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Barbara Weltman

Big Ideas for Small Business, Inc.

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SMBs Very Concerned About Impact of Bribery and Corruption

June 2, 2024 / By Barbara Weltman

That’s the finding in research from the Association of Chartered Accountants (ACCA): 59% are concerned over the impact of bribery and corruption. Say you’re a building. Do you pay a bribe to get win a contract? “…while [small businesses] may not have the resources to offer large bribes, very small businesses don’t have the bargaining power to refuse when small bribes are demanded. Entrepreneurs have to choose between paying the bribe or losing the business.” Just saying… #IdeaoftheDay

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Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

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