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The best ways to protect your company’s assets - Bank Clip

The best ways to protect your company’s assets

No matter how big or small your business is, it’s highly likely that a lot of your company’s money and value is tied up in assets. That’s why it’s important to keep an eye on these as often as you keep an eye on your profit margins. Here are some of the best ways to make sure all of your assets are fully protected at all times.

Employ security

Whatever line of work you’re in, it’s highly likely that you’ll use some expensive tools to get the work done. It might even be that some of the raw materials or product you stock are also very valuable. The big problem is that as a business, it’s highly likely that your building will be entirely empty for certain parts of the day. All of these factors make your business an ideal target for any criminals wanting to break in and steal some of your valuable physical assets. To prevent this from happening, it’s important that your building is secure 24 hours a day, seven days a week. While you could install alarms or CCTV cameras, these do very little in preventing and stopping any criminal activity. Instead, it’s important to employ a security guard, like those provided by Nob Hill Security, to make sure your building is protected throughout the day and night. Not only will they be able to act quickly if somebody does try to illegally gain access to your building, but they’ll also work as a deterrent for any criminals looking for places to break into. If you don’t protect your physical assets properly, not only could you face a large bill or a large amount of insurance paperwork to replace the items, but it could also impact your productivity until those items are replaced.

Scrutinize your accounts regularly

One thing that any criminal wouldn’t be able to pick up and leave with after a break-in is the money in your business’ bank account. While the cash isn’t a physical object that can be taken, it’s still important to keep an eye on your accounts regularly to spot any suspicious activity. It is possible for someone to be stealing money from the business and disguising the fact by making it look like the money is being sent on vital supplies. If you spot a large increase in the money being spent on a certain product or service, or by a certain department, make sure you question the amount with the people in charge of spending that money. Even if it isn’t criminal activity, acting quickly could motivate your team to find a cheaper way of buying in supplies or paying for certain services.

Make your team feel motivated

One of the most vital assets to any business is the people they employ. Without them, it would simply be impossible to get all of the tasks you need to get done within the deadlines you set.

If they feel unmotivated, you might have a similar problem. Make sure that every member of your staff you employ has the motivation to hard work, and make sure you constantly make sure they feel motivated so that they continue to work hard for you no matter how long they are at the company.