Greg Sadler entered the Loss Prevention field over 15 years ago. He works with cooperations to bring down their shrink (inventory losses) and increase profits.
He has apprehended over 800 shoplifters and employees to recover product and cash. Loss Prevention can be extremely costly to any organization, especially small businesses.
Since most small businesses cannot afford a full time Loss Prevention staff, they are major targets for theft. Over 80% of a companies loss comes from internal theft. That means the employees that you hired to watch over your inventory while you are away are your biggest threat.
The second largest threat for the business owner is external theft. External Theft counts for 15% of your loss and comes from outside sources, such as Shoplifters, Booster Teams and Burglary.
Your third form of loss is due to simple paperwork errors, including discrepancies in receiving and inventory control.
Business Owners have the right to recover expenses due to theft and destruction of property from dishonest employees and customers. For example, if a customer opens a package and steals the merchandise, they not only stole the product, but destroyed the packaging, rendering it unsaleable. You have the right to demand civil recovery. Most companies charge the shoplifter a fee of $500.00 plus the cost of the replacing the product.
Contact Greg Sadler partners with the small business owner to raise awareness and provide a First Line of Defense through training and short term loss prevention solutions.