Thursday, April 29  

Due diligence - the most important thing that even the lawyers don't know about!

Due diligence - the most important thing that even the lawyers don't know about!

Hello. I've been involved in a heap of business deals and businesses over the years. Every single time I do what's called my "due diligence". That is, I check out the deal to see if there are any hidden things I need to be aware of.

* Might be a hidden liability
* Might be the character of the person I'm dealing with
* Might be the industry
* Might be any number of things

The secret weapon I use these days hasn't always been used by me. But this secret weapon is almost infalliable when it comes to ascertaining the right moves. This secret weapon can pick up the slightest irregularities in an instant.

The judgement is, I have to say, 100% spot on.

The secret weapon is..........................

Mel. My wife.

It may come as a shock to you to become aware that I'm not perfect in every way. (I can promise you it shocked me when I first discovered it!)

Having a person there to bounce ideas off can be fantastic. And I have to say, Mel's great at sizing people up in an instant. And she has a well-developed business brain that can see the essence of a deal in a moment.

And her gut feeling is always right.

Us guys try and do it alone. (It's a macho thing with me!) But often the best thing we can do is get a little female intuition in to help us along the way.

Or just another person to talk things through with. It helps.

Regards

Brendon