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
Target starts price war with Walmart by slashing the cost of 5,000 popular items
Target will be lowering prices on at least 5,000 frequently bought products ranging from milk to dia2024-05-22NASA's final tally shows spacecraft returned double the amount of asteroid rubble
CAPE CANAVERAL, Fla. (AP) — NASA finally has counted up all the asteroid samples returned by a space2024-05-22Former world's oldest dog stripped of title
By Ido Vock, BBC NewsBobi at his home in the Portuguese village of Conqueiros before his death in 202024-05-22Tennessee fisherman reeled in a big one. It turned out to be an alligator
MAYNARDVILLE, Tennessee (AP) — A fisherman at a lake in northeast Tennessee caught a surprise at the2024-05-22Rays opening day starter Zach Eflin placed on 15
ST. PETERSBURG, Fla. (AP) — The Tampa Bay Rays placed opening day starter Zach Eflin on the 15-day i2024-05-22New study finds no brain injuries among 'Havana syndrome' patients
WASHINGTON (AP) — An array of advanced tests found no brain injuries or degeneration among U.S. dipl2024-05-22
atest comment