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Run & Grow

Why Embezzlement Most Often Occurs at Small Businesses -- and How to Prevent It From Happening to You

A recent survey shows 80% of embezzlements occurred at small businesses

The latest statistics on fraud should send a big jolt of fear into small business owners. According to a 2016 embezzlement survey by HISCOX, a specialty insurance company, 80 percent of embezzlements occurred at small businesses -- defined as those with less than 150 employees ...

by Ken Springer  | May 09, 2017 06:00:00
Startup Tips

Stopping fraud in its tracks

Instituting internal controls will protect your business from fraud and theft.

A starting entrepreneur normally operates the business by himself, with perhaps some relatives helping out. But as the company grows, he slowly realizes the need to hire outsiders.When this happens, he has to divide responsibilities between himself and his employees, delegating tasks ...

by Henry Ong  | March 28, 2012 01:00:00
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