Business Mentoring
Mentoring is a critical job and is important for the one providing it as well as the party seeking it. The business parties seeking mentoring are normally those that are beginners and they wish to avoid problems by seeking expert advice. On the other hand the mentor's credibility and business experience is proved when he offers mentoring and advice. Theft and fraud are two most common issues faced by the starting businesses. The paper discusses what advice can be offered to beginners to avoid theft and fraud in business.
What advice can be offered to beginners to avoid theft and fraud in business?
Mentor
Mentoring is an advisory job and should be backed by proper knowledge and experience. Based on the three decades of business experience, it can be said that fraud and theft are most common in business however only a little more carefulness can help avoid fraud and theft. The two problems are interrelated but committed in different manners. There are some advices given here to guide the new businessmen about how to avoid theft and fraud.
Employee Theft and Fraud in Business
The most common cases of theft and fraud take place at the cash handling sites of a business. Initially it is easier to maintain the records of incoming and outgoing cash because there are only a few people involved and the people in business are highly trusted (Matthews, 2002). However, growing businesses face the challenge since a large amount of cash inflows and outflows...
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