08 Sep, 2017

Franchise Security

Franchise security Franchise Security is so important that it has to be addressed from the very first day you start planning your new franchise business. Over the years the franchise industry has developed security safeguards and operations that are highly effective and most franchisors now have as a matter of course well developed, tried and tested security procedures. There is now a very active Security Industry, which has grown up around this need for protection, and ranges from local, to large national and multi-national companies. On the administration side of your franchise security business you also need to be vigilant. • Examine all invoices or supporting data before signing checks. You should have the bookkeeper attach to the check, all related invoices. • Dual signature of checks should be required unless signed by you. • Don't pre-sign checks and do inspect all pre-numbered check books to ensure that the checks are being used in sequence. • Check that your accountant or book-keeper, reconciles the bank account and credit card accounts monthly. • All cash should be kept in a safe that is either on a time lock or is opened with dual keys one of which is kept off premises. Robbery is one of the most horrific and frightening of all the franchise security situations it is also one of the crimes that can cause long term physiological damage to employees. Robbery is classified as being any situation in which violence, or the threat of violence, is used to extort or take by force property or money. Here are some of the precautions you can take to minimize the risk. • Be suspicious of anyone loitering outside especially if they seem determined to avoid other patrons or people in the vicinity. • Maintain minimum cash register limits by skimming the cash and depositing in a secure drop safe. This procedure should be publicized. • Never leave the cash drawer unattended and lock it when away. • Leave the cash drawer open at the end of the day to show it is empty. • Be aware of what's going on outside as well as inside the franchise premises. • All outside lights should be turned on at dusk. It is a good idea to have the lights switched on automatically and the manager should check them at least daily. • Adequate lighting both inside and outside is a must. If there are any spots that are in shadows take immediate steps to light them. You are most vulnerable to a robbery when you take your deposit to the bank. • You should make daily deposits but most importantly don't have a specific routine day after day - vary your travel routes and times. • Don't make deposits after dark and on weekends if your banks night-safe is in a deserted area. Use a Security Company Pick-up Service instead.