Is Your Company Safe From Attack?

Written by Arthur Cooper


Yesterday I read an article inrepparttar daily paper that contained some rather alarming figures.

A survey of British businesses found that fraud, money laundering, and embezzlement cost them over £40 billion ( $72 billion) a year. The average loss ofrepparttar 103827 companies surveyed was over £1 million, whereasrepparttar 103828 loss torepparttar 103829 top 100 companies (those inrepparttar 103830 FTSE 100 index) was £5 million. Companies were reporting losses of up to 5% of turnover.

The significant fact about these figures was that this was only what had been detected. The real losses are certainly many many times greater. And to make matters worse these figures almost entirely represent what is ‘inside’ crime. That is, it is crime committed by employees or by outside temporary staff contracted atrepparttar 103831 time torepparttar 103832 company.

And furthermore, a large number ofrepparttar 103833 companies had no insurance cover to protect them fromrepparttar 103834 consequences of this type of activity.

So what arerepparttar 103835 lessons to be learned?

1. Don’t imagine that it can’t happen to your company.

It can happen, and most probably will. The bigger your company,repparttar 103836 greater isrepparttar 103837 scope for undetected crime against it.

2. Consider your vulnerabilities.

Are your financial controls sufficient? Are they rigorous? Are they foolproof? Can you trustrepparttar 103838 people in charge? Are there checks made onrepparttar 103839 work done? Are you sure ofrepparttar 103840 honesty and loyalty of your staff? Were their references ever followed up when you took them on? Pay particular attention when you take on temporary staff.

Carol Brady Shops At My Store.

Written by Patrick Lumbroso


You've probably heard it said hundreds of times. "That person is a born salesman. They haverepparttar knack.They continuously outsell everyone else."

Jonathan owns a computer hardware store that turns over more than $10 million a year in sales. But Jonathan is worried. Business is good, but he has one major problem. Two of his team of ten salespeople, Paul and Richie, account for close to 80 percent of his business's total sales.

The other eight scratch around for 'crumbs' and are continuously being replaced. Jonathan is worried that if he were to lose his two best sales people, it would place huge pressure on his business.

"So what's their (Jonathan's top salespeople's) secret?" , I ask. "I don't know. They have a way with customers. They always knowrepparttar 103826 right thing to say in order to make a sale. I guess you could say that they're just born salesmen..", replies Jonathan.

As far as I'm aware, scientists are yet to discoverrepparttar 103827 genetic code for "born salespeople". In other words, great sales people are made, not born. Whilst some individuals appear to be born with great sales talent, such talent is more likelyrepparttar 103828 result of sales development, rather than genetics.

Success leaves clues. In just about any organisation that you visit, you will find outstanding salespeople continuously using sales systems and procedures that enable them to ride atrepparttar 103829 top ofrepparttar 103830 sales pack.

I explain to Jonathan that if we are to massively increaserepparttar 103831 sales performance of each team member, we need to be able to uncover those systems and patterns of successful sales behavior amongst his best salespeople, and then to systematize such behavior amongst all sales staff.

That way, not only will Jonathan will be able to improve overall sales performance amongst all team members, he will also be creating a business that is systems dependent, rather than people dependent.

Jonathan and I spend a full day observing and analyzingrepparttar 103832 activities of Jonathan's sales "stars" and sales "underperformers". As predicted, there were definite patterns and systems employed byrepparttar 103833 star performers thatrepparttar 103834 others failed to implement.

Interestingly enough, all of Jonathan's sales people had similar levels of understanding in relation torepparttar 103835 various computer products and product features, yet onlyrepparttar 103836 two star sales team members (Paul and Richie) had any form of marketing or sales strategy.

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