, store

How to Receive the Best Price for Your Property

July 20, 2017 By admin Leave a Comment

Encouraging buyers to walk through the door of your home can sometimes feel like an uphill challenge, and it may feel even harder to receive the right offer. Read our helpful tips on how to receive the best price for your property.


  1. Research the Property Market

It’s important you have a firm grasp of the property market, so you understand your property’s worth. Review the most recent sale prices of similar homes in your neighborhood within the last 30 to 60 days, as well as how long they were on the market. Also, aim to discover whether the properties were sold for the initial asking price.


  1. Price the Property Well

Every homeowner wants to receive as much money as possible for their property. Unfortunately, many people make the mistake of listing their homes that exceed comparable housing prices. While others may start with a high price and work their way down.

Both strategies can backfire, as home hunters will also have a budget in mind and the price could result in them ruling out your home. A property will become stale the longer it remains on the market, and it can be very hard to attract buyers once this happens. Aim to accurately price the property so you receive the best price at a faster rate.


  1. Find the Right Realtor

Aim to find a real estate agent who will take the time to learn about your property, which will complement their extensive knowledge of your neighborhood. For instance, John Mikesh aims to make the process as stress-free as possible, as not only will he help you receive the best price for your property, but he will take care of all the legal work, too.


  1. Home Staging

Little changes can make a big difference to your property. From a well-tamed garden to neutral walls, create a space that offers a great first impression. Add mirrors into small rooms to elongate a smaller space, or upgrade fittings to provide a room with the wow factor. It could result in a prospective buyer making an offer on the spot.

However, don’t embark on any major renovations that will add little value to your home. Focus on smaller changes that can make a big difference to your property such as a fresh coat of paint, depersonalizing your accessories and removing any quirky artwork that may not be to a buyer’s taste.


  1. Set an Offer Deadline

If your home is competitively priced, it might be beneficial to set an offer deadline to potential buyers. Encourage them to make an offer within the first two weeks of the home entering the real estate market, and launch an open house immediately. This could help you receive multiple offers for a quick sale.


  1. High-Quality Photos

Choose your photos wisely when listing your home on a real estate website, as you will want as many people to view the property as possible. Only advertise high-quality photos that showcase your home’s best features and don’t include any problem areas on the listing.

Filed Under: Finance Tagged With: finance, house, investment, money, property, sales, selling