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.
Bank of America, PNC, Citizens and Chase behind latest branch closures
Nicole Brown Simpson documentary in production at Lifetime as 30
Person in serious condition after incident in Feilding
Lilly rides Mounjaro, Zepbound to better
Khloe Kardashian seen for the first time since OJ Simpson's death
Number of FBI intelligence database searches on Americans has dropped in last year, report says
Queen Camilla 'hurt' by Prince Harry's blistering attack in Spare which branded her a 'villain'
Remote Lake Superior island wolf numbers are stable but moose population declining, researchers say
More than 30m Americans could face drinking water crisis as officials find major flaws in US dam