Emerald Business Systems Blog

Protect Your Cash or Lose Your Business

Posted in General Business,Security by ebs4pos on January 10, 2010

It seems like every week there’s another story about a small business owner who’s been ripped off by someone they trusted with their hard earned cash. Just last week, my plumber said he was probably going to file for bankruptcy because his trusted office manager took off with $60k of the company’s funds.Red alert folks!You must have controls in place in your business to protect what you have worked so hard to achieve. Yes, it can happen to you and your business will suffer for it. Here’s proof.The Association of Certified Fraud Examiners ACFE survey conducted earlier this year reported that more than half 55.4 percent of respondents said the level of fraud has slightly or significantly increased in the previous 12 months compared to the level of fraud they investigated or observed in years prior. Additionally, about half 49.1 percent of respondents cited increased financial pressure as the biggest factor contributing to the increase in fraud, compared to increased opportunity 27.1 percent and increased rationalization 23.7 percent. There’s no time like the present to make sure you are protected.Here are six things you can do to safeguard your cash flow.

via Protect Your Cash or Lose Your Business | Small Business Trends.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: