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Also check the crime rate of the environment you intend to establish a business.
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[QUOTE="blessingc, post: 239420, member: 73446"] Before starting a business in an environment, it is a must to know the condition or security situation of that location. Insecurity and fraud is a big threat to business. Crime can be particularly devastating to small businesses, who lose both customers and employees when crime and fear claim a neighborhood. Crime and violence affect the economy and the business environment, therefore it affects entrepreneurs' expectations and their decisions. Crime, particularly violent crime, has been shown to impose a variety of economic costs on individuals, communities, and society as a whole. Business revenues can be affected by gun violence through a variety of mechanisms. People have been shown to be afraid of places where they know violent crimes happen or where they perceive that they have a high likelihood of victimization from violent crime. The loss of stock, criminal damage or threats to staff all have a negative impact on the business and its reputation. Crime is no longer limited to physical actions, such as burglary, arson or graffiti. Data theft and phishing are now seen as big threats in the retail sector, Physical security can help secure this digital information. Keeping server rooms locked, locking down portable devices and securing sensitive files can all help protect this important data. [/QUOTE]
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Also check the crime rate of the environment you intend to establish a business.
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