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Christmas time is busy for retailers and it’s timely to remind you of some hints and tips to keep you, your staff and business safe over this time. The following tips are sound business practise to keep in place all year. They are simple to apply and should form part of a regular review of your business practises against your business plan.
Cash register basics.
- Do - Keep your largest notes in the furthest compartment of the register from where customers stand. These will minimise the risk of a snatch and grab robbery
- Do - Regularly clear the excess cash from the register and lock it away.
Do – leave your register open at the end of the day, advertising the fact there’s no cash kept on the premises
Do – put a sign on your window saying that only minimal cash is kept on the premises
- Don’t – count your cash where you are visible to your customers. Consider a secure room if possible.
Don’t – ever take cash home. It could put more than your business cash at risk!
Banking basics
- Do – mix up your banking routine
- Do – have two of you go to the bank together wherever possible and change around who this person is.
- Do – think about disguising your banking as shopping, in a handbag or satchel
- Do – bank often to keep your cash holding low
- Do – consider using a professional cash collection service such as Armourguard if your business handles a large volume of cash
- Do – consider using eftpos to further reduce the amount of cash your business takes
- Don’t – put your banking in a bank bag and walk out the door. It’s like putting a bullseye on your hard earned takings
- Don’t – head to the bank with your business name tag on, aim to blend in with other shoppers.
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