Some con artists make a habit of ripping off businesses. Here's how to make a habit of thwarting them.
According to the Better Business Bureau (BBB), every year businesses lose millions of dollars to con artists through a host of different scams. It's easy for multitasked entrepreneurs to get swindled into paying phony invoices, footing the bill on unordered merchandise or agreeing to deals that are almost always too good to be true. "What happens many times is that business owners are so busy and usually have so many expenses to pay every month that they do not inspect carefully what they are paying for," notes Steve Bernas, director of operations at the BBB in Chicago.
The best way to protect yourself is to know what to watch out for. The most common scams that target business owners, according to the BBB, are the following:
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