140 likes | 143 Views
Lesson 7.3 PROTECT YOUR BUSINESS. Categorize business risk. Identify security precautions to protect your business from different types of theft. GOALS. 7.3 Protect Your Business.
E N D
Chapter 7 Lesson 7.3PROTECT YOUR BUSINESS • Categorize business risk. • Identify security precautions to protect your business from different types of theft. GOALS
Chapter 7 7.3 Protect Your Business As an independent business person, you will face many risks. Security precautions are the steps you take to protect yourself against different types of risks.
Chapter 7 Group Activity: Think of examples for each type of BUSINESS RISK • Human risks- those caused by the actions of employees and customers • Natural risks • Economic risks
Chapter 7 Categories of BUSINESS RISK • Human risks- those caused by the actions of employees and customers • Shoplifting, employee theft, credit card fraud, bounced checks, robbery • Natural risks • Storms, fires, floods, earthquakes • Economic risks • Competition, shifts in population, government regulations
Chapter 7 SHOPLIFTING • Shoplifting is the act of knowingly taking items from a business without paying. • Customers shoplift millions of dollars in merchandise every year. • http://www.youtube.com/watch?v=lxjL_vooqxg
Chapter 7 EMPLOYEE THEFT Procedures for preventing and detecting employee theft include: • Prevent dishonest employees from joining your company. • Install surveillance systems. • Establish a tough company policy regarding employee theft. • Be on the lookout. http://www.youtube.com/watch?v=VrARLen4hIk
Chapter 7 Group Activity: Think of 5 Ways to keep dishonest employees from being hired • Screen job applicants carefully • Verify educational credentials • Verify work experience • Talk to references • Criminal background check • Driver’s license reports • Civil court records • Credit reports
Chapter 7 Group Activity: Think of 5 Ways to be on the lookout for dishonest employees • Watch for cash discrepancies • Watch for missing merchandise • Watch for missing supplies • Vehicles parked too close to loading areas
Chapter 7 More… • Employees who seem to work odd hours, perform poorly, complain unreasonably • Make inquiries if an employee has an unexplained close relationship with a supplier or a customer • Make inquiries if an employee has a personal lifestyle that seems inconsistent with his salary
Chapter 7 OTHER TYPES OF THEFT • Robbery • Credit card fraud • Bounced checks • http://www.youtube.com/watch?v=j0XJ2EuL4E0
Chapter 7 Group Activity: Think of 5 Ways to Prevent Robbery • Choose a safe location for your business • Install dead-bolt locks • Install burglar alarms • Keep a small amount of cash in register • Use surveillance cameras
Chapter 7 Credit Card Fraud • If someone uses a stolen credit card, the business may not be able to collect the money
Chapter 7 Bounced Checks • A check that is written when there isn’t enough money in the account to cover it. • You could charge a fee for any returned checks. • Ask for identification • Maybe not accept checks at all
Chapter 7 Individual Book Work • Pg. 175 (skip #5)