Business coaches, who are people that advise and guide business owners in the operating and growing of their businesses, can be quite helpful, particularly to entrepreneurs. However, scammers posing as business coaches have been taking advantage of trusting business owners by selling worthless services to their unwary victims. I have reported on this scam numerous times in the past, but it is timely again with the FTC’s settlement of charges against the operators of Coaching Department and Apply Knowledge who scammed millions of dollars from consumers by falsely promising their victims that they could easily earn thousands of dollars each month if they bought the business coaching services offered. The truth is that the people who bought the business coaching services from Coaching Department and Apply Knowledge lost thousands of dollars.
If you were a victim of this scam, you may be eligible for a refund. For more information about this refund program, click on the FTC Scam Refunds tab in the middle of the first page of www.scamicide.com. There are no fees involved with receiving a refund through this program. Anyone contacting you about this refund program who demands a fee or payment of any kind is a scammer.
Before hiring the services of a business coach, you may want to find out what helpful advice you can get for free through government agencies such as the Small Business Administration. www.sba.gov/starting-managing-business
If you do decide to hire a business coach, you should find out if there are any complaints filed against him or her. An easy way to do this is to just do a search engine search in which you look up the person’s name with the words “scam” or “complaint” and see what comes up. Also, be wary of paying up front for the services of business coaches before they provide any services.
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