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Be hands-on with financial statements, with bank statements, and with signing off checks, with being in contact with your vendors and knowing what you actually owe. while the will sons look at this ordeal as the most difficult of learning experiences, they still believe that they have to trust their staff. you go through tough times, tough economy. go through an oil spill in the summer. you just have to persevere. we just feel like we have to work harder than we ever had before and you just believe in good people. there are good people out there willing to do good honest work. the betrayal and financial loss of having someone steal from you can be emotionally wrenching. not to mention hard for your company. so what can you do to prevent it? let s turn to this week s board of directors. terrence shulman, founder of the shulman center for compulsive theft and spending. jennifer hill is an attorney and ....
Chair of the new york city advisory board for a group dedicated to working with female entrepreneurs. scott bellski is the founder and founder after company that helps products, develop products and services for creative businesses. great to see all of you. what strikes me the most about this is that it is so common. i have a good friend who this happened to. p people we did a store i don t last week, dog sledding company, this happened to. it happens all the time. so what are entrepreneurs, small business owners, missing? why is this happening so much. first of all, the u.s. chamber of commerce estimates that about 75% of employees steal in one way, shape or form. that s most of us that includes me stealing a pen, right? i must admit, sorry, nbc. yeah, i don t know how they define it but there s all kinds of theft to what we see here in this particular case grand scale embezzlement to time theft, loafing, taking office supplies ....
Audits. again, but the big thing is often it is even a star employee who can be led out in handcuffs. when you have friends that you can trust, family members, i work with cases where family members were stealing from family businesses. you can never be so sure. part of it is plain greed and part is the financial stress people under with the economy. part is people are shop-aholics and get themselves into credit card debt. they start off small testing the system. a lot of times they don t intend to have it get out of control as it does. it is it gets to be addictive in some cases. the lesson learned really is checks and balances really. i mean, everybody knows this but it is good to be reminded because a lot of people don t do it. terrence, thank you so much for joining me. we appreciate. it thank you. it is not just employee theft you have to worry about. you have to keep an eye on your customers as well. credit card fraud is all too common. while it is not practical, ....
hi there, everyone. welcome to your business. where we give you tips and and advice to help your business grow. it is a topic that is unfortunately relevant to businesses of all sizes. dishonesty in the workplace. if it hasn t happened to you, chances are you know someone whose company has been victimized bay deceitful employee. today we will meet the owners of an alabama bookstore and see how they are pick up the pieces after nearly being put out of business by a member of their staff. at first i think it was just it was total disbelief. she was a friend. her children played with may children. we hung out in the same circles. in the fall of 2008 karen and kiefer faced the unthinkable. you heard of identity theft. you heard of people getting taken advantage of. things like this happening but just never really think it is ever going to happen to you. the wilson s third generation bookstore located in the gulf coast community of fairhope, alabama, had be ....