When you see a Going Out of Business sign hanging from a store window do you wonder why it failed? You might guess...poor management...bad product...terrible location…
But you probably would never think employee theft... The truth of the matter is, employee theft account for nearly 30% of all business failures2. In fact, employees stealing from the cash register is one reason many startups never make it past the first two years of business.
Like all crimes the motive for employee theft can vary; ranging from purely financial to revenge. But knowing a motive won’t keep money in your business or your doors open.
If you plan on staying in business for a while you should know two things: 1) where your business is vulnerable and 2) the tactics thieves use.
The vulnerable areas within your business:
- Your customers
- Coupons/drink tickets/gift cards you issue
Is Your Staff Stealing?
Stop your Bar from failing by spotting the 50 ways your staff will steal.
2 The Better Business Bureau
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1 If Applicable