{"id":12846,"date":"2016-02-02T12:56:10","date_gmt":"2016-02-02T12:56:10","guid":{"rendered":"https:\/\/drprem.com\/digital-marketing\/?p=12846"},"modified":"2020-07-16T14:17:51","modified_gmt":"2020-07-16T14:17:51","slug":"reasons-why-diy-security-systems-will-cost-your-business-a-fortune","status":"publish","type":"post","link":"https:\/\/drprem.com\/ai-marketing\/reasons-why-diy-security-systems-will-cost-your-business-a-fortune","title":{"rendered":"Reasons why DIY security systems will cost your business a fortune"},"content":{"rendered":"
\n\"Dr<\/a>\n<\/div>\n

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For small business owners, the cost of investing in security surveillance can be alarming. However, what\u2019s more concerning is the potential cost to the business if security measures aren\u2019t implemented. Billions of dollars worth of stock and profits are lost by businesses each year as a result of inefficient security setups. Many business owners opt for a DIY solution that offers some security presence, but it can leave serious gaps that will cost your business much more than it is worth. Security specialists Chartercom Security have provided a few compelling reasons why business owners should invest in a professional security system.<\/p>\n

Brand reputation<\/strong><\/h2>\n

Whether a business is a traditional brick-and-mortar store or operates online, its reputation is instrumental to its future success. Physical and cyber threats can significantly impact a business\u2019s reputation. Businesses that become subject to theft may gain the stigma of being an easy target, thus making them fall victim to repeat offenders. This reputation may also deter buyers from purchasing from the business, which will impact sales revenue and profits.<\/p>\n

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Cyber threats can significantly impact the reputation as a business. Several businesses fall victim to online security breaches that could see their business\u2019s website go offline, become infected, have their data breached or even affect the security of potential customers. As people become aware of the security threats, they will be deterred from engaging in business and the reputation could affect sales and referrals drastically.<\/p>\n

Shrinkage costs<\/strong><\/h2>\n

In 2010, the ABC reported that $2 billion in losses for Australian businesses were a result of employee theft. Disloyal employees can account for profit reductions of up to 40% and has been cited as the number one reason for profit loss when compared to external theft. Employee theft occurs from:<\/p>

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