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In this interview with Jericho Orlina of Unaka Pawnshop for Leapreneur #MentoringMonday, he shares what are the operating expenses of a pawnshop business.
Aside from the rental and manpower, the biggest cost is the security of the store. You need to have a good security in place because to avoid theft.
Remember, a pawnshop has jewelries and cash inside so many people are interested on those things. They are very prone to theft because they are easy to dispose.
Watch this video to learn more.
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