Natural disasters become widespread once temperatures start rising, wildfires included. If you operate a jewelry business in an area where wildfires are a known risk, it’s important to take precautions to prepare.
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.
Shipping jewelry has been a source of frustration within the industry for a very long time. Even with technology continuing to advance there are plenty of times when it doesn’t seem any easier. It's time-consuming to coordinate logistics — and then shipments get delayed. Merchandise can get damaged in transit — or worse, it can be stolen.
While some jewelers know that employment practice lawsuits and appraisal liability claims are a possibility, an even smaller percentage are aware of what may be the most concerning threat of our time: cyber crime.