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. |
Hush money trial: Trump faces prospect of additional sanctions for violating gag orderStock market today: Asian markets wobble after Fed sticks with current interest ratesIllinois governor's office says Bears' plan for stadium remains 'nonBuilder finds creepy children's handprints on the back of Victorian roof tilesPakistan recalls Hasan Ali for tour to Ireland and England, delays announcing T20 World Cup squadJessie J shows off her postKatie Holmes goes makeupWADA labels accusations 'politically motivated'More money is going to African climate startups, but a huge funding gap remainsMicrosoft will invest $2.2 billion in cloud, AI services in Malaysia