News Blog DigitalOlympus.com Explains Why Businesses Should Pay Attention To Due Diligence

Research firm DigitalOlympus.com has published a report on the 4 cardinal reasons why businesses should always insist on due diligence investigations before engaging in any transaction, appointment or investment.
 
 
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Jan. 25, 2013 - PRLog -- New York, NY

The “4 cardinal rules” of business due diligence (http://www.nardelloandco.com/practice-areas/due-diligence/), and why businesses should never ignore them, are the subject of the latest business intelligence (http://www.nardelloandco.com/practice-areas/business-intelligence/) report from research firm DigitalOlympus.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/fraud-investigator-fraud-inv...) professionals who work behind the scenes to help businesses make the right choices in their transactions. The “4 cardinal rules” of business due diligence help businesses safeguard themselves against potentially scandalous and financially dangerous business decisions. Businesses should always practice these procedures prior to making a new commitment to protect their good name and interests.

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.

"DigitalOlympus.com Recommends" is a regular news editorial feature provided by DigitalOlympus.com.

For the DigitalOlympus.com report on the advantages of due diligence investigations (http://www.nardelloandco.com/practice-areas/investigations) for businesses, visit digitalolympus.com/665/due-diligence-in-business-transactions-4-reasons-why-businesses-should-always-insist/

About Digitalolympus.com

Digitalolympus.com is a research firm and news blog dedicated to educating its readers on the latest business and technology best practices. We are committed to gathering relevant information on optimized ways of conducting business with regards to methods and technology. Our followers can use the information we provide to help steer their businesses in the right direction.
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Source:Fernando McDonald
Email:***@creative-works.us Email Verified
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Tags:Due Dilligence, Litigation Support, Business Intelligence, Investigations
Industry:Litigation support
Location:New York - United States
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