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6 Common Scams Entrepreneurs Should Avoid
There are too many threats for small businesses right now. Read on to learn about the 6 most common scans that entrepreneurs should watch out for!
Many people think about starting their own business without actually assessing all the existing risks. It’s bad enough that the competition has never been higher for small companies. There are also many threats that young entrepreneurs face, like liability issues, inflation, physical and intellectual theft, security breaches, and so on. You can add different scams to the list as well!
It’s no surprise that people have been running scams on small businesses for years. New entrepreneurs are trusting, and they also want to please every customer to have a loyal client base. These factors can turn small companies into perfect targets for rip-offs and cons. In the last couple of years, there are also many online threats that come from the internet.
Managing your company, getting a diploma, and looking out for possible scams at the same time can be pretty challenging. This is why students often delegate their assignments to online services. You can use essay service and devote more time to your startup. Business owners constantly have to be aware of all emerging issues!
So, are you not sure that you can prevent any kind of threats from harming your company? Here are the 6 most common scams young entrepreneurs should avoid!
Insurance fraud
This is one of the oldest tricks in the book. This type of rip-off is not specific to entrepreneurship because any person can become a victim of an insurance fraud activity. For example, you own a small store, and a swindler targets your space for their illegal activity. They will fall down and pretend to suffer from minor injuries, threatening to sue you if you don’t pay.
Fake invoices for office supplies
This is a pretty popular illegal scheme that people use to get money out of your business. Usually, they target bigger companies because it’s harder to keep track of all small purchases and invoices when you have lots of employees. Here are a couple of the most popular fake invoice schemes that you should watch out for:
- The grifter will reach out to you and remind you that it’s about time to restock your office supplies, like paper or printer toners. After that, you’ll receive an invoice for overpriced products or an order from a fake company.
- The scammer will send some supplies to you without any order and demand payment for it, usually overpriced as well. The harassment won’t stop until entrepreneurs agree to pay the invoice.
Fake online reviews
This is one of the most obvious and easiest ways to extort money from a company, so entrepreneurs better watch out! For example, students often look for “Write my dissertation for me“. People will say that they will leave a negative review online unless they are paid. They might also demand some goods or services in exchange for a positive review.
Phishing schemes
This is an online threat that should be part of your cybersecurity training. Usually, employees or young entrepreneurs get an email from what seems to be a legitimate sender. If you open a link from an email, you can lose your back data, personal information, credit cards, passwords, and other important stuff. Don’t open anything before confirming that this link is legit!
Fake business and investment opportunities
Of course, everybody wants to get rich quickly. Business owners will look for many investment prospects that can promote their services even more! For example, one of the most popular schemes in this field is coaching and promotion swindles. People will lure entrepreneurs with some promises of increased profits and morality boosters, only to scam them for money.
Government agency imposters
This experience can be scary for those business owners who are not familiar with this type of swindle. When somebody from the IRS or Homeland Security comes knocking on your door, you are more likely to cooperate with them. They can claim that you have some unpaid fines or owed taxes. This is no joke, especially when you have some trademarks or patents!
How can you protect your company from getting scammed?
Of course, you can’t protect yourself and your workers at all times. On the other hand, there are some guidelines that business owners can follow and stay alert for in the future! Here are a couple of tips about looking out for the most popular cons and protecting your company:
- learn about cybersecurity and hire an expert team to deal with such threats;
- verify all purchases and invoices;
- have a list of checked vendors that you use regularly;
- hold security training for your employees.
Takeaway
Now you know about the 6 most common scams that entrepreneurs have to deal with! There are hundreds of different ways of stealing money from companies, so you can’t really look out for each and every one of them. At the same time, business owners can take some steps to prevent any cons from happening in the future!
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5 things to keep in mind before playing at an online casino
Playing at an online casino can look straightforward, but there are some things to consider before just
jumping on the first site you see. The online casino industry is huge, and in 2023, it was worth around
USD17 billion globally—with the number is set to rise year-on-year.
Players can get lucky by finding the right site on the first attempt, but often, the best practice is to take
some time to look around for the right platform that fits your needs. But why not just pick one at random and roll with it?
Players look for different experiences, and the same site isn’t going to suit everyone. Some may seek out
the highest payout online casinos, others could be more interested in social casinos, and the choice for
another player may simply be based on the VIP club rewards.
There are many considerations to make before playing at an online casino site, and here, we’ll explore
the five key things to keep in mind before doing so.
