How Prevalent is Stealing in Small Business

Whether as an aspiring entrepreneur or a long time small business owner, there are always going to be worries on your mind about how your company is performing, and of course, there are always going to be risks of building up your own successful business venture. One thing that is often overlooked, but can be a threat to your business is theft from within. Commonly known as shrinkage in the retail business employee theft and shoplifting is a big problem for small business owners.



In order to find out what the levels of theft are like within work places, Data-Label has carried out a survey of adults aged over 18 asking: “Have you ever stolen something from your place of work?” and a surprising 20% of respondents, nearly 400 out of the 1,986 questioned, admitted that they had done.

Delving further to find out what sort of threats a small business could be facing if they find that their employees are stealing from work, they asked: “What did you steal?” The most common response was stationary, followed by food from both the company and their fellow staff members, and finally toilet roll. The most common reason, cited by the vast majority of respondents (85%), given for why they had stolen from work was that they didn’t think anyone would notice, although 8% stated it was because they believed they deserved more from the company that they received.

How to Succeed in Business by Improving Efficiency

Making your business more efficient should be an absolute priority for any entrepreneur. As anyone who has launched his own business knows there are hundred tasks waiting for your attention at any given time. Prioritizing them to ensure the most important ones get attention is a good start. However, even after that you need to be efficient at everything you do, else there is no way you will be able to manage the business, and have a life. When we talk about efficiency, it is a matter of making everything run more smoothly, with no waste. Time and money are both precious commodities and you can’t afford to lose either one. Fortunately these days it is easier than ever to find good advice about running a business efficiently.





One of the most successful entrepreneurs in the UK today is Reuben Singh. He is the man behind the highly successful alldayPA company, and has been a prominent figure on the UK entrepreneurial scene for many years. Most recently, he was a keynote speaker at the Business Networking show, where his speech on the ups and downs of entrepreneurial life earned him a standing ovation from the crowd. In this article we share some of Singh’s most important thoughts on making your business run more efficiently.

Find good workers and keep them

Happy employees are loyal and productive employees. A large part of Singh’s continuing success with alldayPA is that he has gone to great lengths to ensure that his staff are happy with the conditions they are working under. In fact, he even let them determine the conditions for themselves. Obviously under those circumstances, it’s impossible for anyone to feel they are not being treated fairly or given enough respect.