Loss Prevention and the Small Business

1st Edition

The Security Professional's Guide to Asset Protection Strategies


  • J. Robert Wyman
  • Loss Prevention and the Small Business

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    With half of all new businesses failing in the first two years, every aspect of good business planning must be considered, but loss prevention is very often overlooked. Most small business owners grapple with the day to day challenges of sales and marketing, never realizing that the shadow of shrinkage is expanding daily, waiting to reveal itself in the annual inventory results. Ravaged by theft and paperwork losses, the already tight profit margin can shrink into oblivion. Loss Prevention and the Small Business opens the eyes of the reader to the reality of shrinkage in all its guises including shoplifting, fraud, and embezzlement. Armed with this awareness, the security specialist or owner/manager can utilize the many strategies to both inhibit losses and aggressively pursue those persons and processes that cause losses. This is a comprehensive guide to developing and maintaining a loss prevention strategy. It assists the reader in creating a dynamic proactive plan for protecting their hard-earned profits from the menace of internal and external loss.

    Key Features

    Includes information beyond the typical retail theft by employees and customers Cover business losses from administrative errors to white collar crime Practical with numerous worksheets, forms, and templates for asset protection exercises


    This is a professional reference for security professionals who work in or advise small businesses.

    Table of Contents

    Courting the Small Business; The Anatomy of Shrinkage; External Crimes and Losses; Elements of Cause: Solid Cases with Minimal Liability; Detaining and Processing the External Case; Internal Losses - Associate Dishonesty; The Internal Investigation; Controlling Administrative Losses; Tools of the Trade; Appendix A Loss Prevention Strategy Worksheet; Appendix B Loss Prevention Report Card by Business; Appendix C Forms and Templates


    No. of pages:
    © 1999
    Print ISBN:
    Electronic ISBN:

    About the author

    J. Robert Wyman

    Affiliations and Expertise

    President of a consulting firm that specializes in financial management and control for small businesses. J. Robert Wyman began his career in the intelligence field, and also has a background in finance and fiscal management. He has worked for more than a decade in asset protection management for various national corporations where he developed extensive training programs to deal with the day to day realities of loss prevention.


    'Any security professional would benefit from this concise, thoughtful, and well-written text. It is an important tool for retail security professionals aiming to become self-reliant.' - Security Management