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.
Hong Kong: Authorities will monitor internet platforms for non
Rebels kill at least 4 people during an attack on a Central African Republic mining town
Bizarre moment NYC crowd chants and cheers on man who ate 300 cheese balls in record
Ecuador: Fire department honors five rescue dogs during retirement
Eight people reported killed in a shooting on the southern edge of Mexico City
Lotus Lantern Festival draws thousands in Seoul to celebrate upcoming Buddha's birthday
Mother's Day: Today, more US parents than ever have paid leave — but most still don't
Adela Cernousek of Texas A&M wins NCAA individual golf title for first collegiate win
Profound sadness, anger grips Israel on Memorial Day
Landmark Paris trial of Syrian officials accused of torturing, killing a father and his son starts
Mitchell has 33 points, but Cavaliers can't contain Tatum and Brown in Game 3 loss to Celtics