The world of small business ownership can be a challenging one. Inventory, cost control, marketing, personnel, taxes, lawyers – it is enough to make your head spin. Every Tom, Dick, and Harry has some kind of magic cure to sell you to make running a business that much easier. It can be hard to sort fact from fiction when business to business sales types come knocking at your door. But the next time someone approaches you to talk risk management and security, it is probably worth it to listen carefully.
Business is about making profits. People do not go into business hoping to lose money, generally speaking. And when it comes to increasing profits, there are basically only two ways to do so: sell more or save more. In other words, you can increase your output. You can also decrease expenses. The most successful small business owners understand the fine line between both, making wise investments to grow their business. As the old saying goes, “you have to spend money to make money.” A twist on that might be that you have to spend money to SAVE money! That’s what people who buy burglar alarm system in Key Biscayne understand, at least.
How can buying a burglar alarm system in Key Biscayne be a sign of financial sapience? Of course, business owners know saving money can increase their bottom line. To make that happen, business owners often shop around for low price wholesale product or cut unnecessary personnel. They bargain, they beg, they borrow – whatever it takes to keep the business’s finances healthy and strong in the long run.
One item is often overlooked, though. And it is something your bigger competitors know all too well: risk management. Risk management has to deal with how you protect your business from loss. This includes insurance, maintenance plans, and legalities like waivers and contracts. Why do we spend money on these tasks? For protection. And because we know the value of protecting our assets, we might consider the money spent on protection as an investment.
This idea especially rings true when it comes to a small business’s security plan. Yes, hiring a reputable security company to install top of the line equipment is a cost. But so is losing inventory because you have a rogue employee. It is a loss when someone barges in and steals money right out of the drawer in the middle of the night because there was nothing stopping the person from doing so. Investing in security equipment diminishes the possibility of these events. Security equipment also makes the punishment of these culprits easier to achieve.
Think about it this way. You may not be able to stop your employee from stealing from you. But if you can catch her doing it on CCTV security equipment, then you may be able to serve justice. And if justice is served, the loss may even be recuperated.
To learn more about how security equipment can protect your small business, contact POGO Security today.