The Small Business Swindle: How Fraud Affects Independent Businesses [INFOGRAPHIC]

It’s a topic that doesn’t usually come up in casual conversation, but take note: One out of four businesses have been victims of fraud, with an average loss of $50,000. Small businesses are disproportionately impacted because they typically have fewer checks and balances to prevent or detect fraud, making them ripe targets in the eyes of crooks.

In this infographic, we take a look at four main categories of fraud, how they affect small businesses, and what small businesses can do to protect themselves.

Infographic by Column Five.

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About Lynette Liu

Lynette Liu is a product manager in the Small Business Division at Intuit. She is proud to support local businesses and can often be found in the local ice cream shop doing just that!
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1 comments
Lynette Liu
Lynette Liu

Kevin, thanks for the link. Small businesses do have a multitude of things to be aware of, and fraud and financing are two of the biggies!

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  1. [...] How you can prevent Fraud at your business! [ 0 ] June 14, 2011 | Glenn Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic.Powered by WP Greet Box WordPress PluginAre you familiar with the reports in QuickBooks that can help you identify if an employee is “cooking the books”? After meeting with a client, in the service industry, the owner found that the employee setting appointments and creating invoices, was also calling the customers to inform them he would come out to pick up the payment “in cash” and then deleting the invoices. Don’t be a victim when you can be proactive in preventing this from happening to you! Click here to how fraud occurs and to see some other ways to protect your business. [...]

  2. [...] a small-business owner, you’re a ready target for “confidence” operators who will ask you to invest in sure-fire business opportunities, fake franchises, [...]