Would I lie to you? Five cons still kicking - BusinessWeek Online - MSNBC.com
Would I lie to you? Five cons still kicking - BusinessWeek Online - MSNBC.com
This article concerns scam artists out to fleece the aspiring entrepreneur.
The dream of many people is to open and operate a sucessful business. Sometimes, the rush to do that begets a type of greed or naivete that others capitalize on. As a CPA, I'm generally sitting in the "catbird's" seat to observe what's going on in a business and I've seen a number of people get ripped off in schemes ranging from multilevel marketing scams to scams involving the sales of franchises.
The key to avoid this sort of thing is doing one's homework. Above all, if you're considering going into a particular business, give consideration to working for someone who is already in the business for a year or two. You'll you gain valuable experience, obtain a good idea about the viability of the enterprise and the resources that you'll need to run the business. Knowledge (and a lack of greed) are the scam artists' worst nightmare.
This article concerns scam artists out to fleece the aspiring entrepreneur.
The dream of many people is to open and operate a sucessful business. Sometimes, the rush to do that begets a type of greed or naivete that others capitalize on. As a CPA, I'm generally sitting in the "catbird's" seat to observe what's going on in a business and I've seen a number of people get ripped off in schemes ranging from multilevel marketing scams to scams involving the sales of franchises.
The key to avoid this sort of thing is doing one's homework. Above all, if you're considering going into a particular business, give consideration to working for someone who is already in the business for a year or two. You'll you gain valuable experience, obtain a good idea about the viability of the enterprise and the resources that you'll need to run the business. Knowledge (and a lack of greed) are the scam artists' worst nightmare.
posted by Greg L at
2:27 AM
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