OverviewRunning a Retail Business can be rewarding. However, uncontrolled and unidentified losses can put you out of business. The Association of Certified Fraud Examiners estimates that as much as 33% of all small business failures is a result of controlled and unidentified internal fraud. Losses can occur as a result of external theft, internal fraud and theft, delivery discrepancies, mark-up and mark-down errors, and other paperwork issues. The only way you can identify the amount of losses is by taking periodic detailed inventories.  Why Should You AttendAs much as 33% of small business management failures is a result of uncontrolled and unidentified losses. If you are small business retail owner, manager, or loss prevention consultant, this webinar will teach you how to conduct a full shrink (loss) investigation. If you are contemplating opening a small retail business, this webinar will give you a head start on understanding the complexities and importance of controlling losses. In addition to developing overarching policies and workable relevant procedures that govern the business operations, including loss prevention, a retailer must be able to conduct a full shrinkage in retail or loss investigation when the source of the losses cannot be determined. Areas Covered In This WebinarThis webinar session will explore the importance of controlling losses in order for a retail business to be successful. A business owner must understand that controlling losses is just as important as controlling sales and costs. Controlling losses is often the area that is overlooked, which leads to many small business retail failures. It is critical that a retail business owner and managers understand:What causes Shrink (Losses) in a Retail EnvironmentThe importance of having overarching Policies and workable Procedures to control shrinkUnderstanding the steps to perform a Shrink Investigation when the source of losses are not identified through normal business operations procedures and practices. This webinar will discuss the steps, which include: Covert observationUndercover shoppersReview of policies and proceduresA review of point of sale dataStore meetingEmployee interviewsSurprise delivery auditsPaperwork review Learning ObjectivesLearn the importance of controlling shrink (losses)Understanding what causes lossesFormulating loss prevention policies and proceduresComparing practices to established procedures How to conduct a Shrink Investigation when the source of losses are not identified Who Will BenefitSmall Retail Business OwnersManagersAuditorsLoss Prevention ProfessionalsFraud ExaminersLevelIntermediate