Scams
HOME-BASED-BUSINESSES SCAMS
It is very difficult to recognize a business scam without performing an in depth investigation into the type business and its history.
It is essential to realize that due diligence into the number of concepts involved, either in the performance or the various operations and requirements, of any business is critical.
I have realized that more often sales pitch advertisements don’t tell the whole truth about most business ventures.
99.9% of promotional material does not mention the more important features and issues of a business. For this reason, I believe more businesses fail than succeed.
As an example, you can recognize Computer Consulting as a legitimate type of business. Yet, the greater percentages of Consultants are not successful in their own company.
A most probable reason for failure may be due to certain business operations that were unknown to the Consultant prior to setting up their own company.
There are issues and circumstances that are of great magnitude to the success or failure in your own business.
You may be qualified in specific tasks; however, you may not be capable of successfully running all aspects for all business operations.
That is to be expected. One person cannot be all things to every subject and circumstance that will arise in your own business.
To be successful in the many hats that must be worn in your own business, you are required to learn as much about each department, task, issue and function that can exist.
I believe Business Ads and promotional material for Self-Employment use complete ‘Hype’ in the sales campaign.
An aspiring Entrepreneur sees, listens and concentrates on only the available information provided in the advertisement.
Important details about the business are intentionally avoided in any endorsement or sales materials.
Unfortunately, a potential business owner does not realize many of the questions to ask for the reason the issues unknown and are not mentioned in the subject matter provided.
The substance and content are basically a ‘Hard Sell’.
Could this be classified as ‘Scamming’ the hopeful Entrepreneur?
For discussion, I would say yes, it is somewhat misleading and deceptive in practice.
On the other hand, I might have to agree that it is the responsibility of the individual to understand and know as much as possible if their intention is to own a successful business.
To be continued….
