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.
Xi Story: Cradle of China's Rural Reform Embarks on Rural Revitalization Journey
Lao PM says China taking concrete actions to deepen global anti
Man United makes more executive changes as Jim Ratcliffe's new era takes shape
Britain's Daley/Lee win men's synchronised 10m platform at Tokyo Olympics
China to provide emergency aid of 200m yuan, including food, 3 million vaccines to Afghanistan
CPC Leadership Convenes Criticism and Self
Browns, center Brian Allen agree to 1
Americans decry gun violence, political inaction at nationwide rallies
Huge shake up to NFL schedule could see the Super Bowl move to Presidents' Day weekend
Centennial celebrations of Chapman's Peak Drive held in Cape Town