Fraudsters target small businesses with scams. Here are some to watch out for
NEW YORK (AP) — It’s never fun to be scammed, but if you’re a small business owner then falling for a scam can have long-lasting effects on a business, damaging client relationships and profit.
Plenty of types of scams exist, but a few affect small businesses the most.
According to the Federal Trade Commission, small businesses should be on the lookout for phony invoices and unordered merchandise. Scammers send out fake invoices and hope businesses won’t notice. Similarly, scammers call saying they want to confirm an order or verify an address, and send unordered merchandise they then demand money for. Small business owners are under no obligation to pay.
Another thing to watch: if you’re starting a small business, seeking out business coaching can be a helpful endeavor. But people offering those services aren’t always legitimate. They charge for services they don’t actually provide and ramp up fees. For legitimate business coaching contact your local Small Business Administration regional office.
Related articles
Farm family’s newest crop shows China’s solar ascendancy
JINAN, China (AP) — Shi Mei and her husband earn a decent enough living by growing corn and millet o2024-05-22Man United vs Arsenal: Why Arteta's success could be a blueprint for United
MANCHESTER, England (AP) — Two of England’s most storied soccer teams go head to head on Sunday with2024-05-22Puerto Rico declares state of emergency as persistent rains unleash heavy flooding and landslides
PORT-AU-PRINCE, Haiti (AP) — Puerto Rico’s governor has declared a state of emergency following heav2024-05-22Despite numbers showing a healthy economy overall, lower
NEW YORK (AP) — Cracks are showing in one of the main pillars keeping the economy out of a recession2024-05-22Norwegian Cruise Line, Wix.com rise; Cushman & Wakefield, Target fall, Monday, 5/20/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday:Johnson Contro2024-05-22I'm a vet and you should beware of these 4 garden plants that are harmful to dogs
With spring in full bloom, a vet has issued a timely warning to dog owners about the potential dange2024-05-22
atest comment