As a small business owner, you know that creating a lean budget is essential for success. While creating the budget, you’ll have to decide which things can be cut and which things to keep. Security systems are one of the most important things to keep because they protect your resources and your employees. But you might be wondering how much business security systems cost. Is there a way to implement effective security without breaking your budget?
How much does it cost to NOT have strong security?
While you’ve likely thought about how much business security systems cost, the more important question is how much it costs to not implement effective security measures. Every year, U.S. retailers lose nearly $50 billion to theft. Shoplifting is one of the most common forms of theft. The average cost of each shoplifting incident adds up to $798.48.
If your business doesn’t have a storefront, customer theft should be less of a problem. However, employee theft is a sadly common occurrence, as well. Unfortunately, employee theft is frequently more expensive than customer theft, resulting in an average cost of $1,922.80 per incident.
With a business security system, you’ll hugely decrease your operating costs by minimizing the cost of stolen inventory. As long as you find a security provider that’s a good fit for your business, the decrease in expenses due to theft will far outweigh the cost of your security system. You’ll see your profit margins start to rise.
One of the easiest ways to protect your business on a budget is to limit your security package to the things your particular business needs. Security needs can vary tremendously based on spacing, industry, and area. Unfortunately, some security providers charge one common price regardless of your individual business’ individual circumstances.
Find a provider that allows for customizable packages. This allows you to hand-pick the areas in your office that need camera coverage. With customized systems, there’s a plan that fits any budget. Because of this, there is no easy answer to the question of cost. The cost will be something that fits your budget. We can find something for you!