Licensing and regulation
The initial thing to consider is security, which means checking to see if a site is regulated by a reputable
authority. The ideal situation is to find a site that is licensed by a leading governing body to operate within your geographic location.
It’s not always easy to find a “local” casino that’s based in the state where you are. Hundreds of
thousands of players face this issue, which is why they instead look for offshore platforms that will give
them access.
This is OK, as long as the gambling license is from a reputable body like the Malta Gaming Authority or
the Curaçao Gaming Control Board because that still means that they are audited to ensure they meet
things like fair play conditions of the license.
But it’s easy to find just as many unlicensed casino platforms that don’t offer any kind of player protection. This is a complicated area, but one worth checking. A good source for reputable online casinos to play at is honest casino reviews, where the information is curated by experts.
Verification of account
It’s very quick and easy to set up an online gambling account—something that shouldn’t take more than a couple of minutes to do, in fact. Personal data is entered, a rudimentary check is done on those details, and your account is open.
In most cases, you can deposit straight away and start spinning the reels on the slot machines or visiting
live dealer tables. Everything is then typically fine until the point where you want to make your first
withdrawal. If the account hasn’t been verified, you could find yourself running into delays.
Verification of the account means supplying the operator with corroborating documents to match the
information used to open the account. This is commonly referred to as KYC (know your customer), where the operator performs what is essentially a security check on the details, which helps in the fight against fraud and money laundering.
In many instances, online casino platforms will give a certain amount of time to get the verification
completed before they suspend or close the account. This can feel like a frustrating extra step,
particularly as it can typically take up to 48 hours for verification to be completed, so it’s worth doing as
soon as you have opened the account to get it out of the way.
Is the right payment method available?
Online casinos accept many different payment methods, but that doesn’t mean every one of them
accepts all the options. There are platforms where the number is certainly a lot more limited, and not all
sites accept cryptocurrency, for example.
Pick the preferred payment method you want to use and base your search for a casino site on that. It’s
very unusual for any online casino to charge deposit fees, but they do appear a little more frequently for
withdrawals.
The amount of such a charge could be linked to the payment method that is used, and minimal
withdrawal amounts often vary between different payment options too. It’s just worth getting the overall picture ahead of time so that you can securely use your preferred payment option.
How can customer support be contacted?
While you may never need to call upon customer support, it is worth finding out about operating hours
and how they can be contacted. The most common method of support is through a live chat, but not all
online casinos have that available 24/7.
The presence of AI is firmly with us all now, and with some regional governments welcoming the growth of the technology, it’s only going to increase. Already, a lot of initial customer support contact at online casinos is with a chatbot.
The ideal situation is to have access to customer telephone support because that is a direct line to help,
but that’s not particularly common anymore. It’s worth putting a support email address into your address book for quick future reference, and after a live chat session has closed, download the transcript for your records if you are in a dispute or have a complaint.
There are also risks involved with gambling, which is something else that should be noted before playing at an online casino. Be prepared for the losses, because they will happen. To help customers play responsibly, there are features like deposit limits and bet limits that can be set up to help manage the financial risk of playing.
Variety of Games
The variety of games is another important aspect to consider before playing. Maybe one slot machine
immediately caught your eye, but beyond that, you find the rest of the options for the style of game that
you want are all too limited.
There are certainly enough online casino sites out there to ensure you do not need to be limited in terms
of game variety. This could filter out into other gaming options as well, like scratch cards, bingo, and
crash games.
Take some time to look around and explore, and if you can’t quite get the game coverage that you need,
there is nothing wrong with registering with more than one casino, as long as it’s financially viable.
In conclusion
At the end of the day, it is putting all the components together to end up at the best possible playing
platform for you. It’s about finding the balance, but certainly, the top consideration to make before playing is to select a licensed and regulated casino.
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Why Fire Rated Windows Matter in Urban Living
With the expansion of urbanization, safety concern is a must in these highly concentrated areas. Among these critical features in the design of urban building settings, fire-rated windows are considered one of the most important for both residential and commercial purposes. Here’s why fire rated windows are important to urban living: safety, compliance, and better functionality.
What are Fire-Rated Windows?
Fire-rated windows are fiberglass window installations designed to provide such resistance against fire and intensely high temperatures for a sufficient period of time. These, unlike standard windows, house a solid barrier against flames’ and smoke spreading, therefore presenting precious time to get occupied people out in safety.
