How important is it to you that your business’s operating costs are in check?
In order to turn a profit, business owners need to do more than just close sales – they need to keep expenses to a minimum. While virtually all businesses focus on direct material, direct labor, and basic overhead costs, jewelers have the unique responsibility of protecting extremely valuable merchandise from being lost or stolen.
Knowing how to properly ship jewelry is half the battle. If you aren’t adequately prepared and know how to receive jewelry correctly, you could still face a potentially large loss.
Don’t be fooled by the chances of loss resulting from receiving, either. While the question marks and endless possibilities of shipping mishaps can be laid to rest after knowing that the jewelry has made it safely to your business, a mindless accident could still occur.
If you’re like most jewelers, the start of a new year doesn’t mean vacation time quite yet, but rather time to take inventory.
With many former jewelers on the JM staff, we understand your pain. Inventory record keeping is rarely looked forward to. Consider that you’ll be doing it directly after months of preparing for and executing holiday sales, it starts to seem like an exceptionally daunting task.
However, doing it is vital for your business operations and if you take a few moments to prepare, the process will run much more smoothly.
The best way to prevent a theft is to provide one-on-one attention to each customer, but this can be difficult during the busy holiday season.
While the increase in customer traffic makes it more difficult for a criminal to successfully execute a robbery, this unequal balance of shoppers to employees is the perfect opportunity for a less noticeable crime to occur. A few seconds is all it takes for a thief to go undetected and snatch a piece of jewelry, or worse: an entire tray!
An increase in customer traffic during the holidays is a beautiful thing. Imagine for a second that we’re no longer in the digital age – you can practically hear the ‘cha-ching’ of old-school cash registers.
But as a savvy veteran of the jewelry industry, do the larger crowds also make you nervous?