Wednesday, 23 January 2019

Home » Business Be Heard » Business advice » 4 holiday season risks for retail businesses

4 holiday season risks for retail businesses

December 18, 2018 6:59 am

We have put together a guide on some of the risks shop and restaurant owners should brace themselves for over the festive season. Work through it. Is your retail business ready for the important season?

 

  1. Bad weather

African weather is quite unpredictable these days so keep an eye on the news, social media channels weather forecasts on. If it’s extremely windy, you might see more runaway fires. Heavy storms may lead to slippery roads and hail or flooding may mean you need to close your doors. Try to plan your orders and deliveries accordingly so that you don’t let your customers down at the last minute.

 

  1. Machinery breakdowns

Your machinery is taking extra strain over the holiday period as you produce more orders and serve more customers than usual. The last thing you want is a broken oven, printer or refrigerator during the busy holiday season. If there is time, have your vital machines serviced in advance to avoid breakdowns and be sure to get insurance that includes machinery breakdown cover

 

  1. Fraud

When things are rushed, guards are down and your employees may easily fall victim to cheap practises – for example, someone requesting your business bank login details over the phone. Keep a very close eye on your credit card during this period to spot deceitful transactions the moment they happen.

 

  1. Rush hour and accidents

The festive season means crazy deadlines, long hours and everyone falling over their feet to get everything done in time. Research shows that there is often a rise in workplace accidents as people rush to meet deadlines. If you have temporary staff, make the time for a proper induction and get them up to speed with your business processes to avoid injury.

 

Author: Staff Writer

4 holiday season risks for retail businesses Reviewed by on . We have put together a guide on some of the risks shop and restaurant owners should brace themselves for over the festive season. Work through it. Is your retai We have put together a guide on some of the risks shop and restaurant owners should brace themselves for over the festive season. Work through it. Is your retai Rating: 0
scroll to top