How To Find Out If A Company Is Out Of Business – Talking about scams and frauds by companies or companies has become a fad these days. The list is only growing as the innocent are looted, it has become imperative to stay up to date and informed about a company or business.
According to the Federal Trade Commission, the United States reports that fraudulent opportunities occur primarily in the top 10 categories of its database of reports of consumers complaining of fraudulent activity.
How To Find Out If A Company Is Out Of Business
In India, fraudsters are hard to avoid. With many unemployed job seekers, the list of fake companies in India is long. This act of scam is growing at a huge rate with high risk in our digital world.
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To think about frauds, the use of the internet has given rise to many security issues that people tend to get trapped in. Over the years, India has experienced numerous corporate frauds which have left a deep wound in the confidence of many investors. Companies like Satyam, Kingfisher Airlines, DHLL and YES Bank are among the major corporate frauds the country has witnessed.
These scammers are sophisticated because they know exactly how, who and where to target customers. In terms of investing in a business, consumers should seek appropriate information and know their rights. If a company does not have information available, this should be treated as a red flag not to proceed further.
While keeping these corporate frauds in mind, there must be an awareness program to identify fraudulent companies. Until certain programs become available, you can always cross-check a company on your own.
Specific things to look out for in a business to know if they are real are:
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In India, for a company to get a license, it must register with the Registrar of Companies. MCA is the short form of the Ministry of Corporate Affairs, which is a government regulated online portal containing details of all companies that have been incorporated in India.
On this website, you can check a company’s registration number, type of company, date of incorporation and other similar details.
Even if the company has a website, try to take a closer look at the address and contact number. Each website has a “contact” page, where the address and a phone number will be given to get in touch with them.
Try calling them with the number provided and search on google maps to verify that it is a real office and not a fake. However, you should also keep in mind that phone numbers are very easy to fake, so relying only on this fact can never yield accurate company information.
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If the company says “local business” on their website, try searching other cities to see if they operate in other locations. If they also show the same website in other domains, know that they are not right. These companies usually have copied templates with lots of broken hyperlinks.
Spelling and grammar are the two most important things that will impress anyone. Make sure to go through all the details given on the website, and if you notice any unsatisfactory English sentences and poor spelling, then it’s time for you not to indulge in it. Inaccurate sentence formation clearly shows that there is something wrong, and you should investigate further before making a final decision.
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Comments or reviews are the best way to find out about a business. Reviews can reflect the opinions of different people and give you a concrete overall idea of the business.
If you try to get hired by this company, remember that they will never ask you to pay cash or any other type of payment. Other than that, if you’re paying for a service, it’s important to see how the company accepts payment.
They must accept payment through secure methods and not through shady and insecure methods like paper checks or cash. Consider researching payment methods from which you can get your money back if things go wrong or their product or service does not give you satisfactory results.
Scams are part of the system and we have to accept that such incidents are unavoidable. It can be safe to say that businesses and government in general need to establish a solid baseline system that closely monitors these activities.
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A substantial system with regular monitoring, a robust recruitment process by companies and the launch of public awareness programs are the kinds of things we desperately need.
The points mentioned above are some of the factors through which you can check the legality of a business, but it is always better to trust your instincts if you feel something is wrong with the business.
Many companies develop a fraud strategy, protect their businesses against cyberattacks, and know customers inside out.
How To Decide If A Company Is Right For You
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Great! Then proceed to checkout for full access to . Happy to see you again! You are successfully logged in. You are subscribed to . Hit! Your account is fully activated, you now have access to all content. Hit! Your billing information has been updated. Your billing has not been updated. We spend so much of our lives at work, and yet when it comes to making an “Is this the right company for me” decision, most of us just rely on our gut feelings. ‘expert without any solid data to back it up.
Daniel Kahneman, a psychologist and economist renowned for his work on the psychology of judgment and decision-making, says that our instinct alone can fail us when making quick decisions based on our past experience, because it is a key source of noise. Instead, he asks us to resist premature intuition “Intuition should not be forbidden, but it should be informed, disciplined and delayed.”
Data or intuition alone cannot help you make the right decision. You need both data and intuition to make an informed decision.
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Think of it this way. When you meet a new person, how do you decide if it’s a relationship worth investing in or not? You’re probably looking for signals that help you connect their identity to your identity. The relationship can’t go very far if the two are very distant or if there’s something about the other person that doesn’t match your value system. These signals provide valuable data points for you to form an opinion and you further rely on your intuition to guide you to a specific decision.
When it comes to your work, do you apply the same level of due diligence? Businesses are, after all, in some sense, similar to people. You can think of a business as a group of people with a common identity. Make an effort to know this identity as you would with any new person. Figure out if it’s a relationship worth investing in.
No decision-making framework can guarantee a successful outcome. You can never know for sure if you are making the right decision. Businesses evolve. The direction changes. Culture is changing. What was indeed a great choice a year ago, may seem like a terrible decision a year later.
Knowing that you used the right framework to decide can help you move forward instead of ruminating later when the outcome doesn’t match your expectations. And how can you make that decision? By learning to ask the right questions. You can spot the early signs that may prevent you from investing in a bad relationship.
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First you need to be clear about what really matters to you. It’s really important. Because if you don’t know what you want, you can’t actively monitor the clues that can guide your decision-making.
Are you looking for a higher salary? Does the type of work you do or the type of problems you need to solve matter to you? Do you want to work for a company where your work is appreciated?
Grab a pen and paper and rank how you value everyone at work – compensation, learning, environment, rewards/recognition, creativity/innovation, mission, role/impact, colleagues. You can add other items to this list.
Don’t be vague about the answer to this question. Be perfectly clear about your priorities. Take this advice from S.J. Scott in Declutter Your Mind, “When you first sit down to think about your goals for the future, remember to have your core values and life priorities close at hand like reference points.
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