Fire-rated windows also incorporate heat-resistant glass, solid frames, and intumescent seals that play a critical role in meeting the strict fire safety requirements. Fire-resistant windows also contribute to compartmentalization processes in case of fire breakout, limiting damages.
Importance of Fire Safety in Urban Areas
High Population Density and Risk Mitigation
The general characteristics of urban areas are high-rise buildings, commercial centers, and thickly populated residential communities. The density itself increases the propensity for fire hazards. In such an environment, fire-rated windows become indispensable as they can prevent the spreading of fire from one room to another, from floor to floor, or from one building to another.
Regulatory Compliance
For large and modern urban developments today, very strict fire safety codes need to be followed. Part of the building regulations concerning such places could relate to the use of fire-rated windows that ensure structures meet benchmark standards for safety. Greater market value of a building through enhanced compliance would also lessen your liabilities relating to legalities.
Protection of Life and Property
Since buildings and flammable materials are closely packed together, urban fires spread much faster. Fire-rated windows provide a protective barrier against loss of life and reduce economic losses from fire breakage.
How Fire Rated Windows Work
Fire-resistant windows rely on a high temperature resistance that is made with advanced materials and engineering methods. Some of the vital constituents include:
● Tempered or Laminated Glass: Specially treated glass retains its integrity under intense heat.
● Steel or Aluminum Frames: They provide structural support and resist warping during fires.
● Intumescent Seals: The ones which swell up by taking on heat and occlude voids to hamper smoke and flame passing.
● Fire-rated windows are generally rated by time, such as 30-, 60-, or 90-minute ratings, indicative of the length of time they can resist fire exposure.
Advantages of Fire Rated Windows
Enhanced Safety
Fire-resistant windows are essential in creating escape routes that are safe. They will prevent the spread of fire by compartmentalizing areas, thus enabling occupants to evacuate efficiently.
Noise Reduction
The reality of urban living is that it comes with a fair amount of noise pollution. Fire-rated windows also provide the best insulation for a quiet indoor environment with strong fire protection.
Energy Efficiency
Energy efficiency can also be achieved with many of today’s fire-rated window designs that allow for lower heating and cooling costs while maintaining indoor climate comfort year-round.
Aesthetic Appeal
Advances in window technology have taken fire-rated windows from blocky and unsightly. Sleek designs and options to customize them enable them to fit within even the most modern architecture.
Applications of Fire Rated Windows in Urban Living
Residential Buildings
Fire-rated windows turn out to be a good consolation in apartment complexes or housing societies by reducing the rate of associated risks with cooking fires, electrical defaults, or even hazards going on outside.
Commercial Establishments
Fire-rated windows are very important for offices, retail spaces, and restaurants in urban centers. They help protect employees, customers, and inventory while keeping them in compliance with fire safety codes.
Healthcare and Educational Facilities
Fire safety is not optional in critical infrastructures like schools and hospitals. Fire-rated windows play an important role in containing fire and smoke, thus ensuring safe evacuation to protect the most vulnerable parts of the population.
Selecting the Right Fire Rated Windows
Choosing Factors to Consider When Selecting Fire Rated Windows:
● Duration of Rating: Select windows with a proper fire resistance rating from building regulations and particular specifications.
● Material Quality: Let the fabrication of windows be from certified fire-resistant material.
● Installation Expertise: Proper installation is vital for the performance of fire-rated windows. Employ experts who are experienced with fire safety systems.
● Aesthetics and Functionality: Today’s options allow for original designs without sacrificing performance.
Care and Maintenance of Fire Rated Windows
Fire-rated windows do require regular maintenance to ensure long functionality. The key steps include:
1. Any Damage: Check the glass and frames for any cracking or warping.
2. Seal Replacement: Intumescent seals should be replaced when there are any indications of wear.
3. Cleaning with Care: Non-abrasive cleaning agents should be used to avoid damage to the protective layers.
Of course, routine maintenance will maintain fire safety requirements compliance while extending the operational service life of the windows themselves.
The Future of Fire Rated Windows
As the urban areas continue to change, so does the ever-growing demand for sophisticated fire protection features like fire-rated windows. Advances in material science and integration with intelligent sensor technology are creating windows that resist fire but also detect it and alert in real-time.
Fire-rated windows are more than a safety feature; they are the cornerstone of responsible urban development. As we invest in these systems, so we create safer and more resilient communities.
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