Small Business Scams

Avoiding Common Scams

© Katelyn Thomas

May 16, 2008

Small business scammers have several ways to scam people out of their hard earned money.


This week, I talked about small business scammers. It is a sad fact that some people will put so much effort and time into scams that they could have earned money honestly. As a hard working new business owner, you will need to be smarter than all of these dishonest people so that you can successfully start and run your business.

The biggest danger is usually before you actually start a business. Scammers know people are desperate to leave that unfulfilling nine to five job behind and do something that allows them to get their lives back. So, they place ads that use trigger words that touch your emotions to try to convince you to part with your hard earned money.

If an ad for a business opportunity offers easy money or using more exclamation points than a professional cheerleader, use extreme caution. Those get rich quick commercials and ads have a lot in common with diet pills. Yes, you can be successful as a house flipper or one of the other business opportunities they advertise, but there aren't any shortcuts if you want to do it in a safe and permanent manner. Do your homework and be prepared to put a lot of time and energy into your new business. Most importantly, don't expect a course or kit, no matter how costly it is, to do the work for you.


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