There are so many reason why starting a business is a good idea. Maybe we’ve been
downsized, maybe we have to pay for car repairs, and maybe we just want the
freedom extra money can give us. Whatever the reason, starting a business can be
a good idea and the great thing is we can start a business from our own living room.
The bad thing is we can easily be lured into a business opportunity by the promise of
great wealth with very little work. We have to exercise caution when looking at
business opportunities because fraud is everywhere.
The signs of fraud can be easy to spot; you just have to know what to look for. If
you see a print ad or an online ad that promises great wealth and an 800 number to
call, be skeptical. Always remember this, just because they are advertising in a
reputable magazine or website doesn’t mean they are legitimate.
If the business opportunity sounds too good to be true, it’s probably a scam. Better
Business Bureau’s nationwide have established some key phrases to look for. “Work
part-time” and “no experience necessary” are two such phrases that can tip you off
that what you’re looking at is business opportunity fraud.
The Better Business Bureau has also identified these business opportunities as “high
risk” for being involved with scams and fraud: Vending machines, pay phones,
display racks, medical billing.
The Better Business Bureau is definitely your ally in determining fraud. Always check
with them before you take advantage of a business opportunity. Think you might have
already been the victim of fraud? Report it! File a report with the Attorney General’s
Office of your state and also file with the Federal Trade Commission. Sure you might
not be able to get your money back, but you might help others from losing theirs.
Great opportunities do exist to run your own business. The most important thing is do
your homework before getting involved. The due diligence beforehand can stop fraud in
its tracks. http://www.enterprisebiz.net/