The “4 cardinal rules” of business due diligence (http://www.nardelloandco.com/
“Look before you leap” is a commonsense expression that is often taken for granted. In business it is wise to calculate decisions carefully before they are taken because it generally takes decades to build a business, but only a single scandal to send it crashing to its knees. History provides a wealth of examples to illustrate this position.
Due diligence is the way businesses can implement the “look before you leap” maxim – doing their homework by “finding out important non-obvious details about a new potential partner, investment or associate prior to making a commitment” according to the report.
Due diligence is carried out by credibility and financial fraud investigation (http://www.nardelloandco.com/
The report states the “4 cardinal rules” of business due diligence as being:
#1 Conduct pre-transaction Investigations
#2 Determine suitability and reputation of potential partners and investments
#3 Carry out pre-appointment investigations
#4 Prepare your business against scrutiny
"Due diligence before a business transaction is akin to checking your vehicle for proper fuel and oil levels before you start a journey. It should never be ignored because the consequences can be quite grave," says a report collaborator.
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For the DigitalOlympus.com report on the advantages of due diligence investigations (http://www.nardelloandco.com/
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